Timo Remaining: 01:4843 Submit T Test: Exam 2 Chapters 19-21 This Test: 9 pts po

Question

Timo Remaining: 01:4843 Submit T Test: Exam 2 Chapters 19-21 This Test: 9 pts poss 40f9(1 complete) Y This Question: 1 pt actually consumed 270,000 machine hours, and Goodson estimates 624,000 of mdacturing overhesd and 520,000 machine hours for the ynaxr The basic model a Goodson makes handheid caloulatiors in two models basic and professional G the professional model consuned 250,000 machine hours he predetemined overhead llcation ate uning machine hours (MHi) as the alocation base 1 Compute 2. How much overhead is alocated to the basic model? To the professional mode? enter the amounts to comoute the predetemined overhead(OH) allocation rate. (Enter your answer to the neaest cent) Select the fomuia and ten Requirement 2. How much overhead is alocd to basie model7 To the professional moe Basic mode Profesional model Choose from ay st or nter any number in the nput lds and then continue to the next queion

Explanation / Answer

Answer 1. Predetermined Overhead Allocation Rate = Total Estimated Overhead Costs / Total Estimated quantity of the Overhead Allocation Base Predetermined Overhead Allocation Rate = $624,000 / 520,000 Mach Hrs Predetermined Overhead Allocation Rate = $1.20 per Mach. Hr. Answer 2. Predetermined Overhead Allocation Rate X Actual Quantity of the Allocation base Used = Allocated Manufacturing Overhead Cost Basic Model $1.20 per mach hr. X                     270,000 mach hr. =                                     324,000 Professional Model $1.20 per mach hr. X                     250,000 mach hr. =                                     300,000

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