Homework Answers
Correct answer----machine hours
.
Setting of machines, machining, inspecting are all cost pools whereas machine hours are used as an allocation base for cost pool.
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QUESTION 21 Which of the following is not an example of an activity cost pool? Setting...
3. (7 points) Griffin Corporation's activity-based costing system has three activity cost pools-- Machining, Setting Up...
3. (7 points) Griffin Corporation's activity-based costing system has three activity cost pools-- Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $ 41,200 9,000 $ 33,800 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are...
Greife Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The...
Greife Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $77,832 $95,800 $ 22,500 Costs in the Machining cost pool are assigned to products based on machine-hours (MHS) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. The...
Greife Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's...
Greife Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining $ 47,250 Setting Up $ 125,354 Other $ 21,600 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to...
Greife Corporation's activity-based costing system has three activity cost pools-Machining, Setting Up, and Other. The company's...
Greife Corporation's activity-based costing system has three activity cost pools-Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up $56,754 $81,016 $18,900 Other Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. The following...
3. Hugle Corporation's activity-based costing system has three activity cost pools-Machining, Setting Up, and Other. The...
3. Hugle Corporation's activity-based costing system has three activity cost pools-Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining....... Setting Up.... Other ................. $15,200 $44,800 16,000 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products....
Greife Corporation's activity-based costing system has three activity cost pools --Machining, Setting Up, and Other. The...
Greife Corporation's activity-based costing system has three activity cost pools --Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $ 47,300 $100,738 $ 16,500 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to...
Greife Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's...
Greife Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $90,138 $75,651 $25,400 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. The following...
Johnstone Company manufactures two products, Board 12 and Case 165. Johnstone's overhead costs consist of setting...
Johnstone Company manufactures two products, Board 12 and Case 165. Johnstone's overhead costs consist of setting up machines, $1,600,000: machining $3,600,000; and inspecting, $1,200,000. Information on the two products is: Board 12 Case 165 Direct labor hours 15,000 25,000 Machine setups 600 400 Machine hours 24,000 26,000 Inspections 800 700 Using activity-based costing, the overhead rate for machining pool is: 1) $1,600 2) $150. 3) $72. 4) $138.5. Johnstone Company manufactures two products, Board 12 and Case 165. Johnstone's overhead...
Musich Corporation has an activity-based costing system with three activity cost pools--Machining, Setting Up, and Other....
Musich Corporation has an activity-based costing system with three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs, which consist of equipment depreciation and indirect labor, have been allocated to the cost pools already and are provided in the table below. Activity Cost Pools Machining Setting Up Other Total Equipment depreciation $ 9000 $ 47,700 $ 23,400 $ 80,100 Indirect labor 3900 2700 3900 10,500 Total $ 12,900 $ 50,400 $ 27,300 $ 90,600 Costs in the Machining...
Musich Corporation has an activity-based costing system with three activity cost pools--Machining, Setting Up, and Other....
Musich Corporation has an activity-based costing system with three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs, which consist of equipment depreciation and indirect labor, have been allocated to the cost pools already and are provided in the table below. Activity Cost Pools Machining Setting Up Other Total Equipment depreciation $ 9400 $ 48,700 $ 23,800 $ 81,900 Indirect labor 4500 2900 4100 11,500 Total $ 13,900 $ 51,600 $ 27,900 $ 93,400 Costs in the Machining...
3. (7 points) Griffin Corporation's activity-based costing system has three activity cost pools-- Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $ 41,200 9,000 $ 33,800 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are...
Greife Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $77,832 $95,800 $ 22,500 Costs in the Machining cost pool are assigned to products based on machine-hours (MHS) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. The...
Greife Corporation's activity-based costing system has three activity cost pools-Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up $56,754 $81,016 $18,900 Other Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. The following...
3. Hugle Corporation's activity-based costing system has three activity cost pools-Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining....... Setting Up.... Other ................. $15,200 $44,800 16,000 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products....
Greife Corporation's activity-based costing system has three activity cost pools --Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $ 47,300 $100,738 $ 16,500 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to...
Greife Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $90,138 $75,651 $25,400 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. The following...
Johnstone Company manufactures two products, Board 12 and Case 165. Johnstone's overhead costs consist of setting up machines, $1,600,000: machining $3,600,000; and inspecting, $1,200,000. Information on the two products is: Board 12 Case 165 Direct labor hours 15,000 25,000 Machine setups 600 400 Machine hours 24,000 26,000 Inspections 800 700 Using activity-based costing, the overhead rate for machining pool is: 1) $1,600 2) $150. 3) $72. 4) $138.5. Johnstone Company manufactures two products, Board 12 and Case 165. Johnstone's overhead...
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