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 3 FORM A please
Departmental Overhead Rates
Lansing, Inc., provided the following data for its two producing departments:
Molding
Polishing
Total
Estimated overhead
$400,000
$80,000
$480,000
Direct labor hours (expected and actual):
Form A
1,000
5,000
6,000
Form B
4,000
15,000
19,000
Total
5,000
20,000
25,000
Machine hours:
Form A
3,500
3,000
6,500
Form B
1,500
2,000
3,500
Total
5,000
5,000
10,000
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 30,000 units of Form A produced and sold and 50,000 of Form B.
Required:
1. Calculate the overhead rates for each department.
Molding
$
fill in the blank 1
per machine hour
Polishing
$
fill in the blank 2
per direct labor hour
2. 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 3
per unit
Assigned unit overhead cost for Form B
$
fill in the blank 4
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.
3. What if the machine hours in Molding were 1,200 for Form A and 3,800 for Form B and the direct labor hours used in Polishing were 5,000 and 15,000, 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 7
per unit
Form B
$
fill in the blank 8
per unit

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