Question

Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month Sandy Beach $18.50 14.20 83.70 1,220 units Rocky River $ 26.20 17.60 105.ee 990 units Keller has monthly overhead of $11.446, which is divided into the following cost pools: Setup costs Quality control Maintenance Total $ 2,790 5,506 3,150 $ 11,446 The company has also compiled the following Information about the chosen cost drivers: Sandy Beach Rocky River Number of setups Number of inspections Number of machine hours 10 1,500 Total 45 455 3.000 275 1,500 Required: 1. Suppose Keller uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round Intermediate calculations and round your final answers to the nearest whole dollar amount.) Overhead Assigned Sandy Beach Model Rooky River Model Total Overhead Cost $

Answer 1

25,823 answers

				total oh	Machine Hrs(mh)	mh's %	overhead
				a	b		Allocated
	1)	Sandy Beach Model	11,446	1,500	50%	5,723
		Rocky river model	11446	1,500	50%	5,723
		total		3,000		11446
		overhead rate = 11446/3000
			3.8153
		overhead assigned = 3.8153*1500=5,723
				overhead assigned
		Sandy Beach Model	5,723
		Rocky river model	5,723
		Total	11446
	2)				sandy	rocky
		Direct materials per unit	18.50	26.20
		direct labor per unit		14.20	17.60
		overhead per unit:
		sandy - 5,723/1220		4.69
		Rocky 5,723/990			5.78
		unit cost			37.39	49.58
	3)	Gross margin
					sandy	rocky
		Sales price per unit		83.70	105
		unit product cost		37.39	49.58
		Gross margin		46.31	55.42	answer
				total cost	activity	rate	cost driver
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