Homework Answers
a) Overhead rate = Estimated overhead costs / Estimated direct labor hours
= ($600,000 + $300,000) / (20,000 + 5,000)
= $36
b) Overhead assigned = (20 * $36) + (5 * $36)
= $900
c) c1 = $600,000 / 20,000 = $30
c2 = $300,000 / 25,000 = $12
d) Overhead assigned = (16 * $30) + (5 * $12)
= $540
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PT 1 & 2
Rafner Manufacturing identified the following budgeted data in its two production departments. Manufacturing overhead costs Direct labor hours Machine hours Assembly $1,257,300 12,600 DLH 6,600 MH Finishing $ 660,000 20,600 DLH 16,600 MH Required: What is the company's assembly department overhead rate using direct labor hours? The departmental overhead rate for Assembly Smythe Co. makes furniture. The following data are taken from its production plans for the year. Direct labor costs Hazardous waste disposal costs $5,890,000...
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departments: Machining and Assembly. Total manufacturing overhead
costs for the year are budgeted at $1,100,000. Of this amount, the
Machining Department incurs $680,000 (primarily for machine
operation and depreciation) while the Assembly Department incurs
$420,000. The company estimates that it will incur 10,000 machine
hours (all in the Machining Department) and 22,000 direct labor
hours 8,000 in the Machining Department and 14,000 in the Assembly
Department) during the year.
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