Homework Answers
| Item | Working | Cost |
| Setup Cost | 30,000*20/40 | 15,000.00 |
| Machining Hours | 330,000*1,000/5,000 | 66,000.00 |
| Packing | 120,000*150/500 | 36,000.00 |
| Total Overhead | 117,000.00 |
Hence total overhead assigned to product A1 is $117000
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30. Foxx Company incurs $480,000 overhead costs each year in its three main departments, setup ($30,000),...
Company incurs $480,000 overhead costs each year in its three main departments, setup ($30,000), machining ($330,00...
Company incurs $480,000 overhead costs each year in its three main departments, setup ($30,000), machining ($330,000), and packing (S1200 The setup department performs 40 setups per year, the machir works 5,000 hours per year, and the packing department year. Information about Foxx's two products is as follows s 40 setups per year, the machining department the packing department packs 500 orders per Product A1 Product B1 20 Number of setups Machining hours Orders packed Number of products manufactured 20 1,000...
Foro Como company incurs $480,000 overhead cos erhead costs each year in its three main departments,...
Foro Como company incurs $480,000 overhead cos erhead costs each year in its three main departments, setup ($30,000)machining ($330,000). and packing ($120,000). The setup dep performs 40 setups per year, the machining department works 5,000 hours per the packing department packs 500 orders per year. Information about is as follows: ww orders per year. Information about Foxx's two products works 5,000 hours per year, and Number of setups Machining hours Orders packed Number of products manufactured Product A1 20 1,000...
Windsor Co. incurs $1128000 of overhead costs each year in its three main departments, machining ($640000),...
Windsor Co. incurs $1128000 of overhead costs each year in its three main departments, machining ($640000), inspections ($320000) and packing ($168000). The machining department works 4000 hours per year, there are 600 inspections per year, and the packing department packs 1000 orders per year. Information about Windsor’s two products is as follows: Product X Product Y Machining hours 1000 3000 Inspections 100 500 Orders packed 350 650 Direct labor hours 1700 1800 Using ABC, how much overhead is assigned to...
View Policies Current Attempt in Progress Windsor Co. incurs $1145625 of overhead costs each year in...
View Policies Current Attempt in Progress Windsor Co. incurs $1145625 of overhead costs each year in its three main departments, machining ($650000), inspections ($325000) and packing ($170625). The machining department works 4000 hours per year, there are 600 inspections per year, and the packing department packs 1000 orders per year. Information about Windsor's two products is as follows: Product 1000 Machining hours Inspections Orders packed Direct labor hours 100 350 1700 Product Y 3000 500 650 1800 if traditional costing...
79. A company incurs $4083500 of overhead each year in three departments: Ordering and Receiving, Mixing,...
79. A company incurs $4083500 of overhead each year in three departments: Ordering and Receiving, Mixing, and Testing. The company prepares 2000 purchase orders, works 50000 mixing hours, and performs 1500 tests per year in producing 200000 drums of Goo and 600000 drums of Slime. The following data are available: Department Estimated use of Driver Cost Ordering and Receiving 2000 $1260000 Mixing 50000 1475000 Testing 1500 1348500 Production information for Slime is as follows: Department Estimated use of Driver Ordering...
Ripa Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have been allocated...
Ripa Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have been allocated to the company's three activity pools as follows: Machining. $111,755; Order Filling, $175,800; and Fabrication, $135,405. Machining costs are assigned to products based on machine hours, Order Filling are assigned based on the number of orders, and Fabrication costs are assigned based on the number of machine setups required. Activity data are as follows: Machine Orders Setups Hours Product 750 255 1,560 X Product...
33. A company incurs $1,350,000 of overhead each year in three departments: Ordering and Receiving, Mixing,...
33. A company incurs $1,350,000 of overhead each year in three departments: Ordering and Receiving, Mixing, and Testing. The company prepares 2.000 purchase orders, works 50,000 mixing hours, and performs 1,500 tests per vear in producing 200,000 drums of Goo and 600,000 drums of Slime. The following data are available: Department Expected use of Driver Cost Ordering and Receiving 2,000 $400,000 50,000 500,000 1,500 450,000 Mixing Testing Production information for Slime is as follows: Denartment Expected use of Driver Ordering...
Hammer Company produces a variety of electronic equipment. One of its plants produces two laser printers:...
Hammer Company produces a variety of electronic equipment. One of its plants produces two laser printers: the deluxe and the regular. At the beginning of the year, the following data were prepared for this plant: Deluxe Regular Quantity 100,000 800,000 Selling price $900 $750 Unit prime cost $529 $483 In addition, the following information was provided so that overhead costs could be assigned to each product: Activity Name Activity Driver Deluxe Regular Activity Cost Setups Number of setups 300 200...
+ BACK NEXT CALCULATOR PRINTER VERSION Do It Review 4-2- Flynn Industries has three activity cost...
+ BACK NEXT CALCULATOR PRINTER VERSION Do It Review 4-2- Flynn Industries has three activity cost pools and the products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cont drivers Estimated Use of Annual Overhead Data Cast Drivers per Product Estimated Estimated Use of Cost Product Product Activity Cost Pools...
29. A company incurs $3,600,000 of overhead each year in three departments Processing, Packaging, and Testing. The...
29. A company incurs $3,600,000 of overhead each year in three departments Processing, Packaging, and Testing. The company performs 800 processing transactions, 200,000 packaging transactions, and 2,000 tests per year in producing 400,000 drums of Oil and 600,000 drums of Sludge. The following data are available: Department Expected Use of Driver Cost 800 200,000 2,000 Processing Packaging Testing $1,500,000 1,500,000 600,000 Production information for the two products is as follows: Oil Expected Use of Driver Sludge Expected Use of Driver...
Company incurs $480,000 overhead costs each year in its three main departments, setup ($30,000), machining ($330,000), and packing (S1200 The setup department performs 40 setups per year, the machir works 5,000 hours per year, and the packing department year. Information about Foxx's two products is as follows s 40 setups per year, the machining department the packing department packs 500 orders per Product A1 Product B1 20 Number of setups Machining hours Orders packed Number of products manufactured 20 1,000...
Foro Como company incurs $480,000 overhead cos erhead costs each year in its three main departments, setup ($30,000)machining ($330,000). and packing ($120,000). The setup dep performs 40 setups per year, the machining department works 5,000 hours per the packing department packs 500 orders per year. Information about is as follows: ww orders per year. Information about Foxx's two products works 5,000 hours per year, and Number of setups Machining hours Orders packed Number of products manufactured Product A1 20 1,000...
View Policies Current Attempt in Progress Windsor Co. incurs $1145625 of overhead costs each year in its three main departments, machining ($650000), inspections ($325000) and packing ($170625). The machining department works 4000 hours per year, there are 600 inspections per year, and the packing department packs 1000 orders per year. Information about Windsor's two products is as follows: Product 1000 Machining hours Inspections Orders packed Direct labor hours 100 350 1700 Product Y 3000 500 650 1800 if traditional costing...
Ripa Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have been allocated to the company's three activity pools as follows: Machining. $111,755; Order Filling, $175,800; and Fabrication, $135,405. Machining costs are assigned to products based on machine hours, Order Filling are assigned based on the number of orders, and Fabrication costs are assigned based on the number of machine setups required. Activity data are as follows: Machine Orders Setups Hours Product 750 255 1,560 X Product...
33. A company incurs $1,350,000 of overhead each year in three departments: Ordering and Receiving, Mixing, and Testing. The company prepares 2.000 purchase orders, works 50,000 mixing hours, and performs 1,500 tests per vear in producing 200,000 drums of Goo and 600,000 drums of Slime. The following data are available: Department Expected use of Driver Cost Ordering and Receiving 2,000 $400,000 50,000 500,000 1,500 450,000 Mixing Testing Production information for Slime is as follows: Denartment Expected use of Driver Ordering...
Hammer Company produces a variety of electronic equipment. One of its plants produces two laser printers: the deluxe and the regular. At the beginning of the year, the following data were prepared for this plant: Deluxe Regular Quantity 100,000 800,000 Selling price $900 $750 Unit prime cost $529 $483 In addition, the following information was provided so that overhead costs could be assigned to each product: Activity Name Activity Driver Deluxe Regular Activity Cost Setups Number of setups 300 200...
+ BACK NEXT CALCULATOR PRINTER VERSION Do It Review 4-2- Flynn Industries has three activity cost pools and the products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cont drivers Estimated Use of Annual Overhead Data Cast Drivers per Product Estimated Estimated Use of Cost Product Product Activity Cost Pools...
29. A company incurs $3,600,000 of overhead each year in three departments Processing, Packaging, and Testing. The company performs 800 processing transactions, 200,000 packaging transactions, and 2,000 tests per year in producing 400,000 drums of Oil and 600,000 drums of Sludge. The following data are available: Department Expected Use of Driver Cost 800 200,000 2,000 Processing Packaging Testing $1,500,000 1,500,000 600,000 Production information for the two products is as follows: Oil Expected Use of Driver Sludge Expected Use of Driver...
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