The management of Casablanca Manufacturing Corporation believes
that machine-hours is an appropriate measure of activity for
overhead cost. Shown below are machine-hours and total overhead
costs for the past six months 
Homework Answers
| Casablanca's independent variable is the machine hours |
| Machine hours in an independent variable and does not depend on other inputs. |
| Option B the machine hours is correct |
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The management of Casablanca Manufacturing Corporation believes
that machine-hours is an appropriate measure of activity for...
Kogler Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and...
Kogler Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9.000 units, its average costs per unit are as follows Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $4.80 $4.60 $1.60 $9.00 $3.40 $1.40 $8.50 $0.45 If the selling price is $25.00 per unit, the contribution margin per unit sold is closest to Multiple Choice $15.60...
Ronda Manufacturing Corporation uses a standard cost system with machine-hours as the activity base for overhead....
Ronda Manufacturing Corporation uses a standard cost system with machine-hours as the activity base for overhead. Last year, Ronda incurred $840,000 of fixed manufacturing overhead and generated a $42,000 favorable fixed manufacturing overhead budget variance. The following data relate to last year’s operations: Denominator activity level in machine-hours 21,000 Standard machine-hours allowed for actual output 20,000 Actual number of machine-hours incurred 22,050 What amount of total fixed manufacturing overhead cost did Ronda apply to production last year? Multiple Choice: A)...
Kerekes Manufacturing Corporation has prepared the following overhead budget for next month. Activity level 2,500 machine-hours...
Kerekes Manufacturing Corporation has prepared the following overhead budget for next month. Activity level 2,500 machine-hours Variable overhead costs: Supplies $ 11,250 Indirect labor 21,000 Fixed overhead costs: Supervision 15,700 Utilities 5,900 Depreciation 6,900 Total overhead cost $ 60,750 The company's variable overhead costs are driven by machine-hours. What would be the total budgeted overhead cost for next month if the activity level is 2,400 machine-hours rather than 2,500 machine-hours? Multiple Choice $58,870 $58,320 $59,460 $60,750
A furniture manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of activity...
A furniture manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Denominator level of activity 3,300 MHs Overhead costs at the denominator activity level: Variable overhead cost $ 37,200 Fixed overhead cost $ 38,370 The following data pertain to operations for the most recent period: Actual hours 3,200 MHs Standard hours allowed for the actual output 3,340 MHs Actual total variable...
8) Sikorski Manufacturing assigns overhead based on machine hours. The Milling Dept. logs 1,400 machine hours...
8) Sikorski Manufacturing assigns overhead based on machine hours. The Milling Dept. logs 1,400 machine hours and the Cutting Dept. shows 3,000 machine hours for the period. If the overhead rate is $5 per machine hour, how much overhead will be assigned? a. $1,400. b. $3,000. c. $4,400. d. $22,000. 9) What is the biggest disadvantage of ABC? a. It does not provide costing information needed for GAAP purposes. b. It causes management to make frivolous decisions. c. It often...
year? Walsh Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to...
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Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual...
Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original Budget Actual Costs $ $ 7,800 10,720 7,990 10,070 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Factory depreciation Total overhead cost 15,610 14,900 59,970 $109,000 14,490 14,950 61,040 $108,540 The company based its original budget on 7,800 machine-hours. The company actually worked 7,760 machine-hours during the month. The standard hours...
Kerekes Manufacturing Corporation has prepared the following overhead budget for next month. Activity level 2,800 machine-...
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Estimated total manufacturing overhead costs Actual total manufacturing overhead costs Estimated machine hours Actual machine hours...
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Activity Cost Pool Activity Measure Estimated Overhead $ Purchasing Number of Orders $12,000.00 Material Handling Number...
Activity Cost Pool Activity Measure Estimated Overhead $
Purchasing Number of Orders $12,000.00 Material Handling Number of
Receipts $15,000.00 Production orders Set-up Hours $20,250.00
Inspection Inspection Hours $16,000.00 Frame assembly Assembly
Hours $8,000.00 Machine related Machine Hours $30,000.00 Total
Manufacturing Overhead costs $101,250.00.
To complete an "activity-based" cost structure, you are required
to apply manufacturing overhead to each of the briefcase products
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Kogler Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9.000 units, its average costs per unit are as follows Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $4.80 $4.60 $1.60 $9.00 $3.40 $1.40 $8.50 $0.45 If the selling price is $25.00 per unit, the contribution margin per unit sold is closest to Multiple Choice $15.60...
8) Sikorski Manufacturing assigns overhead based on machine hours. The Milling Dept. logs 1,400 machine hours and the Cutting Dept. shows 3,000 machine hours for the period. If the overhead rate is $5 per machine hour, how much overhead will be assigned? a. $1,400. b. $3,000. c. $4,400. d. $22,000. 9) What is the biggest disadvantage of ABC? a. It does not provide costing information needed for GAAP purposes. b. It causes management to make frivolous decisions. c. It often...
year? Walsh Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation estimated that it would incur $255,000 in manufacturing overhead during the year and that it would work 100,000 machine hours. The Corporation actually worked 105 000 machine-hours and incurred串270 000 n manufacturing overhead costs. By how much wa$ manufacturing overhead underapplied or overapplied for the Select one: a. $2,250 underapplied b. $2,250 overapplied С. $15,000 underapplied d. $15,000 overapplied At the...
Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original Budget Actual Costs $ $ 7,800 10,720 7,990 10,070 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Factory depreciation Total overhead cost 15,610 14,900 59,970 $109,000 14,490 14,950 61,040 $108,540 The company based its original budget on 7,800 machine-hours. The company actually worked 7,760 machine-hours during the month. The standard hours...
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Estimated total manufacturing overhead costs Actual total manufacturing overhead costs Estimated machine hours Actual machine hours $750,000 $ 765,000 200,000 hours 198,000 hours Knowledge Check 03 Using the information provided by Amilmar Inc., calculate the predetermined overhead rate. Amilmar has determined machine hours to be the appropriate cost driver to allocate overhead costs. $3.79 $1.02 O $3.75 $3.86 Knowledge Check 04 Amilmar Inc. has provided this information regarding its overhead costs. It has determined machine hours to be the appropriate...
Activity Cost Pool Activity Measure Estimated Overhead $
Purchasing Number of Orders $12,000.00 Material Handling Number of
Receipts $15,000.00 Production orders Set-up Hours $20,250.00
Inspection Inspection Hours $16,000.00 Frame assembly Assembly
Hours $8,000.00 Machine related Machine Hours $30,000.00 Total
Manufacturing Overhead costs $101,250.00.
To complete an "activity-based" cost structure, you are required
to apply manufacturing overhead to each of the briefcase products
on the activity cost pool data provided. Note that the Activity
Cost Pools are determined by management and...
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