Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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 20,000 desk lamps produced annually follows. Direct materials Direct labor Fabricating department (7,000 DLH × $31 per DLH) Assembly department (15,400 DLH * $24 per DLH) Machine hours Fabricating department Assembly department 14,800 MH 21,200 MH Expected overhead cost and related data for the two production departments follow. Direct labor hours Fabricating 170,000 DLH 163,000 MH Assembly 370,000 DLH 134,000 MH Machine hours Overhead cost $310,000 $430,000 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.. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the plantwide overhead rate for Laval using direct labor hours as a base. 1.37 per direct labor hour Estimated overhead costs Estimated direct labor hours S 740,000 S 540,000 $275,000 $217,000 $369,600 Complete this question by entering your answers in the tabs below. 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. Direct Labor - Assembly S 369,600 Direct Labor - Fabricating 217,000 Direct materials 275,000 Overhead Total manufacturing costs 861,600 Units produced Manufacturing cost per unit < Required 1 Required 3 > Complete this question by entering your answers in the tabs below. 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 Fabricating MH Assembly DLH < Required 2 Required 4 > 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 materials Direct labor 0 0 o per unit Fabricating Assembly Overhead Fabricating Assembly Units produced Manufacturing cost per unit $ < Required 3 Required 4 > 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 20,000 desk lamps produced annually follows. Direct materials Direct labor Fabricating department (7,000 DLH × $31 per DLH) Assembly department (15,400 DLH * $24 per DLH) Machine hours Fabricating department Assembly department 14,800 MH 21,200 MH Expected overhead cost and related data for the two production departments follow. Direct labor hours Fabricating 170,000 DLH 163,000 MH Assembly 370,000 DLH 134,000 MH Machine hours Overhead cost $310,000 $430,000 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.. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the plantwide overhead rate for Laval using direct labor hours as a base. 1.37 per direct labor hour Estimated overhead costs Estimated direct labor hours S 740,000 S 540,000 $275,000 $217,000 $369,600 Complete this question by entering your answers in the tabs below. 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. Direct Labor - Assembly S 369,600 Direct Labor - Fabricating 217,000 Direct materials 275,000 Overhead Total manufacturing costs 861,600 Units produced Manufacturing cost per unit < Required 1 Required 3 > Complete this question by entering your answers in the tabs below. 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 Fabricating MH Assembly DLH < Required 2 Required 4 > 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 materials Direct labor 0 0 o per unit Fabricating Assembly Overhead Fabricating Assembly Units produced Manufacturing cost per unit $ < Required 3 Required 4 >
Expert Answer:
Answer rating: 100% (QA)
1Total direct labor for both departments 170000370000 540000 Total Overhead cost 31000... View the full answer
Related Book For
Financial and Managerial Accounting Information for Decisions
ISBN: 978-0078025761
6th edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
Students also viewed these accounting questions
-
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 its...
-
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...
-
A company uses departmental overhead rates based on direct labor hours. Is the sum of departmental over- or under applied factory overhead any different if a plant wide or blanket rate is used? Are...
-
In a plant producing multiple products, would absorption costing overcost or undercost the more complex products? Why?
-
Refer to Exercise 7.14. Find the following probabilities. a. No heads b. One head c. Two heads d. At least one head
-
Naomi Emery, a hardworking auto damage adjuster, has sent an e-mail request asking that her employer create a program to reimburse the tuition and book expenses for employees taking college courses....
-
The use of rock pile thermal energy storage systems has been considered for solar energy and industrial process heat applications. A particular system involves a cylindrical container, \(2...
-
SunTrust Banks owns a large block of Coca-Cola Company (Coke) common stock that it has held for many years. SunTrust indicates in a note to its financial statements that all equity securities held by...
-
For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago, the company automated a portion of its plant and at the same time introduced a second product called...
-
1. How should Ruby approach this briefing? Should she explain each mode of transportation or should she discuss only the concept of intermodal transportation? Explain your recommendation; why do you...
-
summarize below in two paragraphs the conclusion and recommendations "This research has shed light on the critical role of bridging the digital divide to address the skill gap hindering local complex...
-
Is an on point annotation from american law reports primary or secondary authority? Is an on point opinion from US supreme court which has been overturned primary or secondary authority? Explain.
-
Your client, Octavia, needs to sell quickly. She paid $250,000 for her condo, and her neighbor's condo sold two years ago for $300,000. A similar condo across town, however, recently sold for...
-
Look at the California bar, legislature, and san joaquin county, California organizations to determine which definition or definitions of "paralegal" or "legal assistant" apply in California. In...
-
You have decided to advertise your product online and you record a short video to post on social media featuring your product and playing a hit song in the background. Explain how you can do this...
-
What are similarities and differences you found in reviewing charts of various counselors at your site? In review of your site's documentation expectations, what stood out for you the most? How are...
-
SECTION A (COMPULSORY) Answer BOTH questions Question 1 (40 marks) Below is the trial balance of Primrose Ltd. as at 30th June 2020. Sales Purchases Salaries Insurance Motor vehicles at cost...
-
On average there are four traffic accidents in a city during one hour of rush-hour traffic. Use the Poisson distribution to calculate the probability that in one such hour there arc (a) No accidents...
-
E'Lonte Company began operations this year. During this first year, the company produced 300.000 units Variable costing and sold 250,000 units. Its income statement under absorption costing for this...
-
Rey Company's single product sells at a price of $216 per unit. Data for its single product for its first year of operations follow. Prepare an income statement for the year assuming (a) Absorption...
-
Trez Company began operations this year. During this first year, the company produced 100,000 units and sold 80,000 units. The absorption costing income statement for this year follows. Additional...
-
Dawson Industries began operations early in January 2024. On 31 December 2024, records showed the following asset, liability, equity, income and expense amounts: Required (a) Prepare a statement of...
-
A new business graduate with one subject of accounting prepared the financial statements below for Amirs Delivery Service at the end of the first year of operations. Additional analysis revealed the...
-
Tiffany established The Marketing Store, an Instagram management business on 1 January 2024 as a sole trader business. She contributed $10 000 in cash to the business and did not withdraw funds for...
Study smarter with the SolutionInn App