Question

St. Vincents, Inc., currently uses traditional costing procedures, applying $1,005,000 of overhead to products Beta and Zeta
Help Save The overhead cost allocated to Beta by using traditional costing procedures would be: Multiple Choice Ο $418,750. Ο
0 0
Add a comment Improve this question Transcribed image text
Answer #1

The answer has been presented in the supporting sheet. All the parts has been solved with detailed explanation and format. For detailed answer refer to the supporting sheet.

Answer 2 The correct answer is $ 418750 4 In the given question we have to caluclate the overhead cost allocatedt beta under

Add a comment
Know the answer?
Add Answer to:
St. Vincent's, Inc., currently uses traditional costing procedures, applying $1,005,000 of overhead to products Beta and...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • St. Vincent's, Inc., currently uses traditional costing procedures, applying $995,300 of overhead to products Beta and...

    St. Vincent's, Inc., currently uses traditional costing procedures, applying $995,300 of overhead to products Beta and Zeta on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH), production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow Pool No.1 (Driver: DLH) 1,800 3,250 Pool No. 2 (Driver: SU)...

  • St. Vincent's, Inc., currently uses traditional costing procedures, applying $1162.400 of overhead to products Beta and...

    St. Vincent's, Inc., currently uses traditional costing procedures, applying $1162.400 of overhead to products Beta and Zeta on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH). production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow. Pool No.1 (Driver: DLH) 1,700 3,500 Pool No. 2 (Driver: SU)...

  • St. Vincent's, Inc., currently uses traditional costing procedures, applying $162.400 of overhead to products Beta and...

    St. Vincent's, Inc., currently uses traditional costing procedures, applying $162.400 of overhead to products Beta and Zeta on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow Pool No. 2 (Driver: Pool No. 3 (Driver: Pool No.1 (Driver:...

  • St. Vincent’s, Inc., currently uses traditional costing procedures, applying $800,000 of overhead to products Beta and...

    St. Vincent’s, Inc., currently uses traditional costing procedures, applying $800,000 of overhead to products Beta and Zeta on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH), production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow. Product Pool No.1 (Driver: DLH) Pool No. 2 (Driver: SU) Pool...

  • also, Calculate the overhead rates using the traditional approach. Overhead Rates using the traditional approach is....

    also, Calculate the overhead rates using the traditional approach. Overhead Rates using the traditional approach is. ______$___________ per direct labor hour What amount of overhead would be allocated to the wool and cotton product lines using the traditional approach, assuming direct labor hours were incurred evenly between the wool and cotton?                                                 Overhead Allocated.   for Wool Product Line is =____$_____ Overhead Allocated. for Cotton Product Line is =____$______ EcoFabrics has budgeted overhead costs of $1,105,650. It has allocated overhead on...

  • no need for details, just the final answer COVID 19 Company produces hand tools. Budgeted sales...

    no need for details, just the final answer COVID 19 Company produces hand tools. Budgeted sales for March are 10,300 units. Beginning finished goods inventory in March is budgeted to be 2200 units, and ending finished goods inventory is budgeted to be 1800 units. How many units will be produced in March? Select one: a. 14,300 b. 10,700 C. 10.300 o d. 9900 Kawards & Layyers Inc. produces leather handbags. The production budget for the next four months is: July...

  • Calculate the overhead rate using activity based costing. (Round answers to 2 decimal places, e.g. 12.25.)...

    Calculate the overhead rate using activity based costing. (Round answers to 2 decimal places, e.g. 12.25.) Overhead rates for activity-based costing Cutting $ per machine hour Design $ per setup Determine the amount of overhead allocated to the wool product line and the cotton product line using activity-based costing. Wool product line         Cotton product line Overhead Allocated    $ $ Calculate the overhead rate using traditional approach. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rates using the...

  • Assign overhead using traditional costing and ABC Saddle Inc. has two types of handbags: standard and...

    Assign overhead using traditional costing and ABC Saddle Inc. has two types of handbags: standard and custom. The controller has overhead rate based on direct labor costs. The president has heard of activity-based o machining the results would differ if this system was used. Two activity cost pools were developed setup. Presented below is information related to the company's operations. decided to use a plantwide s to see how Direct labor costs Machine hours Setup hours Standard Custom $50,000 $100,000...

  • EcoFabrics has budgeted overhead costs of $1,039,500. It has allocated overhead on a plantwide basis cotton)...

    EcoFabrics has budgeted overhead costs of $1,039,500. It has allocated overhead on a plantwide basis cotton) using direct labor hours which are estimated to be 495,000 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting (cost driver is machine hours) and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $396,000 and...

  • EcoFabrics has budgeted overhead costs of $1,115,100. It has allocated overhead on a plantwide basis to...

    EcoFabrics has budgeted overhead costs of $1,115,100. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 531,000 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting (cost driver is machine hours) and design (cost driver is number of setups). Overhead allocated to the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT