Homework Answers
Solution b:
Direct labor cost related overhead = $4,500 + $9,000 + $23,800 + $108,290 = $145,590
Machine hours related overhead = $1,700 + $27,000 + $19,300 = $48,000
Overhead rate - Direct labor cost related = $145,590 / $115,000 = 126.60%
Overhead rate - Machine hours related = $48,000 / 6000 = $8 per hour
| Computation of Product cost per unit - tiger Furnishing | |||
| Particulars | Basic | Dominator | Total |
| Product Costing: | |||
| Direct material | $19,000.00 | $4,450.00 | $23,450.00 |
| Direct labor | $62,500.00 | $52,500.00 | $115,000.00 |
| Overhead: | |||
| Machine related | $26,400.00 | $21,600.00 | $48,000.00 |
| Labor related | $79,125.00 | $66,465.00 | $145,590.00 |
| Total overhead | $105,525.00 | $88,065.00 | $193,590.00 |
| Total cost | $187,025.00 | $145,015.00 | $332,040.00 |
| Units produced | 1300 | 390 | |
| Unit cost | $143.87 | $371.83 | |
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Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Basic 1,420 3,700 3,400 $11,000 63,000 Dominator 260 2,800 2,800 $ 5,450 57,000 Total 1,680 6,500 6,200 $ 16,450 120,000 203,440 $339,890 Tiger Furnishings's CFO believes that a two-stage cost allocation system would give managers better cost information. She asks...
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow. Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Basic 1,eee 4,500 3,080 $10, eee 64,500 Dominator 250 2,500 2,000 $ 3,750 35,588 Total 1,250 7,000 5,888 $ 13,750 100,000 175,000 $288,750 Tiger Furnishings's CFO believes that a two-stage cost allocation system would give managers better cost information. She...
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total Units produced 1,320 400 1,720 Machine-hours 3,000 3,500 6,500 Direct labor-hours 3,500 3,400 6,900 Direct materials costs $ 10,000 $ 4,750 $ 14,750 Direct labor costs 64,500 35,500 100,000 Manufacturing overhead costs 192,600 Total costs $ 307,350 Tiger Furnishings’s CFO believes that a two-stage cost allocation system would give managers better cost information....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total Units produced 1,140 410 1,550 Machine-hours 3,500 3,000 6,500 Direct labor-hours 3,400 3,100 6,500 Direct materials costs $ 12,000 $ 4,050 $ 16,050 Direct labor costs 62,000 53,000 115,000 Manufacturing overhead costs 204,205 Total costs $ 335,255 Tiger Furnishings’s CFO believes that a two-stage cost allocation system would give managers better cost information....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home
theater components, the Basic and the Dominator. Data on operations
and costs for March follow:
Basic
Dominator
Total
Units produced
1,320
320
1,640
Machine-hours
3,700
2,800
6,500
Direct labor-hours
3,100
2,200
5,300
Direct materials costs
$
16,000
$
4,050
$
20,050
Direct labor costs
63,500
51,500
115,000
Manufacturing overhead costs
199,085
Total costs
$
334,135
Tiger Furnishings’s CFO believes that a two-stage cost
allocation system would give managers better cost information....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total Units produced 1,080 330 1,410 Machine-hours 3,500 3,500 7,000 Direct labor-hours 3,900 3,400 7,300 Direct materials costs $ 10,000 $ 4,050 $ 14,050 Direct labor costs 63,500 56,500 120,000 Manufacturing overhead costs 208,280 Total costs $ 342,330 Tiger Furnishings’s CFO believes that a two-stage cost allocation system would give managers better cost information....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home
theater components, the Basic and the Dominator. Data on operations
and costs for March follow:
Basic
Dominator
Total
Units produced
1,360
260
1,620
Machine-hours
3,700
2,800
6,500
Direct labor-hours
3,100
2,500
5,600
Direct materials costs
$
10,000
$
4,350
$
14,350
Direct labor costs
63,500
51,500
115,000
Manufacturing overhead costs
205,355
Total costs
$
334,705
Tiger Furnishings’s CFO believes that a two-stage cost allocation
system would give managers better cost information....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total Units produced 950 400 1,350 Machine-hours 3,100 2,700 5,800 Direct labor-hours 3,000 2,000 5,000 Direct materials costs $ 8,400 $ 4,100 $ 12,500 Direct labor costs 55,700 33,800 89,500 Manufacturing overhead costs 164,720 Total costs $ 266,720 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses machine-hours to allocate overhead costs....
Please help with the following Tiger Furnishings produces two models of cabinets for home theater components,...
Please help with the
following
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Basic 1,340 3,700 2,400 $19,000 62,500 Dominator 490 2,300 4,000 $5,350 47,500 Total 1,830 6,000 6,400 $ 24,350 110,000 194,470 $328,820 Tiger Furnishings's CFO believes that a two-stage cost allocation system would give managers better...
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Basic Dominator Total 800 350 1,150 4,300 1,500 5,800 2,700 2,600 5,300 $ 9,400 $ 4,100 $ 13,500 65,400 33, 400 98,800 181,260 $ 293,560 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor-hours to allocate...
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Basic 1,420 3,700 3,400 $11,000 63,000 Dominator 260 2,800 2,800 $ 5,450 57,000 Total 1,680 6,500 6,200 $ 16,450 120,000 203,440 $339,890 Tiger Furnishings's CFO believes that a two-stage cost allocation system would give managers better cost information. She asks...
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow. Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Basic 1,eee 4,500 3,080 $10, eee 64,500 Dominator 250 2,500 2,000 $ 3,750 35,588 Total 1,250 7,000 5,888 $ 13,750 100,000 175,000 $288,750 Tiger Furnishings's CFO believes that a two-stage cost allocation system would give managers better cost information. She...
Tiger Furnishings produces two models of cabinets for home
theater components, the Basic and the Dominator. Data on operations
and costs for March follow:
Basic
Dominator
Total
Units produced
1,320
320
1,640
Machine-hours
3,700
2,800
6,500
Direct labor-hours
3,100
2,200
5,300
Direct materials costs
$
16,000
$
4,050
$
20,050
Direct labor costs
63,500
51,500
115,000
Manufacturing overhead costs
199,085
Total costs
$
334,135
Tiger Furnishings’s CFO believes that a two-stage cost
allocation system would give managers better cost information....
Tiger Furnishings produces two models of cabinets for home
theater components, the Basic and the Dominator. Data on operations
and costs for March follow:
Basic
Dominator
Total
Units produced
1,360
260
1,620
Machine-hours
3,700
2,800
6,500
Direct labor-hours
3,100
2,500
5,600
Direct materials costs
$
10,000
$
4,350
$
14,350
Direct labor costs
63,500
51,500
115,000
Manufacturing overhead costs
205,355
Total costs
$
334,705
Tiger Furnishings’s CFO believes that a two-stage cost allocation
system would give managers better cost information....
Please help with the
following
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Basic 1,340 3,700 2,400 $19,000 62,500 Dominator 490 2,300 4,000 $5,350 47,500 Total 1,830 6,000 6,400 $ 24,350 110,000 194,470 $328,820 Tiger Furnishings's CFO believes that a two-stage cost allocation system would give managers better...
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Basic Dominator Total 800 350 1,150 4,300 1,500 5,800 2,700 2,600 5,300 $ 9,400 $ 4,100 $ 13,500 65,400 33, 400 98,800 181,260 $ 293,560 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor-hours to allocate...
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