Lake Erie Company uses a plantwide overhead rate with machine hours as the allocation base. Next...
Lake Erie Company uses a plantwide overhead rate with machine hours as the allocation base. Next year, 600,000 units are expected to be produced taking .75 machine hours each. How much overhead will be assigned to each unit produced given the following estimated amounts?
Estimated: Department 1 Department 2 Manufacturing overhead costs $3,107,500 $1,520,000
Direct labor hours 150,000 DLH 250,000
DLH Machine hours 250,000 MH 175,000 MH $11.57 per unit $8.17 per unit $5.61 per unit $12.43 per unit $10.89 per unit
Homework Answers
TOTAL UNITS TO BE PRODUCED IN AVAILABLE HOURS
... AVAILABLE HOURS 250000+175000 = 425000 MH
UNIT TO BE PRODUCED IN AVAILABLE HOURS 425000/.75= 566666
COST PER UNIT (3107500+1520000)/ 566666 = 8.17 PER UNIT
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Lake Erie Company uses a plantwide overhead rate with machine
hours as the allocation base. Next...
Lake Erie company uses a plant wide overhead rate with machine hours as the allocation ba...
Lake Erie company uses a plant wide overhead rate with machine
hours as the allocation ba
Lake Erie Company uses a plantwide overhead rate with machine hours as the allocation base. Next year, 720,000 units are expected to be produced taking 0.75 machine hours each. How much overhead will be assigned to each unit produced given the following estimated amounts? Department 2 $1,556,000 Estimated: Manufacturing overhead costs Direct labor hours Machine hours Department $3,131,500 162, 000 DLH 262,000 MH 262,000...
Lake Erie Company uses a plant wide overhead rate with machine hours as the allocation base....
Lake Erie Company uses a plant wide overhead rate with machine hours as the allocation base. Next year, 760,000 units are expected to be produced taking 0.80 machine hours each. How much overhead will be assigned to each unit produced given the following estimated amounts? Estimated: Department 1 Department 2 Manufacturing overhead costs $ 3,139,500 $ 1,568,000 Direct labor hours 166,000 DLH 266,000 DLH Machine hours 266,000 MH 191,000 MH
Western Company allocates $10.00 overhead to products based on the number of machine hours used. The...
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Exercise 17-6 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 25,000 desk lamps produced annually follows. $265,000 Direct materials Direct labor Fabricating department (9,000 DLH * $28 per DLH) Assembly department (15,400 DLH * $23 per...
Peterson Company estimates that overhead costs for the next year will be $3,500,000 for indirect labor...
Peterson Company estimates that overhead costs for the next year will be $3,500,000 for indirect labor and $940,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 100,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? (Round your answer to two decimal places.) The following data relates to Spurrier Company's estimated amounts for next year. Estimated: Manufacturing overhead costs Direct labor hours Machine hours Department 1 $1,280, eee...
Exercise 17-6 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2...
Exercise 17-6 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 27,000 desk lamps produced annually follows. $275,000 Direct materials Direct labor Fabricating department (6,500 DLH * $28 per DLH) Assembly department (16,480 DLH * $22 per...
Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as...
Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $15 per hour. During the year, the company started and completed only two jobs—Job Alpha, which used 54,500 direct labor-hours, and Job Omega. The job cost sheets for the these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost 2 ? $1,533,500 Job Omega Direct materials Direct...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department Information related to the 33.000 desk lamps produced annually follows. $275,000 Direct materials Direct labor Fabricating department (6.000 DLH X $27 per DLH) Assembly department (16,200 DLH X 529 per...
3. Use the following information from Mindy Co. for the current year: Direct material used Direct...
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Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 26,000 desk lamps produced annually follows. $270,000 Direct materials Direct labor Fabricating department (6,500 DLH $29 per DLR) Assembly department (15,600 DL $28 per DLH) Machine...
Lake Erie company uses a plant wide overhead rate with machine
hours as the allocation ba
Lake Erie Company uses a plantwide overhead rate with machine hours as the allocation base. Next year, 720,000 units are expected to be produced taking 0.75 machine hours each. How much overhead will be assigned to each unit produced given the following estimated amounts? Department 2 $1,556,000 Estimated: Manufacturing overhead costs Direct labor hours Machine hours Department $3,131,500 162, 000 DLH 262,000 MH 262,000...
Exercise 17-6 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 25,000 desk lamps produced annually follows. $265,000 Direct materials Direct labor Fabricating department (9,000 DLH * $28 per DLH) Assembly department (15,400 DLH * $23 per...
Peterson Company estimates that overhead costs for the next year will be $3,500,000 for indirect labor and $940,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 100,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? (Round your answer to two decimal places.) The following data relates to Spurrier Company's estimated amounts for next year. Estimated: Manufacturing overhead costs Direct labor hours Machine hours Department 1 $1,280, eee...
Exercise 17-6 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 27,000 desk lamps produced annually follows. $275,000 Direct materials Direct labor Fabricating department (6,500 DLH * $28 per DLH) Assembly department (16,480 DLH * $22 per...
Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $15 per hour. During the year, the company started and completed only two jobs—Job Alpha, which used 54,500 direct labor-hours, and Job Omega. The job cost sheets for the these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost 2 ? $1,533,500 Job Omega Direct materials Direct...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department Information related to the 33.000 desk lamps produced annually follows. $275,000 Direct materials Direct labor Fabricating department (6.000 DLH X $27 per DLH) Assembly department (16,200 DLH X 529 per...
3. Use the following information from Mindy Co. for the current year: Direct material used Direct Labor Total Factory overhead Beginning goods in process Ending goods in process $ 14,000 12,500 8,800 4,300 5,200 Mindy Co.'s cost of goods manufactured for the current year is: $ Show Working 4. Case Company allocates $5.00 overhead to each unit produced. The company uses a plantwide overhead rate with machine hours as the allocation base. Given the amounts below, how many machine hours...
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 26,000 desk lamps produced annually follows. $270,000 Direct materials Direct labor Fabricating department (6,500 DLH $29 per DLR) Assembly department (15,600 DL $28 per DLH) Machine...
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