Homework Answers
| Quality control costs | |
| Product 1 [Refer working note 1] | $68,264 |
| Product 2 [Refer working note 2] | $80,136 |
.
.
| Working note 1 - Allocation of Overhead to both the products using activity rates: | ||||||||
| Activity Cost Pool |
Activity Rate (a) |
Product 1 | Product 2 | |||||
|
Activity (b) |
Allocation (a x b) |
Activity (c) |
Allocation (a x c) |
|||||
| Quality control | $4.78709677 | per inspection | 14,260 | inspections | $68,264 | 16,740 | inspections | $80,136 |
| Overhead assigned | $68,264 | $80,136 | ||||||
.
.
| Working note 2 - Calculation of Activity rate | |||||
| Activity Cost Pool |
Estimated Overhead Cost (a) |
Total expected activity (b) |
Activity rate (a / b) |
||
| Quality control | $148,400 | 31,000 | inspections | $4.78709677 | per inspection |
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Required information M4-8 and M4-9 Acoma Co. has identified one of its cost pools to be...
Required information M4-8 and M4-9 Acoma Co. has identified one of its cost pools to be...
Required information M4-8 and M4-9 Acoma Co. has identified one of its cost pools to be quality control and has assigned $292,400 to that pool. Number of inspections has been chosen as the cost driver for this pool; Acoma performs 31,500 inspections annually. Suppose Acoma manufactures two products that consume 15,120 (Product 1) and 16,380 (Product 2) inspections each. M4-8 (Algo) Assigning Costs Using Activity Rates (LO 4-4) Using activity rates, determine the amount of quality control cost to be...
Required information M4-8 and M4-9 Acoma Co. has identified one of its cost pools to be...
Required information M4-8 and M4-9 Acoma Co. has identified one of its cost pools to be quality control and has assigned $292,400 to that pool. Number of Inspections has been chosen as the cost driver for this pool; Acoma performs 31,500 inspections annually. Suppose Acoma manufactures two products that consume 15,120 (Product 1) and 16,380 (Product 2) inspections each. M4-9 (Algo) Assigning Costs Using Activity Proportions (LO 4-5) Assume that Acoma manufacturers only the two products mentioned and they consume...
Required information M4-8 and M4-9 Acoma Co, has identified one of its cost pools to be...
Required information M4-8 and M4-9 Acoma Co, has identified one of its cost pools to be quality control and has assigned $292.400 to that pool. Number of inspections has been chosen as the cost driver for this pool; Acoma performs 31,500 inspections annually. Suppose Acoma manufactures two products that consume 15,120 (Product 1) and 16,380 (Product 2) inspections each. M4-9 (Algo) Assigning Costs Using Activity Proportions [LO 4-5) Assume that Acoma manufacturers only the two products mentioned and they consume...
Acoma Co, has identified one of its cost pools to be quality control and has assigned...
Acoma Co, has identified one of its cost pools to be quality control and has assigned $249,600 to that pool. Number of inspections has been chosen as the cost driver for this pool: Acoma performs 35,000 inspections annually. Suppose Acoma manufactures two products that consume 21,700 (Product 1) and 13,300 (Product 2) inspections each. M4-8 (Algo) Assigning Costs Using Activity Rates (LO 4.4) Using activity rates, determine the amount of quality control cost to be assigned to each of Acoma's...
chapter 4 number 1 14 Check my work ! Part 1 of 2 Required information Acoma...
chapter 4 number 1
14 Check my work ! Part 1 of 2 Required information Acoma Co. has identified one of its cost pools to be quality control and has assigned $182,400 to that pool. Number of inspections has been chosen as the cost driver for this pool; Acoma performs 26,500 inspections annually. Suppose Acoma manufactures two products that consume 9,010 (Product 1) and 17,490 (Product 2) inspections each. 0.64 points eBook Print Using activity rates, determine the amount of...
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Required information 14-3, E4-4 and 54-5 Gable Company uses three activity cost pools. Each pool has...
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Required information M4-8 and M4-9 Acoma Co. has identified one of its cost pools to be quality control and has assigned $292,400 to that pool. Number of inspections has been chosen as the cost driver for this pool; Acoma performs 31,500 inspections annually. Suppose Acoma manufactures two products that consume 15,120 (Product 1) and 16,380 (Product 2) inspections each. M4-8 (Algo) Assigning Costs Using Activity Rates (LO 4-4) Using activity rates, determine the amount of quality control cost to be...
Required information M4-8 and M4-9 Acoma Co. has identified one of its cost pools to be quality control and has assigned $292,400 to that pool. Number of Inspections has been chosen as the cost driver for this pool; Acoma performs 31,500 inspections annually. Suppose Acoma manufactures two products that consume 15,120 (Product 1) and 16,380 (Product 2) inspections each. M4-9 (Algo) Assigning Costs Using Activity Proportions (LO 4-5) Assume that Acoma manufacturers only the two products mentioned and they consume...
Required information M4-8 and M4-9 Acoma Co, has identified one of its cost pools to be quality control and has assigned $292.400 to that pool. Number of inspections has been chosen as the cost driver for this pool; Acoma performs 31,500 inspections annually. Suppose Acoma manufactures two products that consume 15,120 (Product 1) and 16,380 (Product 2) inspections each. M4-9 (Algo) Assigning Costs Using Activity Proportions [LO 4-5) Assume that Acoma manufacturers only the two products mentioned and they consume...
Acoma Co, has identified one of its cost pools to be quality control and has assigned $249,600 to that pool. Number of inspections has been chosen as the cost driver for this pool: Acoma performs 35,000 inspections annually. Suppose Acoma manufactures two products that consume 21,700 (Product 1) and 13,300 (Product 2) inspections each. M4-8 (Algo) Assigning Costs Using Activity Rates (LO 4.4) Using activity rates, determine the amount of quality control cost to be assigned to each of Acoma's...
chapter 4 number 1
14 Check my work ! Part 1 of 2 Required information Acoma Co. has identified one of its cost pools to be quality control and has assigned $182,400 to that pool. Number of inspections has been chosen as the cost driver for this pool; Acoma performs 26,500 inspections annually. Suppose Acoma manufactures two products that consume 9,010 (Product 1) and 17,490 (Product 2) inspections each. 0.64 points eBook Print Using activity rates, determine the amount of...
Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost Pools Machining Estimated Total Cost $581,400 95, 175 147,200 Setup Estimated Cost Driver 19,000 machine hours 470 batches 920 inspections Quality control M4-12 (Algo) Assigning Costs Using Activity Proportions [LO 4-5) Suppose the Luxury boat requires 7,030 machine hours, 230 inspections, and 94 batches. Using activity proportions, determine the amount of overhead assigned to the Luxury...
Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost Pools Machining Setup Quality control Estimated Total Cost $417,600 76,095 117,860 Estimated cost Driver 14,500 machine hours 380 batches 830 inspections M4-10 (Algo) Calculating Activity Rates for ABC System (LO 4-4] Compute the activity rates for each of the following activity cost pools: (Round your answers to 2 decimal places.) per Machine Hour Machining Setup Costs...
Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost Pools Machining Setup Quality control Estimated Total Cost $679,400 105,950 164,900 Estimated Cost Driver 21,500 machine hours 520 batches 970 inspections M4-10 (Algo) Calculating Activity Rates for ABC System (LO 4-4) Compute the activity rates for each of the following activity cost pools: (Round your answers to 2 decimal places.) Machining Setup Costs Quality Control per...
Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Activity Cost Pools Machining Designing costs Setup costs Total cost of Pool Cost Driver $454,960 Number of machine hours 100,000 Number of design hours 72,720 Number of batches Estimated Cost Driver 96,800 10,000 505 E4-4 (Algo) Assigning Costs Using Activity Rates (LO 4-4) Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Number of machine...
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