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Data table Activity Setup Machine maintenance Total indirect manufacturing costs Direct labor hours Number of setups Number of machine hours Print Cost $ 58,000 Number of setups 30,000 Number of machine hours $ 88,000 Allocation Base Lo-Gain 1,200 40 3,000 Done Hi-Gain 3,800 40 2,000 Total 5,000 80 5,000

Data table Activity Setup Machine maintenance Total indirect manufacturing costs Direct labor hours Number of setups Number of machine hours Print Cost $ 58,000 Number of setups 30,000 Number of machine hours $ 88,000 Allocation Base Lo-Gain 1,200 40 3,000 Done Hi-Gain 3,800 40 2,000 Total 5,000 80 5,000

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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The following information is provided for Orbit Antenna Corp., which manufactures two products: Lo-Gain antennas and Hi-Gain antennas for use in remote areas. (Click the icon to view the information.) Orbit Antenna plans to produce 125 Lo-Gain antennas and 225 Hi-Gain antennas. Read the requirements. Requirement 1. Compute the indirect manufacturing cost per unit using direct labor hours for the single plantwide predetermined overhead allocation rate. First, compute the predetermined overhead (OH) allocation rate. (Round your answer to the nearest cent.) The predetermined overhead (OH) allocation rate is Compute the manufacturing cost allocated to Lo-Gain antennas, and then compute the indirect manufacturing cost per unit for Lo-Gain antennas. Next, compute the manufacturing cost allocated to Hi-Gain antennas and the indirect manufacturing cost per unit for Hi-Gain. (Round your cost per unit to the nearest cent.) Lo-Gain Hi-Gain Total indirect costs allocated Number of units Indirect cost per unit Requirement 2. Compute the ABC indirect manufacturing cost per unit for each product. Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each activity. (Abbreviation used: Qty = Quantity. Round your allocation rate to the nearest cent.) Setup Machine maintenance Next, select the formula to allocate overhead (OH) costs. + Setup Machine maintenance Total activity-based costs Number of units Activity-based cost per unit Allocated mfg. overhead costs Predetermined OH allocation rate = Compute the total activity-based costs allocated to Lo-Gain antennas, and then compute the cost per unit for Lo-Gain antennas. Finally, compute the total activity-based costs allocated to Hi-Gain antennas, then compute the cost per unit for Hi-Gain antennas. (Round the cost per unit to the nearest cent.) Lo-Gain Hi-Gain
Transcribed Image Text:The following information is provided for Orbit Antenna Corp., which manufactures two products: Lo-Gain antennas and Hi-Gain antennas for use in remote areas. (Click the icon to view the information.) Orbit Antenna plans to produce 125 Lo-Gain antennas and 225 Hi-Gain antennas. Read the requirements. Requirement 1. Compute the indirect manufacturing cost per unit using direct labor hours for the single plantwide predetermined overhead allocation rate. First, compute the predetermined overhead (OH) allocation rate. (Round your answer to the nearest cent.) The predetermined overhead (OH) allocation rate is Compute the manufacturing cost allocated to Lo-Gain antennas, and then compute the indirect manufacturing cost per unit for Lo-Gain antennas. Next, compute the manufacturing cost allocated to Hi-Gain antennas and the indirect manufacturing cost per unit for Hi-Gain. (Round your cost per unit to the nearest cent.) Lo-Gain Hi-Gain Total indirect costs allocated Number of units Indirect cost per unit Requirement 2. Compute the ABC indirect manufacturing cost per unit for each product. Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each activity. (Abbreviation used: Qty = Quantity. Round your allocation rate to the nearest cent.) Setup Machine maintenance Next, select the formula to allocate overhead (OH) costs. + Setup Machine maintenance Total activity-based costs Number of units Activity-based cost per unit Allocated mfg. overhead costs Predetermined OH allocation rate = Compute the total activity-based costs allocated to Lo-Gain antennas, and then compute the cost per unit for Lo-Gain antennas. Finally, compute the total activity-based costs allocated to Hi-Gain antennas, then compute the cost per unit for Hi-Gain antennas. (Round the cost per unit to the nearest cent.) Lo-Gain Hi-Gain
Data table Activity Setup Machine maintenance Total indirect manufacturing costs Direct labor hours Number of setups Number of machine hours Print Cost $ 58,000 Number of setups 30,000 Number of machine hours $ 88,000 Lo-Gain 1,200 40 3,000 Allocation Base Done Hi-Gain 3,800 40 2,000 - Total 5,000 80 5,000 X
Transcribed Image Text:Data table Activity Setup Machine maintenance Total indirect manufacturing costs Direct labor hours Number of setups Number of machine hours Print Cost $ 58,000 Number of setups 30,000 Number of machine hours $ 88,000 Lo-Gain 1,200 40 3,000 Allocation Base Done Hi-Gain 3,800 40 2,000 - Total 5,000 80 5,000 X
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