Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $260,000 in the Molding department and $220,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Part 2 Part X Totals Number of Units 3,000 4,000 Exercise 17-8 (Algo) Departmental overhead rates LO P2 Complete this question by entering your answers in the tabs below. Required 1 Molding Department Hours per Unit Total Hours 2.0 MH per unit 6,000 MH 2.5 MH per unit 10,000 MH 16,000 MH Required: 1. Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. 2. Determine the overhead cost per unit for each part using the departmental rates. Actual overhead costs Actual machine hours Trimming Required 2 Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. Molding Actual overhead costs Actual direct labor costs Trimming Department Hours per Unit 3 DLH per unit 4 DLH per unit Required 1 0 per machine hour Total Hours 9,000 DLH 16,000 DLM 25,000 DLH Required 2 > ! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $260,000 in the Molding department and $220,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Part Z Part X Totals Exercise 17-8 (Algo) Departmental overhead rates LO P2 Number of Units 3,000 4,000 Required 1 Required 2 Part Z Complete this question by entering your answers in the tabs below. Molding Department Hours per Unit 2.0 MH per unit 2.5 MH per unit Required: 1. Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. 2. Determine the overhead cost per unit for each part using the departmental rates. Molding Trimming Total Part X Molding Trimming Total Determine the overhead cost per unit for each part using the departmental rates. (Round "Overhead rate" and "Hours per unit" to 2 decimal places.) Total Hours 6,000 MH 10,000 MH 16,000 MH Departmental Overhead Rate Departmental Overhead Rate < Required 1 Trimming Department Hours per Unit 3 DLH per unit 4 DLH per unit Hours per Unit Hours per Unit Overhead cost per unit 0.00 0.00 $ Overhead cost per unit 0.00 0.00 Total Hours 9,000 DLH 16,000 DLH 25,000 DLH $ Required 2 > Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $260,000 in the Molding department and $220,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Part 2 Part X Totals Number of Units 3,000 4,000 Exercise 17-8 (Algo) Departmental overhead rates LO P2 Complete this question by entering your answers in the tabs below. Required 1 Molding Department Hours per Unit Total Hours 2.0 MH per unit 6,000 MH 2.5 MH per unit 10,000 MH 16,000 MH Required: 1. Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. 2. Determine the overhead cost per unit for each part using the departmental rates. Actual overhead costs Actual machine hours Trimming Required 2 Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. Molding Actual overhead costs Actual direct labor costs Trimming Department Hours per Unit 3 DLH per unit 4 DLH per unit Required 1 0 per machine hour Total Hours 9,000 DLH 16,000 DLM 25,000 DLH Required 2 > ! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $260,000 in the Molding department and $220,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Part Z Part X Totals Exercise 17-8 (Algo) Departmental overhead rates LO P2 Number of Units 3,000 4,000 Required 1 Required 2 Part Z Complete this question by entering your answers in the tabs below. Molding Department Hours per Unit 2.0 MH per unit 2.5 MH per unit Required: 1. Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. 2. Determine the overhead cost per unit for each part using the departmental rates. Molding Trimming Total Part X Molding Trimming Total Determine the overhead cost per unit for each part using the departmental rates. (Round "Overhead rate" and "Hours per unit" to 2 decimal places.) Total Hours 6,000 MH 10,000 MH 16,000 MH Departmental Overhead Rate Departmental Overhead Rate < Required 1 Trimming Department Hours per Unit 3 DLH per unit 4 DLH per unit Hours per Unit Hours per Unit Overhead cost per unit 0.00 0.00 $ Overhead cost per unit 0.00 0.00 Total Hours 9,000 DLH 16,000 DLH 25,000 DLH $ Required 2 >
Expert 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
-
Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $262.500 in the Molding department and $222,500 in the...
-
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 manufactured product has the following information for June. Standard Quantity and Cost 5 pounds e $8 per pound 2 DLH $16 per DLH 2 DLH e $12 per DLH Actual Results Direct materials Direct labor...
-
Consider X[k] be the N-point DFT of an N-point sequence x[n]. (20 %) x [n] = {1, -2, 1, 3} x [n] = {0, 2, -1,0,0,4} (a) Determine the linear convolution x [n] * x [n] (5%) (b) Determine the...
-
Could the Buises have shipped their assets to Canada or Mexico to prevent them from being included in the bankruptcy estate? Explain.
-
A cuboid is shown the following Figure Q4 and is defined by its Height (h), Width (w) and Length (1). Write a MATLAB code to compute the area, A and the volume V for several cuboids with the...
-
The following data pertain to the growth of a colony of bacteria in a culture medium: (a) Plot \(\log y_{i}\) versus \(x_{i}\) to verify that it is reasonable to fit an exponential curve. (b) Fit an...
-
Mauro Products distributes a single product, a woven basket whose selling price is $15 and whose variable expense is $12 per unit. The companys monthly fixed expense is $4,200. Required: 1. Solve for...
-
The accountant for Benson's Dress Shop prepared the following cash budget. Benson's desires to maintain a cash balance of $17,000 at the end of each month. Funds are assumed to be borrowed and repaid...
-
Amanda Autry and Carley Wilson are partners in A & W Gift Shop, which employs the individuals listed below. Paychecks are distributed every Friday to all employees. Based on the information given,...
-
Predict Pka values HClO3 and HClO using paulings rule
-
If a plaintiff releases one tortfeasor, a. under the common law, all of the tortfeasors were released. b. and wants to reserve their right to sue the other tortfeasors, they can enter into a covenant...
-
Contribution a. was allowed to all tortfeasors under the common law. b. is allowed for intentional tortfeasors. c. is justified on the basis that some defendants should not be saddled with all of the...
-
True Or False Some states have required some part of punitive-damage awards to be distributed to the state.
-
True Or False One criticism of punitive damages is that they lead to excessive litigation by plaintiffs who hope to intimidate defendants into settling.
-
A _________ is a document absolving a defendant of all liability.
-
Consider a company that is forecasted to generate free cash flows of $22 million next year and $24 million the year after. After that, cash flows are projected to grow at a stable rate in perpetuity....
-
Consider the advantages and disadvantages of extending property rights so that everyone would have the right to prevent people imposing any costs on them whatsoever (or charging them to do so).
-
Xylon Company manufactures custom-made furniture for its local market and produces a line of home furnishings sold in retail stores across the country. The company uses traditional volume-based...
-
Rafner Manufacturing identified the following budgeted data in its two production departments. 1. What is the company's single plant-wide overhead rate based on direct labor hours? 2. What is the...
-
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...
-
Reconsider the regression models in Problem 12.6, parts a-e. Suppose the error terms in these models were multiplicative, not additive. Rework the problem under this new assumption regarding the...
-
Sketch the expectation function for the logistic growth model (12.34) for \(\theta_{1}=1, \theta_{3}=1\), and values of \(\theta_{2}=1,4,8\), respectively. Overlay these plots on the same \(x-y\)...
-
For the models shown below, determine whether it is a linear model, an intrinsically linear model, or a nonlinear model. If the model is intrinsically linear, show how it can be linearized by a...
Study smarter with the SolutionInn App