Franklin Manufacturing Company produced 1,300 units of inventory in January 2018. It expects to produce...

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Franklin Manufacturing Company produced 1,300 units of inventory in January 2018. It expects to produce an additional 8,400 units during the remaining 11 months of the year. In other words, total production for 2018 is estimated to be 9,700 units. Direct materials and direct labor costs are $81 and $67 per unit, respectively. Franklin expects to incur the following manufacturing overhead costs during the 2018 accounting period: Production supplies Supervisor salary Depreciation on equipment Utilities Rental fee on manufacturing facilities $ 6,100 182,000 125,000 26,000 175,000 Required a. Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. b. Determine the cost of the 1,300 units of product made in January. Complete this question by entering your answers in the tabs below. Required A Required B Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. (Round your answer to 2 decimal places.) Predetermined overhead rate per unit Complete this question by entering your answers in the tabs below. Required A Required B Determine the cost of the 1,300 units of product made in January. (Do not round intermediate calculations.) January Indirect overhead costs Direct materials Direct labor Total Munoz Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Munoz expects to incur $640,000 of overhead cost during the next fiscal year. Other budget information follows: Direct labor hours Machine hours Vogue 3,800 1,400 Beauty Glamour 5,800 10,400 1,400 1,200 Total 20,000 4,000 Required a. Use direct labor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. b. Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. Complete this question by entering your answers in the tabs below. Required A Required B Use direct labor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. Allocation Rate x Weight of Base = Allocated Cost Product Vogue Beauty Glamour Total Munoz Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Munoz expects to incur $640,000 of overhead cost during the next fiscal year. Other budget information follows: Direct labor hours Machine hours Vogue 3,800 1,400 Beauty Glamour 5,800 10,400 1,400 1,200 Total 20,000 4,000 Required a. Use direct labor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. b. Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. Complete this question by entering your answers in the tabs below. Required A Required B Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. Allocation Rate x Weight of Base = Allocated Cost Product Vogue Beauty Glamour Total

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