Required information [The following information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $252,000 of overhead cost and 42,000 direct labor hours. Additional information follows. Per Unit Pup tent Pop-up tent Selling Price Direct Materials $ 20 25 $78 73 Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 42,000 direct labor hours. 2. Pup tents use 3 direct labor hours (DLH) per unit and Pop-up tents use 2 direct labor hours per unit. Compute the overhead cost per unit for each product. 3. Compute the product cost per unit for each product. 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). Required 1 Required 2 Direct Labor $45 30 Complete this question by entering your answers in the tabs below. Required 3 Required 4 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 42,000 direct labor hours. Numerator Denominator =

Arzu Inc. produces premium protective car covers. The direct materials and direct labour standards for one car cover are as follows: Direct materials Direct labour Variable overhead ● Standard Quantity or Hours 8.00 metres of cloth 0.40 hours 0.40 hours Standard Price or Rate $10 per metre $18 per hour $7 per hour Budgeted fixed overhead cost is $19,100, and the normal production volume is 2,885 car covers. Overhead is applied on the basis of direct labour-hours. In September, the following activity was recorded: 21,600 metres of cloth were purchased at a cost of $9.50 per metre. . All of the purchased material was used to produce 2,700 car covers. . 530 direct labour-hours were recorded at a total labour cost of $9,540. Direct materials price variance Direct materials quantity variance Total direct material cost variance Standard Cost $80.00 $ 7.20 $ 2.80 Actual variable overhead cost was $4,500, and fixed overhead cost was $18,550. Required: 1. Compute all direct materials variances…

BatCo makes baseball bats. Each bat requires 1.00 pounds of wood at $18 per pound and 0.35 direct labor hour at $30 per hour. Overhead is assigned at the rate of $60 per direct labor hour.

Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Hubs Sprockets Unit 0.50 0.10 Annual Production 13,000 units 41,000 units Additional information about the company follows: a. Hubs require $35 in direct materials per unit, and Sprockets require $14. b. The direct labor wage rate is $10 per hour. c. Hubs require special equipment and are more complex to manufacture than Sprockets. d. The ABC system has the following activity cost pools: Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Required: 1. Compute the activity rate for each activity cost pool. Estimated Overhead Activity Cost Hubs $ 20,790 105 Sprockets 84 Total $ 200,000 5,000 0 $ 68,000 NA NA 189 5,000 NA 2. Determine the unit product cost of each product according to the ABC system