Question

Trundle Inc. makes two styles of trophies, basic and deluxe, and operates at capacity. Trundle does large custom orders. Trundle budgets to produce 10,000 basic trophies and 5,000 deluxe trophies. Manufacturing takes place in two production departments: forming and assembly. In the forming department, indirect manufacturing costs are accumulated in two cost pools, set up and general overhead. In the assembly department, all indirect manufacturing costs are accumulated in one general overhead cost pool. The basic trophies are formed in batches of 200 but because of the more intricate detail of the deluxe trophies, they are formed in batches of 50. (Click the icon to view budgeted information.) Read the requirements.

Answer 1

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Trundle Inc.
Answer 1
Calculation of single plant wide OH Rate	Forming	Assembly	Total	Note
Direct Labor costs	49,000.00	35,000.00	84,000.00	A
Overhead costs
Set Up	35,280.00	-	35,280.00	B
General Overhead	23,520.00	56,000.00	79,520.00	C
Total Overhead costs			114,800.00	D=B+C
Predetermined OH Rate			1.37	E=D/A
Overhead applied to Basic	Forming	Assembly	Total	Note
Direct Labor costs	31,500.00	15,500.00	47,000.00	F
Predetermined OH Rate			1.37	See E
Overhead applied to Basic			64,233.33	G=F*E
Overhead applied to Deluxe	Forming	Assembly	Total
Direct Labor costs	17,500.00	19,500.00	37,000.00	H
Predetermined OH Rate			1.37	See E
Overhead applied to Deluxe			50,566.67	I=H*E
Manufacturing cost- Basic	Forming	Assembly	Total	Note
Direct materials	27,500.00	5,000.00	32,500.00
Direct Labor	31,500.00	15,500.00	47,000.00
Overhead applied			64,233.33	See G
Manufacturing cost- Basic	59,000.00	20,500.00	143,733.33	J
Units produced			10,000.00	K
Budgeted cost per unit			14.37	L=J/K
Manufacturing cost- Deluxe	Forming	Assembly	Total	Note
Direct materials	22,550.00	4,450.00	27,000.00
Direct Labor	17,500.00	19,500.00	37,000.00
Overhead applied			50,566.67	See I
Manufacturing cost- Deluxe	40,050.00	23,950.00	114,566.67	M
Units produced			5,000.00	N
Budgeted cost per unit			22.91	O=M/N
Answer 2
Calculation of department wise OH Rate- Forming	Basic	Deluxe	Total	Note
Direct Labor costs	31,500.00	17,500.00	49,000.00	P
Overhead costs
Set Up	35,280.00		35,280.00
General Overhead	23,520.00		23,520.00
Total Overhead costs			58,800.00	Q
Predetermined OH Rate			1.20	R=Q/P
Calculation of department wise OH Rate- Assembly	Basic	Deluxe	Total	Note
Direct Labor costs	15,500.00	19,500.00	35,000.00	S
Overhead costs
General Overhead	56,000.00		56,000.00
Total Overhead costs			56,000.00	T
Predetermined OH Rate			1.60	U=T/S
Overhead applied to Basic	Forming	Assembly	Total	Note
Direct Labor costs	31,500.00	15,500.00	47,000.00	See F
Predetermined OH Rate	1.20	1.60		See R,T
Overhead applied to Basic	37,800.00	24,800.00	62,600.00	V=F*R,T
Overhead applied to Deluxe	Forming	Assembly	Total
Direct Labor costs	17,500.00	19,500.00	37,000.00	See H
Predetermined OH Rate	1.20	1.60		See R,T
Overhead applied to Deluxe	21,000.00	31,200.00	52,200.00	W=H*R,T
Manufacturing cost- Basic	Forming	Assembly	Total	Note
Direct materials	27,500.00	5,000.00	32,500.00
Direct Labor	31,500.00	15,500.00	47,000.00
Overhead applied	37,800.00	24,800.00	62,600.00	See V
Manufacturing cost- Basic	96,800.00	45,300.00	142,100.00	W
Units produced			10,000.00	See K
Budgeted cost per unit			14.21	X=W/K
Manufacturing cost- Deluxe	Forming	Assembly	Total	Note
Direct materials	22,550.00	4,450.00	27,000.00
Direct Labor	17,500.00	19,500.00	37,000.00
Overhead applied	21,000.00	31,200.00	52,200.00	See W
Manufacturing cost- Deluxe	61,050.00	55,150.00	116,200.00	Y
Units produced			5,000.00	See N
Budgeted cost per unit			23.24	Z=Y/N