Bike-O-Rama produces two bike models: Voltage and EasyRider. Departmental overhead data follow. Department Fabricating Assembly Budgeted Cost $ 134,400 124,000 Allocation Base Machine hours (MH) Direct labor hours (DLH) Budgeted Usage 9,600 MH 3,100 DLH Required: 1. Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct la allocate budgeted Assembly costs. 2. The company reports the following actual production usage data. Compute the overhead cost per unit for each model Machine hours per unit EasyRider 3.0 ΜΗ 0.5 DLH Direct labor hours per unit 3. The company reports additional information below. For each model, compute the product cost per unit. Per Unit Voltage EasyRider Voltage 2.0 ΜΗ 1.8 DLH Selling Price $ 276 170 Direct Materials $ 106 96 Direct Labor $ 45 18 4. For each model, compute gross profit per unit (selling price per unit minus product cost per unit).

Bike-O-Rama produces two bike models: Voltage and EasyRider. Departmental overhead data follow. Department Fabricating Assembly Budgeted Cost $ 134,400 124,000 Allocation Base Machine hours (MH) Direct labor hours (DLH) Budgeted Usage 9,600 MH 3,100 DLH Required: 1. Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct la allocate budgeted Assembly costs. 2. The company reports the following actual production usage data. Compute the overhead cost per unit for each model Machine hours per unit EasyRider 3.0 ΜΗ 0.5 DLH Direct labor hours per unit 3. The company reports additional information below. For each model, compute the product cost per unit. Per Unit Voltage EasyRider Voltage 2.0 ΜΗ 1.8 DLH Selling Price $ 276 170 Direct Materials $ 106 96 Direct Labor $ 45 18 4. For each model, compute gross profit per unit (selling price per unit minus product cost per unit).

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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Please refer to the pictures for info and questions 1 and 2. See below for question 3 format. Department Departmental Overhead Rate Standard Deluxe Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated Assembly Finishing Totals $0 $0
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Multiple Production Department Factory Overhead Rate Method costs were budgeted as follows: The direct labor estimated for each production department was as follows: Pattern Department 2,000 direct labor hours Cut and Sew Department, 2, 500 Total direct labor hours records as follows: If required, round all per unit answers to the nearest cent, a. Determine the two production department factory overhead rates. b. Use the two production department factory overhead rates to determine the factory overhead per unit for each product.
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Question Content Area Dawson Company manufactures small table lamps and desk lamps. The following shows the activities per product and the total overhead information: Line Item Description Units Setups Inspections Assembly (dlh) Small table lamps 4,000 3,200 9,000 41,200 Desk lamps 7,100 6,400 15,000 41, 200 Activity Total Activity - Base Usage Budgeted Activity Cost Setups 9, 600 $ 86,400 Inspections 24,000 120,000 Assembly (dlh) 72,100 353, 290 The total factory overhead to be allocated to desk lamps is a. $167, 240 b. $334, 480 c. $602, 064 d. $434,824
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