Laval produces lighting fixtures. Budgeted information for its two production departments follows. The departments usemachine hours (MH) and direct labor hours (DLH).Fabricating$1,330,000Assembly$480,000Overhead costDirect laborhoursMachine hours412,500 DLH 40,000 DLH95,000 MH78,500 MHLaval reports the following for one of its products, a desk lamp.Fabricating DepartmentAssembly DepartmentMachineHours perUnitMachineHours perUnitDirect LaborDirect LaborNumberHours per UnitHours per Unitof UnitsDesklampDLH per4unitМн рer2unitDLH per2unitМн рer0.5unit6,000Required:1. Determine the plantwide overhead rate using 452,500 direct labor hours as the allocation base.2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate.3. Compute departmental overhead rates based on machine hours in the Fabricating department and direct labor hoursin the Assembly department.4. Determine the overhead cost per unit for the desk lamp using the departmental overhead rates.Complete this question by entering your answers in the tabs below.Required Required Required Required24Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate.Plantwide Overhead RateHours UsedOverhead Cost per UnitDesk lamp< Required 1Required 3 > Laval produces lighting fixtures. Budgeted information for its two production departments follows. The departments usemachine hours (MH) and direct labor hours (DLH).FabricatingAssembly%$4480,0002$Overhead cost1,330,000Direct laborhoursMachine hours412,500 DLH 40,000 DLH95,000 MH78,500 MHLaval reports the following for one of its products, a desk lamp.Fabricating DepartmentMachineHours perUnitМн рerunitAssembly DepartmentDirect LaborHours per UnitMachineHours perUnitDirect LaborNumberHours per Unitof UnitsDLH perDLH per2unitМн рer0.5unitDesk6,000lampunitRequired:1. Determine the plantwide overhead rate using 452,500 direct labor hours as the allocation base.2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate.3. Compute departmental overhead rates based on machine hours in the Fabricating department and direct labor hoursin the Assembly department.4. Determine the overhead cost per unit for the desk lamp using the departmental overhead rates.Complete this question by entering your answers in the tabs below.Required Required Required Required1234Determine the plantwide overhead rate using 452,500 direct labor hours as the allocationbase.< Required 1Required 2 >

Hi student Since there are multiple subparts, we will answer only first three subparts.

Laval produces lighting fixtures. Budgeted information for its two production departments follows. The departments use machine hours (MH) and direct labor hours (DLH). Fabricating 2$ 1,330,000 Assembly Overhead cost 480,000 Direct labor hours Machine hours 412,500 DLH 40,000 DLH 95,000 MH 78,500 MH Laval reports the following for one of its products, a desk lamp. Fabricating Department Machine Hours per Unit Assembly Department Machine Hours per Unit Direct Labor Direct Labor Number of Units Hours per Unit DLH per unit Hours per Unit Desk lamp MH per 2 unit DLH per unit 0.5 MH per unit 6,000 Required: 1. Determine the plantwide overhead rate using 452,500 direct labor hours as the allocation base. 2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the Fabricating department and direct labor hours in the Assembly department.

Laval produces lighting fixtures. Budgeted information for its two production departments follows. The departments use machine hours (MH) and direct labor hours (DLH). Fabricating 2$ 1,330,000 Assembly Overhead cost 480,000 Direct labor hours Machine hours 412,500 DLH 40,000 DLH 95,000 MH 78,500 MH Laval reports the following for one of its products, a desk lamp. Fabricating Department Machine Hours per Unit Assembly Department Machine Hours per Unit Direct Labor Direct Labor Number of Units Hours per Unit DLH per unit Hours per Unit Desk lamp MH per 2 unit DLH per unit 0.5 MH per unit 6,000 Required: 1. Determine the plantwide overhead rate using 452,500 direct labor hours as the allocation base. 2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the Fabricating department and direct labor hours in the Assembly department.

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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