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Sherpa Company has identified the following activities and costs. Activity Machine setup Factory maintenance Administrative heating...
I got this wrong Knowledge Check 01 Sherpa Company has Identified the following activities and costs....
I got this wrong
Knowledge Check 01 Sherpa Company has Identified the following activities and costs. Activity Machine setup Factory maintenance Administrative heating Factory heating Administrative salaries Engineer salaries Cost 150,000 $ 200, eee $ 50, eee $ 100,000 600, eee 750,000 The total overhead costs to be allocated to products using the ABC method is: $1,200,000 $1,250,000 • $1,850,000 $1,800,000
Knowledge Check 01 Sheldon Company uses the activity-based costing system and has Identified the following activity...
Knowledge Check 01 Sheldon Company uses the activity-based costing system and has Identified the following activity cost pools, activity costs, and pool cost. The number of cost pools used by Sheldon is: Activity cost $ 150, 000 $ 200,000 $ 100, 000 60০, ০০০ $ 750,000 Pool Cost Activity Cost Pool Machine setup Factory maintenance Factory heating Plant manager salaries Engineer salaries $ 150,000 $ 300,000 $1,350,000 03 2.
X Company uses an activity-based costing overhead allocation system. It has identified three activities - Setup,...
X Company uses an activity-based costing overhead allocation system. It has identified three activities - Setup, Purchasing Machine maintenance and their respective cost drivers - setup hours, purchase orders, machine hours. Budgeted activity costs in 2018 were as follows: Activity Setup Purchasing Machine maintenance Budgeted Cost $100,000 58,300 59,900 The following 2018 cost driver information is available for one of its products Product X, and for all of its products (including Product x): setup hours purchase orders machine hours Product...
Cornwell Products has adopted an ABC costing system to allocate its overhead costs. The following manufacturing...
Cornwell Products has adopted an ABC costing system to allocate its overhead costs. The following manufacturing activities and cost drivers have been identified: Activity Machine setup Machining Polishing Quality control Facility-level costs Total overhead costs Estimated OH Costs $180,000 $1,050,000 $100,000 $320,000 $150,000 $1,800,000 Esimated amount of allocation base 2,000 setups 12,000 machine hours 5,000 polishing cloths 4,000 test runs 50,000 DL hours The job cost record for Job #804 revealed the following Direct material costs: $1,250 Direct labor 12...
X Company uses an activity-based costing overhead allocation system. It has identified three activities and three...
X Company uses an activity-based costing overhead allocation system. It has identified three activities and three cost drivers. The activities and budgeted costs are as follows: Activity Budgeted Cost Setup $112,000 Purchasing $58,000 Machine Maintenance $55,000 The following cost driver information is available for the company's only two products, A and B: Cost Driver Product A Product B setup hours 32,100 76,600 purchase orders 51,000 40,100 machine hours 69,900 50,600 How much overhead was allocated to Product A? (round overhead...
X Company uses an activity-based costing overhead allocation system. It has identified three activities and three...
X Company uses an activity-based costing overhead allocation system. It has identified three activities and three cost drivers. The activities and budgeted costs are as follows Activity Budgeted Cost Setup $106,000 Purchasing Machine Maintenance $55,000 $58,000 The following cost driver information is available for the company's only two products, A a nd B Cost Driver Product A Product B 31,600 74,400 setup hours purchase orders 53,200 37,400 machine hours 70,500 52,900 How much overhead was allocated to Product A? (round...
Approximately Relevant ABCSilven Company has identified the following overhead activities, costs, and activity drivers for the...
Approximately Relevant ABCSilven Company has identified the following overhead activities, costs, and activity drivers for the coming year:Silven produces two models of cell phones with the following expected activity demands:Required:1. Determine the total overhead assigned to each product using the four activity drivers.2. Determine the total overhead assigned to each model using the two most expensive activities. The costs of the two relatively inexpensive activities are allocated to the two expensive activities in proportion to their costs.3. Using ABC as...
Two parts to one question: Part two: Xie Company identified the following activities, costs, and activity...
Two parts to one question:
Part two:
Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types of go- karts: Deluxe and Basic Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costs $ 725,000 1,000,000 205,000 275,000 400,000 175,000 Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models Required: Compute the activity rate for each activity, assuming the...
Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for...
Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $135,000 Number of setups 120 Ordering materials 10,800 Number of orders 600 Machining 119,000 Machine hours 11,900 Receiving 19,200 Receiving hours 960 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y Units completed 4,300 8,600 Number...
Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for...
Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $129,000 Number of setups 120 Ordering materials 15,300 Number of orders 900 Machining 92,400 Machine hours 11,550 Receiving 16,800 Receiving hours 1,050 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y Units completed 5,900 11,800 Number of setups 80 40 Number of orders...
I got this wrong
Knowledge Check 01 Sherpa Company has Identified the following activities and costs. Activity Machine setup Factory maintenance Administrative heating Factory heating Administrative salaries Engineer salaries Cost 150,000 $ 200, eee $ 50, eee $ 100,000 600, eee 750,000 The total overhead costs to be allocated to products using the ABC method is: $1,200,000 $1,250,000 • $1,850,000 $1,800,000
Knowledge Check 01 Sheldon Company uses the activity-based costing system and has Identified the following activity cost pools, activity costs, and pool cost. The number of cost pools used by Sheldon is: Activity cost $ 150, 000 $ 200,000 $ 100, 000 60০, ০০০ $ 750,000 Pool Cost Activity Cost Pool Machine setup Factory maintenance Factory heating Plant manager salaries Engineer salaries $ 150,000 $ 300,000 $1,350,000 03 2.
X Company uses an activity-based costing overhead allocation system. It has identified three activities - Setup, Purchasing Machine maintenance and their respective cost drivers - setup hours, purchase orders, machine hours. Budgeted activity costs in 2018 were as follows: Activity Setup Purchasing Machine maintenance Budgeted Cost $100,000 58,300 59,900 The following 2018 cost driver information is available for one of its products Product X, and for all of its products (including Product x): setup hours purchase orders machine hours Product...
Cornwell Products has adopted an ABC costing system to allocate its overhead costs. The following manufacturing activities and cost drivers have been identified: Activity Machine setup Machining Polishing Quality control Facility-level costs Total overhead costs Estimated OH Costs $180,000 $1,050,000 $100,000 $320,000 $150,000 $1,800,000 Esimated amount of allocation base 2,000 setups 12,000 machine hours 5,000 polishing cloths 4,000 test runs 50,000 DL hours The job cost record for Job #804 revealed the following Direct material costs: $1,250 Direct labor 12...
X Company uses an activity-based costing overhead allocation system. It has identified three activities and three cost drivers. The activities and budgeted costs are as follows Activity Budgeted Cost Setup $106,000 Purchasing Machine Maintenance $55,000 $58,000 The following cost driver information is available for the company's only two products, A a nd B Cost Driver Product A Product B 31,600 74,400 setup hours purchase orders 53,200 37,400 machine hours 70,500 52,900 How much overhead was allocated to Product A? (round...
Approximately Relevant ABCSilven Company has identified the following overhead activities, costs, and activity drivers for the coming year:Silven produces two models of cell phones with the following expected activity demands:Required:1. Determine the total overhead assigned to each product using the four activity drivers.2. Determine the total overhead assigned to each model using the two most expensive activities. The costs of the two relatively inexpensive activities are allocated to the two expensive activities in proportion to their costs.3. Using ABC as...
Two parts to one question:
Part two:
Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types of go- karts: Deluxe and Basic Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costs $ 725,000 1,000,000 205,000 275,000 400,000 175,000 Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models Required: Compute the activity rate for each activity, assuming the...
Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $129,000 Number of setups 120 Ordering materials 15,300 Number of orders 900 Machining 92,400 Machine hours 11,550 Receiving 16,800 Receiving hours 1,050 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y Units completed 5,900 11,800 Number of setups 80 40 Number of orders...
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