Q2 Budgeted Overhead Costs (Before any indepented cost allocations) Allocation of Plant Maintenance Allocation of Data...
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Q2 Budgeted Overhead Costs (Before any indepented cost allocations) Allocation of Plant Maintenance Allocation of Data Processing Total Budgeted Overhead of Operating Departments MH per unit Allocation base of operating departments Machining Capping Resin Application Compute the manufactured overhead allocated to each product in 2023 using department-based manufacturing overhead rates. Plant Maintenance Data Processing Machining Department Capping Department Resin Application Department 230500 -240000 9500 0 Machining ChemGuard™M 5 Machine hours Direct labor hours Units produced 55400 39,600 -95000 0 SafeStorTM 7 201925 70,800 59375 332100 ChemGuard™ 3.5 Capping SafeStor™ 2.5 112725 103,200 11875 227800 Resin Application 59750 26,400 14250 100400 Total 660300 0 0 660300 ChemGuard™ 1.5 Department Machining Department Capping Department Resin Application Department Product ChemGuard™ SafeStor™ ChemGuard™ SafeStor™ SafeStor™ Direct Labor Hours (per unit) 3.5 hours 3 hours 2 hours 3 hours 1.5 hours Salary Rate (Per Hour) $25 $25 $30 $30 $35 D- Finished Goods for 2023 Beginning inventory (Units) Beginning inventory (Total cost) Units produced Units sold Selling price per unit ChemGuard™ 150 $ 62,250 1,000 1,050 $ 650 SafeStor™ wwwmm 270 $ 193,860 1,600 1,700 $ 1,050 Q2 Budgeted Overhead Costs (Before any indepented cost allocations) Allocation of Plant Maintenance Allocation of Data Processing Total Budgeted Overhead of Operating Departments MH per unit Allocation base of operating departments Machining Capping Resin Application Compute the manufactured overhead allocated to each product in 2023 using department-based manufacturing overhead rates. Plant Maintenance Data Processing Machining Department Capping Department Resin Application Department 230500 -240000 9500 0 Machining ChemGuard™M 5 Machine hours Direct labor hours Units produced 55400 39,600 -95000 0 SafeStorTM 7 201925 70,800 59375 332100 ChemGuard™ 3.5 Capping SafeStor™ 2.5 112725 103,200 11875 227800 Resin Application 59750 26,400 14250 100400 Total 660300 0 0 660300 ChemGuard™ 1.5 Department Machining Department Capping Department Resin Application Department Product ChemGuard™ SafeStor™ ChemGuard™ SafeStor™ SafeStor™ Direct Labor Hours (per unit) 3.5 hours 3 hours 2 hours 3 hours 1.5 hours Salary Rate (Per Hour) $25 $25 $30 $30 $35 D- Finished Goods for 2023 Beginning inventory (Units) Beginning inventory (Total cost) Units produced Units sold Selling price per unit ChemGuard™ 150 $ 62,250 1,000 1,050 $ 650 SafeStor™ wwwmm 270 $ 193,860 1,600 1,700 $ 1,050
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To compute the manufacturing overhead allocated to each product in 2023 using departmentbased manufacturing overhead rates we need to allocate the overhead costs based on the allocation percentages pr... View the full answer
Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 9780135628478
17th Edition
Authors: Srikant M. Datar, Madhav V. Rajan
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