I attached the data as well please do itThanks 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 isCompute 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-Gainantennas and the indirect manufacturing cost per unit for Hi-Gain. (Round your cost per unit to the nearest cent.)Lo-GainHi-GainTotal indirect costs allocatedNumber of unitsIndirect cost per unitRequirement 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. Roundyour allocation rate to the nearest cent.)SetupMachine maintenanceNext, select the formula to allocate overhead (OH) costs.+SetupMachine maintenanceTotal activity-based costsNumber of unitsActivity-based cost per unitAllocated mfg.overhead costsPredetermined OHallocation 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-GainHi-Gain Data tableActivitySetupMachine maintenanceTotal indirect manufacturing costsDirect labor hoursNumber of setupsNumber of machine hoursPrintCost$ 58,000 Number of setups30,000 Number of machine hours$ 88,000Lo-Gain1,200403,000Allocation BaseDoneHi-Gain3,800402,000-Total5,000805,000X

The overhead is applied to the production on the basis of predetermined overhead rate. The…

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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