Homework Answers
|
Activity Cost Pools |
Estimated Overhead |
Estimated Use of Cost Drivers per Activity |
Cost as per ABC | Note | |
| Ordering and Receiving | 84000 | 12000 | Orders | 7 | =84000/12000 |
| Food Processing | 480000 | 60000 | Machine hours | 8 | =480000/60000 |
| Packaging | 1760000 | 440000 | Labor hours | 4 | =1760000/440000 |
| 7 per Order |
| 8 per machine hours |
| 4 per Labor hours |
| For 2020 | ||
|
Activity Cost Pools |
Estimated Overhead |
Estimated Use of Cost Drivers per Activity |
| Orders | 110000 | 770000 |
| Machine hours | 50000 | 400000 |
| Labor hours | 500000 | 2000000 |
| Total Overhead | 3170000 |
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BE4.7 (LO 2), AP Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The...
Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each...
Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2020. Activity Cost Pools Estimated Overhead Estimated Use of Cost Drivers per Activity Ordering and receiving $95,990 14,500 orders Food processing 508,400 62,000 machine hours Packaging 1,409,370 431,000 labor hours For 2020, the company had 10,700 orders and used 49,400 machine hours, and labor hours totaled 500,000. (a) Calculate the overhead rates for...
Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each...
Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2020. Activity Cost Pools Ordering and receiving Food processing Packaging Estimated Overhead $73,800 420,750 1,365,000 Estimated Use of Cost Drivers per Activity 12,000 orders 55,000 machine hours 420,000 labor hours For 2020, the company had 10,000 orders and used 48,000 machine hours, and labor hours totaled 490,000. Calculate the overhead rates for each...
CALCULATOR Question 3 Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted...
CALCULATOR Question 3 Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2020 Estimated Estimated Use of Activity Cost Pools Overhead Cost Drivers per Activity Ordering and receiving $93,125 12,500 orders Food processing 515,370 61,500 machine hours Packaging 1,649,200 434,000 labor hours For 2020, the company had 10,300 orders and used 50,400 machine hours, and labor hours totaled 498,000 Calculate the overhead...
Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each...
Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2017. Activity Cost Pools Estimated Overhead Estimated Use of Cost Drivers per Activity Ordering and receiving $101,568 13,800 orders Food processing 483,125 62,500 machine hours Packaging 1,783,500 435,000 labor hours For 2017, the company had 11,000 orders and used 50,000 machine hours, and labor hours totaled 502,000. (a) Calculate the overhead rates for...
Brief Exercise 4-7 Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The bu...
Brief Exercise 4-7
Spud, Inc. a manufacturer of gourmet potato chips, employs
activity-based costing. The budgeted data for each of the activity
cost pools is provided below for the year 2020.
Activity Cost Pools
Estimated
Overhead
Estimated Use of
Cost Drivers per Activity
Ordering and receiving
$101,568
13,800
orders
Food processing
483,125
62,500
machine hours
Packaging
1,783,500
435,000
labor hours
For 2020, the company had 11,000 orders and used 50,000 machine
hours, and labor hours totaled 502,000.
Calculate the overhead...
Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each...
Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2020. Activity Cost Pools Estimated Overhead Estimated Use of Cost Drivers per Activity Ordering and receiving $93,572 14,900 orders Food processing 522,660 62,000 machine hours Packaging 1,927,200 440,000 labor hours For 2020, the company had 10,200 orders and used 51,000 machine hours, and labor hours totaled 509,000. Correct answer. Your answer is correct....
Brief Exercise 4-7 Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted...
Brief Exercise 4-7 Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pocis is provided below for the year 2020. Estimated Estimated Use of Activity Cost Pools Overhead Cost Drivers per Activity Ordering and receiving $117,750 15,700 orders Food processing 425,150 55,000 machine hours Packaging 1,944,560 436,000 labor hours For 2020, the company had 11,300 orders and used 49,700 machine hours, and labor hours totaled 491,000. Calculate the overhead...
Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each...
Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2017 Estimated Overhead Expected Use of Cost Drivers per Activity Activity Cost Pools Ordering and receiving Food processing Packaging $73,800 420,750 12,000 orders 55,000 machine hours 1,365,000 420,000 labor hours For 2017, the company had 10,000 orders and used 48,000 machine hours, and labor hours totaled 490,000 Calculate the overhead rates for cach...
Brief Exercise 4-7 Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted...
Brief Exercise 4-7 Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2020. Estimated Overhead Estimated Use of Cost Drivers per Activity Activity Cost Pools Ordering and receiving Food processing Packaging $90,519 496,570 1,814,670 14,300 orders 63,500 machine hours 423,000 labor hours For 2020, the company had 11,300 orders and used 52,000 machine hours, and labor hours totaled 507,000. Your answer is...
JS Wevoandt, Managerial Accounting, se Help Question 3 Spud, Inc. a manufacturer of gourmet potato chips,...
JS Wevoandt, Managerial Accounting, se Help Question 3 Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2020. Activity Cost Pools Ordering and receiving Food processing Packaging Estimated Estimated Use of Overhead Cost Drivers per Activity $93,125 12,500 orders 515,370 61,500 machine hours 1,649,200 434,000 labor hours For 2020, the company had 10,300 orders and used 50,400 machine hours, and labor hours...
Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2020. Activity Cost Pools Ordering and receiving Food processing Packaging Estimated Overhead $73,800 420,750 1,365,000 Estimated Use of Cost Drivers per Activity 12,000 orders 55,000 machine hours 420,000 labor hours For 2020, the company had 10,000 orders and used 48,000 machine hours, and labor hours totaled 490,000. Calculate the overhead rates for each...
CALCULATOR Question 3 Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2020 Estimated Estimated Use of Activity Cost Pools Overhead Cost Drivers per Activity Ordering and receiving $93,125 12,500 orders Food processing 515,370 61,500 machine hours Packaging 1,649,200 434,000 labor hours For 2020, the company had 10,300 orders and used 50,400 machine hours, and labor hours totaled 498,000 Calculate the overhead...
Brief Exercise 4-7
Spud, Inc. a manufacturer of gourmet potato chips, employs
activity-based costing. The budgeted data for each of the activity
cost pools is provided below for the year 2020.
Activity Cost Pools
Estimated
Overhead
Estimated Use of
Cost Drivers per Activity
Ordering and receiving
$101,568
13,800
orders
Food processing
483,125
62,500
machine hours
Packaging
1,783,500
435,000
labor hours
For 2020, the company had 11,000 orders and used 50,000 machine
hours, and labor hours totaled 502,000.
Calculate the overhead...
Brief Exercise 4-7 Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pocis is provided below for the year 2020. Estimated Estimated Use of Activity Cost Pools Overhead Cost Drivers per Activity Ordering and receiving $117,750 15,700 orders Food processing 425,150 55,000 machine hours Packaging 1,944,560 436,000 labor hours For 2020, the company had 11,300 orders and used 49,700 machine hours, and labor hours totaled 491,000. Calculate the overhead...
Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2017 Estimated Overhead Expected Use of Cost Drivers per Activity Activity Cost Pools Ordering and receiving Food processing Packaging $73,800 420,750 12,000 orders 55,000 machine hours 1,365,000 420,000 labor hours For 2017, the company had 10,000 orders and used 48,000 machine hours, and labor hours totaled 490,000 Calculate the overhead rates for cach...
Brief Exercise 4-7 Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2020. Estimated Overhead Estimated Use of Cost Drivers per Activity Activity Cost Pools Ordering and receiving Food processing Packaging $90,519 496,570 1,814,670 14,300 orders 63,500 machine hours 423,000 labor hours For 2020, the company had 11,300 orders and used 52,000 machine hours, and labor hours totaled 507,000. Your answer is...
JS Wevoandt, Managerial Accounting, se Help Question 3 Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2020. Activity Cost Pools Ordering and receiving Food processing Packaging Estimated Estimated Use of Overhead Cost Drivers per Activity $93,125 12,500 orders 515,370 61,500 machine hours 1,649,200 434,000 labor hours For 2020, the company had 10,300 orders and used 50,400 machine hours, and labor hours...
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