An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
a.
Direct Labor Total Labor
Volume Hours per Unit = Hours
Pistons =
Valves =
Cams =
Total estimated direct labor hours
Budgeted Factory Overhead / Plantwide Allocation Base = Plantwide Overhead Rate
dlh per dlh
b. Direct Factory OH Estimated Direct Labor
Labor Hours Plantwide Cost per Direct Labor Cost per
per Unit Rate Unit Rate Unit
c.
Pistons Valves Cams
Revenues (price units)
Direct materials (direct materials cost units)
Direct labor [cost per unit (b) units]
Factory overhead [cost per unit (b) units]
Total product costs
Gross profit
Gross profit percentage of sales
d.
For the Year Ended December 31, 20Y2
[Key essay answer here]
Isaac Engines Inc.
Product Line Budgeted Gross Profit Reports
Exercise 18(4)-4
Name:
Section:
0%
[Key code here]
Answers are entered in the cells with gray backgrounds.
Score:
Key Code:
Instructions
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
a.
Direct Labor Total Labor
Cams 1,000 0.10 = 100
Total estimated direct labor hours 8,400
Budgeted Factory Overhead / Plantwide Allocation Base = Plantwide Overhead Rate
b. Direct Factory OH Estimated Direct Labor
Labor Hours Plantwide Cost per Direct Labor Cost per
per Unit Rate Unit Rate Unit
c.
Pistons Valves Cams
d.
Answers are entered in the cells with gray backgrounds.
ON
Isaac Engines Inc.
Exercise 18(4)-4
Name:
Solution
Section:
Cells with non-gray backgrounds are protected and cannot be edited.
Product Line Budgeted Gross Profit Reports
For the Year Ended December 31, 20Y2
Score:
Instructions