29 Jun Question Managerial Accounting 1B Financial and Managerial Accounting
QuestionQuestion
Managerial Accounting 1B
Financial and Managerial Accounting
Managerial Accounting 1B
Financial and Managerial Accounting
Chapter 17
Exercise 17-6 Plantwide overhead rate L.O. P1
[The following information applies to the questions displayed below.]
Textra Polymers produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for 2011 follow.
Molding
Trimming
Direct labor hours
52,000
DLH
48,000
DLH
Machine hours
30,500
MH
3,600
MH
Overhead costs
$
730,000
$
590,000
Data for two special order parts to be manufactured by the company in 2011 follow:
1.Exercise 17-6 Part 1
Required
1.
Compute the plantwide overhead rate using direct labor hours as the base.(Round your answer to 2 decimal places. Omit the “$” sign in your response.)
Plantwide overhead rate
2.Exercise 17-6 Part 2
2.
Determine the overhead cost assigned to each product line using the plantwide rate computed in part 1.(Round your intermediate calculations to 2 decimal places. Omit the “$” sign in your response.)
Product
Overhead cost
Part A27C
Part X82B
3.xercise 17-7 Departmental overhead rates L.O. P2
Textra Polymers produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for 2011 follow.
Molding
Trimming
Direct labor hours
52,000
DLH
48,000
DLH
Machine hours
30,500
MH
3,600
MH
Overhead costs
$
730,000
$
590,000
Data for two special order parts to be manufactured by the company in 2011 follow:
Required
1.
Compute a departmental overhead rate for the molding department based on machine hours and a department overhead rate for the trimming department based on direct labor hours.(Round your answers to 2 decimal places. Omit the “$” sign in your response.)
Department
Overhead rate
Molding
Trimming
2.
Determine the total overhead cost assigned to each product line using the departmental overhead rates from requirement 1.(Round your intermediate calculations to 2 decimal places and final answers to whole dollar amount. Omit the “$” sign in your response.)
Product
Molding
Trimming
Total overhead
cost
Part A27C
Part X82B
3.
Determine the overhead cost per unit for each product line using the departmental rate..(Round your answers to 2 decimal places. Omit the “$” sign in your response.)
Product
Overhead cost
Part A27C
Part X82B
4.Exercise 17-9 Using the plantwide Overhead rate to assess prices L.O. A1, P1
Real Cool produces two different models of air conditioners. The company produces the mechanical systems in their components department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, and drivers associated with these two manufacturing processes and the production support process follow.
Additional production information concerning its two product lines follows.
Required
1.
Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line.(Round your intermediate calculations and final answers to 2 decimal places. Omit the “$” sign in your response.)
Product
Overhead cost
Model 145
Model 212
2.
Determine the total cost per unit for each products line if the direct labor and direct materials costs per unit are $250 for Model 145 and $180 for Model 212.(Round your intermediate and final answers to 2 decimal places. Omit the “$” sign in your response.)
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.