ABC Co. makes two products A1 and B2. The products required direct materials, direct labor, and overhead. The following information refers to operations expected next month: Revenue Direct material Direct labor Overhead: Direct material related Direct labor related $100,000 30,000 40,000 A1 Compute the direct material related overhead rate for next month. 15% of direct-labor cost 15% of direct-materials cost 30% of direct-materials cost 30% of direct-labor cost $300,000 60,000 95,000 B2 $400,000 90,000 135,000 13,500 40,500 Total

QUESTION: AT THE BEGINNING OF THE YEAR, RANGLE COMPANY EXPECTED TO INCUR $54,000 OF OVERHEAD COSTS IN PRODUCING 6,000 UNITS OF PRODUCT. THE DIRECT MATERIAL COST IS $20 PER UNIT OF PRODUCT. DIRECT LABOR COST IS $30 PER UNIT. DURING JANUARY, 600 UNITS WERE PRODUCED. REQUIRED: THE TOTAL COST OF THE UNITS MADE IN JANUARY WAS:

The Ordon Company manufactures products in two​ departments: Mixing and Packaging. The company allocates manufacturing overhead using a single plantwide rate with direct labor hours as the allocation base. Estimated overhead costs for the year are $888,000​, and estimated direct labor hours are 370,000. In October​, the company incurred 45,000 direct labor hours.   Read the requirements LOADING... .   Requirement 1. Compute the predetermined overhead allocation rate. Round to two decimal places.   Begin by selecting the formula to calculate the predetermined overhead​ (OH) allocation rate. Then enter the amounts to compute the allocation rate.             Predetermined OH   ÷   = allocation rate   ÷   =   Requirement 2. Determine the amount of overhead allocated in October.   Begin by selecting the formula to allocate overhead costs.               Allocated mfg.     ×   = overhead…

Manufacturing overhead is currently assigned to products based on their direct labor costs. For the most recent month, manufacturing overhead was $321,600. During that time, the company produced 14,600 units of the M-008 and 2,200 units of the M-123. The direct costs of production were as follows. Direct materials Direct labor M-008 M-123 $116,800 $ 88,000 116,800 44,000 Management determined that overhead costs are caused by three cost drivers. These drivers and their costs for last year were as follows. Cost Driver Number of machine-hours Number of production runs Number of inspections. Total overhead Total $204,800 160,800 Costs $156, 600 70,000 95,000 $321,600 Activity Level M-898 M-123 2,000 8,000 20 30 20 20 Total 10,000 40 50 Required: a. How much overhead will be assigned to each product if these three cost drivers are used to allocate overhead? What is the total cost per unit produced for each product? b. How much of the overhead will be assigned to each product if direct…