Condoleezza Co. manufactures two products, A and B, in two production departments, Assembly and Finishing. Condoleezza Co. expects to produce 10,000 units of Product A and 20,000 units of Product B in the coming year. Budgeted factory overhead costs for the coming year are as follows: Department Amount Assembly $310,000 Finishing 240,000 Total $550,000 The machine hours expected to be used in the coming year are as follows: Product Assembly Finishing Department Department 9,000 11,000 20,000 Product A 15,100 Product B 4,900 Total 20,000 Round your answers to two decimal places, if necessary. a. Compute the plantwide factory overhead rate, assuming the single plantwide factory overhead rate method is used. fill in the blank 1 of 15 per mh b. Compute the production department factory overhead rates, assuming the multiple production department factory overhead rate method is used. Assembly department fill in the blank Finishing department fill in the blank c. Compute the factory overhead allocated per unit for each product using: The single plantwide rate: Product A fill in the blank Product B fill in the blank Production department factory overhead rates: Product A fill in the blank Product B fill in the blank d. Which method is better (single or multiple)? Single plantwide factory overhead rate method Multiple production department factory overhead rate method

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.