Ch 17-19 2:47 1. Compute the total number of budgeted direct labor hours for the year. 2. Compute the plantwide overhead rate using budgeted direct labor hours. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Hydro Sports budgets overhead cost of $546,000 for the year. The company manufactures two types of jet skis: standard and deluxe. Budgeted direct labor hours per unit are 6 for the standard model and 15 for the deluxe model. The company budgets production of 130 units of the standard model and 130 units of the deluxe model for the year. Saved Model 3. Compute overhead cost per unit for each model using the plantwide overhead rate. Actual direct labor hours per unit are 6 for the standard model and 15 for the deluxe model. Compute the total number of budgeted direct labor hours for the year. Direct Labor Hours per Unit Budgeted Direct Labor Hours Standard Deluxe Total Required 3 Number of Units < Required 1 < Prev 4 of 4 0 Help Required 2 > Save & Exit Next > New Chrome available Submit

Ch 17-19 2:47 1. Compute the total number of budgeted direct labor hours for the year. 2. Compute the plantwide overhead rate using budgeted direct labor hours. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Hydro Sports budgets overhead cost of $546,000 for the year. The company manufactures two types of jet skis: standard and deluxe. Budgeted direct labor hours per unit are 6 for the standard model and 15 for the deluxe model. The company budgets production of 130 units of the standard model and 130 units of the deluxe model for the year. Saved Model 3. Compute overhead cost per unit for each model using the plantwide overhead rate. Actual direct labor hours per unit are 6 for the standard model and 15 for the deluxe model. Compute the total number of budgeted direct labor hours for the year. Direct Labor Hours per Unit Budgeted Direct Labor Hours Standard Deluxe Total Required 3 Number of Units < Required 1 < Prev 4 of 4 0 Help Required 2 > Save & Exit Next > New Chrome available Submit

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 2BE: Multiple production department factory overhead rates The total factory overhead for Bardot Marine...

See similar textbooks

Similar questions

Multiple production department factory overhead rates The total factory overhead for Bardot Marine Company is budgeted for the year at 600,000 divided into two departments: Fabrication, 420,000, and Assembly, 180,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require 8 direct labor hours in Fabrication and 4 direct labor hours in Assembly. The bass boats require 4 direct labor hours in Fabrication and 8 direct labor hours in Assembly. Each product is budgeted for 250 units of production for the year. Determine (A) the total number of budgeted direct labor hours for the year in each department, (B) the departmental factory overhead rates for both departments, and (C) the factory overhead allocated per unit for each product using the department factory overhead allocation rates.
Use the following information for Exercises 9-63 and 9-64: Palladium Inc. produces a variety of household cleaning products. Palladiums controller has developed standard costs for the following four overhead items: Next year, Palladium expects production to require 90,000 direct labor hours. Exercise 9-63 Flexible Budget for Various Levels of Activity Refer to the information for Palladium Inc. above. Required: 1. Prepare an overhead budget for the expected level of direct labor hours for the coming year. 2. Prepare an overhead budget that reflects production that is 15% higher than expected and for production that is 15% lower than expected.
Question Content Area The total factory overhead for Big Light Company is budgeted for the year at $1,393,700. Big Light manufactures two different products: night lights and desk lamps. Night lights are budgeted for 17,000 units. Each night light requires 3 hours of direct labor. Desk lamps are budgeted for 13,000 units. Each desk lamp requires 2 hours of direct labor. a. Determine the total number of budgeted direct labor hours for the year.fill in the blank 1 of 1 direct labor hours b. Determine the single plantwide factory overhead rate using direct labor hours as the allocation base. Round your answer to two decimal places.fill in the blank 1 of 1$ per direct labor hour c. Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate determined in (b). Round your answers to two decimal places.Night lights fill in the blank 1 of 1$ per unitDesk lamps fill in the blank 1 of 1$ per unit
The Roget Factory has determined that its budgeted factory overhead budget for the year is $15,500,000. They plan to produce 2,000,000 units. Budgeted direct labor hours are 1,050,000 and budgeted machine hours are 750,000. Using the single plantwide factory overhead rate based on direct labor hours, calculate the factory overhead rate for the year. a.$20.67 b.$77.50 c.$14.76 d.$7.75
Roget Factory has budgeted factory overhead for the year at $15,500,000. It plans to produce 2,000,000 units of product. Budgeted direct labor hours are 1,050,000, and budgeted machine hours are 750,000. Using a single plantwide factory overhead rate based on direct labor hours, the factory overhead rate for the year is a.$20.67 b.$14.76 c.$7.75 d.$77.50
Scenario The Francis Corporation operates two service and two producing departments in its production of go carts. The budgeted overhead costs directly associated with the departments and other pertinent data for an upcoming month are as follows: Overhead Costs Machine Hours Number of Employees 19.67 (rounded) 16.67 (rounded) 3.00 14.74 (rounded) Service & Production Departments Data Service Departments Maintenance $144,000 20 O 15.87 Personnel $80,000 16 Personnel costs are allocated based on the number of employees, and maintenance costs are allocated based on machine hours. Assume the Assembly department uses direct labor hours to allocate its cost is overhead costs. For the upcoming month, the estimated direct labor hours is estimated is 19,200 hours. Question What will be the predetermined overhead rate for the Assembly department for the upcoming month? Production Departments Tooling $280,000 30,000 60 Assembly $320,000 20,000 100
6. Harem Company uses an annual cost formula for overhead of P72,000 + P1.60 for each direct labor hour worked. For the upcoming month Karla plans to manufacture 96,000 units. Each unit requires five minutes of direct labor. Harem Company's budgeted overhead for the month is a. P 12,800 b. P 18,800 c. P 84,800 d. P774,000
Multiple production department factory overhead rates The total factory overhead for Cypress Marine Company is budgeted for the year at $567,500, divided into two Fabrication, $311,250, and Assembly, $256,250. Cypress Marine manufactures two types of boats: speedboats speedboats require two direct labor hours in Fabrication and three direct labor hours in Assembly. The bass boa labor hour in Fabrication and two direct labor hours in Assembly. Each product is budgeted for 5,000 units of pri If required, round all per unit answers to the nearest cent.
Roget Factory has budgeted factory overhead for the year at $15,500,000. It plans to produce 2,000,000 units of product. Budgeted direct labor hours are 1,050,000, and budgeted machine hours are 750,000. Using a single plantwide factory overhead rate based on direct labor hours, the factory overhead rate for the year is a. $20.67 b. $77.50 c. $7.75 Od. $14.76
*Exercise 11-12 (Video) Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 125,000 units per year. The total budgeted overhead at normal capacity is $812,500 comprised of $312,500 of variable costs and $500,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd produced 88,200 putters, worked 87,700 direct labor hours, and incurred variable overhead costs of $143,325 and fixed overhead costs of $513,300. Your answer is correct. Compute the predetermined variable overhead rate and the predetermined fixed overhead rate. (Round answers to 2 decimal places, e.g. 2.75.) Variable Fixed Predetermined Overhead Rate $2.5 $4 X Your answer is incorrect. Try again. Compute the applied overhead for Byrd for the year. Overhead Applied 570,050 Your answer is partially…
The total factory overhead for Magnum Corporation is budgeted for the year at $500,000. This is divided into three activity pools: fabrication, $246,000; assembly, $144,000, and setup, $110,000. Magnum manufactures two types of kayaks: Basic and Deluxe. The activity-based usage quantities for each project by activity are as follows: Fabrication Assembly Setup Basic 2,000 dlh 8,000 dlh 5 setups Deluxe 10,000 dlh 24,000 dlh 15 setups Total activity-base usage 12,000 dlh 32,000 dlh 20 setups Each product is budgeted for 2,500 units of production for the year.What is the activity-based factory overhead per unit for the Deluxe kayak? a.$41.80 b.$158.20 c.$100.00 d.$154.54
! Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,300 units (solar panels) in July and 5,400 units in August. Each unit requires 4 hours of direct labor at a rate of $20 per hour. The company applies variable overhead at the rate of $11 per direct labor hour. Budgeted fixed factory overhead is $171,000 per month. Prepare a factory overhead budget for August. MIAMI SOLAR Factory Overhead Budget Direct labor hours needed Budgeted variable overhead Budgeted total factory overhead $ August 0