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Required Information The following information applies to the questions displayed below.) Craft Pro Machining produces machine...


Required Information The following information applies to the questions displayed below.) Craft Pro Machining produces machin
Required: 5. If the company uses a plantwide overhead rate based on direct labor hours, what is the overhead cost for each un
Required Information The following information applies to the questions displayed below.) Craft Pro Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records. Indirect Tabor $360,000 Indirect Materials Other Overhead Production Activity Grinding Polishing Product modification Providing power System calibration $185,000 600,000 540,000 $220,000 Additional information on the drivers for its production activities follows. Grinding Polishing Product modification Providing power System calibration 15,000 machine hours 15,000 machine hours 1,700 engineering hours 17.000 direct labor hours 1,150 batches Job 3175 190 units 300 MH eng. Number of units Machine hours Engineering hours Batches Direct labor hours Job 4286 2,375 units 3,000 MH 34 eng. 27 hours 34 hours 10 batches 480 DLH 30 batches 4,320 DLH
Required: 5. If the company uses a plantwide overhead rate based on direct labor hours, what is the overhead cost for each unit of Job 31757 Job 4286? (Do not round intermediate calculations. Round "OH Cost per unit" answers to 2 decimal places.) Product Plantwide OH fate OH Cost per DL hours Total Overhead Cost Units Produced unit Job 3175 Job 4286
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Overhead cost $ 19,05,000 $          112.06 per direct labor hour
Direct labor hours 17,000
(a) (b) (c) (d) (e)
Product DL hours Plant-wide OH rate Total overhead cost units produced OH cost per unit
(a) X (b) (c) / (d)
Job 3175                 480 $          112.06 $    53,788      190 $                283.10
Job 4286              4,320 $          112.06 $ 4,84,094 2,375 $                203.83
Computation of plant-wide overhead rate based on Direct labor hours:
Indirect labor = $    15,00,000
Indirect materials = $      1,85,000
Overheads = $      2,20,000
Total Overheads = $    19,05,000
Total Direct labor hours = 17,000
Overhead cost per unit = $          112.06
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