**Budgeted Data for Rafner Manufacturing**Rafner Manufacturing identified the following budgeted data in its two production departments:| | Assembly | Finishing ||---------------------------|---------------|------------|| Manufacturing overhead costs | $1,120,800 | $510,000 || Direct labor hours | 11,100 DLH | 19,100 DLH || Machine hours | 5,100 MH | 15,100 MH |**Required:**What is the company’s Finishing department overhead rate using machine hours?**Diagram Explanation:**The diagram is a table labeled "The departmental overhead rate for Finishing" with two rows and three columns. The second column appears in yellow. The values are not filled in, indicating where calculations for the departmental overhead rate would be entered. To find the overhead rate, you would divide the total manufacturing overhead costs for the Finishing department by the machine hours.

Rafner Manufacturing identified the following budgeted data in its two production departments. Finishing $ 510,000 Assembly $1,120,800 11,100 DLH 5,100 MH Manufacturing overhead costs Direct labor hours 19,100 DLH 15,100 MH Machine hours Required: What is the company's Finishing department overhead rate using machine hours? The departmental overhead rate for Finishing

Rafner Manufacturing identified the following budgeted data in its two production departments. Finishing $ 510,000 Assembly $1,120,800 11,100 DLH 5,100 MH Manufacturing overhead costs Direct labor hours 19,100 DLH 15,100 MH Machine hours Required: What is the company's Finishing department overhead rate using machine hours? The departmental overhead rate for Finishing

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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Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below. Activity Cost Activity Base Procurement $348,600 Number of purchase orders Scheduling 200,100 Number of production orders Materials handling 471,600 Number of moves Product development 741,200 Number of engineering changes Production 1,511,600 Machine hours Number of Number of Number Number of Number Purchase Production of Engineering Machine of Orders Orders Moves Changes Hours Units Disk drives 3,910 380 1,430 10 1,900 2,400 Tape drives 1,600 235 570 8,000 3,700 Wire drives 11,300 880 4,200 28 11,500 2,300 The activity rate for the procurement activity cost pool is Oa. $133.85 per purchase order Ob. $70.64 per purchase order Oc. S20.74 per purchase order Od. S233.18 per purchase order Previous Next Submit Test for…
Required information Use the following information for the Quick Studies below. (Algo) Rafner Manufacturing has the following budgeted data for its two production departments. Budgeted Data Overhead cost Direct labor hours Machine hours $ 1,358,900 Assembly 12,700 direct labor hours. 6,700 machine hours The departmental overhead rate for Assembly QS 17-7 (Algo) Computing departmental overhead rates LO P2 What is the Assembly department overhead rate using direct labor hours? What is the Finishing department overhead rate using machine hours? The departmental overhead rate for Finishing $ 1,068,800 Finishing 20,700 direct labor ho 16,700 machine hours
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Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below. Activity Cost Activity Base Procurement $364,200 Number of purchase orders Scheduling 243,400 Number of production orders Materials handling 417,300 Number of moves Product development 773,900 Number of engineering changes Production 1,428,300 Machine hours Number of Number of Number Number of Number Purchase Production of Engineering Machine of Orders Orders Moves Changes Hours Units Disk drives 4,120 270 1,500 11 2,200 2,100 Tape drives 2,400 245 500 7 8,500 3,500 Wire drives 11,500 790 3,500 21 10,700 2,400 The activity-based cost for each tape drive unit is Oa. $291.69 Ob. $239.52 Oc. $740.06 Od. $20.21
Required information Use the following information for the Quick Studies below. (Algo) Rafner Manufacturing has the following budgeted data for its two production departments. Budgeted Data Overhead cost Direct labor hours Machine hours. Assembly 12,600 direct labor hours 5,400 machine hours Department Assembly Finishing Total $ 1,461,600 QS 17-8 (Algo) Allocating overhead with departmental rates LO P2 Allocate overhead to a job that uses 76 direct labor hours in the Assembly department and uses 62 machine hours in the Finishing department. Departmental Overhead Rate Hours Used $939,400 Finishing 19,400 direct labor hours 15,400 machine hours $ $ Overhead Allocated 0 0 0
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Wilco Inc. allocates overhead on the basis of direct labor hours. They report the following budgeted and actual data: Budgeted MOH Actual MOH Budgeted Direct Labor Hours Budgeted Machine Hours Actual Direct Labor Hours Actual Machine Hours How much is MOH Over/Under allocated for the period? O Underallocated by $4000 O Underallocated by $2000 Overallocated by $2000 O Overallocated by $4000 $80,000 $82,000 80,000 40,000 78,000 43,000
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