Please help out with this problem! Thank you in advance, I really appreciate any help that is given!
1) | OH Assigned | |||
Home Model | $ 105,778.46 | (1600 x $ 66.11) | ||
Work Model | $ 66,111.54 | (1000 x $ 66.11) | ||
Total OH cost | $ 171,890 |
Workings:
OH rate = | Overhead / Total Machine Hours |
= | $ 171890 / 2600 |
= | $ 66.11 |
2) | Particulars | Home Model | Work Model | |||
Direct Materials | $ 38.00 | $ 65.00 | ||||
Direct Labor | $ 17.00 | $ 33.00 | ||||
OH cost | $ 144.90 | ($ 105778 / 730) | $ 165.28 | ($ 66112 / 400) | ||
Unit Cost | $ 199.90 | $ 263.28 |
3) | Particulars | Home Model | Work Model | |||
Unit Cost | $ 199.90 | $ 263.28 | ||||
Unit selling price | $ 368.00 | $ 567.00 | ||||
Gross Margin | $ 168.10 | $ 303.72 |
4) | |||||
Setup Costs | $ 77,420.00 | $ 790.00 | ($ 77420 / 98) | ||
Quality Control | $ 55,470.00 | $ 86.00 | ($ 55470 / 645) | ||
Maintenance | $ 39,000.00 | $ 15.00 | ($ 39000 / 2600) | ||
$ 171,890.00 |
5) | To Home | To Work | ||||
Setup Costs | $ 33,970.00 | ($ 790 x 43) | $ 43,450.00 | ($ 790 x 55) | ||
Quality Control | $ 27,520.00 | ($ 86 x 320) | $ 27,950.00 | ($ 86 x 325) | ||
Maintenance | $ 24,000.00 | ($ 15 x 1600) | $ 15,000.00 | ($ 15 x 1000) | ||
$ 85,490.00 | $ 86,400.00 |
6) | Particulars | Home Model | Work Model | |||
Direct Materials | $ 38.00 | $ 65.00 | ||||
Direct Labor | $ 17.00 | $ 33.00 | ||||
OH cost | $ 117.11 | ($ 85490 / 730) | $ 216.00 | ($ 86400 / 400) | ||
Unit Cost | $ 172.11 | $ 314.00 |
7) | Particulars | Home Model | Work Model | ||
Unit Cost | $ 172.11 | $ 314.00 | |||
Unit selling price | $ 368.00 | $ 567.00 | |||
Gross Margin | $ 195.89 | $ 253.00 |
Just let me know if you find anything incorrect
Please help out with this problem! Thank you in advance, I really appreciate any help that...
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