# FINANCE

rev: 03-04-11

2.

Exercise 17-6 Part 2

 2 Determine the overhead cost assigned to each product line using the plantwide rate computed in part 1.(Round your intermediate calculations to 2 decimal places. Omit the “\$” sign in your response.)

 Product Overhead cost Part A27C Part X82B

3.

Exercise 17-7 Departmental overhead rates L.O. P2

 Textra Polymers produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for 2011 follow.

 Molding Trimming Direct labor hours 52,000 DLH 48,000 DLH Machine hours 30,500 MH 3,600 MH Overhead costs \$ 730,000 \$ 590,000

 Data for two special order parts to be manufactured by the company in 2011 follow:

 Part A27C Part X82B Number of units 9,800 units 54,500 units Machine hours Molding 5,100 MH 1,020 MH Trimming 2,600 MH 650 MH Direct labor hours Molding 5,500 DLH 2,150 DLH Trimming 700 DLH 3,500 DLH

 Required 1. Compute a departmental overhead rate for the molding department based on machine hours and a department overhead rate for the trimming department based on direct labor hours. (Round your answers to 2 decimal places. Omit the “\$” sign in your response.)

 2 Determine the total overhead cost assigned to each product line using the departmental overhead rates from requirement 1. (Round your intermediate calculations to 2 decimal places and final answers to whole dollar amount. Omit the “\$” sign in your response.)

 Product Molding Trimming Total overhead cost Part A27C Part X82B

 Product Overhead cost Part A27C Part X82B

4.

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