10. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use...

Transcribed Image Text:

10. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. (Round "Hours per unit" to one decimal place.) Model A Model T Department. Departmental Overhead Rate Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated Assembly Finishing Totals $ 0 < Req 1A $ 0 Req 2 > 10. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 Compute the total product cost per unit for each model. Per Unit Model A Model T Direct Materials Direct Labor Overhead Product Cost per Unit < Req 1B Req 3 > 1a. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). (A negative gross profit should be indicated with a minus sign.) Per Unit Model A Model T Selling Price Product Cost Gross Profit < Req 2 Req 3 > Real Cool produces air conditioners in two departments: Assembly and Finishing. Budgeted information follows. Department Assembly Finishing Budgeted Cost $ 279,000 16,000 Allocation Base Machine hours Direct labor hours Budgeted Usage 6,200 machine hours 3,200 direct labor hours Additional production information for two models of its air conditioners follows. Per unit Selling price Model A Model T $ 420 $ 440 Direct materials 110 Direct labor 160 100 170 Units produced Assembly machine hours per unit Model A 400 2 MH Model T 500 4 MH Finishing direct labor hours per unit 3 DLH 4 DLH 1a. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). 10. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. (Round "Hours per unit" to one decimal place.) Model A Model T Department. Departmental Overhead Rate Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated Assembly Finishing Totals $ 0 < Req 1A $ 0 Req 2 > 10. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 Compute the total product cost per unit for each model. Per Unit Model A Model T Direct Materials Direct Labor Overhead Product Cost per Unit < Req 1B Req 3 > 1a. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). (A negative gross profit should be indicated with a minus sign.) Per Unit Model A Model T Selling Price Product Cost Gross Profit < Req 2 Req 3 > Real Cool produces air conditioners in two departments: Assembly and Finishing. Budgeted information follows. Department Assembly Finishing Budgeted Cost $ 279,000 16,000 Allocation Base Machine hours Direct labor hours Budgeted Usage 6,200 machine hours 3,200 direct labor hours Additional production information for two models of its air conditioners follows. Per unit Selling price Model A Model T $ 420 $ 440 Direct materials 110 Direct labor 160 100 170 Units produced Assembly machine hours per unit Model A 400 2 MH Model T 500 4 MH Finishing direct labor hours per unit 3 DLH 4 DLH 1a. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit).