Dartmouth Corporation manufactures two models of motorizedgo−carts,a standard and a deluxe model. The following activity and cost information has been compiled: ProductNumber of SetupsNumber of ComponentsNumber of Direct Labor Hours Standard176790 Deluxe3115400 Overhead Costs$18,240$21,000 Assume a traditional costing system applies the $39,240 of overhead costs based on direct labor hours. What is the total amount of overhead cost assigned to the standard model? (Do not round interim calculations. Round the final answer to the nearest whole dollar.)

Traditional Costing System: An accounting method useful in predicting the profits of the company.…

Answered: Dartmouth Corporation manufactures two…

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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Dartmouth Corporation manufactures two models of motorized

go−carts,

a standard and a deluxe model. The following activity and cost information has been compiled:

Product	Number of Setups	Number of Components	Number of Direct Labor Hours
Standard	17	6	790
Deluxe	31	15	400

Overhead Costs	$18,240	$21,000

Assume a traditional costing system applies the $39,240 of overhead costs based on direct labor hours. What is the total amount of overhead cost assigned to the standard model? (Do not round interim calculations. Round the final answer to the nearest whole dollar.)

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