Trget products uses a two-stage allocation method to

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Reference no: EM13579564

Target Products uses a two-stage allocation method to assign costs to its products. The following information has been provided for March:

Product 1 Product 2 Total

Units 3,000 2000 5000
Machine Hours 2,000 4000 6000
Direct Labor 2,000 2,000 4,000
Manufacturing Overhead
Ultilties (machine related) 83000
Supplies (labor related) 8,000
Trianing (labor related) 20,000
Supervision (labor related) 17,000
machine depreciation (machine related) 24,000
Lease on factory (machine related) 33,000
Miscellanous (labor related) 5,000
Total Manufacturing Overhead $110,000

Required:
(a) Allocate the manufacturing overhead to two cost pools: machine-related and labor-related
(b) Compute the predetermined overhead rate for the two pools, using machine hours and direct labor hours as the bases.
(c) Compute the total costs of production for each of the two products.

Reference no: EM13579564

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