Please answer four of the following five questions.(25 points each) 1. Euphoria
ID: 2340290 • Letter: P
Question
Please answer four of the following five questions.(25 points each) 1. Euphoria Company has two departments, X and Y. Overhead is applied based on direct la cost in Department X and machine-hours in Department Y. The following information is available: additional $180,000 $225,000 $165,000 $200,000 Direct labor cost Factory overhead Machine-hours 51,000 mh 40,000 mh Actual data for Job 25 Direct materials requisitioned Direct labor cost Machine-hours $18,000 $14,000 $15,000 5,000 mh 3,000 mh Required: a. Compute the budgeted factory overhead rate for Department x. b. Compute the budgeted factory overhead rate for Department Y. c. What is the total overhead cost of Job 25? d. If Job 25 consists of 50 units of product, what is the profit per unit if selling price is $ per unit?Explanation / Answer
1 Budgeted factory overhead rate for Department X Factory overhead/Direct labor Cost $225,000/$180,000 125% 2 Budgeted factory overhead rate for Department Y Factory overhead/Machine Hours $200,000/40,000 hrs 5 per hour 3 total overhead cost of Job 25 ($11,000 × 125 percent) + ($3.00 × 3,000 hrs.) $ 22,750.00 4 Direct material (15000+18000) 33000 Direct Labor (11000+14000) 25000 Overhead Cost 22750 Total Cost 80750 Total Cost per unit (80750/50) 1615 Profit = selling price per unit - Total Cost per unit