Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing...
Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Budgeted Overhead Cost Budgeted Level for Cost Driver Overhead Cost Driver Materials handling $ 160,000 3,200 pounds Weight of materials Machine setup 13,260 390 setups Number of setups Machine repair 1,380 30,000 machine hours Machine hours Inspections 10,560 160 inspections Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor 20 hours Direct materials 130 pounds Machine setup 30 setups Machine hours 15,000 machine hours Inspections 15 inspections Using ABC, overhead cost assigned to Job #971 for machine setup is:
Homework Answers
| Budgeted Overhead Cost | 13260 |
| Divide by Number of setups | 390 |
| Activity rate for Machine setup | 34 |
| Machine setups used in Job #971 | 30 |
| X Activity rate for Machine setup | 34 |
| Overhead cost assigned to Job #971 for machine setup | 1020 |
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Wings Co. budgeted $555,600 manufacturing direct wages, 2,315
direct labor hours, and had the following manufacturing...
Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing...
Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Budgeted Budgeted Level for Overhead Cost Overhead Cost Cost Driver Driver Weight of $160,000 3,200 pounds materials Number of 13,200 390 setups setups 1,380 30,000 machine hours Machine hours Machine setup Machine repair Number of Inspections inspections Requirements for Job #971 which manufactured 4 units of product: 10,560 160 inspections Direct labor 20 hours Direct materials 130 pounds...
Wings Co. budgeted $556,000 manufacturing direct wages, 2,500 direct labor hours, and had the following manufacturing...
Wings Co. budgeted $556,000 manufacturing direct wages, 2,500 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Budgeted Overhead Cost $198,000 14,888 1,800 10,200 Budgeted Level for Cost Driver 3,300 pounds 400 setups 30,000 machine hours 17e inspections Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor Direct materials Machine setup Machine hours...
Wings Co. budgeted $567,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing...
Wings Co. budgeted $567,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Budgeted Overhead Cost Budgeted Level for Cost Driver Overhead Cost Driver Materials handling $ 132,000 4,400 pounds Weight of materials Machine setup 15,300 510 setups Number of setups Machine repair 1,920 32,000 machine hours Machine hours Inspections 11,200 280 inspections Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor 20 hours Direct materials 250...
Wings Co. budgeted $562,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing...
Wings Co. budgeted $562,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Budgeted Overhead Cost Budgeted Level for Cost Driver Overhead Cost Driver Materials handling $ 156,000 3,900 pounds Weight of materials Machine setup 18,400 460 setups Number of setups Machine repair 1,220 30,500 machine hours Machine hours Inspections 11,500 230 inspections Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor 20 hours Direct materials 200...
Wings Co. budgeted $562,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing...
Wings Co. budgeted $562,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Budgeted Overhead Cost $156,000 18,400 1,220 11,500 Budgeted Level for Cost Driver 3,900 pounds 460 setups 30,500 machine hours 230 inspections Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor Direct materials Machine setup Machine hours...
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget...
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $444,000 payroll for 5,000 direct labor-hours. Listed below is cost driver information used in the product-costing system: Overhead Cost Pool Machine setups Materials handling Quality control Other overhead cost Total overhead Budgeted Overhead $ 171,250 105,000 300,000 175,000 $ 751, 250 Cost Driver # of setups # of barrels # of inspections # of machine hours Estimated Cost Driver Level...
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget...
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $612,000 payroll for 7,400 direct labor-hours. Listed below is cost driver information used in the product-costing system: Overhead Cost Pool Budgeted Overhead Cost Driver Estimated Cost Driver Level Machine setups $ 1,289,450 # of setups 270 setups Materials handling 113,400 # of barrels 9,450 barrels Quality control 1,014,000 # of inspections 2,600 inspections Other overhead cost 819,000 # of machine...
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget...
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $432,000 payroll for 4,800 direct labor-hours. Listed below is cost driver information used in the product-costing system: Overhead Cost Pool Budgeted Overhead Cost Driver Estimated Cost Driver Level Machine setups $ 120,000 # of setups 120 setups Materials handling 104,400 # of barrels 8,700 barrels Quality control 264,000 # of inspections 1,100 inspections Other overhead cost 144,000 # of machine...
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget...
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $492,000 payroll for 5,400 d in the product-costing system Budgeted Overhead Cost Pool Machine setups Materials handling Quality control Other overhead cost Overhead Cost Driver $ 464,950 107,400 #of setups # of barrels Estimated Cost Driver Level 170 setups 8,950 barrels 464,e00 #of inspections 1,600 inspections 14,500 machine hours 319,0ee #of machine hours Total overhead $1,355,350 A current product order...
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget...
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $576,000 payroll for 7,200 direct labor-hours. Listed below is cost driver information used in the product-costing system: Overhead Cost Pool Budgeted Overhead Cost Driver Estimated Cost Driver Level Machine setups $ 240,000 # of setups 240 setups Materials handling 111,600 # of barrels 9,300 barrels Quality control 828,000 # of inspections 2,300 inspections Other overhead cost 648,000 # of machine...
Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Budgeted Budgeted Level for Overhead Cost Overhead Cost Cost Driver Driver Weight of $160,000 3,200 pounds materials Number of 13,200 390 setups setups 1,380 30,000 machine hours Machine hours Machine setup Machine repair Number of Inspections inspections Requirements for Job #971 which manufactured 4 units of product: 10,560 160 inspections Direct labor 20 hours Direct materials 130 pounds...
Wings Co. budgeted $556,000 manufacturing direct wages, 2,500 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Budgeted Overhead Cost $198,000 14,888 1,800 10,200 Budgeted Level for Cost Driver 3,300 pounds 400 setups 30,000 machine hours 17e inspections Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor Direct materials Machine setup Machine hours...
Wings Co. budgeted $562,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Budgeted Overhead Cost $156,000 18,400 1,220 11,500 Budgeted Level for Cost Driver 3,900 pounds 460 setups 30,500 machine hours 230 inspections Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor Direct materials Machine setup Machine hours...
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $444,000 payroll for 5,000 direct labor-hours. Listed below is cost driver information used in the product-costing system: Overhead Cost Pool Machine setups Materials handling Quality control Other overhead cost Total overhead Budgeted Overhead $ 171,250 105,000 300,000 175,000 $ 751, 250 Cost Driver # of setups # of barrels # of inspections # of machine hours Estimated Cost Driver Level...
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $492,000 payroll for 5,400 d in the product-costing system Budgeted Overhead Cost Pool Machine setups Materials handling Quality control Other overhead cost Overhead Cost Driver $ 464,950 107,400 #of setups # of barrels Estimated Cost Driver Level 170 setups 8,950 barrels 464,e00 #of inspections 1,600 inspections 14,500 machine hours 319,0ee #of machine hours Total overhead $1,355,350 A current product order...
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