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Question

entMaindoTinwoker-assignments&takeAssignmentSessionlocatormassignment; tak Product Costs and Product Prolitability Reports, using a Single lantwide Factory Overhead Rate Elott Engines Inc. produces three products-pistons, valves, and cams-for the heavy equipment industry. Elliott Engines has a process and product line and uses a single plantwide factory overhead rate to allocate overhead to the three products. The factory overtead rate is based on direct labor hours. Information about the three products for 2012 is as follows: Budgeted Velume (Units) Direct Labor Hours Per Unit Direct Haterials Per Unit Price Per Unit 7,000 22,000 Valves 31 The estimated direct labor rate is $31 per direct labor hour. Beginning and ending inventories are negligible and are, chas, assumed to be zero. The budgeted factory overhead for Elliott Engines is $273,600 required, round all per unit answers to the nearest cent. a. Determine the plantwide factory overhead rate ) b. Determine the factory overhead and direct labor cost per unit for each product Factory Overhead Cost Per Uu Hours Per Unit 9 8 5 6

Explanation / Answer

Total DLH: Pistons (7000 units @0.20 hour) 1400 Valves (22,000 units @ 0.15 hour) 3300 Cams (3000 uits @ 0.30 hour) 900 Total DLH: 5600 Pre-determined OH rate = Estimated OH / Estimated labour hours $ 173,600 / 5600 = $ 31 pere hour Req b: OH cost per unit Direct labour DLH per unit at 31 per hour per unit Pistons 0.2 6.2 6.2 Valves 0.15 4.65 4.65 Cams 0.3 9.3 9.3

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