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Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming....

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Accounting

Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $240,000 in the Molding department and $200,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. The Molding department uses no direct labor hours as it is entirely automated. Actual production information follows.
Number of UnitsMolding DepartmentTrimming DepartmentHours per UnitTotal HoursHours per UnitTotal HoursPart Z3,0002.0MH per unit6,000MH3DLH per unit9,000DLHPart X4,0002.5MH per unit10,000MH4DLH per unit16,000DLHTotals16,000MH25,000DLH
Required:
Compute the plantwide overhead rate using direct labor hours as the allocation base.
Determine the overhead cost per unit for each part using the plantwide rate.

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