Perez Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Perez expects to...
Perez Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Perez expects to incur $630,000 of overhead cost during the next fiscal year. Other budget information follows:
| Vogue | Beauty | Glamour | Total | ||||||
| Direct labor hours | 4,000 | 6,000 | 4,000 | 14,000 | |||||
| Machine hours | 1,500 | 1,400 | 1,600 | 4,500 | |||||
Required
-
Use direct labor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product.
-
Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product.
Homework Answers
a. Overhead Rate per direct labor hour = $630000 / 14000 =
$45
| Vogue | Beauty | Glamour | Total | ||
| a | Direct Labor Hours | 4000 | 6000 | 4000 | 14000 |
| b | Overhead Cost (ax45) | $ 1,80,000.00 | $ 2,70,000.00 | $ 1,80,000.00 | $ 6,30,000.00 |
b. Overhead Rate per Machine hour =$630000 / 4500 =
$140
| Vogue | Beauty | Glamour | Total | ||
| a | Machine Hour | 1500 | 1400 | 1600 | 4500 |
| b | Overhead Cost (ax140) | $ 2,10,000.00 | $ 1,96,000.00 | $ 2,24,000.00 | $ 6,30,000.00 |
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