The total factory overhead for Big Light Company is budgeted for the year at $1,610,700. Big Light manufactures two different products: night lights and desk lamps. Night lights are budget Each night light requires 2 hours of direct labor. Desk lamps are budgeted for 17,600 units. Each desk lamp requires 3 hours of direct labor. a Determine the total number of budgeted direct labor hours for the year. direct labor hours b Determine the single plantwide factory overhead rate using direct labor hours as the allocation base. Round your answer to two decimal places. per direct labor hour c Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate determined in (b). Round your answers to two decimal places. Night Lights per unit Desk Lamps per unit

The total factory overhead for Big Light Company is budgeted for the year at $1,610,700. Big Light manufactures two different products: night lights and desk lamps. Night lights are budget Each night light requires 2 hours of direct labor. Desk lamps are budgeted for 17,600 units. Each desk lamp requires 3 hours of direct labor. a Determine the total number of budgeted direct labor hours for the year. direct labor hours b Determine the single plantwide factory overhead rate using direct labor hours as the allocation base. Round your answer to two decimal places. per direct labor hour c Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate determined in (b). Round your answers to two decimal places. Night Lights per unit Desk Lamps per unit

Name: toIM00F.%243.%23MapsResearch Paper On..E ReThe total factory overhead
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Description: toIM00F.%243.%23MapsResearch Paper On..E ReThe total factory overhead for Big Light Company is budgeted for the year at $1,610,700. Big Light manufactures two different products: night lights and desk lamps. Night lights are budgeted for 14.900 unit

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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Morris Company allocates manufacturing overhead based on machine hours. Each chair produced should require 4 machine hours. According to the static budget, the following is expected to incur: 2,200 machine hours per month (550 chairs x 4 hours per chair) $11,440 in variable manufacturing overhead costs $9,000 in fixed manufacturing overhead costs During January, Morris Company actually used 2,100 machine hours to make 510 chairs. The company spent $6,800 in variable manufacturing overhead costs and $9,100 in fixed manufacturing overhead costs. What is the fixed overhead cost variance?
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