I need the sub-parts 1, 2 and 6. Thank you. 3. Determine the factory overhead rates under the multiple production department rate method. Assume that indirect labor is associated with the production departments, so that the total factory overhead is $420,000 and $294,000 for theSubassembly and Final Assembly departments, respectively.DepartmentSubassembly Department300✔ per direct labor hour210 ✓ per direct labor hourFinal Assembly Department4. Determine the total and per-unit factory overhead costs allocated to each product, using the multiple production department overhead rates in (3). Round per unit amounts to the nearest whole cent.ProductTotal Factory Overhead Factory Overhead Per UnitReceivers$ 372,750 ✓$53.25 ✔Loudspeakers$ 341,250 ✓$48.755. Determine the activity rates, assuming that the indirect labor is associated with activities rather than with the production departments. Round per unit amounts to the nearest whole cent.ActivityActivity RateSetupQuality ControlProduction Department Rate$346.5 ✔ per setup119 ✔ per inspectionSubassembly Department142 ✔ per direct labor hourFinal Assembly Department82✔ per direct labor hour6. Determine the total and per-unit cost assigned to each product under activity-based costing. Round the per unit amounts to the nearest whole cent.Activity Cost Per UnitTotal Activity CostProductReceiversLoudspeakers$$ Final Assembly DepartmentTotalThe activity base associated with the two production departments is direct labor hours. The indirect labor can be assigned to two different activities as follows:ActivitySetupQuality controlTotalBudgetedActivity CostReceiversLoudspeakersTotal114,800$714,000$138,600Number of setups261,800 Number of inspections$400,400The activity-base usage quantities and units produced for the two products follow:Activity BaseNumberof Number ofSetups Inspections803204004501,7502,200Direct LaborHours-Subassembly8755251,400Direct LaborHours-Final UnitsAssemblyProduced5258751,400Required:1. Determine a plantwide overhead rate tsed upon direct labor hours.Direct labor overhead rate:per direct labor hour$7,0007,00014,0002. Determine the total and per-unit factory overhead costs allocated to each product, using the plantwide overhead rate in (1). Round per unit amounts to the nearest whole cent.Total Factory Overhead Factory Overhead Per UnitProductReceiversLoudspeakers3. Determine the factory overhead rates under the multiple production department rate method. Assume that indirect labor is associated with the production departments, so that the total factory overhead is $420,000 and $294,000 for the

Activity-based costing is used to allocate overhead expenses on the basis of activity. Other than…

3. Determine the factory overhead rates under the multiple production department rate method. Assume that indirect labor is associated with the production departments, so that the total factory overhead is $420,000 and $294,000 for th Subassembly and Final Assembly departments, respectively. Department Subassembly Department 300✓ per direct labor hour 210 ✓ per direct labor hour Final Assembly Department 4. Determine the total and per-unit factory overhead costs allocated to each product, using the multiple production department overhead rates in (3). Round per unit amounts to the nearest whole cent. Product Total Factory Overhead Factory Overhead Per Unit Receivers 372,750 ✓ 53.25 ✔ 48.75 Loudspeakers $341,250 ✓ 5. Determine the activity rates, assuming that the indirect labor is associated with activities rather than with the production departments. Round per unit amounts to the nearest whole cent. Activity Activity Rate Setup 346.5 Quality Control 119 142 ✔ per direct labor hour 82 per direct labor hour Subassembly Department Final Assembly Department Production Department Rate Product Receivers Loudspeakers per setup per inspection. 6. Determine the total and per-unit cost assigned to each product under activity-based costing. Round the per unit amounts to the nearest whole cent. Total Activity Cost Activity Cost Per Unit

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q