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Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for this year follow. Direct labor hours Machine hours Overhead costs Molding 50,000 DLH 36,500 MH $780,000 Trimming 48,000 DLH 4,100 MH $550,000 Data for two special-order parts to be manufactured by the company in this year follow. Part A27C 10,200 units Part X82B Number of units Machine hours Molding Trimming Direct labor hours 51,500 units 6,200 MH 3,800 MH 1,240 MH 950 MH Molding Trimming 5,000 DLH 500 DLH 2,850 DLH 2,500 DLH Required: 1. Compute the plantwide overhead rate using direct labor hours as the base. 2. Determine the overhead cost assigned to each product line using the plantwide rate computed in requirement 1.

Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for this year follow. Direct labor hours Machine hours Overhead costs Molding 50,000 DLH 36,500 MH $780,000 Trimming 48,000 DLH 4,100 MH $550,000 Data for two special-order parts to be manufactured by the company in this year follow. Part A27C 10,200 units Part X82B Number of units Machine hours Molding Trimming Direct labor hours 51,500 units 6,200 MH 3,800 MH 1,240 MH 950 MH Molding Trimming 5,000 DLH 500 DLH 2,850 DLH 2,500 DLH Required: 1. Compute the plantwide overhead rate using direct labor hours as the base. 2. Determine the overhead cost assigned to each product line using the plantwide rate computed in requirement 1.

FINANCIAL ACCOUNTING
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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Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for this year follow. Molding 50,000 DLH 36,500 MH $780,000 Trimming 48,000 DLH 4,100 MH $550,000 Direct labor hours Machine hours Overhead costs Data for two special-order parts to be manufactured by the company in this year follow. Part A27C Part X82B Number of units 10,200 units 51,500 units Machine hours Molding Trimming 6,200 MH 3,800 MH 1,240 MH 950 MH Direct labor hours Molding Trimming 5,000 DLH 2,850 DLH 2,500 DLH 500 DLH Required: 1. Compute the plantwide overhead rate using direct labor hours as the base. 2. Determine the overhead cost assigned to each product line using the plantwide rate computed in requirement 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the overhead cost assigned to each product line using the plantwide rate computed in requirement 1. (Round "OH rate" to 2 decimal places.) Activity Driver Plantwide OH rate Total Overhead Cost Part
Transcribed Image Text:Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for this year follow. Molding 50,000 DLH 36,500 MH $780,000 Trimming 48,000 DLH 4,100 MH $550,000 Direct labor hours Machine hours Overhead costs Data for two special-order parts to be manufactured by the company in this year follow. Part A27C Part X82B Number of units 10,200 units 51,500 units Machine hours Molding Trimming 6,200 MH 3,800 MH 1,240 MH 950 MH Direct labor hours Molding Trimming 5,000 DLH 2,850 DLH 2,500 DLH 500 DLH Required: 1. Compute the plantwide overhead rate using direct labor hours as the base. 2. Determine the overhead cost assigned to each product line using the plantwide rate computed in requirement 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the overhead cost assigned to each product line using the plantwide rate computed in requirement 1. (Round "OH rate" to 2 decimal places.) Activity Driver Plantwide OH rate Total Overhead Cost Part
rart AZIC Part A OD Number of units 10,200 units 51,500 units Machine hours Molding Trimming 6,200 MH 3,800 MH 1,240 MH 950 MH Direct labor hours Molding Trimming 5,000 DLH 2,850 DLH 2,500 DLH 500 DLH Required: 1. Compute the plantwide overhead rate using direct labor hours as the base. 2. Determine the overhead cost assigned to each product line using the plantwide rate computed in requirement 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the overhead cost assigned to each product line using the plantwide rate computed in requirement 1. (Round "OH rate" to 2 decimal places.) Part Activity Driver Plantwide OH rate Total Overhead Cost A27C 6,200 24 13.20 X82B 5,650 $ 13.20 24 74,580 < Required 1 Required 2
Transcribed Image Text:rart AZIC Part A OD Number of units 10,200 units 51,500 units Machine hours Molding Trimming 6,200 MH 3,800 MH 1,240 MH 950 MH Direct labor hours Molding Trimming 5,000 DLH 2,850 DLH 2,500 DLH 500 DLH Required: 1. Compute the plantwide overhead rate using direct labor hours as the base. 2. Determine the overhead cost assigned to each product line using the plantwide rate computed in requirement 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the overhead cost assigned to each product line using the plantwide rate computed in requirement 1. (Round "OH rate" to 2 decimal places.) Part Activity Driver Plantwide OH rate Total Overhead Cost A27C 6,200 24 13.20 X82B 5,650 $ 13.20 24 74,580 < Required 1 Required 2
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