Homework Answers
Solution
| Activity rate | ||
| Machining | $ 28.80 | Per Machine hour |
| Setup | $ 200.25 | Per batch |
| Quality control | $ 142.00 | Per inspection |
Working
| Calculation of Activity rates | |||||
| Activity Cost Pool | Activity driver | Overhead Cost (A) | Expected Activity (B) | Activity rate (A/B) | |
| Machining | Number of Machine hour | $ 417,600 | 14500 | $ 28.80 | Per Machine hour |
| Setup | Number of batch | $ 76,095 | 380 | $ 200.25 | Per batch |
| Quality control | Number of inspection | $ 117,860 | 830 | $ 142.00 | Per inspection |
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Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses...
Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses...
Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost Pools Machining Setup Quality control Estimated Total Cost $679,400 105,950 164,900 Estimated Cost Driver 21,500 machine hours 520 batches 970 inspections M4-10 (Algo) Calculating Activity Rates for ABC System (LO 4-4) Compute the activity rates for each of the following activity cost pools: (Round your answers to 2 decimal places.) Machining Setup Costs Quality Control per...
Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses...
Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost Pools Machining Estimated Total Cost $581,400 95, 175 147,200 Setup Estimated Cost Driver 19,000 machine hours 470 batches 920 inspections Quality control M4-12 (Algo) Assigning Costs Using Activity Proportions [LO 4-5) Suppose the Luxury boat requires 7,030 machine hours, 230 inspections, and 94 batches. Using activity proportions, determine the amount of overhead assigned to the Luxury...
Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product...
Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost Pools Estimated Total Cost Estimated Cost Driver Machining $ 318,000 13,800 machine hours Setup 65,000 450 batches Quality control 96,000 790 inspections Suppose the Luxury boat requires 3,850 machine hours, 115 inspections, and 65 batches. Using activity proportions, determine the amount of overhead assigned to the Luxury product line. (Round your intermediate calculations to the nearest whole percentage and your final...
Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product...
Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost Estimated Activity Cost Pools Total Cost Estimated Cost Driver Machining $333,000 12.800 machine hours 72,000 360 batches Quality control 88,000 850 inspections Setup Suppose the Luxury boat requires 5,250 machine hours, 155 inspections, and 59 batches. Using activity proportions, determine the amount of overhead assigned to the Luxury product line. (Round your intermediate calculations to the nearest whole percentage and your final answer...
Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product...
Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost Pools Estimated Total Cost Estimated Cost Driver Machining $ 317,000 12,500 machine hours Setup 78,000 270 batches Quality control 104,000 780 inspections Suppose the Luxury boat requires 3,950 machine hours, 215 inspections, and 67 batches. Using activity proportions, determine the amount of overhead assigned to the Luxury product line. (Round your intermediate calculations to the nearest whole percentage and your final...
Required information M4-8 and M4-9 Acoma Co. has identified one of its cost pools to be...
Required information M4-8 and M4-9 Acoma Co. has identified one of its cost pools to be quality control and has assigned $148,400 to that pool. Number of inspections has been chosen as the cost driver for this pool; Acoma performs 31,000 inspections annually. Suppose Acoma manufactures two products that consume 14,260 (Product 1) and 16,740 (Product 2) inspections each. M4-8 (Algo) Assigning Costs Using Activity Rates (LO 4-4] Using activity rates, determine the amount of quality control cost to be...
Required information M4-8 and M4-9 Acoma Co. has identified one of its cost pools to be...
Required information M4-8 and M4-9 Acoma Co. has identified one of its cost pools to be quality control and has assigned $292,400 to that pool. Number of inspections has been chosen as the cost driver for this pool; Acoma performs 31,500 inspections annually. Suppose Acoma manufactures two products that consume 15,120 (Product 1) and 16,380 (Product 2) inspections each. M4-8 (Algo) Assigning Costs Using Activity Rates (LO 4-4) Using activity rates, determine the amount of quality control cost to be...
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 E4-3, E4-4 and E4-5 Gable Company uses three activity cost pools. Each pool has...
Required information E4-3, E4-4 and E4-5 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 $345, 220 Number of machine hours 79,900 Number of design hours 70,983 Number of batches Estimated Cost Driver 84,200 8,500 495 E4-3 (Algo) Calculating Activity Rates, Classifying Activities (LO 4-2, 4-4] Required: 1. Compute the activity rate for each activity. 2. Classify...
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 $ 250,680 Number of machine hours 61,600 Number of design hours 66,482 Number of batches Estimated Cost Driver 71,600 7.ee 465 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...
Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost Pools Machining Setup Quality control Estimated Total Cost $679,400 105,950 164,900 Estimated Cost Driver 21,500 machine hours 520 batches 970 inspections M4-10 (Algo) Calculating Activity Rates for ABC System (LO 4-4) Compute the activity rates for each of the following activity cost pools: (Round your answers to 2 decimal places.) Machining Setup Costs Quality Control per...
Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost Pools Machining Estimated Total Cost $581,400 95, 175 147,200 Setup Estimated Cost Driver 19,000 machine hours 470 batches 920 inspections Quality control M4-12 (Algo) Assigning Costs Using Activity Proportions [LO 4-5) Suppose the Luxury boat requires 7,030 machine hours, 230 inspections, and 94 batches. Using activity proportions, determine the amount of overhead assigned to the Luxury...
Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost Estimated Activity Cost Pools Total Cost Estimated Cost Driver Machining $333,000 12.800 machine hours 72,000 360 batches Quality control 88,000 850 inspections Setup Suppose the Luxury boat requires 5,250 machine hours, 155 inspections, and 59 batches. Using activity proportions, determine the amount of overhead assigned to the Luxury product line. (Round your intermediate calculations to the nearest whole percentage and your final answer...
Required information M4-8 and M4-9 Acoma Co. has identified one of its cost pools to be quality control and has assigned $148,400 to that pool. Number of inspections has been chosen as the cost driver for this pool; Acoma performs 31,000 inspections annually. Suppose Acoma manufactures two products that consume 14,260 (Product 1) and 16,740 (Product 2) inspections each. M4-8 (Algo) Assigning Costs Using Activity Rates (LO 4-4] Using activity rates, determine the amount of quality control cost to be...
Required information M4-8 and M4-9 Acoma Co. has identified one of its cost pools to be quality control and has assigned $292,400 to that pool. Number of inspections has been chosen as the cost driver for this pool; Acoma performs 31,500 inspections annually. Suppose Acoma manufactures two products that consume 15,120 (Product 1) and 16,380 (Product 2) inspections each. M4-8 (Algo) Assigning Costs Using Activity Rates (LO 4-4) Using activity rates, determine the amount of quality control cost to be...
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 E4-3, E4-4 and E4-5 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 $345, 220 Number of machine hours 79,900 Number of design hours 70,983 Number of batches Estimated Cost Driver 84,200 8,500 495 E4-3 (Algo) Calculating Activity Rates, Classifying Activities (LO 4-2, 4-4] Required: 1. Compute the activity rate for each activity. 2. Classify...
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 $ 250,680 Number of machine hours 61,600 Number of design hours 66,482 Number of batches Estimated Cost Driver 71,600 7.ee 465 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...
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