Using plant wide FOH rate based on direct labor, how much is the FOH rate per unit Assume in Assembly department, machine hours is the basis in calculating the FOH rate what is the departmental FOH rate per unit Assume in Finishing department, direct labor hours is the basis in calculating the FOH rate. What is the departmental foh rate per unit? YD corp has two departments assembly and finishinghe following are data available for two departments in 2021AssemblyFinishingMachine hours per unitDirect labor hours10 hr5 hr2 hr1 hrBudgeted (estimated)FOH325,000 hr175,000 hrBudgeted machine hoursBudgeted direct labor hours15,000 hr2,500 hr3,000 hr2,000 hr

The predetermined overhead rate is calculated as estimated overhead cost divided by estimated base…

Using plant wide FOH rate based on direct labor, how much is the FOH rate per unit Assume in Assembly department, machine hours is the basis in calculating the FOH rate what is the departmental FOH rate per unit Assume in Finishing department, direct labor hours is the basis in calculating the FOH rate. What is the departmental foh rate per unit?

Using plant wide FOH rate based on direct labor, how much is the FOH rate per unit Assume in Assembly department, machine hours is the basis in calculating the FOH rate what is the departmental FOH rate per unit Assume in Finishing department, direct labor hours is the basis in calculating the FOH rate. What is the departmental foh rate per unit?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Cost per Equivalent Unit—FIFO Method Superior Micro Products uses the FIFO method in its process costing system. Data for the Assembly Department for May appear below: Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total.
A. How much overhead will be assigned to each product if these three cost drivers are used to allocate overhead? What is the total cost per unit produced for each product? B. How much of the overhead will be assigned to each product if direct labor cost is used to allocate overhead? What is the total cost per unit produced for each product?
a. Determine the tvio production department factory overhead rates. Pattern Department per dlh HIP Jad b. Use the tvo production department factory overhead rates to dezermine the factory overheed per unit for each product. Cut and Sevw Department Small glove per unit nAr iinit
what is the labor-related activity cost pool per DLH what is the machine-related activity cost pool per MH what is the machine setups activity cost pool per seteup what is the production orders activity cost per order what is the product testing activity cost per test what is the packaging activity cost per package what is the general factory activity cost per DLH
Cost per Equivalent Unit—Weighted-Average Method Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below: Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total.
Single Plantwide and Multiple Production Department Factory Overhead Rate Methods and Product Cost Distortion The management of Nova Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication and Assembly. Management needs accurate product cost information in order to guide product strategy. Presently, the company uses a single plantwide factory overhead rate for allocating factory overhead to the two products. However, management is considering the multiple production department factory overhead rate method. The following factory overhead was budgeted for Nova: $765,000 315,000 $1,080,000 Fabrication Department factory overhead Assembly Department factory overhead Total Direct labor hours were estimated as follows: Fabrication Department Assembly Department Total In addition, the direct labor hours (dlh) used to produce a unit of each product in each department were determined from engineering records, as follows: Production Departments…
Activity-Based Costing CardioTrainer Equipment Company manufactures stationary bicycles and treadmills. The products are produced in the Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows: Activity Activity Rate Fabrication $22 per machine hour (mh) Assembly $12 per direct labor hour (dlh) Setup $40 per setup Inspecting $18 per inspection Production scheduling $8 per production order Purchasing $5 per purchase order The activity-base usage quantities and units produced for each product were as follows: Stationary Bicycle Treadmill Machine hours 1,680 1,070 Direct labor hours 243 131 Setups 45 20 Inspections 158 94 Production orders 60 32 Purchase orders 240 98 Units produced 500 350
10. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? 11. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q? 12. If Job P includes 20 units, what is its unit product cost?
Which costing method is likely to provide the most accurate product cost? a. Volume-based costing using direct labor hours to allocate overhead b. Volume-based costing using a plantwide overhead rate c. Normal costing using a plantwide overhead rate d. Activity-based costing
Way Cool produces two different models of air conditioners. The company produces the mechanical systems in their components department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, and drivers associated with these two manufacturing processes and the production support process follow. (Loss amounts should be indicated with a minus sign. Round your intermediate calculations and round "Cost per unit and OH rate" answers to 2 decimal places.) Process Activity Components Changeover Machining Overhead Cost $ 500,000 279,000 225,000 $1,004,000 Driver Quantity Number of batches Machine hours Number of setups 800 6,000 Setups 120 Finishing Welding Inspecting $ 180,300 210,000 75,000 $ 465,300 135,000 32,000 65,000 $ 232,000 Welding hours Number of inspections J,000 700 Rework Rework orders 300 Support Purchasing Providing apace Providing utilities Purchase orders Number of units 450 5,000 5,000 Number of units Additional…
Which of the following is the correct formula to compute the predetermined overhead rate? a. Estimated total manufacturing overhead costs divided by actual total units in the allocation base. b. Estimated total manufacturing overhead costs divided by estimated total units in the allocation base. C. Actual total manufacturing overhead costs divided by estimated total units in the allocation base. O d. Estimated total units in the allocation base divided by estimated total manufacturing overhead costs.
1. Overhead is most often applied to production on the basis ofa. direct labor hours.b. machine hours.c. raw material usage.d. number of units made.e. direct labor costs.