Homework Help is Here – Start Your Trial Now!
Business
Accounting
Bike-O-Rama produces two bike models: Voltage and EasyRider. Departmental overhead data follow. Department Fabricating Assembly Required: Budgeted Cost $ 120,900 Allocation Base Machine hours (MH) Budgeted Usage 140,000 Direct labor hours (DLH) 9,300 MH 2,800 DLH 1. Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct labor hours to allocate budgeted Assembly costs. 2. The company reports the following actual production usage data. Compute the overhead cost per unit for each model. Machine hours per unit Direct labor hours per unit Voltage 2.0 MH 1.5 DLH EasyRider 4.0 MH 0.5 DLH 3. The company reports additional information below. For each model, compute the product cost per unit. Per Unit Voltage EasyRider Selling Price $ 273 182 Direct Materials $ 103 93 Direct Labor $ 50 15 4. For each model, compute gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 The company reports the following actual production usage data. Compute the overhead cost per unit for each model. Note: Round your "Hours per unit" amounts to 1 decimal place and other answers to 2 decimal places. Voltage EasyRider Department Departmental Overhead Rate Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated Fabricating Assembly $ 13.00 per machine hour 2.0 MH $ 50.00 per direct labor hour 1.5 DLH 26.00 75.00 4.0 MH 0.5 DLH Totals 101.00 0.00 The company reports additional information below. For each model, compute the product cost per unit. Note: Round your answers to 2 decimal places. Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Voltage $ 103.00 $ 50.00 $ 101.00 $ 254.00 EasyRider 93.00 15.00 108.00

Bike-O-Rama produces two bike models: Voltage and EasyRider. Departmental overhead data follow. Department Fabricating Assembly Required: Budgeted Cost $ 120,900 Allocation Base Machine hours (MH) Budgeted Usage 140,000 Direct labor hours (DLH) 9,300 MH 2,800 DLH 1. Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct labor hours to allocate budgeted Assembly costs. 2. The company reports the following actual production usage data. Compute the overhead cost per unit for each model. Machine hours per unit Direct labor hours per unit Voltage 2.0 MH 1.5 DLH EasyRider 4.0 MH 0.5 DLH 3. The company reports additional information below. For each model, compute the product cost per unit. Per Unit Voltage EasyRider Selling Price $ 273 182 Direct Materials $ 103 93 Direct Labor $ 50 15 4. For each model, compute gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 The company reports the following actual production usage data. Compute the overhead cost per unit for each model. Note: Round your "Hours per unit" amounts to 1 decimal place and other answers to 2 decimal places. Voltage EasyRider Department Departmental Overhead Rate Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated Fabricating Assembly $ 13.00 per machine hour 2.0 MH $ 50.00 per direct labor hour 1.5 DLH 26.00 75.00 4.0 MH 0.5 DLH Totals 101.00 0.00 The company reports additional information below. For each model, compute the product cost per unit. Note: Round your answers to 2 decimal places. Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Voltage $ 103.00 $ 50.00 $ 101.00 $ 254.00 EasyRider 93.00 15.00 108.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Bike-O-Rama produces two bike models: Voltage and EasyRider. Departmental overhead data follow. Department Fabricating Assembly Required: Budgeted Cost $ 120,900 Allocation Base Machine hours (MH) Budgeted Usage 140,000 Direct labor hours (DLH) 9,300 MH 2,800 DLH 1. Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct labor hours to allocate budgeted Assembly costs. 2. The company reports the following actual production usage data. Compute the overhead cost per unit for each model. Machine hours per unit Direct labor hours per unit Voltage 2.0 MH 1.5 DLH EasyRider 4.0 MH 0.5 DLH 3. The company reports additional information below. For each model, compute the product cost per unit. Per Unit Voltage EasyRider Selling Price $ 273 182 Direct Materials $ 103 93 Direct Labor $ 50 15 4. For each model, compute gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 The company reports the following actual production usage data. Compute the overhead cost per unit for each model. Note: Round your "Hours per unit" amounts to 1 decimal place and other answers to 2 decimal places. Voltage EasyRider Department Departmental Overhead Rate Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated Fabricating Assembly $ 13.00 per machine hour 2.0 MH $ 50.00 per direct labor hour 1.5 DLH 26.00 75.00 4.0 MH 0.5 DLH Totals 101.00 0.00
Transcribed Image Text:Bike-O-Rama produces two bike models: Voltage and EasyRider. Departmental overhead data follow. Department Fabricating Assembly Required: Budgeted Cost $ 120,900 Allocation Base Machine hours (MH) Budgeted Usage 140,000 Direct labor hours (DLH) 9,300 MH 2,800 DLH 1. Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct labor hours to allocate budgeted Assembly costs. 2. The company reports the following actual production usage data. Compute the overhead cost per unit for each model. Machine hours per unit Direct labor hours per unit Voltage 2.0 MH 1.5 DLH EasyRider 4.0 MH 0.5 DLH 3. The company reports additional information below. For each model, compute the product cost per unit. Per Unit Voltage EasyRider Selling Price $ 273 182 Direct Materials $ 103 93 Direct Labor $ 50 15 4. For each model, compute gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 The company reports the following actual production usage data. Compute the overhead cost per unit for each model. Note: Round your "Hours per unit" amounts to 1 decimal place and other answers to 2 decimal places. Voltage EasyRider Department Departmental Overhead Rate Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated Fabricating Assembly $ 13.00 per machine hour 2.0 MH $ 50.00 per direct labor hour 1.5 DLH 26.00 75.00 4.0 MH 0.5 DLH Totals 101.00 0.00
The company reports additional information below. For each model, compute the product cost per unit. Note: Round your answers to 2 decimal places. Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Voltage $ 103.00 $ 50.00 $ 101.00 $ 254.00 EasyRider 93.00 15.00 108.00
Transcribed Image Text:The company reports additional information below. For each model, compute the product cost per unit. Note: Round your answers to 2 decimal places. Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Voltage $ 103.00 $ 50.00 $ 101.00 $ 254.00 EasyRider 93.00 15.00 108.00
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS