Wiley Inc. produces two products, A and B. Presently, the company utilizes a single plantwide factoryoverhead rate for allocating overhead to products. However, management is considering moving to amultiple department rate system for allocating overhead. The current single plantwide factory overheadrate for Wiley is:TotalDLH per ProductDirectOverhead$250,00075,000$325,000Labor Hours10,00012,00022,000A.B164Painting Dept.Finishing Dept.1642020TotalsOAnswernot shownO$14.77 per dlh0:520.77 per dlh525.00pcr dlh Using a single plantwide rate and data from Wiley Inc, the factory overhead allocated per unit of Product Ain the Painting Department isO$147.70 per unit$295.45 per unitO $236.32 per unitO$161.00 per unit

Single plantwide predetermined overhead rate = Overhead cost / Total DLHs

Wiley Inc. produces two products, A and B. Presently, the company utilizes a single plantwide factory overhead rate for allocating overhead to products. However, management is considering moving to a multiple department rate system for allocating overhead. The current single plantwide factory overhead rate for Wiley is: Total DLH per Product Direct Labor Hours 10,000 12,000 22,000 Overhead B 4. $250,000 75,000 $325,000 16 Painting Dept. Finishing Dept. Totals 4. 16 20 20 %3D O Answer not shown O $14.77 per dlh O 520.77 per dih O $25.00 per dih

Wiley Inc. produces two products, A and B. Presently, the company utilizes a single plantwide factory overhead rate for allocating overhead to products. However, management is considering moving to a multiple department rate system for allocating overhead. The current single plantwide factory overhead rate for Wiley is: Total DLH per Product Direct Labor Hours 10,000 12,000 22,000 Overhead B 4. $250,000 75,000 $325,000 16 Painting Dept. Finishing Dept. Totals 4. 16 20 20 %3D O Answer not shown O $14.77 per dlh O 520.77 per dih O $25.00 per dih

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 5PB: Wrappers Tape makes two products: Simple and Removable. It estimates it will produce 369,991 units...

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