Question: ANSWER ONLY QUESTION 3 FORM A please Departmental Overhead Rates Lansing, Inc., provided the following data for its two producing departments: Molding Polishing Total Estimated
ANSWER ONLY QUESTION FORM A please
Departmental Overhead Rates
Lansing, Inc., provided the following data for its two producing departments:
Molding
Polishing
Total
Estimated overhead
$
$
$
Direct labor hours expected and actual:
Form A
Form B
Total
Machine hours:
Form A
Form B
Total
Machine hours are used to assign the overhead of the Molding Department, and direct labor hours are used to assign the overhead of the Polishing Department. There are units of Form A produced and sold and of Form B
Required:
Calculate the overhead rates for each department.
Molding
$
fill in the blank
per machine hour
Polishing
$
fill in the blank
per direct labor hour
Using departmental rates, assign overhead to the two products and calculate the overhead cost per unit. Round your answers to the nearest cent.
Unit Overhead Cost
Assigned unit overhead cost for Form A
$
fill in the blank
per unit
Assigned unit overhead cost for Form B
$
fill in the blank
per unit
How does this compare with the plantwide rate unit cost, using direct labor hours?
Relative to the plantwide rate, the cost
decreasedincreasedremained the sameincreased for Form A and decreasedincreasedremained the samedecreased for Form B
What if the machine hours in Molding were for Form A and for Form B and the direct labor hours used in Polishing were and respectively? Calculate the overhead cost per unit for each product using departmental rates. Round your answers to the nearest cent.
Unit Overhead Cost
Form A
$
fill in the blank
per unit
Form B
$
fill in the blank
per unit
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