i just need to know question 1, 2 and is possible number 7 2. 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 Unit$ 357,000 X$35.75 X$150,150 X21.45 XProductReceiversLoudspeakers3. 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.Production Department RateDepartmentSubassembly Department300✔ per direct labor hourFinal Assembly Department210 ✔ per direct labor hour4. 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 ✔48.75 ✓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.ActivityActivity RateSetupQuality Control$$$$346.5 ✓per setup119✔ per inspection142 ✔ per direct labor hour82 ✔ per direct labor hourSubassembly DepartmentFinal Assembly Department6. 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$248,570 ✔$465,430 ✓ProductReceiversLoudspeakers7. Comment on the differences in the per-unit overhead allocated to each product using the single plantwide factory overhead rate method, the multiple production department factory overhead rate method, and activity-based costing.The plantwide overhead method allocates $of overhead to each product, while the multiple production department method allocates $and multiple production department overhead methods do ✓ distort the allocation of overhead because they do not adequately35.51✔ of factory overhead to receivers and $ 66.49✔ to loudspeakers. Activity-based costing moreoverhead. Loudspeakers have more✔setups than do receivers. In addition, loudspeakers require more53.25 ✔ overhead to receivers and $ 48.75 ✔ to loudspeakers. Both the plantwide✔account for how each product consumes overhead. In contrast, activity based costing allocates✔accurately allocates factory overhead because it better accounts ✔for how each product consumes✔ quality control inspections than do receivers. As a result. loudspeakers have higher✔activity costs thanActivity Cost Per Unit35.51 ✔66.49 ✔ Allocate overhead using a single plantwide rate, multiple department rates, and activity-based costingBig Sound Inc. manufactures two products: receivers and loudspeakers. The factory overhead incurred is as follows:Indirect laborSubassembly DepartmentFinal 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 controlTotalReceiversLoudspeakersTotalBudgetedActivity CostRequired:$400,400198,800114,800$714,000The activity-base usage quantities and units produced for the two products follow:400Activity Base$138,600Number of setups261,800 Number of inspections$400,400Numberof Number ofSetups Inspections803204501,7502,200Direct LaborHours-Subassembly8755251,400Direct LaborHours-FinalUnitsAssembly Produced7,0007,0005258751,4001. Determine a plantwide overhead rate based upon direct labor hours.Direct labor overhead rate: $per direct labor hour14,000

Predetermined overhead rate is defined as the rate of allocation of factory overhead to the products…

Allocate overhead using a single plantwide rate, multiple department rates, and activity-based costing Big Sound Inc. manufactures two products: receivers and loudspeakers. The factory overhead incurred is as follows: Indirect labor Subassembly Department Final Assembly Department Total The activity base associated with the two production departments is direct labor hours. The indirect labor can be assigned to two different activities as follows: Activity Setup Quality control Total Budgeted Activity Cost $400,400 198,800 114,800 $714,000 Receivers 80 Loudspeakers 320 Total 400 Activity Base $138,600 Number of setups 261,800 Number of inspections $400,400 The activity-base usage quantities and units produced for the two products follow: Number Number of of Setups Inspections 450 1,750 2,200 Direct Labor Hours- Subassembly 875 525 1,400 Direct Labor Hours-Final Units Assembly Produced 525 875 1,400 Required: 1. Determine a plantwide overhead rate based upon direct labor hours. Direct labor overhead rate: $ per direct labor hour 7,000 7,000 14,000