Please answer all parts. Last question multiple choice answers are: 1, 2 or 3Thank you! ÛProblem Set: Module 31. EX.04.062. EX.04.07.ALGO3. EX.04.05.ALGO4. TMM.04.065. EX.04.03.ALGOengagenow.com●Assembly DepartmentTesting DepartmentTotalAssembly DepartmentTesting DepartmentTotalDirect machine hours were estimated as follows:Assembly DepartmentTesting DepartmentTotal machine hours per unitCommercialResidential4.000 hours5,000In addition, the direct machine hours (dmh) used to produce aunit of each product in each department were determined fromengineering records, as follows:Commercial800,000$1,080,0009.000 hoursResidentialper unitper unit+per unitper unitCommercial2.0 dmh6.0408.0 dmha. Determine the per-unit factory overhead allocated to thecommercial and residential motors under the single plantwidefactory overhead rate method, using direct machine hours asthe allocation base.Residential3.0 dmh1.5b. Determine the per-unit factory overhead allocated to thecommercial and residential motors under the multipleproduction department factory overhead rate method, usingdirect machine hours as the allocation base for eachdepartment.4.5 dmhc. Recommend to management a product costing approach,based on your analyses in (a) and (b).1. The management should consider multiple productiondepartment factory overhead rate methods, because thismethod calculates the cost more accurately and considers thefact that commercial products use more costly overheads thanresidential products.2. The management should consider single plantwide factoryoverhead rate methods, because this method calculates thecost more accurately and considers the fact that the overheadsare applied evenly based on the direct labor hours.3. The management could consider either multiple productiondepartment factory overhead rate method or the singleplantwide rate, as both these methods have the same effect onthe final costs.? Problem Set: Module 31. EX.04.062. EX.04.07.ALGO3. EX.04.05.ALGO4. TMM.04.065. EX.04.03.ALGOengagenow.comSingle Plantwide and Multiple Production Department FactoryOverhead Rate Methods and Product Cost DistortionAssembly DepartmentTesting DepartmentEclipse Motor Company manufactures two types of specialtyelectric motors, a commercial motor and a residential motor,through two production departments, Assembly and Testing.Presently, the company uses a single plantwide factoryoverhead rate for allocating factory overhead to the twoproducts. However, management is considering using themultiple production department factory overhead rate method.The following factory overhead was budgeted for Eclipse:TotalAssembly DepartmentTesting DepartmentTotalDirect machine hours were estimated as follows:Assembly DepartmentTesting DepartmentTotal machine hours per unitCommercialResidential$280,000800,000+$1,080,0004,000 hours5,0009,000 hoursIn addition, the direct machine hours (dmh) used to produce aunit of each product in each department were determined fromengineering records, as follows:CommercialResidentialper unitper unit40per unitper unita. Determine the per-unit factory overhead allocated to thecommercial and residential motors under the single plantwidefactory overhead rate method, using direct machine hours asthe allocation base.Commercial2.0 dmh6.08.0 dmhResidential3.0 dmh1.54.5 dmhb. Determine the per-unit factory overhead allocated to thecommercial and residential motors under the multipleproduction department factory overhead rate method, usingdirect machine hours as the allocation base for eachdepartment.c. Recommend to management a product costing approach,based on your analyses in (a) and (b).1. The management should consider multiple productiondepartment factory overhead rate methods, because thismethod calculates the cost more accurately and considers theS

The plantwide overhead rate is the single rate which calculated by dividing the total manufacturing…

Eclipse Motor Company manufactures two types of specialty electric motors, a commercial motor and a residential motor, through two production departments, Assembly and Testing. Presently, the company uses a single plantwide factory overhead rate for allocating factory overhead to the two products. However, management is considering using the

Eclipse Motor Company manufactures two types of specialty electric motors, a commercial motor and a residential motor, through two production departments, Assembly and Testing. Presently, the company uses a single plantwide factory overhead rate for allocating factory overhead to the two products. However, management is considering using the

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Kindly answer the 8 and 9 thank you
please help with the question that is attached as a picture. thanks
How would I calculate this problem? I just guessed on which answer made sense to me. Please help. thank you in advance.
us.wvu.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_349525_1&course_id=_172235_1&content_id= 91004 Musketeers worldhiston H Blackboard M WVU Gmail a Discord Complete History... m HBO Max N Netflix A ALEKS- Musketeers Excel Email am and sieges v Question Completion Status: Florist Grump, Inc., had beginning retained earnings of $137,000. During the year, Florist Grump had net income of $63,000 and declared and paid dividends of $18,000. What will be shown for ending retained earnings on Florist Grump's year-end balance sheet? QUESTION 9 For the year ended December 31, Year 2 For the year ended December 31, Year 1 Revenues $ 7,500 $ 500 Expenses 1,500 Net Income December 31, Year 2 December 31, Year 1 Assets $ 16,500 $ 1,000 500 Liabilities Stock 300 300 Retained Earnings 1.$ 200 Assume Year1 is the company's first year of business and there were $100 dividends in Year 1 and $100 dividends in Year 2. After determining the missing amounts ($ Earnings 1.$ in the above…
Optional. P Search vout References Mailings Review View Help Aav Aoミ、E、、三E4T AaBbCcDc AaBbCcDc AaBbC AaBbCcl AaB ン、A、三三三加、、田 I Normal 1 No Spac. Heading 1 Heading 2 Title Paragraph Styles 4. Jeff, age 50, is thinking of purchasing a S100,000 permanent life insurance policy to fund a gift to his local hospital. He was recently treated there after an automobile accident. He does not expect the policy to be surrendered for a number of years and is concerned that inflation might erode the value of his gift. Which of the following products would best suit Jeff's needs? (A) A whole life participating policy with dividends used to reduce the annual premium. (B) A term to 100 life insurance policy. (C) A whole life participating policy with a paid-up additions dividend option. (D) A whole life non-participating policy.
Please do not give solution in image format thanku
Not a previously submitted question. Thank you