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Problem - The new president of the Wernecke Company was stumped. Why had profits gone down? He had directed the sales department to push the product with the highest contribution margin, and the sales department had come through with flying colors. The percent of flams sold had increased from 25% of units sold to 37.5% of units sold. So what happened?
Flims
Flams
Sales Price per Unit
$150
$500
Direct Materials per Unit
$75
$200
Direct Labor Cost per Hour
$25
Direct Labor Hours per Unit
1 hour per unit
5 hours per unit
Number of Units Produced
25,000
15,000
The variable overhead for the coming year is estimated to be $3,000,000.
Required:
It has been suggested to the president to consider the use of an ABC costing system to allocate manufacturing overhead. Engineering studies have revealed the following information about estimated manufacturing activities for the coming year.
Activity Cost Pool
Estimated Overhead Cost
Expected Activity Level
Setups
$850,000
200 setups
Scrap
$350,000
500 units
Testing
$200,000
5,000 tests
Machine related
$1,600,000
100,000 Mhrs
Total
$3,000,000
Calculate the separate predetermined overhead rates for each of the activities listed above.
NOTE: It is expected that this problem will be completed using an Excel spreadsheet using formulas. Please see the Excel Tutorial that is available under the course home tab.
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