Homework Answers
| Activity | Cost | Pencil | Pen | Total Driver |
| Setting Up | 90000 | 22 | 28 | 50 |
| Inspecting | 33000 | 4 | 6 | 10 |
| Packing and Shipping | 48000 | 40000 | 80000 | 120000 |
| Total | 171000 | |||
| Activity Rate = Cost/Total Driver | ||||
| Setting Up | 1800 | |||
| Inspecting | 3300 | |||
| Packing and Shipping | 0.4 | |||
| Allocation = Rate*Driver consumed | ||||
| Pencil | Pen | |||
| Setting Up | 39,600 | 50,400 | ||
| Inspecting | 13,200 | 19,800 | ||
| Packing and Shipping | 16,000 | 32,000 | ||
| Total | 68,800 | 102,200 | ||
| b.Using direct labor hours | ||||
| Pencil | 85,500 | |||
| Pen | 85,500 | |||
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Isadore's Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently...
Isadore's Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently...
Isadore's Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently allocated using direct labor-hours, but the controller has recommended an activity-based costing system using the following data: Cost Driver Volume Activity Cost Driver Cost Pencils Pens Setting up Number of setups $ 91,200 17 31 Inspecting Number of parts 27,000 4 5 Packing and shipping Number of boxes shipped 65,000 50,000 80,000 Total overhead $183,200 Required: a. Compute the amount of overhead to be...
Isadore's Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently...
Isadore's Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently allocated using direct labor-hours, but the controller has recommended an activity-based costing system using the following data: Cost Driver Volume Pencils Pens 17 32 Activity Setting up Inspecting Packing and shipping Total overhead Cost Driver Number of setups Number of parts Number of boxes shipped Cost $ 93, 100 33,000 44,000 $170, 100 45,000 65,000 Required: a. Compute the amount of overhead to be...
Isadore's Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently...
Isadore's Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently allocated using direct labor-hours, but the controller has recommended an activity-based costing system using the following data: 33 ints Activity Setting up Inspecting Packing and shipping Total overhead Cost Driver Number of setups Number of parts Number of boxes shipped Cost $104,500 28,000 75,000 $207,500 Cost Driver Volume Pencils Pens 23 32 4 6 55,000 70,000 eBook Print Required: a. Compute the amount of...
Isadore’s Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently...
Isadore’s Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently allocated using direct labor-hours, but the controller has recommended an activity-based costing system using the following data: Cost Driver Volume Activity Cost Driver Cost Pencils Pens Setting up Number of setups $ 96,900 21 30 Inspecting Number of parts 33,000 4 7 Packing and shipping Number of boxes shipped 66,000 40,000 70,000 Total overhead $ 195,900 Required: a. Compute the amount of overhead to...
please explain in detail how to get correct answer Isadore's Implements, Inc., manufactures pens and mechanical...
please explain in detail how to get correct answer
Isadore's Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently allocated using direct labor-hours, but the controller has recommended an activity-based costing system using the following data: Cost Driver Volume Pencils Pens 18 38 Activity Setting up Inspecting Packing and shipping Total overhead Cost Driver Number of setups Number of parts Number of boxes shipped Cost $ 96.299 30,800 42, eee $ 168,800 40,000 65,000...
Paris, Inc, Produces two products, Product A and Product B. If currently allocates overhead costs using...
Paris, Inc, Produces two products, Product A and Product B. If currently allocates overhead costs using direct-labor hours, but the controller has recommended an activity-based costing (ABC) system using the following data: Activity Level Activity Cost-Driver Base Cost Product A Product B Production setup Number of setups 90,000 11 19 Materials handing & requisition Number of parts per unit 15,000 6 18 Packaging & shipping Number of units shipped 45,000 60,000 120,000 Total overhead 150,000 A, Compute the amount of...
4 PES Problem D:C&W Corporation manufactures travel clocks and watches, Overhead costs are currently allocated using...
4 PES Problem D:C&W Corporation manufactures travel clocks and watches, Overhead costs are currently allocated using direct labor hours, but the controller has recommended using an activity-based costing system based on the following data: Activity Cost Driver Cost assigned Travel Clocks Watches Production setup Setups $100,000 20 setups 30 setups Material handling and requisition Parts $30,000 24 parts 36 parts Packaging and shipping Units shipped $60,000 80,000 units 120,000 units Total overhead $190,000 Compute the amount of total overhead allocated...
EcoFabrics has budgeted overhead costs of $1,086,750. It has allocated overhead on a plantwide basis to...
EcoFabrics has budgeted overhead costs of $1,086,750. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 517,500 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...
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...
EcoFabrics has budgeted overhead costs of $1,152,900. It has allocated overhead on a plantwide basis to...
EcoFabrics has budgeted overhead costs of $1,152,900. It has
allocated overhead on a plantwide basis to its two products (wool
and cotton) using direct labor hours which are estimated to be
549,000 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...
Isadore's Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently allocated using direct labor-hours, but the controller has recommended an activity-based costing system using the following data: Cost Driver Volume Activity Cost Driver Cost Pencils Pens Setting up Number of setups $ 91,200 17 31 Inspecting Number of parts 27,000 4 5 Packing and shipping Number of boxes shipped 65,000 50,000 80,000 Total overhead $183,200 Required: a. Compute the amount of overhead to be...
Isadore's Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently allocated using direct labor-hours, but the controller has recommended an activity-based costing system using the following data: Cost Driver Volume Pencils Pens 17 32 Activity Setting up Inspecting Packing and shipping Total overhead Cost Driver Number of setups Number of parts Number of boxes shipped Cost $ 93, 100 33,000 44,000 $170, 100 45,000 65,000 Required: a. Compute the amount of overhead to be...
Isadore's Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently allocated using direct labor-hours, but the controller has recommended an activity-based costing system using the following data: 33 ints Activity Setting up Inspecting Packing and shipping Total overhead Cost Driver Number of setups Number of parts Number of boxes shipped Cost $104,500 28,000 75,000 $207,500 Cost Driver Volume Pencils Pens 23 32 4 6 55,000 70,000 eBook Print Required: a. Compute the amount of...
please explain in detail how to get correct answer
Isadore's Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently allocated using direct labor-hours, but the controller has recommended an activity-based costing system using the following data: Cost Driver Volume Pencils Pens 18 38 Activity Setting up Inspecting Packing and shipping Total overhead Cost Driver Number of setups Number of parts Number of boxes shipped Cost $ 96.299 30,800 42, eee $ 168,800 40,000 65,000...
4 PES Problem D:C&W Corporation manufactures travel clocks and watches, Overhead costs are currently allocated using direct labor hours, but the controller has recommended using an activity-based costing system based on the following data: Activity Cost Driver Cost assigned Travel Clocks Watches Production setup Setups $100,000 20 setups 30 setups Material handling and requisition Parts $30,000 24 parts 36 parts Packaging and shipping Units shipped $60,000 80,000 units 120,000 units Total overhead $190,000 Compute the amount of total overhead allocated...
EcoFabrics has budgeted overhead costs of $1,086,750. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 517,500 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...
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...
EcoFabrics has budgeted overhead costs of $1,152,900. It has
allocated overhead on a plantwide basis to its two products (wool
and cotton) using direct labor hours which are estimated to be
549,000 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...
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