Tacoma Accessories makes two laptop cases, Plastic and Leather, that require direct materials, direct labor, and...
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Tacoma Accessories makes two laptop cases, Plastic and Leather, that require direct materials, direct labor, and overhead. The following data refer to operations expected for next quarter: Revenue Direct material Direct labor Overhead: Material handling overhead Fabrication overhead Plastic $570,000 270,000 150,000 a. Material handling predetermined rate b. Fabrication predetermined rate c. Total overhead (Plastic) d. Total overhead (Leather) Required: a. Compute the material handling overhead rate for next quarter. b. Compute the fabrication overhead rate for next quarter. c. What is the total overhead allocated to the Plastic case next quarter? d. What is the total overhead allocated to the Leather case next quarter? Leather $ 590,000 350,000 130,000 Tacoma uses a two-stage cost allocation system: It uses direct-material costs to allocate material handling overhead and direct-labor costs to allocate fabrication overhead costs. $ $ Total $ 1,160,000 620,000 280,000 237,097 277,903 229,400 285,600 20% of direct-materials cost 46% of direct-labor cost Tacoma Accessories makes two laptop cases, Plastic and Leather, that require direct materials, direct labor, and overhead. The following data refer to operations expected for next quarter: Revenue Direct material Direct labor Overhead: Material handling overhead Fabrication overhead Plastic $570,000 270,000 150,000 a. Material handling predetermined rate b. Fabrication predetermined rate c. Total overhead (Plastic) d. Total overhead (Leather) Required: a. Compute the material handling overhead rate for next quarter. b. Compute the fabrication overhead rate for next quarter. c. What is the total overhead allocated to the Plastic case next quarter? d. What is the total overhead allocated to the Leather case next quarter? Leather $ 590,000 350,000 130,000 Tacoma uses a two-stage cost allocation system: It uses direct-material costs to allocate material handling overhead and direct-labor costs to allocate fabrication overhead costs. $ $ Total $ 1,160,000 620,000 280,000 237,097 277,903 229,400 285,600 20% of direct-materials cost 46% of direct-labor cost
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Given that Material handling overhead 319200 Fabrication overhead 525000 Total direct material costs 760000 Total direct labor costs 420000 A Material handling predetermined overhead rate Material handling overhead total direct material costs100 319200 760000100 042100 42 Material handling predetermined rate 42 of direct material cost ... View the full answer
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