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Shakti Company budgets overhead cost of $72,000 for the year. The company reports the following for its standard and deluxe models. Cost per Unit Direct materials Direct labor Standard $ 12 18 Deluxe $ 23 27 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,000 direct labor hours. 2. The standard model uses 2 direct labor hours per unit and the deluxe model uses 3 direct labor hours per unit. Compute overhead cost per unit for each model. 3. Compute the total product cost per unit for both models. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,000 direct labor hours. Select Numerator Select Denominator Total budgeted overhead cost Total budgeted direct labor hours $ 72,000 $ 3,600 per direct labor hour 20 × < Required 1 Required 2 >

Shakti Company budgets overhead cost of $72,000 for the year. The company reports the following for its standard and deluxe models. Cost per Unit Direct materials Direct labor Standard $ 12 18 Deluxe $ 23 27 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,000 direct labor hours. 2. The standard model uses 2 direct labor hours per unit and the deluxe model uses 3 direct labor hours per unit. Compute overhead cost per unit for each model. 3. Compute the total product cost per unit for both models. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,000 direct labor hours. Select Numerator Select Denominator Total budgeted overhead cost Total budgeted direct labor hours $ 72,000 $ 3,600 per direct labor hour 20 × < Required 1 Required 2 >

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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Shakti Company budgets overhead cost of $72,000 for the year. The company reports the following for its standard and deluxe models. Cost per Unit Direct materials Direct labor Standard $ 12 18 Deluxe $ 23 27 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,000 direct labor hours. 2. The standard model uses 2 direct labor hours per unit and the deluxe model uses 3 direct labor hours per unit. Compute overhead cost per unit for each model. 3. Compute the total product cost per unit for both models. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,000 direct labor hours. Select Numerator Select Denominator Total budgeted overhead cost Total budgeted direct labor hours $ 72,000 $ 3,600 per direct labor hour 20 × < Required 1 Required 2 >
Transcribed Image Text:Shakti Company budgets overhead cost of $72,000 for the year. The company reports the following for its standard and deluxe models. Cost per Unit Direct materials Direct labor Standard $ 12 18 Deluxe $ 23 27 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,000 direct labor hours. 2. The standard model uses 2 direct labor hours per unit and the deluxe model uses 3 direct labor hours per unit. Compute overhead cost per unit for each model. 3. Compute the total product cost per unit for both models. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,000 direct labor hours. Select Numerator Select Denominator Total budgeted overhead cost Total budgeted direct labor hours $ 72,000 $ 3,600 per direct labor hour 20 × < Required 1 Required 2 >
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