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[The following information applies to the questions displayed below.] Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $250,000 in the Molding department and $210,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Part Z Part X Totals Number of Units 3,000 4,000 Molding Department Hours per Unit 2.0 MH per unit 2.5 MH per unit Total Hours 6,000 MH 10,000 MH 16,000 MH ercise 17-7 (Algo) Plantwide overhead rate LO P1 Trimming Department Hours per Unit 3 DLH per unit 4 DLH per unit Total Hours 9,000 DLH 16,000 DLH 25,000 DLH

[The following information applies to the questions displayed below.] Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $250,000 in the Molding department and $210,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Part Z Part X Totals Number of Units 3,000 4,000 Molding Department Hours per Unit 2.0 MH per unit 2.5 MH per unit Total Hours 6,000 MH 10,000 MH 16,000 MH ercise 17-7 (Algo) Plantwide overhead rate LO P1 Trimming Department Hours per Unit 3 DLH per unit 4 DLH per unit Total Hours 9,000 DLH 16,000 DLH 25,000 DLH

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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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $250,000 in the Molding department and $210,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Part Z Part X Totals. Number of Units 3,000 4,000 Molding Department Hours per Unit 2.0 MH per unit 2.5 MH per unit Total Hours 6,000 MH 10,000 MH1 16,000 MH Exercise 17-7 (Algo) Plantwide overhead rate LO P1 Complete this question by entering your answers in the tabs below. Required: 1. Compute the plantwide overhead rate using direct labor hours as the allocation base. 2. Determine the overhead cost per unit for each part using the plantwide rate. Required 1 Hours per Unit 3 DLH per unit 4 DLH per unit Required 1 Required 2 Compute the plantwide overhead rate using direct labor hours as the allocation base. Trimming Department Required 2 > Total Hours 9,000 DLH 16,000 DLH 25,000 DLH
Transcribed Image Text:Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $250,000 in the Molding department and $210,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Part Z Part X Totals. Number of Units 3,000 4,000 Molding Department Hours per Unit 2.0 MH per unit 2.5 MH per unit Total Hours 6,000 MH 10,000 MH1 16,000 MH Exercise 17-7 (Algo) Plantwide overhead rate LO P1 Complete this question by entering your answers in the tabs below. Required: 1. Compute the plantwide overhead rate using direct labor hours as the allocation base. 2. Determine the overhead cost per unit for each part using the plantwide rate. Required 1 Hours per Unit 3 DLH per unit 4 DLH per unit Required 1 Required 2 Compute the plantwide overhead rate using direct labor hours as the allocation base. Trimming Department Required 2 > Total Hours 9,000 DLH 16,000 DLH 25,000 DLH
Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $250,000 in the Molding department and $210,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Part Z Part X Totals Number of Units 3,000 4,000 Molding Department Hours per Unit 2.0 MH per unit 2.5 MH per unit Exercise 17-7 (Algo) Plantwide overhead rate LO P1 Total Hours 6,000 MH 10,000 MH 16,000 MH Part Z X Required: 1. Compute the plantwide overhead rate using direct labor hours as the allocation base. 2. Determine the overhead cost per unit for each part using the plantwide rate. Complete this question by entering your answers in the tabs below. Plantwide Overhead Rate Required 1 Required 2 Determine the overhead cost per unit for each part using the plantwide rate. (Round "Plantwide Overhead Rate" and "Overhead cost per unit" to 2 decimal places.) Trimming Department Hours per Unit 3 DLH per unit 4 DLH per unit Activity Usage < Required 1 Total Hours 9,000 DLH 16,000 DLH 25,000 DLH Required Overhead cost per unit
Transcribed Image Text:Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $250,000 in the Molding department and $210,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Part Z Part X Totals Number of Units 3,000 4,000 Molding Department Hours per Unit 2.0 MH per unit 2.5 MH per unit Exercise 17-7 (Algo) Plantwide overhead rate LO P1 Total Hours 6,000 MH 10,000 MH 16,000 MH Part Z X Required: 1. Compute the plantwide overhead rate using direct labor hours as the allocation base. 2. Determine the overhead cost per unit for each part using the plantwide rate. Complete this question by entering your answers in the tabs below. Plantwide Overhead Rate Required 1 Required 2 Determine the overhead cost per unit for each part using the plantwide rate. (Round "Plantwide Overhead Rate" and "Overhead cost per unit" to 2 decimal places.) Trimming Department Hours per Unit 3 DLH per unit 4 DLH per unit Activity Usage < Required 1 Total Hours 9,000 DLH 16,000 DLH 25,000 DLH Required Overhead cost per unit
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