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54. Time Bender Company makes watches and clocks. The following estimated data are available for the company's next fiscal year:

Total direct labor costs: $1,700,000

Total setup costs: $190,000

Watches

Clocks

Expected production

800,000

100,000

Direct labor hours needed

68,000 DLH

17,000 DLH

Machine setups needed

1,000 setups

1,000 setups

Determine the setup cost per unit for the watches and the clocks if setup costs are assigned using a plantwide overhead rate based on direct labor hours. (Round to two decimal places.)

 

Watches

Clocks

Expected production

800,000

100,000

Direct labor hours needed

68,000 DLH

17,000 DLH

Machine setups needed

1,000 setups

1,000 setups

 

Solution
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