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1c Wilkerson Company Quantitative Analysis Solution

1c Wilkerson Company Quantitative Analysis Solution -...

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Monthly Production and Operating Statistics Valves Pumps Flow Controllers Total Production (units) 7,500 12,500 4,000 24,000 Machine Hours 3,750 6,250 1,200 11,200 Production Runs 10 50 100 160 Number of Shipments 10 70 220 300 Hours of Engineering Work 250 375 625 1,250 Calculation of Overhead Rates First Allocation (1) Cost Drivers (2) Activities Applied OH Cost Drivers (2) Total Machine Related Expenses $336,000 Machine Hours 11,200 Setup Labor $40,000 Production Runs 160 Receiving and Production Control $180,000 Production Runs 160 Engineering $100,000 Hours of Engineering Worked 1250 Packaging and Shipping $150,000 Number of Shipments 300 Activities Rate Units Machine Related Expenses $30 per machine hour Setup Labor $250 per production run Receiving and Production Control $1,125 per production run Engineering $80 per engineering hour Packaging and Shipping $500 per shipment Activity Rate ( 1 ÷ 2 )
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Allocating Overhead Costs To Products - Final Allocation Valves Pumps Flow Controllers Rate Activity Amt Appl. MOH Rate Activity Amt Appl. MOH Rate Activity Amt Appl. MOH Machine Related Expenses 30 3,750 $112,500 30 6,250 $187,500 30 1,200 $36,000 Setup Labor 250 10 $2,500 250 50 $12,500 250 100
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