Homework Answers
| answer | ||||||
| overhead rates for each activity | ||||||
| machine setups | 72 | per setup | ||||
| machining | 17 | per machine hour | ||||
| inspections | 47 | per inspection | ||||
| computation of over head rate for each activity | ||||||
| overhead rate = estimated overhead cost/estimated level of cost driver activity | ||||||
| machine setups | machining | inspections | ||||
| =201600/2800 | =413100/24300 | =84600/1800 | ||||
| 72 | 17 | 47 | ||||
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Brief Exercise 4-5 $84,600, respectively. The cost driver for each activity and the estimated annual usage...
Brief Exercise 4-5 $84,600, respectively. The cost driver for each activity and the estimated annual usage...
Brief Exercise 4-5 $84,600, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,800, machine hours 24,300, and number of inspections 1,800. Compute the overhead rate for each activity. Machine setupss Machining N8.sns Company identifestre ecthitr s oh asc manufe uring erocess: mactine sectuos, muchbnino, and inspections Ei bd anal veaheand olst for sc etivty 103016005413,100, and per setup per machine hour per inspection inspections Click if you would like to Show Work...
Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual...
Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $201,600, $413,100, and $84,600, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,800, machine hours 24,300, and number of inspections 1,800. Compute the overhead rate for each activity. Machine setups $ per setup Machining $ per machine hour Inspections $ per inspection
Exercise 4-9 a-b (Video) Air United, I $84,620 were estimated. An analysis of estimated overhead costs...
Exercise 4-9 a-b (Video) Air United, I $84,620 were estimated. An analysis of estimated overhead costs reveals the following activities Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and 200 pressure pauges were produced, and overhead costs of Activities Cost Drivers Total Cost . Materials handling 2. Machine setups 3. Quality inspections Number of requisitions Number of setups Number of inspections $32,640 29,100 22,880 $84,620 The cost driver volume for each product...
C Activity Rates and Product Costs using Activity-Based Costing Lonsdale Inc. manufactures entry and dining room...
C Activity Rates and Product Costs using Activity-Based Costing Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Budgeted Activity Activity Cost Activity Base Casting $258,440 Machine hours Assembly 158,620 Direct labor hours Inspecting 25,850 Number of inspections Setup 33,120 Number of setups Materials handing 46,060 Number of loads Corporate records were obtained to estimate the amount of...
Question 2 Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum...
Question 2 Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pool Ordering and Receiving Machine Setup Cost Driver Orders Setups Machine hours Parts Inspections Estimated Overhead $130,000 297,000 1,000,000 1,600,000 300,000 Cost Drivers by Product Budget Deluxe 600 400 500 400 150,000 100,000 1,200,000 800,000 550 450 Machining Assembly Inspection Compute the overhead cost per unit for each product. Production is 700,000 units...
Southwest Components recently switched to activity-based costing from the department allocation method. The Fabrication Department manager...
Southwest Components recently switched to activity-based costing from the department allocation method. The Fabrication Department manager has estimated the following cost drivers and rates: Activity Centers Cost Drivers Rate per Cost Driver Unit Materials handling Pounds of material handled $ 17 per pound Quality inspections Number of inspections $ 210 per inspection Machine setups Number of machine setups $ 2,500 per setup Running machines Number of machine-hours $ 22.00 per hour Direct materials costs were $282,000 and direct labor costs...
Activity Activity Rate Casting $ 29 X per machine hour Assembly $ 15 → per direct...
Activity Activity Rate Casting $ 29 X per machine hour Assembly $ 15 → per direct labor hour Inspecting $ 12 ✓ per inspection Setup $ 146 ✓ per setup Materials handling $ 50 per load b. Use the activity rates in (a) to determine the total and per-unit activity costs associated with each product. Round the per unit amounts to the nearest cent. Product Total Activity Cost Activity Cost Per Unit Entry Lighting Fixtures Dining Room Lighting Fixtures $...
The following table shows the manufacturing cost of each unit is calculated, using activity-based costing, for...
The following table shows the manufacturing cost of each unit is calculated, using activity-based costing, for these manufacturing cost pools. Cost Pools Materials handling Manufacturing supervision Assembly Machine setup Inspection and testing Packaging Allocation Base Number of parts Hours of machine time Number of parts Each setup Logged hours Logged hours Costing Rate $ 3.00 per part $22.80 per hour $ 4.95 per part $46.60 per setup $35.00 per hour $25.00 per hour BSI currently sells the A-10 model for...
Section 4: Ortiz Manufacturing has five activity cost pools and two products (a budget tape vacuum...
Section 4: Ortiz Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Cost Drivers by Product Activity Cost Pool Cost Driver Est. Overhead Budget Deluxe Ordering and Receiving Orders $ 130,000 600 Machine Setup Setups 297,000 500 400 Machining Machine hours 1,000,000 150,000 100,000 Assembly Parts 1,600,000 1,200,000 800,000 Inspection Inspections 300,000 550 450 400 Instructions Compute the overhead cost per unit for each product Production is...
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...
Brief Exercise 4-5 $84,600, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,800, machine hours 24,300, and number of inspections 1,800. Compute the overhead rate for each activity. Machine setupss Machining N8.sns Company identifestre ecthitr s oh asc manufe uring erocess: mactine sectuos, muchbnino, and inspections Ei bd anal veaheand olst for sc etivty 103016005413,100, and per setup per machine hour per inspection inspections Click if you would like to Show Work...
Exercise 4-9 a-b (Video) Air United, I $84,620 were estimated. An analysis of estimated overhead costs reveals the following activities Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and 200 pressure pauges were produced, and overhead costs of Activities Cost Drivers Total Cost . Materials handling 2. Machine setups 3. Quality inspections Number of requisitions Number of setups Number of inspections $32,640 29,100 22,880 $84,620 The cost driver volume for each product...
C Activity Rates and Product Costs using Activity-Based Costing Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Budgeted Activity Activity Cost Activity Base Casting $258,440 Machine hours Assembly 158,620 Direct labor hours Inspecting 25,850 Number of inspections Setup 33,120 Number of setups Materials handing 46,060 Number of loads Corporate records were obtained to estimate the amount of...
Question 2 Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pool Ordering and Receiving Machine Setup Cost Driver Orders Setups Machine hours Parts Inspections Estimated Overhead $130,000 297,000 1,000,000 1,600,000 300,000 Cost Drivers by Product Budget Deluxe 600 400 500 400 150,000 100,000 1,200,000 800,000 550 450 Machining Assembly Inspection Compute the overhead cost per unit for each product. Production is 700,000 units...
Activity Activity Rate Casting $ 29 X per machine hour Assembly $ 15 → per direct labor hour Inspecting $ 12 ✓ per inspection Setup $ 146 ✓ per setup Materials handling $ 50 per load b. Use the activity rates in (a) to determine the total and per-unit activity costs associated with each product. Round the per unit amounts to the nearest cent. Product Total Activity Cost Activity Cost Per Unit Entry Lighting Fixtures Dining Room Lighting Fixtures $...
The following table shows the manufacturing cost of each unit is calculated, using activity-based costing, for these manufacturing cost pools. Cost Pools Materials handling Manufacturing supervision Assembly Machine setup Inspection and testing Packaging Allocation Base Number of parts Hours of machine time Number of parts Each setup Logged hours Logged hours Costing Rate $ 3.00 per part $22.80 per hour $ 4.95 per part $46.60 per setup $35.00 per hour $25.00 per hour BSI currently sells the A-10 model for...
Section 4: Ortiz Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Cost Drivers by Product Activity Cost Pool Cost Driver Est. Overhead Budget Deluxe Ordering and Receiving Orders $ 130,000 600 Machine Setup Setups 297,000 500 400 Machining Machine hours 1,000,000 150,000 100,000 Assembly Parts 1,600,000 1,200,000 800,000 Inspection Inspections 300,000 550 450 400 Instructions Compute the overhead cost per unit for each product Production is...
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...
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