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1. Determine the plantwide overhead rate using 200,000 direct labor hours as the allocation base. 2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the Fabricating department and direct labor h Assembly department. 4. Determine the overhead cost per unit for the desk lamp using the departmental overhead rates. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the overhead cost per unit for the desk lamp using the departmental overhead rates. (Round your intermedia final answers to 2 decimal places.) Department Fabricating Assembly Total $ $ Departmental Overhead Rate 3.75 per unit 2.00 per unit Hours per Unit 3.00 2.00 $ Overhead Cost per Unit 11.25 per unit 3.20 per unit 14.45 per unit

1. Determine the plantwide overhead rate using 200,000 direct labor hours as the allocation base. 2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the Fabricating department and direct labor h Assembly department. 4. Determine the overhead cost per unit for the desk lamp using the departmental overhead rates. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the overhead cost per unit for the desk lamp using the departmental overhead rates. (Round your intermedia final answers to 2 decimal places.) Department Fabricating Assembly Total $ $ Departmental Overhead Rate 3.75 per unit 2.00 per unit Hours per Unit 3.00 2.00 $ Overhead Cost per Unit 11.25 per unit 3.20 per unit 14.45 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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Exercise 17-9 (Static) Allocating overhead using plantwide rate and departmental rates LO P1, P2 Laval produces lighting fixtures, Budgeted information for its two production departments follows. The departments use machine hours (MH) and direct labor hours (DLH). Overhead cost Direct labor hours Machine hours Desk lamp Fabricating $ 300,000 75,000 DLH 80,000 MH 125,000 DLH 62,500 MH Laval reports the following for one of its products, a desk lamp. Fabricating Department. Number of Direct Labor Hours Units per Unit 4,000 4 DLB per unit Assembly $ 200,000 Machine Hours per Unit 3 MH per unit Desk lamp Assembly Department Direct Labor Hours Machine Hours per per Unit Unit 2 DLH per unit 0.5 MH per unit Required: 1. Determine the plantwide overhead rate using 200,000 direct labor hours as the allocation base. 2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the Fabricating department and direct labor hours in the Assembly department. 4. Determine the overhead cost per unit for the desk lamp using the departmental overhead rates. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. (Round Overhead Rate to 2 decimal places.) Plantwide Overhead Rate Hours Used Overhead Cost per Unit
Transcribed Image Text:Exercise 17-9 (Static) Allocating overhead using plantwide rate and departmental rates LO P1, P2 Laval produces lighting fixtures, Budgeted information for its two production departments follows. The departments use machine hours (MH) and direct labor hours (DLH). Overhead cost Direct labor hours Machine hours Desk lamp Fabricating $ 300,000 75,000 DLH 80,000 MH 125,000 DLH 62,500 MH Laval reports the following for one of its products, a desk lamp. Fabricating Department. Number of Direct Labor Hours Units per Unit 4,000 4 DLB per unit Assembly $ 200,000 Machine Hours per Unit 3 MH per unit Desk lamp Assembly Department Direct Labor Hours Machine Hours per per Unit Unit 2 DLH per unit 0.5 MH per unit Required: 1. Determine the plantwide overhead rate using 200,000 direct labor hours as the allocation base. 2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the Fabricating department and direct labor hours in the Assembly department. 4. Determine the overhead cost per unit for the desk lamp using the departmental overhead rates. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. (Round Overhead Rate to 2 decimal places.) Plantwide Overhead Rate Hours Used Overhead Cost per Unit
(MH) and direct labor hours (DLH). Overhead cost Direct labor hours Machine hours Desk lamp 75,000 DLH 125,000 DLA 62,500 MH 80,000 MH Laval reports the following for one of its products, a desk lamp. Fabricating Department Fabricating $ 300,000 Department Assembly $ 200,000 Number of Direct Labor Hours per Unit 4 DLH per unit Units 4,000 Fabricating Assembly Total Required: 1. Determine the plantwide overhead rate using 200,000 direct labor hours as the allocation base. 2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the Fabricating department and direct labor hours in the Assembly department. 4. Determine the overhead cost per unit for the desk lamp using the departmental overhead rates. $ S Complete this question by entering your answers in the tabs below. Machine Hours per Unit 3 MH per unit Required 1 Required 2 Required 3 Required 4 Determine the overhead cost per unit for the desk lamp using the departmental overhead rates. (Round your intermediate and final answers to 2 decimal places.) Assembly Department Direct Labor Hours Machine Hours per per Unit Unit 2 DLH per unit 0.5 MH per unit Departmental Overhead Rate 3.75 per unit 2.00 per unit Hours per Unit 3.00 2.00 $ Overhead Cost per Unit 11.25 per unit 3.20 per unit 14.45 per unit
Transcribed Image Text:(MH) and direct labor hours (DLH). Overhead cost Direct labor hours Machine hours Desk lamp 75,000 DLH 125,000 DLA 62,500 MH 80,000 MH Laval reports the following for one of its products, a desk lamp. Fabricating Department Fabricating $ 300,000 Department Assembly $ 200,000 Number of Direct Labor Hours per Unit 4 DLH per unit Units 4,000 Fabricating Assembly Total Required: 1. Determine the plantwide overhead rate using 200,000 direct labor hours as the allocation base. 2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the Fabricating department and direct labor hours in the Assembly department. 4. Determine the overhead cost per unit for the desk lamp using the departmental overhead rates. $ S Complete this question by entering your answers in the tabs below. Machine Hours per Unit 3 MH per unit Required 1 Required 2 Required 3 Required 4 Determine the overhead cost per unit for the desk lamp using the departmental overhead rates. (Round your intermediate and final answers to 2 decimal places.) Assembly Department Direct Labor Hours Machine Hours per per Unit Unit 2 DLH per unit 0.5 MH per unit Departmental Overhead Rate 3.75 per unit 2.00 per unit Hours per Unit 3.00 2.00 $ Overhead Cost per Unit 11.25 per unit 3.20 per unit 14.45 per unit
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