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Glass Creations Company is developing departmental overhead rates based on direct-labor hours for its two production departments, Etching and Finishing. The Etching Department employs 20 people and the Finishing Department employs 80. Each person in these two departments work 2,000 hours per year. THe production-related overhead costs for Etching Department are budgeted at $400,000, and the Finishing Department costs are budgeted at $640,000. Two service departments, Maintenance and Computing, directly support the two production departments. These service departments have budgeted costs of $96,000 and $500,000, respectively. The production departments' overhead rates cannot be determined until the service departments costs are allocated the following schedule reflects the use of the maintenance DEpartment's and Computing Department's ouput by the various departments.
1. Calculate the overhead rates per direct-labor hour for the Etching Department and the Finishing Department. Usethe direct method to allocate service department.
2. Calculate the overhead rates per direect-labor hour for the Etching Department and the Finishing Department. Use the step-down method to allocate service department costs. Allocate the Computing Department's cost first.
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The company presently is selling 12,000 units annually at a selling price of $28 each. A special order has been received from a distributor who wants to purchase 3,000 units at a special price of $20 each.
Your write-up should be concise enough to allow me to see the answer without having to search but complete enough that I know you did the steps. Step One is important; if you skip ahead to Step Three it will show in your write-up.
The Jefferson Plaza Hotel is a deluxe four star establishment. Late on Friday, it had 10 of its 200 rooms available when the desk clerk received a call from the Riley Hotel.
Olsen Company uses the periodic inventory method and had the following inventory information available for the month of November.
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