You have a plantwide manufacturing overhead rate that is $4 based on direct labor hours but...
You have a plantwide manufacturing overhead rate that is $4 based on direct labor hours but for each department, the manufacturing overhead rates would be $2 per DLH for department 1 and $1 per MH for department 2. The newest product, Product L had total direct labor hours of 1,100 (1,000 for department 1 and 100 for department 2) and total machine hours of 600 (100 for department 1 and 500 for department 2).
8. The total overhead using the plantwide rate for Product L would be ________.
a. $4,400
b. $1,000
c. $5,000
d. $2,500
9. The total overhead using the departmental rates for Product L would be _________.
a. $2,000
b. $2,500
c. $ 600
d. $1,000
Homework Answers
8. Total overhead = 1100 hours * $4 per hour
= $4400
Option a. is correct answer.
9. Total overhead = 1000*$2 + 500*$1
= $2500
Option a. is correct answer.
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You have a plantwide manufacturing overhead rate that is $4
based on direct labor hours but...
Exercise 17-6 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2...
Exercise 17-6 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 27,000 desk lamps produced annually follows. $275,000 Direct materials Direct labor Fabricating department (6,500 DLH * $28 per DLH) Assembly department (16,480 DLH * $22 per...
Exercise 17-6 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2...
Exercise 17-6 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 25,000 desk lamps produced annually follows. $265,000 Direct materials Direct labor Fabricating department (9,000 DLH * $28 per DLH) Assembly department (15,400 DLH * $23 per...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 26,000 desk lamps produced annually follows. $270,000 Direct materials Direct labor Fabricating department (6,500 DLH $29 per DLR) Assembly department (15,600 DL $28 per DLH) Machine...
Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead...
Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Cutting Finishing 7,300 65,000 53,100 1,500 $ 370,000 $ 599,000 $ 3.00 - - $ 3.75 Required: 1. Compute the predetermined overhead rate for each department. 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Cutting Finishing 12 Direct labor-hours Machine-hours Direct materials Direct labor cost 84 $ 720...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department Information related to the 33.000 desk lamps produced annually follows. $275,000 Direct materials Direct labor Fabricating department (6.000 DLH X $27 per DLH) Assembly department (16,200 DLH X 529 per...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 26,000 desk lamps produced annually follows. $ 270,000 Direct materials Direct labor Fabricating department (6,500 DLH $29 per DLR) Assembly department (15,600 DLH * $28 per...
Exercise 4-4 Plantwide overhead rate LO P1 Textra Plastics produces parts for a variety of small...
Exercise 4-4 Plantwide overhead rate LO P1 Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for 2017 follow. Molding Trimming Direct labor hours 43,000 DLH 52,000 DLH Machine hours 32,000 MH 4,700 MH Overhead costs $ 730,000 $ 550,000 Data for two special order parts to be manufactured...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting foxtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department Information related to the 33.000 desk lamps produced annually follows. $275,000 Direct waterials Direct labor Fabricating department 6.000 DLH Assembly departent (16,200 DLH Machine hours. Fabricating department Assembly department 527...
Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as...
Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $15 per hour. During the year, the company started and completed only two jobs—Job Alpha, which used 54,500 direct labor-hours, and Job Omega. The job cost sheets for the these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost 2 ? $1,533,500 Job Omega Direct materials Direct...
Exercise 17-4 Plantwide overhead rate LO P1 Textra Plastics produces parts for a variety of small...
Exercise 17-4 Plantwide overhead rate LO P1 Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for 2017 follow. Direct labor hours Machine hours Overhead costs Molding 51,080 DLH 38,000 MH $750,000 Trimming 52,200 DLH 4,600 MH $580,000 Data for two special order parts to be manufactured by the company...
Exercise 17-6 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 27,000 desk lamps produced annually follows. $275,000 Direct materials Direct labor Fabricating department (6,500 DLH * $28 per DLH) Assembly department (16,480 DLH * $22 per...
Exercise 17-6 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 25,000 desk lamps produced annually follows. $265,000 Direct materials Direct labor Fabricating department (9,000 DLH * $28 per DLH) Assembly department (15,400 DLH * $23 per...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 26,000 desk lamps produced annually follows. $270,000 Direct materials Direct labor Fabricating department (6,500 DLH $29 per DLR) Assembly department (15,600 DL $28 per DLH) Machine...
Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Cutting Finishing 7,300 65,000 53,100 1,500 $ 370,000 $ 599,000 $ 3.00 - - $ 3.75 Required: 1. Compute the predetermined overhead rate for each department. 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Cutting Finishing 12 Direct labor-hours Machine-hours Direct materials Direct labor cost 84 $ 720...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department Information related to the 33.000 desk lamps produced annually follows. $275,000 Direct materials Direct labor Fabricating department (6.000 DLH X $27 per DLH) Assembly department (16,200 DLH X 529 per...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 26,000 desk lamps produced annually follows. $ 270,000 Direct materials Direct labor Fabricating department (6,500 DLH $29 per DLR) Assembly department (15,600 DLH * $28 per...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting foxtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department Information related to the 33.000 desk lamps produced annually follows. $275,000 Direct waterials Direct labor Fabricating department 6.000 DLH Assembly departent (16,200 DLH Machine hours. Fabricating department Assembly department 527...
Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $15 per hour. During the year, the company started and completed only two jobs—Job Alpha, which used 54,500 direct labor-hours, and Job Omega. The job cost sheets for the these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost 2 ? $1,533,500 Job Omega Direct materials Direct...
Exercise 17-4 Plantwide overhead rate LO P1 Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for 2017 follow. Direct labor hours Machine hours Overhead costs Molding 51,080 DLH 38,000 MH $750,000 Trimming 52,200 DLH 4,600 MH $580,000 Data for two special order parts to be manufactured by the company...
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