An “Ordering and Receiving Materials” cost pool would most likely have as a cost driver: a....
An “Ordering and Receiving Materials” cost pool would most
likely have as a cost driver:
a. number of setups.
b. machine hours.
c. number of inspection tests.
d. number of purchase orders.
Homework Answers
| Option D is the answer | |
|
The number of purchase orders is the cost driver for ordering and receiving materials cost pool. Comment if you face any issues Thank you |
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An “Ordering and Receiving Materials” cost pool would most
likely have as a cost driver:
a....
what is the overhead application rate for ordering and receiving? Current Attempt in Progress Tidwell Industries...
what is the overhead application rate for ordering and
receiving?
Current Attempt in Progress Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Est. Overhead $ 65000 Activity Cost Pool Cost Driver Ordering and Receiving Orders Machine Setup Setups Machining Machine hours Assembly Parts Inspection Inspections 247500 1362500 1090000 245000 Cost Driver Activity 500 orders 450 setups 125000 MH 1000000 parts 500 inspections If overhead is applied using activity-based...
which of the following would likely be the most appropriate cost of driver of electric power...
which of the following would likely be the most appropriate cost of driver of electric power used by machines? a) Number of production runs b) Machine size c) Purchase cost of machines d) Number of machine hours
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at...
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 65000 500 orders Machine Setup Setups 247500 450 setups Machining Machine hours 1362500 125000 MH Assembly Parts 1090000 1000000 parts Inspection Inspections 245000 500 inspections If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is a. $8. b. $30....
28. Which of the following is least likely to express an appropriate cost driver for the...
28. Which of the following is least likely to express an appropriate cost driver for the activities listed? A. Cost/Activity: Personnel processing - Cost Driver: Number of employees hired or terminated. B. Cost/Activity: Quality inspection - Cost Driver: Number of units inspected. C. Cost/Activity: Materials handling - Cost Driver: Number of purchase orders. D. Cost/Activity: Equipment amortization - Cost Driver: Number of products produced or hours of use
x Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated...
x Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 120,000 500 orders Machine Setup Setups 297,000 450 setups Machining Machine hours 1,500,000 125,000 MH Assembly Parts 1,200,000 1,000,000 parts Inspection Inspections 300,000 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is Selected Answer: A....
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at...
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 95000 500 orders Machine Setup Setups 274500 450 setups Machining Machine hours 1437500 125000 MH Assembly Parts 1150000 1000000 parts Inspection Inspections 275000 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is $0.10 per part. $6464 per...
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at...
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 135000 500 orders Machine Setup Setups 310500 450 setups Machining Machine hours 1550000 125000 MH Assembly Parts 1230000 1000000 parts Inspection Inspections 315000 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is $7081 per order. $0.14 per...
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at...
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 110000 500 orders Machine Setup Setups 288000 450 setups Machining Machine hours 1475000 125000 MH Assembly Parts 1180000 1000000 parts Inspection Inspections 290000 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is $220 per order. $6686 per...
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...
Current Attempt in Progress Tidwell Industries has the following overhead costs and cost drivers. Direct labor...
Current Attempt in Progress Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Cost Driver Orders Est. Overhead $ 150000 Cost Driver Activity 500 orders Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection 324000 1587500 Setups Machine hours Parts Inspections 450 setups 125000 MH 1000000 parts 500 inspections 1260000 330000 If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is...
what is the overhead application rate for ordering and
receiving?
Current Attempt in Progress Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Est. Overhead $ 65000 Activity Cost Pool Cost Driver Ordering and Receiving Orders Machine Setup Setups Machining Machine hours Assembly Parts Inspection Inspections 247500 1362500 1090000 245000 Cost Driver Activity 500 orders 450 setups 125000 MH 1000000 parts 500 inspections If overhead is applied using activity-based...
28. Which of the following is least likely to express an appropriate cost driver for the activities listed? A. Cost/Activity: Personnel processing - Cost Driver: Number of employees hired or terminated. B. Cost/Activity: Quality inspection - Cost Driver: Number of units inspected. C. Cost/Activity: Materials handling - Cost Driver: Number of purchase orders. D. Cost/Activity: Equipment amortization - Cost Driver: Number of products produced or hours of use
x Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 120,000 500 orders Machine Setup Setups 297,000 450 setups Machining Machine hours 1,500,000 125,000 MH Assembly Parts 1,200,000 1,000,000 parts Inspection Inspections 300,000 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is Selected Answer: A....
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...
Current Attempt in Progress Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Cost Driver Orders Est. Overhead $ 150000 Cost Driver Activity 500 orders Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection 324000 1587500 Setups Machine hours Parts Inspections 450 setups 125000 MH 1000000 parts 500 inspections 1260000 330000 If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is...
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