Real Cool produces air conditioners in two departments: Assembly and Finishing. Budgeted information follows. Department Assembly...

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Real Cool produces air conditioners in two departments: Assembly and Finishing. Budgeted information follows. Department Assembly Finishing Allocation Base Machine hours Direct labor hours. Budgeted Cost $ 300,000 23,000 Additional production information for two models of its air conditioners follows. Per unit Selling price Direct materials Direct labor Model A $ 550 175 225 Units produced Assembly machine hours per unit Finishing direct labor hours per unit Req 1A Model T $ 550 165 235 Req 1B Req 2 Model A 600 1a. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Req 3 Budgeted Usage 7,500 machine hours 4,600 direct labor hours 2 MH 3 DLH Complete this question by entering your answers in the tabs below. < Req 1A Model T 700 4 MH 4 DLH Compute departmental overhead rates and determine overhead cost per unit for each model. Assembly department overhead rate per MH Finishing department overhead rate per DLH Req 1B > Req 1A Department Req 1B Assembly Finishing Totals Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. (Round "Hours per unit" to one decimal place.) Req 2 Departmental Overhead Rate Req 3 Model A Hours per Unit Overhead Allocated Model T Hours per Unit Overhead Allocated Req 1A Per Unit Req 1B Model A Model T Req 2 Compute the total product cost per unit for each model. Direct Materials Req 3 Direct Labor Overhead < Req 1B Product Cost per Unit Req 3 > Req 1A Req 1B Per Unit Model A Model T Req 2 Req 3 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). (A negative gross profit should be indicated with a minus sign.) Selling Price Product Cost Gross Profit < Req 2 Req 3 > Real Cool produces air conditioners in two departments: Assembly and Finishing. Budgeted information follows. Department Assembly Finishing Allocation Base Machine hours Direct labor hours. Budgeted Cost $ 300,000 23,000 Additional production information for two models of its air conditioners follows. Per unit Selling price Direct materials Direct labor Model A $ 550 175 225 Units produced Assembly machine hours per unit Finishing direct labor hours per unit Req 1A Model T $ 550 165 235 Req 1B Req 2 Model A 600 1a. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Req 3 Budgeted Usage 7,500 machine hours 4,600 direct labor hours 2 MH 3 DLH Complete this question by entering your answers in the tabs below. < Req 1A Model T 700 4 MH 4 DLH Compute departmental overhead rates and determine overhead cost per unit for each model. Assembly department overhead rate per MH Finishing department overhead rate per DLH Req 1B > Req 1A Department Req 1B Assembly Finishing Totals Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. (Round "Hours per unit" to one decimal place.) Req 2 Departmental Overhead Rate Req 3 Model A Hours per Unit Overhead Allocated Model T Hours per Unit Overhead Allocated Req 1A Per Unit Req 1B Model A Model T Req 2 Compute the total product cost per unit for each model. Direct Materials Req 3 Direct Labor Overhead < Req 1B Product Cost per Unit Req 3 > Req 1A Req 1B Per Unit Model A Model T Req 2 Req 3 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). (A negative gross profit should be indicated with a minus sign.) Selling Price Product Cost Gross Profit < Req 2 Req 3 >

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To find the various overhead rates costs and profits for each model we will follow the steps provided in the question Req 1A Compute departmental over... View the full answer