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Angler Industries produces a product which goes through two operations, Assembly and Finishing, before it is ready to be shipped. Next year's expected costs and activities are shown below. Direct labor hours Machine hours Assembly Finishing Overhead 270,000 DLH 470,000 MH $ costs 470,000 157,000 DLH 133,950 ΜΗ $ 737,900 Assume that the Assembly Department allocates overhead based on machine hours, and the Finishing Department allocates overhead based on direct labor hours. How much total overhead will be assigned to a product that requires 1 direct labor hour and 4.2 machine hours in the Assembly Department, and 5.0 direct labor hours and 0.4 machine hours in the Finishing Department?

Angler Industries produces a product which goes through two operations, Assembly and Finishing, before it is ready to be shipped. Next year's expected costs and activities are shown below. Direct labor hours Machine hours Assembly Finishing Overhead 270,000 DLH 470,000 MH $ costs 470,000 157,000 DLH 133,950 ΜΗ $ 737,900 Assume that the Assembly Department allocates overhead based on machine hours, and the Finishing Department allocates overhead based on direct labor hours. How much total overhead will be assigned to a product that requires 1 direct labor hour and 4.2 machine hours in the Assembly Department, and 5.0 direct labor hours and 0.4 machine hours in the Finishing Department?

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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Angler Industries produces a product which goes through two operations, Assembly and Finishing, before it is ready to be shipped. Next year's expected costs and activities are shown below. Direct labor 270,000 DLH hours Machine hours Assembly Finishing Overhead 470,000 ΜΗ $ costs 470,000 157,000 DLH 133,950 ΜΗ $ 737,900 Assume that the Assembly Department allocates overhead based on machine hours, and the Finishing Department allocates overhead based on direct labor hours. How much total overhead will be assigned to a product that requires 1 direct labor hour and 4.2 machine hours in the Assembly Department, and 5.0 direct labor hours and 0.4 machine hours in the Finishing Department?
Transcribed Image Text:Angler Industries produces a product which goes through two operations, Assembly and Finishing, before it is ready to be shipped. Next year's expected costs and activities are shown below. Direct labor 270,000 DLH hours Machine hours Assembly Finishing Overhead 470,000 ΜΗ $ costs 470,000 157,000 DLH 133,950 ΜΗ $ 737,900 Assume that the Assembly Department allocates overhead based on machine hours, and the Finishing Department allocates overhead based on direct labor hours. How much total overhead will be assigned to a product that requires 1 direct labor hour and 4.2 machine hours in the Assembly Department, and 5.0 direct labor hours and 0.4 machine hours in the Finishing Department?
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