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  • Calculate overhead and unit costs

    Hochgeladen von

    Rafael Garcia
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    This document provides a solution to a cost management problem. It calculates overhead rates and applies overhead to different production models. It first calculates an overhead rate of $28.50 per direct labor hour. It then identifies 5 cost pools: Maintenance/Engineering, Material Handling, Setups, Purchasing, and Space. Pool rates are calculated by dividing pool costs by the appropriate cost driver. Finally, overhead is applied to an Economy and Custom production model using the pool rates, and a total unit cost is calculated for each model by dividing total costs by units produced.

    Originalbeschreibung:

    COSTOS

    Originaltitel

    12-13s

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    This document provides a solution to a cost management problem. It calculates overhead rates and applies overhead to different production models. It first calculates an overhead rate of $28.50 per direct labor hour. It then identifies 5 cost pools: Maintenance/Engineering, Material Handling, Setups, Purchasing, and Space. Pool rates are calculated by dividing pool costs by the appropriate cost driver. Finally, overhead is applied to an Economy and Custom production model using the pool rates, and a total unit cost is calculated for each model by dividing total costs by units produced.

    Copyright:

    © All Rights Reserved
    Als XLS, PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    9 Ansichten1 Seite

    Calculate overhead and unit costs

    Hochgeladen von

    Rafael Garcia
    This document provides a solution to a cost management problem. It calculates overhead rates and applies overhead to different production models. It first calculates an overhead rate of $28.50 per direct labor hour. It then identifies 5 cost pools: Maintenance/Engineering, Material Handling, Setups, Purchasing, and Space. Pool rates are calculated by dividing pool costs by the appropriate cost driver. Finally, overhead is applied to an Economy and Custom production model using the pool rates, and a total unit cost is calculated for each model by dividing total costs by units produced.

    Copyright:

    © All Rights Reserved
    Als XLS, PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 1

    12-13

    SOLUTION

    Enter the appropriate amounts in the shaded cells in columns E, G, I and L.


    1)

    Calculation of overhead rate


    Tasa de CIF =

    Cost per unit


    Prime costs
    Economy
    Custom
    Applied overhead
    Economy
    Custom
    Total cost
    Divided by units produced
    Cost per unit
    2)

    Total CIF
    Horas de MOD

    570,000
    20,000

    Economy Model
    20,000 units x
    10,000 units x

    $
    $

    40.00
    80.00

    10,000 dlh x
    10,000 dlh x

    $
    $

    28.50
    28.50

    = $

    28.50 per dlh

    Custom Model

    800,000
    $

    800,000

    285,000
    $ 1,085,000
    20,000
    $
    54.25

    285,000
    $ 1,085,000
    10,000
    $
    108.50

    Cost driver

    Pool rate

    Cost pools and pool rates


    Pool 1:
    Maintenance
    Engineering
    Total

    $ 84,000
    120,000
    $ 204,000 divided by maint.hrs.

    4,000

    = $

    51.00

    Pool 2:
    Material handling

    $ 120,000 divided by # of moves

    6,000

    = $

    20.00

    Pool 3:
    Setups

    $ 96,000 divided by # of setups

    80

    Pool 4:
    Purchasing
    Receiving
    Paying suppliers
    Total

    $ 60,000
    40,000
    30,000
    $ 130,000 divided by # orders

    Pool 5:
    Providing space

    $ 20,000 divided by machine hrs

    Cost per unit


    Prime costs
    Economy
    Custom
    Applied overhead
    Pool 1
    Economy
    Custom
    Pool 2
    Economy
    Custom
    Pool 3
    Economy
    Custom
    Pool 4
    Economy
    Custom
    Pool 5
    Economy
    Custom
    Total cost
    Divided by units produced
    Cost per unit

    Cost Management

    750

    = $

    173.33

    10,000

    = $

    2.00

    Economy Model
    20,000 units x
    10,000 units x

    $
    $

    40.00
    80.00

    1,000 maint hr. x


    3,000 maint hr. x

    $
    $

    51.00
    51.00

    51,000

    2,000 moves x
    4,000 moves x

    $
    $

    20.00
    20.00

    40,000

    $ 1,200.00
    $ 1,200.00

    24,000

    250 orders x
    500 orders x

    $
    $

    173.33
    173.33

    43,333

    5,000 mach hr. x


    5,000 mach hr. x

    $
    $

    2.00
    2.00

    10,000

    20 setups x
    60 setups x

    = $ 1,200.00

    Custom Model

    800,000
    800,000

    153,000

    80,000

    72,000

    86,665

    $
    $

    968,333
    20,000
    48.42

    10,000
    $ 1,201,665
    10,000
    $
    120.17

    Hansen and Mowen

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