Bike-O-Rama produces two bike models: Voltage and EasyRider. Departmental overhead data follow. Department Fabricating Assembly Required:...
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Bike-O-Rama produces two bike models: Voltage and EasyRider. Departmental overhead data follow. Department Fabricating Assembly Required: Budgeted Cost $ 127,400 156,000 Allocation Base Machine hours (MH) Budgeted Usage Direct labor hours (DLH) 9,100 MH 2,600 DLH 1. Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct labor ho to allocate budgeted Assembly costs. 2. The company reports the following actual production usage data. Compute the overhead cost per unit for each model. Machine hours per unit Direct labor hours per unit Voltage 2.0 MH 1.6 DLH EasyRider 4.0 MH 0.5 DLH 3. The company reports additional Information below. For each model, compute the product cost per unit. Per Unit Voltage EasyRider Selling Price $ 290 180 Direct Materials $ 101 91 Direct Labor $ 49 13 4. For each model, compute gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct labor hours to allocate budgeted Assembly costs. Fabricating departmental overhead rate Assembly departmental overhead rate The company reports the following actual production usage data. Compute the overhead cost per unit for each model. Note: Round your "Hours per unit" amounts to 1 decimal place and other answers to 2 decimal places. Department Fabricating Assembly Totals Voltage EasyRider Departmental Overhead Rate Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated < Required 1 $ 0.00 Required 3 > The company reports additional information below. For each model, compute the product cost per unit. Note: Round your answers to 2 decimal places. Per Unit Direct Materials Voltage EasyRider Direct Labor Overhead Product Cost per Unit 0.00 0.00 < Required 2 Required 4 > For each model, compute gross profit per unit (selling price per unit minus product cost per unit). Note: Round your answers to 2 decimal places. Per Unit Voltage EasyRider Selling Price Product Cost Gross Profit $ 0.00 $ 0.00 < Required 3 Required 4 > $ 0.00 Bike-O-Rama produces two bike models: Voltage and EasyRider. Departmental overhead data follow. Department Fabricating Assembly Required: Budgeted Cost $ 127,400 156,000 Allocation Base Machine hours (MH) Budgeted Usage Direct labor hours (DLH) 9,100 MH 2,600 DLH 1. Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct labor ho to allocate budgeted Assembly costs. 2. The company reports the following actual production usage data. Compute the overhead cost per unit for each model. Machine hours per unit Direct labor hours per unit Voltage 2.0 MH 1.6 DLH EasyRider 4.0 MH 0.5 DLH 3. The company reports additional Information below. For each model, compute the product cost per unit. Per Unit Voltage EasyRider Selling Price $ 290 180 Direct Materials $ 101 91 Direct Labor $ 49 13 4. For each model, compute gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct labor hours to allocate budgeted Assembly costs. Fabricating departmental overhead rate Assembly departmental overhead rate The company reports the following actual production usage data. Compute the overhead cost per unit for each model. Note: Round your "Hours per unit" amounts to 1 decimal place and other answers to 2 decimal places. Department Fabricating Assembly Totals Voltage EasyRider Departmental Overhead Rate Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated < Required 1 $ 0.00 Required 3 > The company reports additional information below. For each model, compute the product cost per unit. Note: Round your answers to 2 decimal places. Per Unit Direct Materials Voltage EasyRider Direct Labor Overhead Product Cost per Unit 0.00 0.00 < Required 2 Required 4 > For each model, compute gross profit per unit (selling price per unit minus product cost per unit). Note: Round your answers to 2 decimal places. Per Unit Voltage EasyRider Selling Price Product Cost Gross Profit $ 0.00 $ 0.00 < Required 3 Required 4 > $ 0.00
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