Week $5$ HW Assignment $($i$)$

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A company budgets $$114,000$ for overhead and $7,300$ direct labor hours for the year. The company's Basic model uses $2$ direct labor hours per unit and its Premium model uses $3$ direct labor hours per unit. The direct labor rate is $$55$ per hour. Direct materials cost $$25$ per unit for the Basic model and $$31$ per unit for the Premium model.

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Required $2$

Required $3$

Compute the single plantwide overhead rate based on direct labor hours.

$2$

A company budgets $$114,000$ for overhead and $7,300$ direct labor hours for the year. The company's Basic model uses $2$ direct labor hours per unit and its Premium model uses $3$ direct labor hours per unit. The direct labor rate is $$55$ per hour. Direct materials cost $$25$ per unit for the Basic model and $$31$ per unit for the Premium model.

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Required $1$

Required

Required $3$

Compute overhead cost per unit for each model.

$\backslash$table$[[,\backslash$table$[[$Plantwide$],[$Overhead Rate$]],\backslash$table$[[$Direct Labor$],[$Hours per Unit$]],\backslash$table$[[$Overhead Cost$],[$per Unit$]]],[$Basic$,,,],[$Premium$,,,]]$

A company budgets $$114,000$ for overhead and $7,300$ direct labor hours for the year. The company's Basic model uses $2$ direct labor hours per unit and its Premium model uses $3$ direct labor hours per unit. The direct labor rate is $$55$ per hour. Direct materials cost $$25$ per unit for the Basic model and $$31$ per unit for the Premium model.

Enter answers in the tabs below.

Required $1$

Required $2$

Required $3$

Compute the total product cost per unit for each model.

$\backslash$table$[[$Cost per Unit,Direct Materials,Direct Labor,Overhead,$\backslash$table$[[$Product Cost$],[$per Unit$]]],[$Basic$,$$$,25,$$$,110],[$Premium$,$$$,31,$$$,165,,]]$