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Plantwide rate Overhead Scientific Business 2. Compute the overhead cost per unit for each product using departmental rates. In calculating departmental rates, use machine hours for Department 1 and direct labor hours for Department 2. Repeat using direct labor hours for Department 1 and machine hours for Department 2. Round your intermediate calculations and answers to the nearest cent. Departmental rates: Department 1 Department 2 Overhead cost per unit: Scientific Business cost per unit: Departmental rates: Department 1 Department 2 Overhead cost per unit: Scientific Business Scientific Business product S per direct labor hour $ per unit S per unit $ per unit $ per unit $ per machine hour S per direct labor hour $ per unit $ per unit (wide, unic $ per direct labor hour S per machine hour $ per unit $ per unit 3. Compute the overhead cost per unit for each product using activity-based costing. Round your calculations and answers to the nearest cent. Overhead Cost

Plantwide rate Overhead Scientific Business 2. Compute the overhead cost per unit for each product using departmental rates. In calculating departmental rates, use machine hours for Department 1 and direct labor hours for Department 2. Repeat using direct labor hours for Department 1 and machine hours for Department 2. Round your intermediate calculations and answers to the nearest cent. Departmental rates: Department 1 Department 2 Overhead cost per unit: Scientific Business cost per unit: Departmental rates: Department 1 Department 2 Overhead cost per unit: Scientific Business Scientific Business product S per direct labor hour $ per unit S per unit $ per unit $ per unit $ per machine hour S per direct labor hour $ per unit $ per unit (wide, unic $ per direct labor hour S per machine hour $ per unit $ per unit 3. Compute the overhead cost per unit for each product using activity-based costing. Round your calculations and answers to the nearest cent. Overhead Cost

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Problem 4.36 Product-Costing Accuracy, Plantwide and Departmental Rates, ABC Escuha Company produces two type of calculators: scientific and business. Both products pass through two producing departments. The business calculator is by far the most popular. The following data have been gathered for these two products: Units produced per year Prime costs Direct labor hours Machine hours Production runs Inspection hours Maintenance hours Direct labor hours: Scientific calculator Business calculator Total Machine hours: Scientific calculator Business calculator Total Overhead costs: Setup costs Inspection costs Power Maintenance Total g Product-Related Data Scientific 75,000 $250,000 100,000 50,000 100 2,000 2,250 Department 1 Department Data 75,000 112,500 187,500 25,000 400,000 425,000 Business $225,000 175,000 250,000 200,000 $850,000 750,000 $2,500,000 1,000,000 500,000 150 3,000 9,000 Department 2 25,000 887,500 912,500 25,000 100,000 125,000 $225,000 175,000 150,000 250,000 $800,000
Transcribed Image Text:Problem 4.36 Product-Costing Accuracy, Plantwide and Departmental Rates, ABC Escuha Company produces two type of calculators: scientific and business. Both products pass through two producing departments. The business calculator is by far the most popular. The following data have been gathered for these two products: Units produced per year Prime costs Direct labor hours Machine hours Production runs Inspection hours Maintenance hours Direct labor hours: Scientific calculator Business calculator Total Machine hours: Scientific calculator Business calculator Total Overhead costs: Setup costs Inspection costs Power Maintenance Total g Product-Related Data Scientific 75,000 $250,000 100,000 50,000 100 2,000 2,250 Department 1 Department Data 75,000 112,500 187,500 25,000 400,000 425,000 Business $225,000 175,000 250,000 200,000 $850,000 750,000 $2,500,000 1,000,000 500,000 150 3,000 9,000 Department 2 25,000 887,500 912,500 25,000 100,000 125,000 $225,000 175,000 150,000 250,000 $800,000
1. Compute the overhead cost per unit for each product using a plantwide, unit-based rate using direct labor hours. If required, round your answers to the nearest cent. Plantwide rate $ per direct labor hour Overhead cost per unit: Scientific Business 2. Compute the overhead cost per unit for each product using departmental rates. In calculating departmental rates, use machine hours for Department 1 and direct labor hours for Department 2. Repeat using direct labor hours for Department 1 and machine hours for Department 2. Round your intermediate calculations and answers to the nearest cent. Departmental rates: Department 1 Department 2 Overhead cost per unit: Scientific Business Departmental rates: Department 1 Department 2 Overhead cost per unit: Scientific Business $ per unit $ per unit Scientific Business $ per unit $ per unit $ per machine hour $ per direct labor hour $ per unit $ per unit $ per unit $ per unit 3. Compute the overhead cost per unit for each product using activity-based costing. Round your calculations and answers to the nearest cent. Overhead Cost $ per direct labor hour S per machine hour
Transcribed Image Text:1. Compute the overhead cost per unit for each product using a plantwide, unit-based rate using direct labor hours. If required, round your answers to the nearest cent. Plantwide rate $ per direct labor hour Overhead cost per unit: Scientific Business 2. Compute the overhead cost per unit for each product using departmental rates. In calculating departmental rates, use machine hours for Department 1 and direct labor hours for Department 2. Repeat using direct labor hours for Department 1 and machine hours for Department 2. Round your intermediate calculations and answers to the nearest cent. Departmental rates: Department 1 Department 2 Overhead cost per unit: Scientific Business Departmental rates: Department 1 Department 2 Overhead cost per unit: Scientific Business $ per unit $ per unit Scientific Business $ per unit $ per unit $ per machine hour $ per direct labor hour $ per unit $ per unit $ per unit $ per unit 3. Compute the overhead cost per unit for each product using activity-based costing. Round your calculations and answers to the nearest cent. Overhead Cost $ per direct labor hour S per machine hour
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