**Space Antenna Corp. Manufacturing Cost Analysis**Space Antenna Corp. manufactures two types of antennas: Lo-Gain and Hi-Gain, intended for remote areas. The company plans to produce 50 Lo-Gain antennas and 325 Hi-Gain antennas.**Requirement 1:**Compute the indirect manufacturing cost per unit using direct labor hours for the single plantwide predetermined overhead allocation rate.1. **Compute the Predetermined Overhead (OH) Allocation Rate:** - Use the formula to calculate the predetermined OH allocation rate based on total direct labor hours. - Round the final answer to the nearest cent.The predetermined overhead allocation rate is _______.**Data Table:**- This table provides detailed information about the costs and allocation bases for various manufacturing activities.| Activity | Cost | Allocation Base ||-----------------------|--------|--------------------------|| Setup | $51,000| Number of setups || Machine maintenance | $42,000| Number of machine hours || **Total indirect manufacturing costs** | **$93,000** | || | Lo-Gain | Hi-Gain | Total ||--------------------------|---------|---------|-------|| Direct labor hours | 1,600 | 4,400 | 6,000 || Number of setups | 20 | 20 | 40 || Number of machine hours | 3,500 | 1,500 | 5,000 |**Instructions for Calculation:**- **Direct Labor Hours:** Sum both product types to calculate the total overhead.- **Total Costs:** Utilize the total indirect manufacturing costs for setup and machine maintenance.This analysis helps in understanding and calculating the costs associated with manufacturing Lo-Gain and Hi-Gain antennas using direct labor hours as the basis.

Name: **Space Antenna Corp. Manufacturing Cost Analysis**Space Antenna Corp
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Description: **Space Antenna Corp. Manufacturing Cost Analysis**Space Antenna Corp. manufactures two types of antennas: Lo-Gain and Hi-Gain, intended for remote areas. The company plans to produce 50 Lo-Gain antennas and 325 Hi-Gain antennas.**Requirement 1:**Co

Indirect cost is the cost involved in the process of manufacture. However, the same cannot be directly allocated to the products produced.Predetermined overhead rate=Total estimated overhead costTotal estimated Direct labor hours=$93,0006,000=$15.5 per labor hourIndirect cost per unit; L Antennas; Indirect cost per unit L=Number of machine hours×Predetermined rateUnits=3,500×$15.550=$1,085 H Antennas; Indirect cost per unit H=Number of machine hours×Predetermined rateUnits=1,500×$15.5325=$71.54

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The following information is provided for Space Antenna Corp., which manufactures two products: Lo-Gain antennas and Hi-Gain antennas for use in remote areas. E (Click the icon to view the information.) Space Antenna plans to produce 50 Lo-Gain antennas and 325 Hi-Gain antennas. Read the requirements. Requirement 1. Compute the indirect manufacturing cost per unit using direct labor hours for the single plantwide predetermined overhead allocation rate. First, compute the predetermined overhead (OH) allocation rate. (Round your answer to the nearest cent.) The predetermined overhead (OH) allocation rate is Data Table Activity Cost Allocation Base Setup 51,000 Number of setups 42,000 Number of machine hours Machine maintenance 93,000 Total indirect manufacturing costs Lo-Gain Hi-Gain Total Direct labor hours 1,600 4,400 6,000 Number of setups 20 20 40 Number of machine hours 3,500 1,500 5,000

The following information is provided for Space Antenna Corp., which manufactures two products: Lo-Gain antennas and Hi-Gain antennas for use in remote areas. E (Click the icon to view the information.) Space Antenna plans to produce 50 Lo-Gain antennas and 325 Hi-Gain antennas. Read the requirements. Requirement 1. Compute the indirect manufacturing cost per unit using direct labor hours for the single plantwide predetermined overhead allocation rate. First, compute the predetermined overhead (OH) allocation rate. (Round your answer to the nearest cent.) The predetermined overhead (OH) allocation rate is Data Table Activity Cost Allocation Base Setup 51,000 Number of setups 42,000 Number of machine hours Machine maintenance 93,000 Total indirect manufacturing costs Lo-Gain Hi-Gain Total Direct labor hours 1,600 4,400 6,000 Number of setups 20 20 40 Number of machine hours 3,500 1,500 5,000

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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