Wall Nuts, Incorporated produces paneling that requires two processes, A and B, to complete. Oak is the best-selling type of paneling produced. Information related to the 40,000 units of oak paneling produced annually is shown in the following table Direct materials Direct labor Department A (6,000 DLH x $25 per DLH) Department B (35,125 DLH x $16 per DLH) Machine Hours Direct labor hours Machine hours Budgeted overhead costs Department A Department B 24,000MH 32,000MH Wall Nuts' total expected overhead costs and related overhead data are shown below. Department A 67,000 DLH 100,000MM 450,000 Multiple Choice $36.00 $27.30 $ 380,000 $ Use the above data for Wall Nuts, Incorporated to compute the total product cost per unit of oak paneling assuming the company uses departmental overhead rates based on machine hours in Department A and machine hours in Department B $18.20 $ 150,000 $ 562,000 $8.70 Department B 170,000 DLH 80,000 MH $ 600,000

Wall Nuts, Incorporated produces paneling that requires two processes, A and B, to complete. Oak is the best-selling type of paneling produced. Information related to the 40,000 units of oak paneling produced annually is shown in the following table Direct materials Direct labor Department A (6,000 DLH x $25 per DLH) Department B (35,125 DLH x $16 per DLH) Machine Hours Direct labor hours Machine hours Budgeted overhead costs Department A Department B 24,000MH 32,000MH Wall Nuts' total expected overhead costs and related overhead data are shown below. Department A 67,000 DLH 100,000MM 450,000 Multiple Choice $36.00 $27.30 $ 380,000 $ Use the above data for Wall Nuts, Incorporated to compute the total product cost per unit of oak paneling assuming the company uses departmental overhead rates based on machine hours in Department A and machine hours in Department B $18.20 $ 150,000 $ 562,000 $8.70 Department B 170,000 DLH 80,000 MH $ 600,000

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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