Homework Answers
a1) Plantwide factory overhead rate = 650000/40000 = 16.25 per machine hour
a2) Departmental overhead rate
Assembly department = 310000/20000 = 15.50 per machine hour
Finishing department = 340000/20000 = 17 per machine hour
b1) Factory overhead cost per unit under single plantwide rate
| Product A | Product B | |
| Overhead | 22100*16.25 = 359125 | 17900*16.25 = 290875 |
| Unit | 10000 | 20000 |
| Overhead cost per unit | 35.91 | 14.54 |
b2) Factory overhead cost per unit under departmental rate
| Product A | Product B | |
| Assembly | 14100*15.50 = 218550 | 5900*15.50 = 91450 |
| Finishing | 8000*17 = 136000 | 12000*17 = 204000 |
| Total | 354550 | 295450 |
| Unit | 10000 | 20000 |
| Overhead cost per unit | 35.46 | 14.77 |
Add Answer to:
need help
2. Condelezza Co. manufactures two products, A and B, in two production departments, Assembly...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication and Assembly. Management needs accurate product cost information in order to guide product strategy. Presently, the company uses a single plantwide factory overhead rate for allocating factory overhead to the two products. However, management is considering the multiple production department factory overhead rate method. The following factory overhead was budgeted for Firebolt: 1. Fabrication Department factory overhead $571,200.00 2. Assembly Department factory overhead 253,000.00...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication and Assembly. Management needs accurate product cost information in order to guide product strategy. Presently, the company uses a single plantvide factory overhead rate for allocating factory overhead to the two products. However, management is considering the multiple production department factory overhead rate method. The following factory overhead was budgeted for Firebolt Fabrication Department factory overhead $557,750.00 Assembly Department factory overhead 257,550.00 Total $815,300.00...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments,...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication and Assembly. Management needs accurate product cost information in order to guide product strategy. Presently, the company uses a single plantwide factory overhead rate for allocating factory overhead to the two products. However, management is considering the multiple production department factory overhead rate method. The following factory overhead was budgeted for Firebolt: 1 Fabrication Department factory overhead $636,650.00 2 Assembly Department factory overhead 243,000.00...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication and Assembly. Management needs accurate product cost information in order to guide product strategy. Presently, the company uses a single plantwide factory overhead rate for allocating factory overhead to the two products. However, management is considering the multiple production department factory overhead rate method. The following factory overhead was budgeted for Firebolt: 1 Fabrication Department factory overhead $557,750.00 2 Assembly Department factory overhead 257,550.00...
Chrom Co. manufactures two models, the XL and RD. It also has two departments, assembly and...
Chrom Co. manufactures two models, the XL and RD. It also has two departments, assembly and finishing. The company wants to assign overhead costs to its two different models to better understand the profitability of each model. The Tableau Dashboard provides data for our analysis. DATA FOR GRAPHS: 1) Est. Overhead costs by Department a) Finishing: $3,000,000 b) assembly: $5,000,000 2)Estimated Direct Labor Hours & Machine Hours by Department a) Direct labor hours: Finishing=25,000 hr , Assembly=100,000 hr b) Machine...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication and Assembly. Management needs accurate product cost information in order to guide product strategy. Presently, the company uses a single plantwide factory overhead rate for allocating factory overhead to the two products. However, management is considering the multiple production department factory overhead rate method. The following factory overhead was budgeted for Firebolt: 1 Fabrication Department factory overhead $614,800.00 2 Assembly Department factory overhead 246,750.00...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication and Assembly. Management needs accurate product cost information in order to guide product strategy. Presently, the company uses a single plantwide factory overhead rate for allocating factory overhead to the two products. However, management is considering the multiple production department factory overhead rate method. The following factory overhead was budgeted for Firebolt: 1 Fabrication Department factory overhead $636,650.00 2 Assembly Department factory overhead 243,000.00...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication and Assembly. Management needs accurate product cost information in order to guide product strategy. Presently, the company uses a single plantwide factory overhead rate for allocating factory overhead to the two products. However, management is considering the multiple production department factory overhead rate method. The following factory overhead was budgeted for Firebolt: 1 Fabrication Department factory overhead $577,200.00 2 Assembly Department factory overhead 235,200.00...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication and Assembly. Management needs accurate product cost information in order to guide product strategy. Presently, the company uses a single plantwide factory overhead rate for allocating factory overhead to the two products. However, management is considering the multiple production department factory overhead rate method. The following factory overhead was budgeted for Firebolt: 1 Fabrication Department factory overhead $614,800.00 2 Assembly Department factory overhead 246,750.00...
The Sendai Co., Ltd., of Japan has budgeted costs in its various departments as follows for...
The Sendai Co., Ltd., of Japan has budgeted costs in its various departments as follows for the coming year: Factory Administration Custodial Services $ 640,680 103,274 Personnel 31,056 148,590 1,391,860 510,140 Maintenance Machining-overhead Assembly-overhead Total cost $2,825,600 The company allocates service department costs to other departments in the order listed below. Square Feet of Direct Total Number of Labor- Space Labor- Machine- Bours Department Employees Hours Occupied Hours 32 13 Factory Administration Custodial Services Personnel 5,700 3,600 8,100 52,900 14,100...
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication and Assembly. Management needs accurate product cost information in order to guide product strategy. Presently, the company uses a single plantvide factory overhead rate for allocating factory overhead to the two products. However, management is considering the multiple production department factory overhead rate method. The following factory overhead was budgeted for Firebolt Fabrication Department factory overhead $557,750.00 Assembly Department factory overhead 257,550.00 Total $815,300.00...
The Sendai Co., Ltd., of Japan has budgeted costs in its various departments as follows for the coming year: Factory Administration Custodial Services $ 640,680 103,274 Personnel 31,056 148,590 1,391,860 510,140 Maintenance Machining-overhead Assembly-overhead Total cost $2,825,600 The company allocates service department costs to other departments in the order listed below. Square Feet of Direct Total Number of Labor- Space Labor- Machine- Bours Department Employees Hours Occupied Hours 32 13 Factory Administration Custodial Services Personnel 5,700 3,600 8,100 52,900 14,100...
Most questions answered within 3 hours.
-
The correct answer will be upvoted with positive feedback,
giving me incorrect answers will result in...
asked 19 minutes ago -
Question:
Evaluation: Answer both (a) and (b): (a) Looking at
Table 6.1 in our text, explain...
asked 28 minutes ago -
What is the maximum number of edges that a graph on 7 vertices can
have if...
asked 50 minutes ago -
Question 05
(a) i) What are the three type of general defects in welding?
ii) Explain...
asked 35 minutes ago -
If the wage rate increases from $12 to $16 and, as a result, the
quantity demanded...
asked 40 minutes ago -
the slime layer external to the prokaryotic cell wall is called
the ?
asked 49 minutes ago -
Cheyenne Company must decide whether to make or buy some of its
components. The costs of...
asked 51 minutes ago -
What is the entropy change for mixing 1 liter of a monoatomic
ideal gas (call it...
asked 49 minutes ago -
A company that has 150 employees chooses a committee of 11 to
represent employee retirement issues....
asked 1 hour ago -
the
force between two 2.11 x 10^-4 C charges that are 2.11 meters apart
is ______N?
asked 1 hour ago -
A truck of mass m slows from speed v0 to speed v in a
time t....
asked 1 hour ago -
A 60kg box rests on a floor with a coefficient of kinetic
friction of 0.600 and...
asked 1 hour ago