Garret Garcia&1 3/29/18 7:24 PhM Quiz: Chapter 24 Quiz Submit Quiz This Question

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Garret Garcia&1 3/29/18 7:24 PhM Quiz: Chapter 24 Quiz Submit Quiz This Question: 1 pt 45of6 (0 complete) This Quiz: 6 pts possibleof Zapata makes handheld calculators in two models-basic and professional-and wants to refine its costing system by allocating overhead using departmental rates The estimated $892,500 of manufacturing overhead has been divided into two cost pools Assembly Department and Packaging Department. The folowing data have been compiled (Cick the icon to view the data ) 1 of Read the requirements Compute the predetermined overhead allocation rates using machine hours as the allocation Packaging Department base for the Assembly Department and direct labor hours for the department (Abbreviation used Qty selecting the formula to cakculate the predetermined overhead (OH) allocation rate Then enter the amounts to compute the alocation rate for each quantity Enter the alocation rates to the nearest cent) 0 of: allocation rate Assembly Packaging How much overhead is allocated to the basic model? To the professional moder? Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used Qty quantity ) 0 of 2 Allocated mfg overhead costs 0 of 2 Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the protessional model Basic Model Professional Model 2 0 of 2 Choose from any list or enter any number in the input fields and then continue to the next question.

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1. Predetermined Overhead Allocation rate: Formula Overhead/ Machine hour or Labor hour =Predetermined OVH allocation rate Assembly 450000 250000 1.8 Packaging 442500 553125 0.8 2. Overhead allocated to each model: Formula Machine hour or Labor hour *Predetermined OVH allocation rate =Allocated Manufacturing Cost Basic Model -Assembly 135500 1.8 243900 -Packaging 70000 0.8 56000 299900 Professional Model -Assembly 114500 1.8 206100 -Packaging 483125 0.8 386500 592600 Basic Professional Manufacturing Overhead-Assembly 243900 206100 Manufacturing Overhead-Packaging 56000 386500 Total 299900 592600

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