Homework Answers
1.
A) Overhead rate = Total Overhead/Total labor hours
= (48,000+72,000)/(2,600+2,400) = 24 per labor hour
Overhead assigned to
Dining chairs = 2600*24 = 62,400
Tables = 2400*24 = 57,600
.
B)
Overhead assigned to
Dining chairs :-
= Machine setups (48,000/800)*200 + Inspections (72,000/720)*250
= 37,000
Tables :-
= Machine setups (48,000/800)*600 + Inspections (72,000/720)*470
= 83,000
Add Answer to:
do problem 1
d. $288,000. 100,000 Contribution margin ratio of 20%. The boom Section 2 Problems:...
22. Hayward Industries manufactures dining chairs and tables. The following information is available: Dining Chairs 200...
22. Hayward Industries manufactures dining chairs and tables. The following information is available: Dining Chairs 200 250 Total Cost C $48,000 $72,000 Tables 600 Machine setups Inspections Labor hours 470 000 2,600 2,400 Hayward is considering switching from one overhead rate based on labor hours to activity-based costing. Instructions costs Perform the following analyses for these two components of overhead: Compute total machine setups and inspection costs assigned to each product, using a single overhead rate. b. Compute total machine...
Compute total machine setups and inspection costs assigned to each product, using a single a. overhead...
Compute total machine setups and inspection costs assigned to each product, using a single a. overhead rate Compute total machine setups and inspection costs assigned to each product, using b. activity-based costing Problem # 2 Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Total Cost $17,000 13,500 14,400 12,500 1T Miles Driven 10,000 8,000 9,000 7,000 January February March April Instructions Compute the variable and fixed cost elements using the high-low method.
18. Portman Company's activity for the first thi January February March Machine Hours e first three...
18. Portman Company's activity for the first thi January February March Machine Hours e first three months of 2016 are as follows: 2.100 2,600 Electrical Cost $4,800 2,900 19. $5,800 $6,400 uch is the cost per machine hour? Using the high-low method, how much is the co a $2.00 b. $3.00 C. $2.26 d. $1.78 A division sold 200,000 calculators during 20 Sales Variable costs: Materials Order processing Billing labor Selling expenses Total variable costs Fixed costs How much is...
Problem D: CBW Corporation manufactures travel clocks and watches. Overhead costs are currently allocated using dir...
Problem D: CBW Corporation manufactures travel clocks and watches. Overhead costs are currently allocated using direct tabor hours, but the controller has recommended using an activity based costing system based on the following data: Cost Driver Watches Activity Cost Travel assigned Clocks Production setup Setups Se s $100.000 20 30 e setups setups Material handling and Parts requisition $30.000 24 parts 36 parts Packaging and shipping Units shipped 80.000 units 120.000 units . Total overhead $190,000 1 Compute the amount...
Problem 2 The controller for the XZY Company has established the following overhead pools and cost...
Problem 2 The controller for the XZY Company has established the following overhead pools and cost drivers: Overhead Cost Pool Budgeted Overhead Cost Cost Driver Machine setups $100,000 Number of setups Material Handling $50,000 Units of Raw Material Quality control inspections $37,500 Number of Inspections Other overhead costs $100,000 Machine Hours Overhead Cost Pool Budgeted Level for Cost Driver Pool Overhead Rate Machine setups 100 setups $1,000 per setup Material Handling 50,000 units $1 per unit Quality control inspections 1,000...
PR 18-4A Activity-based product costing Obj. 4 2. Alpha total activity Mello Manufacturing Company is a...
PR 18-4A Activity-based product costing Obj. 4 2. Alpha total activity Mello Manufacturing Company is a diversified manufacturer that manufactures three products cost, $160,450 (Alpha, Beta, and Omega) in a continuous production process. Senior n a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical activities of the organization as follows: EXCEL TEMPLATE Activity Production Setup Material handling Inspection Product engineering Total...
PROBLEM #2) CCT Company manufactures two products, Product C and Product D. The company estimated it...
PROBLEM #2) CCT Company manufactures two products, Product C and Product D. The company estimated it would incur $200,000 in manufacturing overhead costs during the current period. Data concerning the current period's operations appear below: Product C Product D Estimated volume 4,350 units 3,550 units Direct labor-hours per unit 2.30 hours 2.40 hours Direct materials cost per unit $ 17.10 $ 30.30 Direct labor cost per unit $ 23.00 $ 24.00 The company is considering using an activity-based costing system...
E17.9 (LO 2, 3) Writing Air United, Inc. manufactures two products: missile range instruments and space...
E17.9 (LO 2, 3) Writing Air United, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and 300 pressure gauges were produced, and overhead costs of $94,500 were estimated. An analysis of estimated overhead costs reveals the following activities. Compute overhead rates and assign overhead using ABC. Excel Activities 1. Materials handling 2. Machine setups 3. Quality inspections Cost Drivers Number of requisitions Number of setups Number of inspections Total Cost $40,000 21,500...
Testbank Exercise 2 Megan Industries manufactures several products including a basic case for a popular smart...
Testbank Exercise 2 Megan Industries manufactures several products including a basic case for a popular smart phone. The company is considering adopting an activity-based costing approach for setting its budget. The company's production activities, budgeted activity costs, and cost drivers for the coming year are as follows. Activity Cost driver Cost driver quantity Activity overhead $ Machine setup # of setups $196,020 810 of quality tests Inspection 190,850 550 #of purchase orders Materials receiving 201,780 1,770 The budgeted data for...
Apple Inc. manufactures two products: iPhones and iPads. During September, 5,000 iPhones and 3,000 iPads were produced,...
Apple Inc. manufactures two products: iPhones and iPads. During September, 5,000 iPhones and 3,000 iPads were produced, and overhead costs of $945,000 were estimated. An analysis of estimated overhead costs reveals the following activities. Activities 1. Materials handling 2. Machine setups 3. Quality inspections Cost Drivers Number of requisitions Number of setups Number of inspections Total Cost $ 400,000 215.000 330.000 $ 945,000 The cost driver volume for each product was as follows. Cost Drivers Number of requisitions Number of...
22. Hayward Industries manufactures dining chairs and tables. The following information is available: Dining Chairs 200 250 Total Cost C $48,000 $72,000 Tables 600 Machine setups Inspections Labor hours 470 000 2,600 2,400 Hayward is considering switching from one overhead rate based on labor hours to activity-based costing. Instructions costs Perform the following analyses for these two components of overhead: Compute total machine setups and inspection costs assigned to each product, using a single overhead rate. b. Compute total machine...
Compute total machine setups and inspection costs assigned to each product, using a single a. overhead rate Compute total machine setups and inspection costs assigned to each product, using b. activity-based costing Problem # 2 Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Total Cost $17,000 13,500 14,400 12,500 1T Miles Driven 10,000 8,000 9,000 7,000 January February March April Instructions Compute the variable and fixed cost elements using the high-low method.
18. Portman Company's activity for the first thi January February March Machine Hours e first three months of 2016 are as follows: 2.100 2,600 Electrical Cost $4,800 2,900 19. $5,800 $6,400 uch is the cost per machine hour? Using the high-low method, how much is the co a $2.00 b. $3.00 C. $2.26 d. $1.78 A division sold 200,000 calculators during 20 Sales Variable costs: Materials Order processing Billing labor Selling expenses Total variable costs Fixed costs How much is...
Problem D: CBW Corporation manufactures travel clocks and watches. Overhead costs are currently allocated using direct tabor hours, but the controller has recommended using an activity based costing system based on the following data: Cost Driver Watches Activity Cost Travel assigned Clocks Production setup Setups Se s $100.000 20 30 e setups setups Material handling and Parts requisition $30.000 24 parts 36 parts Packaging and shipping Units shipped 80.000 units 120.000 units . Total overhead $190,000 1 Compute the amount...
PR 18-4A Activity-based product costing Obj. 4 2. Alpha total activity Mello Manufacturing Company is a diversified manufacturer that manufactures three products cost, $160,450 (Alpha, Beta, and Omega) in a continuous production process. Senior n a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical activities of the organization as follows: EXCEL TEMPLATE Activity Production Setup Material handling Inspection Product engineering Total...
PROBLEM #2) CCT Company manufactures two products, Product C and Product D. The company estimated it would incur $200,000 in manufacturing overhead costs during the current period. Data concerning the current period's operations appear below: Product C Product D Estimated volume 4,350 units 3,550 units Direct labor-hours per unit 2.30 hours 2.40 hours Direct materials cost per unit $ 17.10 $ 30.30 Direct labor cost per unit $ 23.00 $ 24.00 The company is considering using an activity-based costing system...
E17.9 (LO 2, 3) Writing Air United, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and 300 pressure gauges were produced, and overhead costs of $94,500 were estimated. An analysis of estimated overhead costs reveals the following activities. Compute overhead rates and assign overhead using ABC. Excel Activities 1. Materials handling 2. Machine setups 3. Quality inspections Cost Drivers Number of requisitions Number of setups Number of inspections Total Cost $40,000 21,500...
Testbank Exercise 2 Megan Industries manufactures several products including a basic case for a popular smart phone. The company is considering adopting an activity-based costing approach for setting its budget. The company's production activities, budgeted activity costs, and cost drivers for the coming year are as follows. Activity Cost driver Cost driver quantity Activity overhead $ Machine setup # of setups $196,020 810 of quality tests Inspection 190,850 550 #of purchase orders Materials receiving 201,780 1,770 The budgeted data for...
Apple Inc. manufactures two products: iPhones and iPads. During September, 5,000 iPhones and 3,000 iPads were produced, and overhead costs of $945,000 were estimated. An analysis of estimated overhead costs reveals the following activities. Activities 1. Materials handling 2. Machine setups 3. Quality inspections Cost Drivers Number of requisitions Number of setups Number of inspections Total Cost $ 400,000 215.000 330.000 $ 945,000 The cost driver volume for each product was as follows. Cost Drivers Number of requisitions Number of...
Most questions answered within 3 hours.
-
Write a program to solve the Josephus problem, with the following
modification:
Sample Input:
./a.out n...
asked 54 minutes ago -
At the start of a CD it is spinning at a rate of 525 rpm
(revolutions...
asked 1 hour ago -
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 2 hours ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 3 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 3 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 3 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 4 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 5 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 5 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 5 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 5 hours ago -
Why are polymers not typically casted into products?
asked 5 hours ago