Homework Answers
| Activity Cost Pool | 1. Costs Included in Pool | 2. Total Cost of Pool | 3. Unit Batch, Product, or Facility | 4. Cost Drivers |
| Engineering | Design Engineering | $220,000 | Product | Engineering Hours |
| Equipment Set Up | Manufacturing Equipment Set Up | $7,200 | Product | Number of setups |
| Indirect Labor (Manufacturing Equipment Set Up) | $8,300 | Product | Number of setups | |
| $15,500 | ||||
| Quality Control | Quality Inspections | $57,000 | Batch | No. of Inspections/Tests |
| Testing Raw Materials | $45,000 | Batch | No. of Inspections/Tests | |
| $102,000 | ||||
| Factor Facilities | Plant Insurance | $86,100 | Facility Level | Square Feet |
| Electricity, Plant | $14,000 | Facility Level | Square Feet | |
| Property taxes | $23,000 | Facility Level | Square Feet | |
| Depreciation, Plant | $18,800 | Facility Level | Square Feet | |
| $141,900 | ||||
| Manufacturing Equipment | Maintenance worker (Manufacturing Equipment) | $22,500 | Unit | Machine Hours |
| Depreciation, Manufacturing Equipment | $36,700 | Unit | Machine Hours | |
| Electricity, Manufacturing Equipment | $51,250 | Unit | Machine Hours | |
| $110,450 |
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Budgeted Cost $ 86,100 45,000 7,200 57,000 23,000 14,000 51,250 18,800 36,700 22,500 8,3ee 220,000 Name...
Santana Corporation manufactures snowmobiles in its Blue Mountain, Wisconsin, plant. The following costs are budgeted for...
Santana Corporation manufactures snowmobiles in its Blue Mountain, Wisconsin, plant. The following costs are budgeted for the first quarter's operations. Machine setup, indirect materials Inspections Tests Insurance, plant Engineering design Depreciation, machinery Machine setup, indirect labor Property taxes Oil, heating Electricity, plant lighting Engineering prototypes Depreciation, plant Electricity, machinery Machine maintenance wages $4,000 16,000 4,000 110,000 140,000 520,000 20,000 29,000 19,000 21,000 60,000 210,000 36,000 19,000 Classify the above costs of Santana Corporation into activity cost pools using the following:...
Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information...
Required information 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 $ 250,680 Number of machine hours 61,600 Number of design hours 66,482 Number of batches Estimated Cost Driver 71,600 7.ee 465 Required: 1. Compute the activity rate for each activity 2. Classify each activity as facility, product, batch, or unit level. Complete this question by entering...
Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information...
Required information 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 $171,100 Number of machine hours 45,100 Number of design hours 66,123 Number of batches Estimated Cost Driver 59,000 5,500 465 Required: 1. Compute the activity rate for each activity. 2. Classify each activity as facility, product, batch, or unit level. Complete this question by entering your...
Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information...
Required information 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 $183,300 Number of machine hours 47,725 Number of design hours 71,150 Number of batches Estimated Cost Driver 61,100 5,750 500 Required: 1. Compute the activity rate for each activity. 2. Classify each activity as facility, product, batch, or unit level. Complete this question by entering your...
Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable...
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 $312,000 Number of machine hours 73,600 Number of design hours 71,600 Number of batches Estimated Cost Driver 80,000 8,000 500 Required: 1. Compute the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Rate per Machine Hour Activity Machining Design Costs Setup per Design...
Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable...
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 $312,000 Number of machine hours 73,600 Number of design hours 71,600 Number of batches Estimated Cost Driver 80,000 8,000 500 Required: 1. Compute the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Rate per Machine Hour Activity Machining Design Costs Setup per Design...
Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable...
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 $280,460 Number of machine hours 67,500 Number of design hours 70,070 Number of batches Estimated Cost Driver 75,800 7,500 490 Required: 1. Compute the activity rate for each activity. 2. Classify each activity as facility, product, batch, or unit level. Complete this question by entering your answers in...
Check my work 1 Required information Gable Company uses three activity cost pools. Each pool has...
Check my work 1 Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: 1 points Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool Cost Driver $345, 220 Number of machine hours 79,900 Number of design hours 70,983 Number of batches Estimated Cost Driver 84,200 8,500 495 eBook Hint Required: 1. Compute the activity rate for each activity. 2. Classify each activity as facility, product, batch,...
Required information E4-3, E4-4 and E4-5 Gable Company uses three activity cost pools. Each pool has...
Required information E4-3, E4-4 and E4-5 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 $345, 220 Number of machine hours 79,900 Number of design hours 70,983 Number of batches Estimated Cost Driver 84,200 8,500 495 E4-3 (Algo) Calculating Activity Rates, Classifying Activities (LO 4-2, 4-4] Required: 1. Compute the activity rate for each activity. 2. Classify...
M4-3 (Static) Identifying Cost Drivers in an ABC System (LO 4-3) For each of the following...
M4-3 (Static) Identifying Cost Drivers in an ABC System (LO 4-3) For each of the following activities, indicate the appropriate category (unit, batch, product, or facility level) and suggest a possible cost driver for each pool: Activities Factory utilities Machine setups Research and development for a new product Sanding rough edges of the product Packaging the product for shipment Developing new packaging for a new product line Maintenance on equipment Assembling the product's component parts Materials handling costs Quality control...
Santana Corporation manufactures snowmobiles in its Blue Mountain, Wisconsin, plant. The following costs are budgeted for the first quarter's operations. Machine setup, indirect materials Inspections Tests Insurance, plant Engineering design Depreciation, machinery Machine setup, indirect labor Property taxes Oil, heating Electricity, plant lighting Engineering prototypes Depreciation, plant Electricity, machinery Machine maintenance wages $4,000 16,000 4,000 110,000 140,000 520,000 20,000 29,000 19,000 21,000 60,000 210,000 36,000 19,000 Classify the above costs of Santana Corporation into activity cost pools using the following:...
Required information 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 $ 250,680 Number of machine hours 61,600 Number of design hours 66,482 Number of batches Estimated Cost Driver 71,600 7.ee 465 Required: 1. Compute the activity rate for each activity 2. Classify each activity as facility, product, batch, or unit level. Complete this question by entering...
Required information 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 $171,100 Number of machine hours 45,100 Number of design hours 66,123 Number of batches Estimated Cost Driver 59,000 5,500 465 Required: 1. Compute the activity rate for each activity. 2. Classify each activity as facility, product, batch, or unit level. Complete this question by entering your...
Required information 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 $183,300 Number of machine hours 47,725 Number of design hours 71,150 Number of batches Estimated Cost Driver 61,100 5,750 500 Required: 1. Compute the activity rate for each activity. 2. Classify each activity as facility, product, batch, or unit level. Complete this question by entering your...
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 $312,000 Number of machine hours 73,600 Number of design hours 71,600 Number of batches Estimated Cost Driver 80,000 8,000 500 Required: 1. Compute the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Rate per Machine Hour Activity Machining Design Costs Setup per Design...
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 $312,000 Number of machine hours 73,600 Number of design hours 71,600 Number of batches Estimated Cost Driver 80,000 8,000 500 Required: 1. Compute the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Rate per Machine Hour Activity Machining Design Costs Setup per Design...
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 $280,460 Number of machine hours 67,500 Number of design hours 70,070 Number of batches Estimated Cost Driver 75,800 7,500 490 Required: 1. Compute the activity rate for each activity. 2. Classify each activity as facility, product, batch, or unit level. Complete this question by entering your answers in...
Check my work 1 Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: 1 points Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool Cost Driver $345, 220 Number of machine hours 79,900 Number of design hours 70,983 Number of batches Estimated Cost Driver 84,200 8,500 495 eBook Hint Required: 1. Compute the activity rate for each activity. 2. Classify each activity as facility, product, batch,...
Required information E4-3, E4-4 and E4-5 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 $345, 220 Number of machine hours 79,900 Number of design hours 70,983 Number of batches Estimated Cost Driver 84,200 8,500 495 E4-3 (Algo) Calculating Activity Rates, Classifying Activities (LO 4-2, 4-4] Required: 1. Compute the activity rate for each activity. 2. Classify...
M4-3 (Static) Identifying Cost Drivers in an ABC System (LO 4-3) For each of the following activities, indicate the appropriate category (unit, batch, product, or facility level) and suggest a possible cost driver for each pool: Activities Factory utilities Machine setups Research and development for a new product Sanding rough edges of the product Packaging the product for shipment Developing new packaging for a new product line Maintenance on equipment Assembling the product's component parts Materials handling costs Quality control...
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