MidtermPractice_3-12

MidtermPractice_3-12 - Problem 3-12A, page 153 Siegel...

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Problem 3-12A, page 153 Siegel Corporation manufactures a product that is available in both a deluxe and a regular  model.  Overhead is applied to products on the basis of direct labor hours.  At the beginning of  the current year, management estimated $2,000,000 in overhead costs would be incurred and  the company would produce and sell 5,000 units of the deluxe model and 40,000 units of the  regular model.  The deluxe model requires 1.6 hours of direct labor time per unit, and the  regular model requires 0.8 hours.  Materials and labor costs per unit are given below: Deluxe Regular Direct materials cost per unit $150 $112 Direct labor cost per unit $16 $8 1.  Compute the predetermined overhead rate using direct labor hours as the basis for 
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MidtermPractice_3-12 - Problem 3-12A, page 153 Siegel...

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