Home / Questions / 1 Plantwide Rates Nabors Company produces two types of stereo units deluxe and regular. ...
1. Plantwide Rates
Nabors Company produces two types of stereo units: deluxe and regular. For the most recent year, Nabors reports the following data:
Budgeted overhead $180,000
Expected activity (in direct labor hours) 50,000
Actual activity (in direct labor hours) 51,000
Actual overhead $200,000
|
|
Deluxe |
Regular |
|
Units produced |
5,000 |
50,000 |
|
Prime costs |
$40,000 |
$300,000 |
|
Direct labor hours |
5,000 |
46,000 |
Required:
(1) Calculate a predetermined plantwide overhead rate based on direct labor hours.
(2) What is the applied overhead?
(3) What is the under – or – overapplied overhead?
(4) Calculate the unit cost of each stereo unit.
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