2024 Loin Cabinetry Assignment Help
Loin Cabinetry produces two models of home shelving the Basic Super and the Mega Super Data on 2023
Loin Cabinetry produces two models of home shelving, the Basic-Super and the Mega-Super. Data on operations and costs for November are: Basic-Super Mega-Super Total Machine hours 8,000 4,000 12,000 Direct labor hours 6,000 4,000 10,000 Units produced 1,000 250 1,250 Direct material costs $20,000 $ 7,500 $27,500 Direct labor costs 129,000 71,000 200,000 Manufacturing overhead costs 348,200 Total costs $575,700 Required: Compute the predetermined overhead rate, assuming Loin Cabinetry uses: (a) Direct labor hours to allocate overhead costs. (b) Direct labor costs to allocate overhead costs. (c) Machine hours to allocate overhead costs. (d) Compute the unit cost for each model under each overhead method.