roduce 10.000 basic trophies and 5,000 deluxe trophies. Manufacturing takes place in two production general overhead....

 

 

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roduce 10.000 basic trophies and 5,000 deluxe trophies. Manufacturing takes place in two production general overhead. In the assembly department, all indirect manufacturing costs are accumulated in one they are formed in batches of 50. Data Table ad The controler has asked you to compare plant-wide, department, and actvity-based cost allocation Tribute Budgeted Information for the Year Ended November 30, 2017 Forming Department Basic Deluxe Total Direct materials 26.000 S 23,000 S 49,000 Direct manutacturning labor ॐ2300 7.700 Overtead costs set up 50.950 General overhead 22.400 Assemby Department Basic Deluxe Total Direct materials 5,100 S 23.400 S 28,500 Direct manufacturng labor 15,600 20.400 36,000 Overhead costs General overhead 64,800 Print Done Tribute Inc. makes two styles of trophies, basic and deluxe, and operates at capacity. Tribute does large custom orders. Tribute budgets to produce 10,000 basic trophies and 5,000 deluxe trophies. Manufacturing takes place in two production departments : forming and assembly. In the forming department, indirect manufacturing costs are accumulated in two cost pools, set up and general overhead. In the assemblydepartment, all indirect manufacturing costs are accumulated in one general overhead cost pool. The basic trophies are formed in batches of 200 but because of the more intricate detail of the deluxe trophies, they are formed in batches of 50. Requirement 1. Calculate the budgeted unit cost of basic and deluxe trophies based on a single plant-wide overhead rate, if tot labor cost in your unit cost calculation.) Start by calculating the total direct costs for the basic and deluxe trophies departments. Total Basic Deluxe Direct materials 26,000 $ 23,000 $ 49.000 Forming 5,100 23,400 28,500 Assembly 31,100 46,400 77,500 Total direct materials Direct manufacturing labor 32,300 7,700 40,000 Forming 15,600 20,400 36,000 Assembly 47,900 28,100 76,000 Total direct manufacturing labor 79,000 $ 74,500 S 153,500 Total direct costs Next, calculate the budgeted overhead rate for total overhead alocated based on total direct costs. First select the formula, then enter the applicable ame used. DC = Direct cost. DL Direct labor, $ = dollar.) Totat direct costs Budgeted overhead rate Total overhead costs 153.500 S0.90 Der DCS 138.150 Enter any number in the edit fields and then click Check Answer Finally, calculate unit cost for the basic and deluxe trophies. (Round your final answer to the nearest cent, $X.XX.) Basic Deluxe Total Total direct costs 79,000 S 74,500 $ 153,500 Allocated overhead 71,100 67,050 138,150 Total costs 150,100 $ 141,550 $ 291,650 15.01 s 28.31" Unit cost Requirement 2. Calculate the budgeted unit cost of basic and deluxe trophies based on departmental overhead rates, where fo and assembly department overhead costs are allocated based on total direct manufacturing labor costs of the assembly departr Start by calculating the budgeted overhead rate for the forming and assembly departments based on direct manufacturing labor overhead rates to the nearest cent, SX XX) Budgeted overhead costs Budgeted direct labor costs Budgeted overhead rate Forming 2. 73,350 %24 40,000 1.83 per DC $ Assembly S 64,800 36,000 1.80 per DC S Finally, calculate the unit cost for the basic and deluxe trophies. (Round your final answer to the nearest cent Y YY Finally, calculate the unit cost for the basic and deluxe trophies. (Round your final answer to the nearest cent, $XXX.) Basic Deluxe Total 79,000 S 74,500 $ 153,500 Total direct costs Allocated overhead 58,300 30,700 73,350 Forming Department 20,700 43,800 64,800 Assembly Department 79,000 74,500 291,650 Total costs 7.90 14.9 Unit cost roduce 10.000 basic trophies and 5,000 deluxe trophies. Manufacturing takes place in two production general overhead. In the assembly department, all indirect manufacturing costs are accumulated in one they are formed in batches of 50. Data Table ad The controler has asked you to compare plant-wide, department, and actvity-based cost allocation Tribute Budgeted Information for the Year Ended November 30, 2017 Forming Department Basic Deluxe Total Direct materials 26.000 S 23,000 S 49,000 Direct manutacturning labor ॐ2300 7.700 Overtead costs set up 50.950 General overhead 22.400 Assemby Department Basic Deluxe Total Direct materials 5,100 S 23.400 S 28,500 Direct manufacturng labor 15,600 20.400 36,000 Overhead costs General overhead 64,800 Print Done Tribute Inc. makes two styles of trophies, basic and deluxe, and operates at capacity. Tribute does large custom orders. Tribute budgets to produce 10,000 basic trophies and 5,000 deluxe trophies. Manufacturing takes place in two production departments : forming and assembly. In the forming department, indirect manufacturing costs are accumulated in two cost pools, set up and general overhead. In the assemblydepartment, all indirect manufacturing costs are accumulated in one general overhead cost pool. The basic trophies are formed in batches of 200 but because of the more intricate detail of the deluxe trophies, they are formed in batches of 50. Requirement 1. Calculate the budgeted unit cost of basic and deluxe trophies based on a single plant-wide overhead rate, if tot labor cost in your unit cost calculation.) Start by calculating the total direct costs for the basic and deluxe trophies departments. Total Basic Deluxe Direct materials 26,000 $ 23,000 $ 49.000 Forming 5,100 23,400 28,500 Assembly 31,100 46,400 77,500 Total direct materials Direct manufacturing labor 32,300 7,700 40,000 Forming 15,600 20,400 36,000 Assembly 47,900 28,100 76,000 Total direct manufacturing labor 79,000 $ 74,500 S 153,500 Total direct costs Next, calculate the budgeted overhead rate for total overhead alocated based on total direct costs. First select the formula, then enter the applicable ame used. DC = Direct cost. DL Direct labor, $ = dollar.) Totat direct costs Budgeted overhead rate Total overhead costs 153.500 S0.90 Der DCS 138.150 Enter any number in the edit fields and then click Check Answer Finally, calculate unit cost for the basic and deluxe trophies. (Round your final answer to the nearest cent, $X.XX.) Basic Deluxe Total Total direct costs 79,000 S 74,500 $ 153,500 Allocated overhead 71,100 67,050 138,150 Total costs 150,100 $ 141,550 $ 291,650 15.01 s 28.31" Unit cost Requirement 2. Calculate the budgeted unit cost of basic and deluxe trophies based on departmental overhead rates, where fo and assembly department overhead costs are allocated based on total direct manufacturing labor costs of the assembly departr Start by calculating the budgeted overhead rate for the forming and assembly departments based on direct manufacturing labor overhead rates to the nearest cent, SX XX) Budgeted overhead costs Budgeted direct labor costs Budgeted overhead rate Forming 2. 73,350 %24 40,000 1.83 per DC $ Assembly S 64,800 36,000 1.80 per DC S Finally, calculate the unit cost for the basic and deluxe trophies. (Round your final answer to the nearest cent Y YY Finally, calculate the unit cost for the basic and deluxe trophies. (Round your final answer to the nearest cent, $XXX.) Basic Deluxe Total 79,000 S 74,500 $ 153,500 Total direct costs Allocated overhead 58,300 30,700 73,350 Forming Department 20,700 43,800 64,800 Assembly Department 79,000 74,500 291,650 Total costs 7.90 14.9 Unit cost

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Ans Tribute Inc Answer 1 Calculation of single plant wide OH Rate Forming Assembly Total Note Direct Labor costs 40000 36000 76000 A Overhead costs Se... View the full answer