Question

Response Questions Part A ToB A) Fill out 2 boxes for Total job cost (per unit) and Gross profit (per unit) below More Info * More Info - X Lounge Lizard allocates manufacturing overhead at a rate of $11 per direct labor hour. Lumber: 48 units at $4 per unit Padding: 13 yards at $18 per yard Upholstery fabric: 31 yards at $29 per yard Holly Pulsifer: 14 hours at $10 per hour Elizabeth Dickerson: 19 hours at $22 per hour Print Done Print Done Requirement 2. Job 310 consists of eight recliners. If each recliner sells for $825, what is the gross profit per recliner? Identify the formula and then compute the gross profit. (Round your answers to the nearest whole number.) - Total job cost (per unit) = Gross profit (per unit) Sales price (per unit) 825 $ B) Fill out 2 boxes for Estimated direct labor hours AND Predetermined manufacturing over head rate below Edmonton Pools manufactures swimming pool equipment. Edmonton estimates total manufacturing overhead costs next year to be $1,400,000. Edmonton also estimates it will use 50,000 direct labor hours and incur $1,000,000 of direct labor cost next year. In addition, the machines are expected to be run for 40,000 hours. Compute the predetermined manufacturing overhead rate for next year under the following independent situations: 1. Assume that the company uses direct labor hours as its manufacturing overhead allocation base. 2. Assume that the company uses direct labor cost as its manufacturing overhead allocation base. 3. Assume that the company uses machine hours as its manufacturing overhead allocation base. Identify the formula and compute the predetermined manufacturing overhead rate for next year using direct labor hours as the manufacturing overhead allocation base. Predetermined manufacturing Estimated direct labor hours overhead rate Estimated manufacturing overhead costs / 1,400,000 per DL hour

Answer 1

Part B
Estimated manufacturing overhead cost /	Estimated direct labor hours =	Predermined manufacturing overhead rate
$                                           14,00,000.00	50,000	$                                      28.00	per direct labor hours
Estimated manufacturing overhead cost /	Estimated direct labor cost =	Predermined manufacturing overhead rate
$                                           14,00,000.00	$                      10,00,000.00	$                                        1.40	per $ labor cost
Estimated manufacturing overhead cost /	Estimated direct labor cost =	Predermined manufacturing overhead rate
$                                           14,00,000.00	40,000	$                                      35.00	per machine hours
As for Part A I think that there are some parts missing like requirement 1 for the question.Kindly upload that then only part a can be soldved