I'm just trying this out, so hang with me. I'm just curious how many questions this would count as and the answers would be nice. It says to ask one academic question, but this kinda is. I'll see what happens. Thank you much. The book I'm working out of Cornerstones of Cost Management 4th Ed. - Chapter 4 Scenario I: Goodmark Company produces two products: scented and regular birthday cards. Goodmark uses a plantwide rate based on direct labor hours. The estimated and actual data for the coming year are provided below: Estimated overhead $720,000 Expected activity (direct labor hours) 180,000 Actual activity (direct labor hours) Scented cards 20,000 Regular cards 160,000 Units produced Scented 20,000 Regular 200,000 Required: 1. Calculate the following: a. The predetermined overhead plantwide rate (round to the nearest cent): _______ per direct labor hour b. Applied overhead for each product (round to the nearest dollar): Scented: Regular: c. Overhead per unit for each product (round to the nearest cent): Scented: Regular:
I'm just trying this out, so hang with me. I'm just curious how many questions this would count as and the answers would be nice. It says to ask one academic question, but this kinda is. I'll see what happens. Thank you much. The book I'm working out of Cornerstones of Cost Management 4th Ed. - Chapter 4 Scenario I: Goodmark Company produces two products: scented and regular birthday cards. Goodmark uses a plantwide rate based on direct labor hours. The estimated and actual data for the coming year are provided below: Estimated overhead $720,000 Expected activity (direct labor hours) 180,000 Actual activity (direct labor hours) Scented cards 20,000 Regular cards 160,000 Units produced Scented 20,000 Regular 200,000 Required: 1. Calculate the following: a. The predetermined overhead plantwide rate (round to the nearest cent): _______ per direct labor hour b. Applied overhead for each product (round to the nearest dollar): Scented: Regular: c. Overhead per unit for each product (round to the nearest cent): Scented: Regular:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I'm just trying this out, so hang with me. I'm just curious how many questions this would count as and the answers would be nice. It says to ask one academic question, but this kinda is. I'll see what happens. Thank you much.
The book I'm working out of Cornerstones of Cost Management 4th Ed. - Chapter 4
Scenario I: Goodmark Company produces two products: scented and regular birthday cards. Goodmark uses a plantwide rate based on direct labor hours. The estimated and actual data for the coming year are provided below:
| Estimated |
$720,000 | |
| Expected activity (direct labor hours) | 180,000 | |
| Actual activity (direct labor hours) | ||
| Scented cards | 20,000 | |
| Regular cards | 160,000 | |
| Units produced | ||
| Scented | 20,000 | |
| Regular | 200,000 |
Required:
| 1. | Calculate the following: | ||||
| a. | The predetermined overhead plantwide rate (round to the nearest cent): _______ per direct labor hour | ||||
| b. | Applied overhead for each product (round to the nearest dollar): | ||||
|
|||||
| c. | Overhead per unit for each product (round to the nearest cent): | ||||
|
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