Question: PLEASE SHOW STEPS FOR HOW TO GET THOSE NUMBERS PLEASE! Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1,

 PLEASE SHOW STEPS FOR HOW TO GET THOSE NUMBERS PLEASE! Exercise

17-10 Assigning overhead costs using the plantwide rate and departmental rate methods

LO P1, P2 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

PLEASE SHOW STEPS FOR HOW TO GET THOSE NUMBERS PLEASE!

Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 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 27,000 desk lamps produced annually follows. $260,000 Direct materials Direct labor Fabricating department (6,500 DLH $32 per DLH) Assembly department (15,400 DLH x $29 per DLH) Machine hours Fabricating department Assembly department $208,000 $446,600 15,200 MH 20,500 MH Expected overhead cost and related data for the two production departments follow. Direct labor hours Machine hours Overhead cost Fabricating 150,000 DLH 174,000 MH $340,000 Assembly 290,000 DLH 125,000 MH $435,000 Required 1 Required 2 Required 3 Required 4 Determine the plantwide overhead rate for Laval using direct labor hours as a base. $ 775,000 $ 1.76 per direct labor hour Estimated overhead costs Estimated direct labor hours 440,000 Direct materials Direct Labor - Assembly Direct Labor - Fabricating Overhead $ 260,000 446,600 208,000 914,600 Total manufacturing costs Units produced Manufacturing cost per unit Departmental overhead rate MH Fabricating Assembly DLH Direct labor 0 Overhead 0 $ 0 0 per unit

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