Homework Answers
| Activity rate | product A | product B | |
|---|---|---|---|
| Pool 1 | 2 per DL | 8,000 | 12,000 |
| Pool 2 | 300 per setup | 6,000 | 9,000 |
| Pool 3 | 50 per hour | 2500 | 7500 |
| Total | 16,500 | 28,500 |
Add Answer to:
You have an ABC system with three pools total cost in the pool pool 1 $20,000...
Question 2: Allocating costs using ABC You have an ABC system with three pools number of...
Question 2: Allocating costs using ABC You have an ABC system with three pools number of cost driver units total pool 1 total cost in the pool $80,000 $60,000 $40,000 product A 4,000 DL$ 20 setups 50 hours product B 6,000 DL$ 30 setups 150 hours pool 2 10,000 DL$ 50 setups 200 hours pool 3 Compute the activity rates and the allocated costs for products A and B. allocated costs for activity rate allocated costs for product A product...
Question 2: Allocating costs using ABC You have an ABC system with three pools number of...
Question 2: Allocating costs using ABC You have an ABC system with three pools number of cost driver units total cost in the pool product B product A total рool 1 рool 2 рool 3 $80,000 4,000 DL$ 6,000 DL$ 10,000 DL$ $60,000 20 setups 30 setups 50 setups 150 hours 200 hours $40,000 50 hours Compute the activity rates and the allocated costs for products A and B. allocated costs for allocated costs for activity rate product A product...
Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable...
Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Activity Cost Pools Machining Designing costs Setup costs Total cost of Pool Cost Driver $454,960 Number of machine hours 100,000 Number of design hours 72,720 Number of batches Estimated Cost Driver 96,800 10,000 505 E4-4 (Algo) Assigning Costs Using Activity Rates (LO 4-4) Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Number of machine...
Required Information Gable Company uses three activity cost pools. Each pool has a cost driver. Information...
Required Information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool Cost Driver $312,eee Number of machine hours 73,6ee Number of design hours 71,600 Number of batches Estimated Cost Driver Be, evo 8, eae 500 Re 1. red: mpute the activity rate for each activity. 1551fy each activity as facility, product, batch, or unit level. complete this question by...
Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information...
Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool Cost Driver $183,300 Number of machine hours 47,725 Number of design hours 71,150 Number of batches Estimated Cost Driver 61,100 5,750 500 Required: 1. Compute the activity rate for each activity. 2. Classify each activity as facility, product, batch, or unit level. Complete this question by entering your...
Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information...
Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Part 2 of 2 136 points Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool Cost Driver $312,000 Number of machine hours 73,600 Number of design hours 71,600 Number of batches Estimated Cost Driver 80,000 8.000 500 Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Number of machine hours...
P5-4A. Stage Two ABC for Manufacturing Merlot Company has determined its activity cost pools and cost...
P5-4A. Stage
Two ABC for Manufacturing Merlot Company has determined
its activity cost pools and cost drivers to be the following:
Cost
Pools
Setup……………………………………………………………………………………………………………………$59,500
Materials
handling……………………………………………………………………………………………….$16,000
Machine
operation……………………………………………………………………………………………….$300,000
Packing…………………………………………………………………………………………………………………$60,000
Total indirect
Manufacturing costs………………………………………………………………………..$435,500
Cost
drivers
Setups……………………………………………………………………………………………………………………..$350
Materials
moves………………………………………………………………………………………………………$640
Machine
hours…………………………………………………………………………………………………………$20,000
Packing
orders…………………………………………………………………………………………………………$1,000
One product made by
Merlot, metal casements, used the following activities during the
period to produce 500 unit:
Setups……………………………………………………………………………………………………………………..20
Materials
moves……………………………………………………………………………………………………….80
Machine
hours…………………………………………………………………………………………………………1,900
Packing
orders………………………………………………………………………………………………………….150
Required
Calculate the cost per unit of activity for each activity cost
pool...
Two-Stage ABC for Manufacturing Meridian Company has determined its activity cost pools and cost drivers to...
Two-Stage ABC for Manufacturing Meridian Company has determined its activity cost pools and cost drivers to be the following: Cost pools Setup $63.000 Material handling 25,600 Machine operation 220,000 Packing 90.000 Total indirect manufacturing costs $398,600 Cost drivers Setups 350 Material moves 640 Machine hours 20,000 Packing orders 1.200 One product made by Meridian, metal casements, used the following activities during the period to produce 500 units: Setups 20 Material moves Machine hours 1,900 Packing orders 150 (a) Calculate the...
Two-Stage ABC for Manufacturing Merlot Company has determined its activity cost pools and cost drivers to...
Two-Stage ABC for Manufacturing Merlot Company has determined its activity cost pools and cost drivers to be the following: Cost Pools Setup Material handling Machine operation packing Total indirect manufacturing costs $112,000 25,600 480,000 60,000 $677,600 Cost drivers Setups Material moves Machine hours Packing orders 350 640 20,000 1,200 One product made by Merlot, metal casements, used the following activities during the period to produce 500 units: Setups Material moves 80 Machine hours 1,900 Packing orders 150 20 a. Calculate...
Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information...
Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool Cost Driver $280, 460 Number of machine hours 67,500 Number of design hours 70,070 Number of batches Estimated Cost Driver 75,800 7,500 490 Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Number of machine hours Number of design hours Number...
Question 2: Allocating costs using ABC You have an ABC system with three pools number of cost driver units total pool 1 total cost in the pool $80,000 $60,000 $40,000 product A 4,000 DL$ 20 setups 50 hours product B 6,000 DL$ 30 setups 150 hours pool 2 10,000 DL$ 50 setups 200 hours pool 3 Compute the activity rates and the allocated costs for products A and B. allocated costs for activity rate allocated costs for product A product...
Question 2: Allocating costs using ABC You have an ABC system with three pools number of cost driver units total cost in the pool product B product A total рool 1 рool 2 рool 3 $80,000 4,000 DL$ 6,000 DL$ 10,000 DL$ $60,000 20 setups 30 setups 50 setups 150 hours 200 hours $40,000 50 hours Compute the activity rates and the allocated costs for products A and B. allocated costs for allocated costs for activity rate product A product...
Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Activity Cost Pools Machining Designing costs Setup costs Total cost of Pool Cost Driver $454,960 Number of machine hours 100,000 Number of design hours 72,720 Number of batches Estimated Cost Driver 96,800 10,000 505 E4-4 (Algo) Assigning Costs Using Activity Rates (LO 4-4) Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Number of machine...
Required Information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool Cost Driver $312,eee Number of machine hours 73,6ee Number of design hours 71,600 Number of batches Estimated Cost Driver Be, evo 8, eae 500 Re 1. red: mpute the activity rate for each activity. 1551fy each activity as facility, product, batch, or unit level. complete this question by...
Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool Cost Driver $183,300 Number of machine hours 47,725 Number of design hours 71,150 Number of batches Estimated Cost Driver 61,100 5,750 500 Required: 1. Compute the activity rate for each activity. 2. Classify each activity as facility, product, batch, or unit level. Complete this question by entering your...
Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Part 2 of 2 136 points Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool Cost Driver $312,000 Number of machine hours 73,600 Number of design hours 71,600 Number of batches Estimated Cost Driver 80,000 8.000 500 Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Number of machine hours...
P5-4A. Stage
Two ABC for Manufacturing Merlot Company has determined
its activity cost pools and cost drivers to be the following:
Cost
Pools
Setup……………………………………………………………………………………………………………………$59,500
Materials
handling……………………………………………………………………………………………….$16,000
Machine
operation……………………………………………………………………………………………….$300,000
Packing…………………………………………………………………………………………………………………$60,000
Total indirect
Manufacturing costs………………………………………………………………………..$435,500
Cost
drivers
Setups……………………………………………………………………………………………………………………..$350
Materials
moves………………………………………………………………………………………………………$640
Machine
hours…………………………………………………………………………………………………………$20,000
Packing
orders…………………………………………………………………………………………………………$1,000
One product made by
Merlot, metal casements, used the following activities during the
period to produce 500 unit:
Setups……………………………………………………………………………………………………………………..20
Materials
moves……………………………………………………………………………………………………….80
Machine
hours…………………………………………………………………………………………………………1,900
Packing
orders………………………………………………………………………………………………………….150
Required
Calculate the cost per unit of activity for each activity cost
pool...
Two-Stage ABC for Manufacturing Meridian Company has determined its activity cost pools and cost drivers to be the following: Cost pools Setup $63.000 Material handling 25,600 Machine operation 220,000 Packing 90.000 Total indirect manufacturing costs $398,600 Cost drivers Setups 350 Material moves 640 Machine hours 20,000 Packing orders 1.200 One product made by Meridian, metal casements, used the following activities during the period to produce 500 units: Setups 20 Material moves Machine hours 1,900 Packing orders 150 (a) Calculate the...
Two-Stage ABC for Manufacturing Merlot Company has determined its activity cost pools and cost drivers to be the following: Cost Pools Setup Material handling Machine operation packing Total indirect manufacturing costs $112,000 25,600 480,000 60,000 $677,600 Cost drivers Setups Material moves Machine hours Packing orders 350 640 20,000 1,200 One product made by Merlot, metal casements, used the following activities during the period to produce 500 units: Setups Material moves 80 Machine hours 1,900 Packing orders 150 20 a. Calculate...
Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool Cost Driver $280, 460 Number of machine hours 67,500 Number of design hours 70,070 Number of batches Estimated Cost Driver 75,800 7,500 490 Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Number of machine hours Number of design hours Number...
Most questions answered within 3 hours.
-
3. (10 pts) You grow a corn crop that yields 150 bushels ac-1,
with the following...
asked 38 seconds from now -
7. The term Six Sigma refers to:
Select one:
a. The control limits established in a...
asked 8 minutes ago -
Wildhorse Company follows the practice of pricing its inventory
at the lower-of-cost-or-market, on an individual-item
basis....
asked 10 minutes ago -
For the following reaction: A(g) + 2 B(g) ⇌ 2 C(g) Calculate the
equilibrium constant K...
asked 11 minutes ago -
Which of the following best describes tidal volume? options:
1.The amount of oxygen in the air...
asked 27 minutes ago -
1. Smaller cost distortions occur when the traditional systems'
single indirect-cost rate and the activity-cost-driver rates:...
asked 35 minutes ago -
Using either a FMECA approach or some other appropriate RCA
tool, identify five risk treatment actions...
asked 35 minutes ago -
If for a test the P-value is between 0.0025 and 0.005, what
conclusion can you draw?...
asked 48 minutes ago -
Using Python. Write a function clean2(aList) that takes a list
of integers aList as argument, and...
asked 53 minutes ago -
Intrapreneurship is defined as the
development of an enterprise culture with an existing (Nandan,
2009). An...
asked 1 hour ago -
QUESTION 1 Tamiflu is a drug used to treat influenza. A study
found that Tamiflu reduced...
asked 1 hour ago -
Which of the following would be less likely to be used to
allocate factory overhead when...
asked 1 hour ago