Single plantwide factory overhead rateSpotted Cow Dairy Company manufactures three products-whole milk, skim milk, and cream-in two production departments, Blending and Packing. The factory overhead for Spotted Cow Dairy is $403,200.The three products consume both machine hours and direct labor hours in the two production departments as follows:Direct LaborBlending DepartmentWhole milkSkim milkCreamSubtotalPacking DepartmentWhole milkSkim mikCreamSub totalTotalDirect labor hour overhead rateMachine hour everhead rate sHours360390Direct labor hoursMachine hours3101,0604007602201,4607,570MachineHours9701003502,200Required:1. Determine the single plantwide factory overhead rate, using each of the following location bases: (a) direct labor hours and (b) machine hours. If required, round all amounts to the nearest dollar.6002101,4003,600per direct labor hourper machine hour2. Determine the product factory overhead costs, wing (a) the direct labior hour startside factory overhead rate aWhole MilkSkim MikCream

1. Single plant-wide overhead rate: Direct labor hour overhead rate=$403,2002,520=$160 per hour…

Single plantwide factory overhead rate Spotted Cow Dairy Company manufactures three products-whole milk, skim milk, and cream-in two production departments, Blending and Packing. The factory overhead for Spotted Cow Dairy is $403,200. The three products consume both machine hours and direct labor hours in the two production departments as follows: Direct Labor Hours Blending Department Whole milk Skim milk Cream Sub total Packing Department Whole milk Cream Sub total Required: Direct labor hour everhead rate Machine hour everhead rate) 360 390 310 400 Direct labor hours Hachine hours 760 220 1,460 Machine Hours 3. Determine the single plantwide factory overhead rate, using each of the follow per direct labor hour 970 N 350 2,200 per machine hour 530 660 210 1,400 3.600 location bases: (a) direct labor l 7. Determine the product factory overheat costs, wing (a) the direct labor hour partide factory overhead rate and (b) the mad Whole Milk Cream 100 and (b) machine hours. If required, round all amounts to the nearest dollar.

Single plantwide factory overhead rate Spotted Cow Dairy Company manufactures three products-whole milk, skim milk, and cream-in two production departments, Blending and Packing. The factory overhead for Spotted Cow Dairy is $403,200. The three products consume both machine hours and direct labor hours in the two production departments as follows: Direct Labor Hours Blending Department Whole milk Skim milk Cream Sub total Packing Department Whole milk Cream Sub total Required: Direct labor hour everhead rate Machine hour everhead rate) 360 390 310 400 Direct labor hours Hachine hours 760 220 1,460 Machine Hours 3. Determine the single plantwide factory overhead rate, using each of the follow per direct labor hour 970 N 350 2,200 per machine hour 530 660 210 1,400 3.600 location bases: (a) direct labor l 7. Determine the product factory overheat costs, wing (a) the direct labor hour partide factory overhead rate and (b) the mad Whole Milk Cream 100 and (b) machine hours. If required, round all amounts to the nearest dollar.

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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