Homework Answers
Direct labor hours for car wheels = Estimated wheel produced * Direct labor hour per wheel
= 40,000 * 1
= 40,000 hours
Direct labor hours for Truck wheels = Estimated wheel produced * Direct labor hour per wheel
= 9,000 * 3
= 27,000 hours
Total direct labor hours = 40,000 + 27,000
= 67,000 hours
Overhead rate = Total estimated overhead costs / Total direct labor hours
= $777,200 / 67,000 hours
= $11.60 per direct labor hour
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Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead...
a2 upport Altex Inc, manufactures two products: car wheels and truck wheels. To determine the amount...
a2
upport Altex Inc, manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information Car Truck Estimated wheels produced 40,000 9,000 Direct labor hours per wheel 1 3 Total estimated overhead costs for the two product lines are $777,200. (a1) ✓ Your answer is correct. Calculate overhead rate. (Round answer to 2 decimal places, .g. 12.25.) Overhead rate $ 116 per...
Exercise 4-4-1-a2, b-c (Video) Altex Inc, manufactures two products: car wheels and truck wheels. To determine...
Exercise 4-4-1-a2, b-c (Video) Altex Inc, manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following Information Estimated wheels produced Direct labor hours per wheel Car Truck 36,000 11,000 1 3 Total estimated overhead costs for the two product lines are $731,400 Calculate overhead rate. (Round answer to 2 decimal places,.. 12.25.) Overhead rate per direct labor hour $ Compute the overhead...
Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead...
Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. Car Truck Estimated wheels produced Direct labor hours per wheel 39,000 11,000 1 3 Total estimated overhead costs for the two product lines are $835,200. ✓ Your answer is correct. Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rate $ 11.60 per direct labor hour...
E17-4 Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of...
E17-4 Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. CarTruckEstimated wheels produced40,00010,000Direct labor hours per wheel 13Total estimated overhead costs for the two product lines are $770,000. Instructions (a) Compute the overhead cost assigned to the car wheels and truck wheels, assuming that direct labor hours is used to allocate overhead costs. (b) Hermann is not satisfied with the traditional method of...
Question 12 Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount...
Question 12 Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. Car Estimated wheels produced 36,000 Truck 11,000 3 Direct labor hours per wheel 1 Total estimated overhead costs for the two product lines are $731,400. (a1) Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rates per direct labor hour Question 11 EcoFabrics has...
E17.4 (LU 1, 2) Altex Inc. manufactures two products: car wheels and truck wheels. lo determine...
E17.4 (LU 1, 2) Altex Inc. manufactures two products: car wheels and truck wheels. lo determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. Assign overhead using traditional costing and ABC. Excel Car Truck Estimated wheels produced 40,000 10,000 Direct labor hours per wheel Total estimated overhead costs for the two product lines are $770,000. Instructions a. Compute the overhead cost assigned to the car wheels and truck wheels,...
Compute the cost that is assigned to the car wheels and truck wheels product lines using...
Compute the cost that is assigned to the car wheels and truck wheels product lines using an activity-based costing system, given the following information. Estimated Use of Cost Drivers per Product Car Truck Number of setups Direct labor hours 200 40,000 100 800 27,000 1.100 Number of inspections Car Wheels Truck Wheels Setting up machines $ Assembling Inspection Total cost assigned Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to...
Exercise 17-4 Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount...
Exercise 17-4 Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the information controller, Robert Hermann, has developed the following Car Truck Estimated wheels produced Direct labor hours per wheel 35,500 15,000 Total estimated overhead costs for the two product lines are $825,000 Calculate overhead rate. (Round answer to 2 decimal places, e-g. 12.25.) Overhead rate per direct labor hour Compute the overhead cost assigned to the...
please solve in excel/table format. thank you. E17.4 Altex Inc, manufactures two products: car wheels and...
please solve in excel/table format. thank you.
E17.4 Altex Inc, manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann. has developed the following information. Car 40,000 Truck 10,000 Estimated wheels produced Direct labor hours per wheel Total estimated overhead costs for the two product lines are $770,000. Instructions (a) Compute the overhead cost assigned to the car wheels and truck wheels, assuming that direct labor...
Question 5 --/1 View Policies Current Attempt in Progress Altex Inc. manufactures two products: car wheels...
Question 5 --/1 View Policies Current Attempt in Progress Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. Car Truck Estimated wheels produced Direct labor hours per wheel 40,000 10,000 1 3 Total estimated overhead costs for the two product lines are $742,000. Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rate $ per...
a2
upport Altex Inc, manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information Car Truck Estimated wheels produced 40,000 9,000 Direct labor hours per wheel 1 3 Total estimated overhead costs for the two product lines are $777,200. (a1) ✓ Your answer is correct. Calculate overhead rate. (Round answer to 2 decimal places, .g. 12.25.) Overhead rate $ 116 per...
Exercise 4-4-1-a2, b-c (Video) Altex Inc, manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following Information Estimated wheels produced Direct labor hours per wheel Car Truck 36,000 11,000 1 3 Total estimated overhead costs for the two product lines are $731,400 Calculate overhead rate. (Round answer to 2 decimal places,.. 12.25.) Overhead rate per direct labor hour $ Compute the overhead...
Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. Car Truck Estimated wheels produced Direct labor hours per wheel 39,000 11,000 1 3 Total estimated overhead costs for the two product lines are $835,200. ✓ Your answer is correct. Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rate $ 11.60 per direct labor hour...
Question 12 Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. Car Estimated wheels produced 36,000 Truck 11,000 3 Direct labor hours per wheel 1 Total estimated overhead costs for the two product lines are $731,400. (a1) Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rates per direct labor hour Question 11 EcoFabrics has...
E17.4 (LU 1, 2) Altex Inc. manufactures two products: car wheels and truck wheels. lo determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. Assign overhead using traditional costing and ABC. Excel Car Truck Estimated wheels produced 40,000 10,000 Direct labor hours per wheel Total estimated overhead costs for the two product lines are $770,000. Instructions a. Compute the overhead cost assigned to the car wheels and truck wheels,...
Compute the cost that is assigned to the car wheels and truck wheels product lines using an activity-based costing system, given the following information. Estimated Use of Cost Drivers per Product Car Truck Number of setups Direct labor hours 200 40,000 100 800 27,000 1.100 Number of inspections Car Wheels Truck Wheels Setting up machines $ Assembling Inspection Total cost assigned Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to...
Exercise 17-4 Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the information controller, Robert Hermann, has developed the following Car Truck Estimated wheels produced Direct labor hours per wheel 35,500 15,000 Total estimated overhead costs for the two product lines are $825,000 Calculate overhead rate. (Round answer to 2 decimal places, e-g. 12.25.) Overhead rate per direct labor hour Compute the overhead cost assigned to the...
please solve in excel/table format. thank you.
E17.4 Altex Inc, manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann. has developed the following information. Car 40,000 Truck 10,000 Estimated wheels produced Direct labor hours per wheel Total estimated overhead costs for the two product lines are $770,000. Instructions (a) Compute the overhead cost assigned to the car wheels and truck wheels, assuming that direct labor...
Question 5 --/1 View Policies Current Attempt in Progress Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. Car Truck Estimated wheels produced Direct labor hours per wheel 40,000 10,000 1 3 Total estimated overhead costs for the two product lines are $742,000. Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rate $ per...
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