Calculate the plant-wide manufacturing rate

Reference no: EM131852998

Question: Nu Phi Company, accumulated the following data for 2015:

Milling Department manufacturing overhead.................................................................... $400,000

Finishing Department manufacturing overhead................................................................. $176,000

Machine hours used

Milling Department................................................................................................... 12,500 hours

Finishing Department............................................................................................... 2,750 hours

Labor hours used

Milling Department................................................................................................... 1,250 hours

Finishing Department................................................................................................ 1,100 hours

Required: - Calculate the plant-wide manufacturing rate using machine hours as the allocation base.

- Calculate the plant-wide manufacturing rate using direct labor hours as the allocation base.

- Calculate department overhead rates using machine hours in Milling and direct labor hours in Finishing as the allocation bases.

- Calculate department overhead rates using direct labor hours in Milling and machine hours in Finishing as the allocation bases.

- Which of these allocation systems seem to be the most appropriate? Explain.

Reference no: EM131852998

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