Solution-What was the allocation to Product X

What was the allocation to Product X

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Reference no: EM132243302

Question - X Company has two production departments, 1 and 2. Listed below is budgeted information for the two departments for the year, and actual information for one of the products that it produced during the year, Product X:

All Products	Department 1	Department 2
Overhead	$7,100,000	$2,000,000
Direct labor	$750,000	$750,000
Direct labor hours	50,000	50,000
Machine hours	100,000	130,000
Units produced	60,000	30,000
Product X
Overhead
Direct labor	$10,815	$4,455
Direct labor hours	721	297
Machine hours	1,090	850
Units produced	630	630

Using a departmental allocation system with direct labor as the cost driver in Department 1 and units produced as the cost driver in Department 2, what was the allocation to Product X [round allocation rates to two decimal places]?

Reference no: EM132243302

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What was the allocation to Product X

Reference no: EM132243302

Reference no: EM132243302

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