Homework Answers
Overhead rate for quality control = Estimated oh cost/Estimated total test runs
= 320,000/4,000 = 80 per test run
Overhead allocated to Job #804
= 80 * 3 test runs
= 240
Add Answer to:
Cornwell Products has adopted an ABC costing system to allocate its overhead costs. The following manufacturing...
Cormwell Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and...
Cormwell Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and cost drivers have been identified: The Job Cost Record for Job #804 revealed that direct materials requisitioned forthe job totaled $1,250. The Job Cost Record also showed that direct labor for this job totaled 12 hours at a wage rate of $30 per hour. Total estimated Total estimated amount Activit l costs related of allocation base activity to activity $180,000 2,000 setups 2000 Machine...
Radley Products has adopted an ACB costing system. The following manufacturing activities, indirect manufacturing costs, and...
Radley Products has adopted an ACB costing system. The following manufacturing activities, indirect manufacturing costs, and cost drivers have been identified Machine setup 120,000 2,000 setups Machining 1,050,000 6,000 machine hrs Polishing 80,000 10,000 polishing cloths Quality control 280,000 4,000 test runs Facility-level costs 120,000 50,000 DL hrs MOH 1,650,000 The Job Cost Record for Job #624 revealed that direct materials requisitioned for the job totaled $1,050. the Job Cost Record also showed that direct labor for this job totaled...
Gamble Products has adopted an ABC costing system. The following manufacturing The Job Cost Record for...
Gamble Products has adopted an ABC costing system. The following manufacturing The Job Cost Record for Job #624 revealed that direct materials requisitioned f activities, indirect manufacturing costs, and cost drivers have been identified: the job totaled $1,100. The Job Cost Record also showed that direct labor for th (Click the icon to view the activity costs and drivers.) job totaled 12 hours at a wage rate of $29 per hour. Other data collected on the resources used by Job...
Gamble Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and...
Gamble Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and cost drivers have been identified: (Click the icon to view the activity costs and drivers.) The Job Cost Record for Job #624 revealed that direct materials requisitioned for the job totaled $1,140. The Job Cost Record also showed that direct labor for this job totaled 6 hours at a wage rate of $22 per hour. Other data collected on the resources used by Job...
Assigned Media Question Help o E4-24A (similar to) Camoy Products has adopted an ABC cooling system....
Assigned Media Question Help o E4-24A (similar to) Camoy Products has adopted an ABC cooling system. The following manufacturing activities. Indirect manufacturing costs, and cost drivers have been identified: Click the icon to view the activity costs and drivers.) The Job Cost Record for Job 0624 revealed that direct materials requisitioned for the job totaled S1,040 The Job Cost Record also showed that direct labor for this job totaled 8 hours at a wage rate of $27 per hour Other...
Hadsall Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect...
Hadsall Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year. (Click the icon to view activities, total costs, and cost drivers ) (Click the icon for additional information) Read the requirements 1. Compute the activity cost allocation rates for the year (Round your answers to the nearest whole dollar) Activity cost allocation rate Machine setups (per setup) Machining (per machine hour)...
Teagan Company uses Departmental Overhead allocation to allocate its manufacturing overhead costs. It has identified two...
Teagan Company uses Departmental Overhead allocation to allocate its manufacturing overhead costs. It has identified two departments: Machining & Assembly. The Machining department allocates overhead using machine hours, and the Assembly department allocates overhead using direct labor hours. It has accumulated the following data for 2018 Machining Department estimated manufacturing overhead $670,000 Assembly Department esimated manufacturing overhead: $450.000 Total estimated overhead costs $1,120,000 Estimated machine hours in the machining department Estimated direct labor hours in the assembly department 10,000 hours...
Wedge Industries, a small , family-run manufacturer, has adopted an ABC system. The following manufacturing activities,...
Wedge Industries, a small , family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year: Click the icon to view activities, total costs, and cost drivers.) (Click the icon for additional information) Read the requirements 1. Compute the activity cost allocation rates for the year. (Round your answers to the nearest whole dollar.) Activity cost allocation rate Machine setups (per setup) Machining (per machine hour)...
help! San Antonio Foundry recently implemented an activity-based costing system. It has determined the following costs...
help!
San Antonio Foundry recently implemented an activity-based costing system. It has determined the following costs pools and cost drivers for the year: Activity cost pool Esimated acivity costs Estimated Allocation Base Machine setup $900,000 12,000 setup hours Machine operation $500,000 10,000 machine hours Inspections $120,000 4,000 inspections The following data is for the production of its U2 shafts during the month of January: Units produced 400 Direct materials cost $20,000 Direct labor cost $10,000 Setup hours 7 Machine hours...
Kirby Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect...
Kirby Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year Click the icon to view activities, total costs, and cost drivers.) During May. John and Allison Kirby machined and assembled Job 405. John worked a total of 12 hours on the job, while Allison worked 4 hours on the job. John is paid a $25 per hour wage rate, while Allison...
Cormwell Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and cost drivers have been identified: The Job Cost Record for Job #804 revealed that direct materials requisitioned forthe job totaled $1,250. The Job Cost Record also showed that direct labor for this job totaled 12 hours at a wage rate of $30 per hour. Total estimated Total estimated amount Activit l costs related of allocation base activity to activity $180,000 2,000 setups 2000 Machine...
Gamble Products has adopted an ABC costing system. The following manufacturing The Job Cost Record for Job #624 revealed that direct materials requisitioned f activities, indirect manufacturing costs, and cost drivers have been identified: the job totaled $1,100. The Job Cost Record also showed that direct labor for th (Click the icon to view the activity costs and drivers.) job totaled 12 hours at a wage rate of $29 per hour. Other data collected on the resources used by Job...
Gamble Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and cost drivers have been identified: (Click the icon to view the activity costs and drivers.) The Job Cost Record for Job #624 revealed that direct materials requisitioned for the job totaled $1,140. The Job Cost Record also showed that direct labor for this job totaled 6 hours at a wage rate of $22 per hour. Other data collected on the resources used by Job...
Assigned Media Question Help o E4-24A (similar to) Camoy Products has adopted an ABC cooling system. The following manufacturing activities. Indirect manufacturing costs, and cost drivers have been identified: Click the icon to view the activity costs and drivers.) The Job Cost Record for Job 0624 revealed that direct materials requisitioned for the job totaled S1,040 The Job Cost Record also showed that direct labor for this job totaled 8 hours at a wage rate of $27 per hour Other...
Hadsall Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year. (Click the icon to view activities, total costs, and cost drivers ) (Click the icon for additional information) Read the requirements 1. Compute the activity cost allocation rates for the year (Round your answers to the nearest whole dollar) Activity cost allocation rate Machine setups (per setup) Machining (per machine hour)...
Teagan Company uses Departmental Overhead allocation to allocate its manufacturing overhead costs. It has identified two departments: Machining & Assembly. The Machining department allocates overhead using machine hours, and the Assembly department allocates overhead using direct labor hours. It has accumulated the following data for 2018 Machining Department estimated manufacturing overhead $670,000 Assembly Department esimated manufacturing overhead: $450.000 Total estimated overhead costs $1,120,000 Estimated machine hours in the machining department Estimated direct labor hours in the assembly department 10,000 hours...
Wedge Industries, a small , family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year: Click the icon to view activities, total costs, and cost drivers.) (Click the icon for additional information) Read the requirements 1. Compute the activity cost allocation rates for the year. (Round your answers to the nearest whole dollar.) Activity cost allocation rate Machine setups (per setup) Machining (per machine hour)...
help!
San Antonio Foundry recently implemented an activity-based costing system. It has determined the following costs pools and cost drivers for the year: Activity cost pool Esimated acivity costs Estimated Allocation Base Machine setup $900,000 12,000 setup hours Machine operation $500,000 10,000 machine hours Inspections $120,000 4,000 inspections The following data is for the production of its U2 shafts during the month of January: Units produced 400 Direct materials cost $20,000 Direct labor cost $10,000 Setup hours 7 Machine hours...
Kirby Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year Click the icon to view activities, total costs, and cost drivers.) During May. John and Allison Kirby machined and assembled Job 405. John worked a total of 12 hours on the job, while Allison worked 4 hours on the job. John is paid a $25 per hour wage rate, while Allison...
Most questions answered within 3 hours.
-
On a recent quiz, the class mean was 75 with a standard
deviation of 2.2. Calculate...
asked 10 minutes ago -
Discuss the Coefficient of Restitution in an elastic collision
compared to the Coefficient of Restitution in...
asked 14 minutes ago -
Pretend that you are
the audit manager on an annual financial statement audit engagement
for a...
asked 23 minutes ago -
A certain lens focuses light from an object 1.65 m away as an
image 41.8 cm...
asked 23 minutes ago -
Which metal has a resistivity that is within the range or
closest to 4.2X10^-6 to 4.7X10^-6...
asked 29 minutes ago -
5.) Suppose a researcher collected data on the mean height of
tomato plants grown in organic...
asked 41 minutes ago -
(b) A medical statistician wants to estimate the average weight
loss of people who are on...
asked 46 minutes ago -
In scala,
Can you explain what is the difference between them, and why the
first one...
asked 47 minutes ago -
True (T) or False (F) Questions
In a queuing system, if the system’s utilization is 100%,...
asked 56 minutes ago -
What is the total energy transported per hour along a narrow
cylindrical laser beam 1.60 mm...
asked 1 hour ago -
Key Assessment PAT 6: Sayles Chapter 14 Application Exercise
2
Beginning January 1, Community Hospital had...
asked 1 hour ago -
Let's assume the following data represents the time from when a
patient is discharged from North...
asked 1 hour ago