Question: Ch 04 Ex 4-6 Saved Help Save & Exit Check my 1 Exercise 04-10 Assigning overhead costs using the plantwide rate and departmental rate methods

 Ch 04 Ex 4-6 Saved Help Save & Exit Check my1 Exercise 04-10 Assigning overhead costs using the plantwide rate and departmentalrate methods LO P1, P2 8 points Laval produces lamps and homelighting fixtures. Its most popular product is a brushed aluminum desk lamp.This lamp is made from components shaped in the fabricating department and

Ch 04 Ex 4-6 Saved Help Save & Exit Check my 1 Exercise 04-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 8 points Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 21,000 desk lamps produced annually follows. eBook Direct materials Direct labor Fabricating department (6,500 DLH ~ $35 per DLH) Assembly department (15,400 DLH $24 per DLH) Machine hours Fabricating department Assembly department $255,000 $227,500 $369,600 15,100 MH 20,400 MH Hint Ask Expected overhead cost and related data for the two production departments follow. Print Direct labor hours Machine hours Overhead cost Fabricating 130,000 DLH 154,000 MH $320,000 Assembly 355,000 DLH 130,000 MH $430,000 References Required 1. Determine the plantwide overhead rate for Laval using direct labor hours as a base. 2. Determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department. 4. Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps. Required 1 Required 2 Required 3 Required 4 Determine the plantwide overhead rate for Laval using direct labor hours as a base. 0 Estimated overhead costs Estimated direct labor hours Required 1 Required 2 > Required 1 Required 2 Required 3 Required 4 Determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate. 0 Total manufacturing costs Units produced Manufacturing cost per unit Required 1 Required 2 Required 3 Required 4 Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department. (Round your answers to 2 decimal places.) Departmental overhead rate MH Fabricating Assembly DLH Required 1 Required 2 Required 3 Required 4 Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps. Direct labor 0 Overhead 0 $ 0 o per unit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!