Homework Answers
| Expected cost | Home 1 | Home 2 | Home 3 | ||||
| Direct labour | $79,000 | $93,000 | $182,000 | $354,000 | |||
| Direct Materials | 93000 | 134000 | 191000 | 418,000 | |||
| Allocation rate fringe benefits | 53100/354000 | ||||||
| 0.15 | |||||||
| Fringe benefits | |||||||
| House | Allocation rate | x | Weight of base | = | Allocated Cost | ||
| 1 | 0.15 | x | $79,000 | = | $11,850 | ||
| 2 | 0.15 | x | $93,000 | = | $13,950 | ||
| 3 | 0.15 | x | $182,000 | = | $27,300 | ||
| Total | $53,100 | ||||||
| Allocation rate indirect material | 20900/418000 | ||||||
| 0.05 | |||||||
| House | Allocation rate | x | Weight of base | = | Allocated Cost | ||
| 1 | 0.05 | x | 93,000 | = | $4,650 | ||
| 2 | 0.05 | x | 134,000 | = | $6,700 | ||
| 3 | 0.05 | x | 191,000 | = | $9,550 | ||
| Total | $20,900 | ||||||
| Cost components to determine the cost of each house | |||||||
| Home 1 | Home 2 | Home 3 | Total | ||||
| Expected Cost | |||||||
| Direct labor | $79,000 | $93,000 | $182,000 | $354,000 | |||
| Direct material | $93,000 | $134,000 | $191,000 | $418,000 | |||
| Fringe benefits | $11,850 | $13,950 | $27,300 | $53,100 | |||
| Indirect material | $4,650 | $6,700 | $9,550 | $20,900 | |||
| Total Cost | $188,500 | $247,650 | $409,850 | $846,000 | |||
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