What was the allocation to product

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Reference no: EM132087999

Question: X Company has two production departments, X and Y. Listed below is budgeted information for the two departments, and actual information for one of its products, Product 1:

Department X	All Products	Product 1
Overhead	$3,400,000	-
Direct labor	$960,000	$13,328
Direct labor hours	60,000	833
Machine hours	110,000	1,000
Units produced	59,000	820
Department Y
Overhead	$1,900,000	-
Direct labor	$960,000	$3,744
Direct labor hours	60,000	234
Machine hours	140,000	850
Units produced	50,000	820

1) Using a departmental allocation system with machine hours as the cost driver in Department X and direct labor hours as the cost driver in Department Y, what was the allocation to Product 1 [round rate(s) to the nearest cent]?

Reference no: EM132087999

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