Activity Rates Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic...
Activity Rates Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic injection molding and decal application. Patten’s 20X1 total budgeted overhead costs for these two activities are $444,000 (80% for injection molding and 20% for decal application). Molding overhead costs are driven by the number of pounds of plastic that are molded together. Decal application overhead costs are driven by the number of decals applied to toys. The budgeted activity data for 20X1 are as follows: Pounds of plastic molded 1,920,000 Number of decals applied 205,000 Required: 1. Calculate the activity rate for the plastic injection molding activity. Round your answer to the nearest cent. $ per pound molded 2. Calculate the activity rate for the decal application activity. Round your answer to the nearest cent. $ per decal applied
Homework Answers
Calculate activity rate
| Estimated activity | Estimated cost | Activity driver | Activity rate | |
| Injection molding | 355200 | 1920000 pounds of plastic model | 355200/1920000 | 0.19 per pound molded |
| Decal application | 88800 | 205000 number of decals | 88800/205000 | 0.43 per decal applied |
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Activity Rates Patten Company uses activity-based costing (ABC).
Patten manufactures toy cars using two activities: plastic...
Activity Rates Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic...
Activity Rates Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic injection molding and decal application. Patten's 20x1 total budgeted overhead costs for these two activities are $508,000 (90% for injection molding and 10% for decal application). Molding overhead costs are driven by the number of pounds of plastic that are molded together. Decal application overhead costs are driven by the number of decals applied to toys. The budgeted activity data for 20x1 are as...
Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic injection molding...
Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic injection molding and decal application. Patten’s 20X1 total budgeted overhead costs for these two activities are $513,000 (80% for injection molding and 20% for decal application). Molding overhead costs are driven by the number of pounds of plastic that are molded together. Decal application overhead costs are driven by the number of decals applied to toys. The budgeted activity data for 20X1 are as follows: Pounds...
Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic injection molding...
Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic injection molding and decal application. Patten’s 20X1 total budgeted overhead costs for these two activities are $413,000 (80% for injection molding and 20% for decal application). Molding overhead costs are driven by the number of pounds of plastic that are molded together. Decal application overhead costs are driven by the number of decals applied to toys. The budgeted activity data for 20X1 are as follows: Pounds...
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Activity Rates Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic injection molding and decal application. Patten's 20x1 total budgeted overhead costs for these two activities are $508,000 (90% for injection molding and 10% for decal application). Molding overhead costs are driven by the number of pounds of plastic that are molded together. Decal application overhead costs are driven by the number of decals applied to toys. The budgeted activity data for 20x1 are as...
Job Costs Using Activity-Based Costing Heitger Company is a
job-order costing firm that uses activity-based costing to apply
overhead to jobs. Heitger identified three overhead activities and
related drivers. Budgeted information for the year is as follows:
Activity Cost Driver Amount of Driver Materials handling $55,000
Number of moves 2,500 Engineering 101,500 Number of change orders
7,000 Other overhead 180,000 Direct labor hours 50,000
Job Costs Using Activity-Based Costing Heitger Company is a job-order costing firm that uses activity-based costing...
Activity Rates and Product Costs using Activity-Based Costing Garfield Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Budgeted Activity Cost Activity Base Activity Casting Assembly Inspecting $250,000 193,800 29,540 45,600 47,500 Machine hours Direct labor hours Number of inspections Number of setups Number of loads Setup Materials handling Corporate records were obtained to estimate the amount of activity...
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