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. Compute the overhead cost per unit for each product using a plantwide, unit-based rate using direct labor hours. Round your calculations and answers to the nearest cent. 1.51✔ per direct labor hour Plantwide rate Overhead cost per unit: Scientific Business per unit 2.12 2.12 ✓ per unit . Compute the overhead cost per unit for each product using departmental rates. In calculating departmental rates, use machine hours for Department 1 and direct labor hours for Department 2. Round departmental rates and the overhead cos earest cent if rounding is required. Departmental rates: Department 1 Department 2 Overhead cost per unit: Scientific Business 2.34 per machine hour ✔ 0.85 ✓ per direct labor hour 1.07 ✓ per unit X per unit

. Compute the overhead cost per unit for each product using a plantwide, unit-based rate using direct labor hours. Round your calculations and answers to the nearest cent. 1.51✔ per direct labor hour Plantwide rate Overhead cost per unit: Scientific Business per unit 2.12 2.12 ✓ per unit . Compute the overhead cost per unit for each product using departmental rates. In calculating departmental rates, use machine hours for Department 1 and direct labor hours for Department 2. Round departmental rates and the overhead cos earest cent if rounding is required. Departmental rates: Department 1 Department 2 Overhead cost per unit: Scientific Business 2.34 per machine hour ✔ 0.85 ✓ per direct labor hour 1.07 ✓ per unit X per unit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required: 1. Compute the overhead cost per unit for each product using a plantwide, unit-based rate using direct labor hours. Round your calculations and answers to the nearest cent. Plantwide rate 1.51✔ per direct labor hour Overhead cost per unit: Scientific 2.12 ✓ per unit 2.12 ✓ per unit 2. Compute the overhead cost per unit for each product using departmental rates. In calculating departmental rates, use machine hours for Department 1 and direct labor hours for Department 2. Round departmental rates and the overhead cost per unit t the nearest cent if rounding is required. Business Departmental rates: Department 1 Department 2 Overhead cost per unit: Scientific Business $ 1.07✔ per unit X per unit Repeat using direct labor hours for Department 1 and machine hours for Department 2. Round departmental rates and the overhead cost per unit to the nearest cent if rounding is required. Departmental rates: Department 1 Department 2 Overhead cost per unit: Scientific Business 2.34 ✔ per machine hour 0.85 ✓ per direct labor hour Scientific Business 4.79 ✓ per direct labor hour 5.68 ✔ per machine hour X per unit per unit 3. Compute the overhead cost per unit for each product using activity-based costing. Round your calculations and answers to the nearest cent. Overhead Cost per unit per unit
Transcribed Image Text:Required: 1. Compute the overhead cost per unit for each product using a plantwide, unit-based rate using direct labor hours. Round your calculations and answers to the nearest cent. Plantwide rate 1.51✔ per direct labor hour Overhead cost per unit: Scientific 2.12 ✓ per unit 2.12 ✓ per unit 2. Compute the overhead cost per unit for each product using departmental rates. In calculating departmental rates, use machine hours for Department 1 and direct labor hours for Department 2. Round departmental rates and the overhead cost per unit t the nearest cent if rounding is required. Business Departmental rates: Department 1 Department 2 Overhead cost per unit: Scientific Business $ 1.07✔ per unit X per unit Repeat using direct labor hours for Department 1 and machine hours for Department 2. Round departmental rates and the overhead cost per unit to the nearest cent if rounding is required. Departmental rates: Department 1 Department 2 Overhead cost per unit: Scientific Business 2.34 ✔ per machine hour 0.85 ✓ per direct labor hour Scientific Business 4.79 ✓ per direct labor hour 5.68 ✔ per machine hour X per unit per unit 3. Compute the overhead cost per unit for each product using activity-based costing. Round your calculations and answers to the nearest cent. Overhead Cost per unit per unit
Escuha Company produces two type Units produced per year Prime costs Direct labor hours Machine hours Production runs Inspection hours Maintenance hours Direct labor hours: Scientific calculator Business calculator Total Machine hours: Scientific calculator Business calculator Total Overhead costs: Setup costs Inspection costs Power Maintenance Total calculators: scientific and business. Both products pass through two producing departments. The business calculator is by far the most popular. The following data have been gathered for these two products: Product-Related Data Business Scientific 72,000 $253,000 101,300 47,400 100 2,000 2,250 Department Data Department 1 Department 2 75,200 111,430 186,630 23,300 358,820 382,120 720,000 $2,530,000 1,013,000 474,000 $227,500 190,000 268,000 209,000 $894,500 150 3,000 9,000 26,100 901,570 927,670 24,100 115,180 139,280 $227,500 190,000 155,000 218,500 $791,000
Transcribed Image Text:Escuha Company produces two type Units produced per year Prime costs Direct labor hours Machine hours Production runs Inspection hours Maintenance hours Direct labor hours: Scientific calculator Business calculator Total Machine hours: Scientific calculator Business calculator Total Overhead costs: Setup costs Inspection costs Power Maintenance Total calculators: scientific and business. Both products pass through two producing departments. The business calculator is by far the most popular. The following data have been gathered for these two products: Product-Related Data Business Scientific 72,000 $253,000 101,300 47,400 100 2,000 2,250 Department Data Department 1 Department 2 75,200 111,430 186,630 23,300 358,820 382,120 720,000 $2,530,000 1,013,000 474,000 $227,500 190,000 268,000 209,000 $894,500 150 3,000 9,000 26,100 901,570 927,670 24,100 115,180 139,280 $227,500 190,000 155,000 218,500 $791,000
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