Homework Answers
rate positively ..
| Fringe overhead rate | 51900/(65000+108000+173000) | ||||
| 0.15 | of direct labor | ||||
| Indirect material OH rate | 30590/(99000+147000+191000) | ||||
| 0.07 | of direct material | ||||
| Ans 1 | Fringe benefit | ||||
| Home | Allocation rate | Weight of base | Allocation cost | ||
| 1 | 0.15 | 65000 | 9,750 | ||
| 2 | 0.15 | 108000 | 16,200 | ||
| 3 | 0.15 | 173000 | 25,950 | ||
| Total | 51,900 | ||||
| Ans 2 | Material | ||||
| Home | Allocation rate | Weight of base | Allocation cost | ||
| 1 | 0.07 | 99000 | 6,930 | ||
| 2 | 0.07 | 147000 | 10,290 | ||
| 3 | 0.07 | 191000 | 13,370 | ||
| Total | 30,590 | ||||
| Ans 3 | |||||
| Expected cost | Home 1 | Home 2 | Home 3 | Total | |
| Direct labor | 65000 | 108000 | 173000 | 346000 | |
| Direct material | 99000 | 147000 | 191000 | 437000 | |
| Fringe benefit | 9,750 | 16,200 | 25,950 | 51900 | |
| Indirect material | 6,930 | 10,290 | 13,370 | 30590 | |
| Total cost | 180680 | 281490 | 403320 | 865490 |
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