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 answer to the nearest whole number.)
Homework Answers
Calculate overhead assigned to Luxury product line
| Luxury product line | |
| Machining | 317000/12500*3950 = 100172 |
| Setup | 78000/270*67 = 19356 |
| Quality control | 28667 |
| Total overhead | 148195 |
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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...
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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...
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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...
Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $174,156 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines: Activity Cost Pools Materials handling Quality control Machine maintenance Cost Driver Number of moves Number of inspections Number of machine hours Cost Assigned to Pool $ 2,706 $ 31,050 $140,400 Quantity/Amount Consumed by Basic 30 moves 220 inspections...
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Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $139,714 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines: Activity Cost Pools Cost Driver Materials handling Number of moves Quality control Number of inspections Number of machine Machine maintenance hours Cost Assigned to Pool $ 4,004 $ 30,710 Quantity/Amount Consumed by Basic 22 moves 220 inspections Quantity/Amount...
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