What are the calculations for part B and C?
Homework Answers
| Answer a. | Predetermined Fact O/H Rate | = | $ 4.00 | Per Direct labor hour | ||
| Calculated as | ||||||
| Predetermined Fact O/H Rate | Budget/Estimate/Predict Factory O/H costs | |||||
| Budget/Estimate/Predict Activity | ||||||
| Predetermined Fact O/H Rate for 2020 | $120,000 | |||||
| 30000 | ||||||
| $ 4.00 | Per Direct labor hour | |||||
| Answer b. | Applied Factory O/H | = | $124,000 | |||
| Calculated as | ||||||
| Predetermined Fact O/H Rate | = | $ 4.00 | ||||
| Actual Activity | = | Direct labor hours for Actual production | ||||
| = | 31000 Units | x | 1 direct labor hour per unit | |||
| Predetermined Fact O/H Rate | x | Actual Activity | ||||
| $4 | x | 31000 | ||||
| $124,000 | ||||||
| Answer c. | The product cost per unit for 2020 | = | $ 23 | |||
| Calculated as | ||||||
| Direct Material per Unit | = | $ 9 | Given | |||
| Direct Labor per unit | = | $ 10 | Given | |||
| Applied O/H per unit | = | $ 4 | Calculated above | |||
| Total Production Costs per unit | = | $ 23 | ||||
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