Question: Check my work Problem 17-4A (Algo) Using departmental overhead rate method to compute overhead cost per unit, product cost per unit, and gross profit


Check my work Problem 17-4A (Algo) Using departmental overhead rate method to compute overhead cost per unit, product cost per unit, and gross profit per unit LO P2 Bike-O-Rama produces two bike models: Voltage and EasyRider. Departmental overhead data follow. 3 points eBook Ask Print References Graw Hill Department Fabricating Assembly Required: Budgeted Cost $ 147,000 145,200 Allocation Base Machine hours (MH) Direct labor hours (DLH) Budgeted Usage 9,800 MH 3,300 DLH 1. Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct labor hours 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 2.0 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 $ 290 195 Direct Materials $ 108 98 Direct Labor $ 47 20 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. abricatin de artme talo r ea prey. 3 Next >
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
