Question 17 of Seve & Exit Subm 0 64 points Hazelnut Corp. manufactures lawn oma

Question

Question 17 of Seve & Exit Subm 0 64 points Hazelnut Corp. manufactures lawn omaments cumenly has two product ines, the basic and the kaxury Hazelut has a total of $187,685 in overhead The company has identfied the following iefomation about is overhead acivity cost pools and the two product lines Quality control of machine hours 553,000 5.600 machine hours 4,800 Supoose Hazeinut used a traditional coing sysem with machine hours as the cost diver Determmine the amount of overhead assigned to each product ine. (Do not round aar amount answers to the nearestl whole dollar amount.) ehead Assigned 2o l option command command option

Explanation / Answer

Statement Overhead per machine hour

(A)

Total Overheads

$     187,685.00

(B)

Total Machine Hours(5600+4600)

10200

(A/B)

Overhead per machine hour

$                18.40

Statement of Cost Allocation

Basic model

Luxury model

Overhead Rate per Hour

Machine hours

Amount

Machine hours

Amount

Total

$   18.40

5600

$ 103,042.75

4600

$ 84,642.25

$ 187,685.00

Basic model

$     103,042.75

Overhead Assigned

Luxury model

$        84,642.25

Overhead Assigned

Statement Overhead per machine hour

(A)

Total Overheads

$     187,685.00

(B)

Total Machine Hours(5600+4600)

10200

(A/B)

Overhead per machine hour

$                18.40

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