Please answer the bottom half. Question 2. The chart one please and please be accurate. Cream1602105501,300Packing DepartmentWhole milk250340Skim milk400420Cream120140770900Total1,3202,200Required:1. Determine the single plantwide factory verhead rate, using each of the following allocation bases: (a) direct labor hours and (b) machine hours. Ifrequired, round all amounts to the nearest dollar.a. Direct labor overhead rate$4142.15per direct labor hourb. Machine hour overhead rate84per machine hour2. Determine the product factory overhead costs, using (a) the direct labor hour plantwide factory overhead rate and (b) the machine hour plantwidefactory overhead rate.Whole MilkSkim MilkCreamDirect labor hoursMachine hours%24%24%24%24 Single Plantwide Factory Overhead RateSpotted Cow Dairy Company manufactures three products-whole milk, skim milk, and cream- in two production departments, Blending and Packing.The factory overhead for Spotted Cow Dairy is $184,800.The three products consume both machine hours and direct labor hours in the two production departments as follows:Direct LaborMachineHoursHoursBlending DepartmentWhole milk190570Skim milk200520Сream1602105501,300Packing DepartmentWhole milk250340Skim milk400420Cream120140770900Total1,3202,200Required:1. Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (b) machine hours. Ifreauired. round all amounts to the nearest dollar.

Answered: Cream 160 210 550 1,300 Packing…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Please answer the bottom half. Question 2. The chart one please and please be accurate.

Cream
160
210
550
1,300
Packing Department
Whole milk
250
340
Skim milk
400
420
Cream
120
140
770
900
Total
1,320
2,200
Required:
1. Determine the single plantwide factory verhead rate, using each of the following allocation bases: (a) direct labor hours and (b) machine hours. If
required, round all amounts to the nearest dollar.
a. Direct labor overhead rate
$4
142.15
per direct labor hour
b. Machine hour overhead rate
84
per machine hour
2. Determine the product factory overhead costs, using (a) the direct labor hour plantwide factory overhead rate and (b) the machine hour plantwide
factory overhead rate.
Whole Milk
Skim Milk
Cream
Direct labor hours
Machine hours
%24
%24
%24
%24

Single Plantwide Factory Overhead Rate
Spotted Cow Dairy Company manufactures three products-whole milk, skim milk, and cream- in two production departments, Blending and Packing.
The factory overhead for Spotted Cow Dairy is $184,800.
The three products consume both machine hours and direct labor hours in the two production departments as follows:
Direct Labor
Machine
Hours
Hours
Blending Department
Whole milk
190
570
Skim milk
200
520
Сream
160
210
550
1,300
Packing Department
Whole milk
250
340
Skim milk
400
420
Cream
120
140
770
900
Total
1,320
2,200
Required:
1. Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (b) machine hours. If
reauired. round all amounts to the nearest dollar.

Expert Solution

Step 1

Manufacturing overhead means the expense incurred in factory which is not directly linked with production but indirectly related with it . For example , gate keeper salary etc.

Manufacturing overhead is absorbed on some predetermined basis and then compare it with actual manufacturing overhead incurred.

Over or under applied manufacturing overhead will be written off in some predetermined manner.

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