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Comet Corporation produces two different products: Silver and Gold. Expected production of Silver for the year is 40,000 units and expected production of Gold for the year is 20,000 units. The additional following information is available: Budgeted Overhead Costs: Receiving $750,000 Assembling 1,460,000 Machining 1,870,000 Testing 420,000 Total Overhead $4,500,000 Costs Direct Labor Hours: Silver 360,000 540,000 Gold Total Direct Labor Hours 900,000 Pounds (the cost driver for Receiving): ge er Silver 50,000 Gold 25,000 75,000 Total Pounds Number of Parts (the cost driver for Assembling): Silver 44,000 Silver 44,000 36,000 Gold Total Number of Parts 80,000 Machine Hours (the cost driver for Machining): Silver es 54,000 llege Gold 46,000 ster Total Machine Hours 100,000 Number of Tests (the cost driver for Testing): Silver 800 * Gold 600 Machine Hours (the cost driver for Machining): Silver 54,000 Gold 46,000 Total Machine Hours 100,000 Number of Tests (the cost driver for Testing): Silver 800 Gold 600 Total Number of Tests 1,400 Part A: If a single plant-wide rate based on direct labor hours is used, compute the following amounts: 1. The plant-wide overhead rate is per direct labor hour. 2. The total overhead applied to the Silver product line is 3. The total overhead applied to the Gold product line is 4. The per unit overhead cost for the Silver product line is 5. The per unit overhead cost for the Gold product line is Part B: If activity based costing is used, compute the following amounts: 1. The overhead rate for 1. Receiving per pound. 2. Assembling per part 3. Machining per machine hour. per test. 4. Testing 2. The total overhead applied to the Silver product line is 1. Receiving: 2. Assembling: 3. Machining: 4. Testing: 5. Total Overhead Cost Assigned to Silver: 3. The total overhead applied to the Gold product line is 1. Receiving: 2. Assembling: 3. Machining: 3. Machining: 4. Testing: 5. Total Overhead Cost Assigned to Silver: 3. The total overhead applied to the Gold product line is 1. Receiving: 2. Assembling: 3. Machining: 4. Testing: 5. Total Overhead Cost Assigned to Gold: 4. The per unit overhead cost for the Silver product line is 5. The per unit overhead cost for the Gold product line is

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