Homework Answers
| Total direct labor | 200000 | =40000+60000+100000 | |||
| Total direct materials | 160000 | =30000+50000+80000 | |||
| Allocation rate for fringe benefits | 0.40 | =80000/200000 | |||
| Allocation rate for indirect materials | 0.25 | =40000/160000 | |||
| Fringe benefits: | |||||
| House | Allocation rate | X | Weight of Base | = | Allocated cost |
| 1 | 0.40 | X | 40000 | = | 16000 |
| 2 | 0.40 | X | 60000 | = | 24000 |
| 3 | 0.40 | X | 100000 | = | 40000 |
| Total | 80000 | ||||
| Indirect materials: | |||||
| House | Allocation rate | X | Weight of Base | = | Allocated cost |
| 1 | 0.25 | X | 30000 | = | 7500 |
| 2 | 0.25 | X | 50000 | = | 12500 |
| 3 | 0.25 | X | 80000 | = | 20000 |
| Total | 40000 | ||||
| Expected costs | Home 1 | Home 2 | Home 3 | Total | |
| Direct labor | 40000 | 60000 | 100000 | 200000 | |
| Direct materials | 30000 | 50000 | 80000 | 160000 | |
| Fringe benefits | 16000 | 24000 | 40000 | 80000 | |
| Indirect materials | 7500 | 12500 | 20000 | 40000 | |
| Total cost | 93500 | 146500 | 240000 | 480000 |
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