777 Four Finger Appliance Company manufactures small kitchen appliances. The product line consists of blenders and toaster ovens. Four Finger Appliancepresently uses the multiple production department factory overhead rate method. The factory overhead is as follows:Assembly Department$186,000Test and Pack Department120,000Total$306,000The direct labor information for the production of 7,500 units of each product is as follows:Assembly DepartmentTest and Pack DepartmentBlender750 dlh2,250 dlhToaster oven2,2507503,00 dlh3,000 dlhTotal Four Finger Appliance used direct labor hours to allocate production department factory overhead to products.If required, round all per unit answers to the nearest cent.a. Determine the two production department factory overhead rates.Assembly Department%24per direct labor hourTest and Pack Department$4per direct labor hourb. Determine the total factory overhead and the factory overhead per unit allocated to each product.ProductTotal Factory OverheadFactory Overhead Per UnitBlender2$Toaster oven$

Factory Overhead means all indirect costs incurred in production of goods. These needs to be…

Four Finger Appliance used direct labor hours to allocate production department factory oVerhead LU If required, round all per unit answers to the nearest cent. a. Determine the two production department factory overhead rates. Assembly Department per direct labor hour Test and Pack Department per direct labor hour b. Determine the total factory overhead and the factory overhead per unit allocated to each product. Product Total Factory Overhead Factory Overhead Per Unit Blender Toaster oyen $4

Four Finger Appliance used direct labor hours to allocate production department factory oVerhead LU If required, round all per unit answers to the nearest cent. a. Determine the two production department factory overhead rates. Assembly Department per direct labor hour Test and Pack Department per direct labor hour b. Determine the total factory overhead and the factory overhead per unit allocated to each product. Product Total Factory Overhead Factory Overhead Per Unit Blender Toaster oyen $4

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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