Homework Answers
(a) Overhead rate based on direct labor hour = $1,000,000 / 40,000 hrs = $25 /DLH
(b) Order processing = $175,000 / 10,000 = $17.50 per order
Setups = $160,000 / 4,000 = $40 per setup
Milling = $410,000 / 20,500 = $20 per machine hour
Shipping = $255,000 / 25,000 = $10.20 per shipment
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Exercise 7-6 Smith Machining makes three products. The company's annual budget includes $1,000,000 of overhead. In...
Sheridan Machining makes three products. The company’s annual budget includes $1,104,300 of overhead. In the past,...
Sheridan Machining makes three products. The company’s annual budget includes $1,104,300 of overhead. In the past, the company allocated overhead based on expected capacity of 40,000direct labor hours. The company recently implemented an activity-based costing system and has determined that overhead costs can be broken into four overhead pools: order processing, setups, milling, and shipping. The following is a summary of company information: Expected CostExpected ActivitiesOrder processing $283,900 17,000 orders Setups168,000 4,200 setups Milling 377,400 20,400 machine hours Shipping275,000 25,000...
Testbank Exercise 1 Jones Manufacturing Company makes two products. The company's budget includes $471,750 of overhead....
Testbank Exercise 1 Jones Manufacturing Company makes two products. The company's budget includes $471,750 of overhead. In the past, the company allocated overhead based on estimated total direct labor hours of 18,870. Jones recently implemented an activity-based costing system and had determined that overhead can be broken into three overhead pools: processed purchase orders, machine setups, and good shipped. The following is a summary of company information: Orders processed Machine setups Shipping Estimated Cost $82,080 14,300 35,532 $131,912 Estimated Activities...
Chapter 7 Exercises A Saved Klumper Corporation is a diversified manufacturer of industrial goods. The company's...
Chapter 7 Exercises A Saved Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: 20 points Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity Rates $ 8 per direct labor-hour $ 3 per machine-hour $ 45 per setup $ 160 per order $ 125 per shipment $ 775 per product eBook Activity data have been supplied for...
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the...
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity Rates $ 10 per direct labor-hour $ per machine-hour $ 40 per setup $ 160 per order $ 130 per shipment 775 per product Activity data have been supplied for the following two products: Total Expected Activity K425 M67 200...
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the...
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity Rates $ 9 per direct labor-hour $ 4 per machine-hour $ 40 per setup $ 160 per order $ 125 per shipment $ 775 per product Activity data have been supplied for the following two products: Total Expected Activity K425...
3 Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains...
3
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity Rates $ 7 per direct labor-hour $ 5 per machine-hour $ 40 per setup $ 160 per order $ 125 per shipment $ 825 per product Activity data have been supplied for the following two products: Total Expected Activity...
please explain Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system...
please explain
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates Activity Cost Pool Supporting direct labor Machine processing Machine Setups Production orders Shipments Product sustaining Activity Rates $ & per direct labor-hour $ 4 per machine-hour $ 50 per setup $ 160 per order $ 130 per shipment $850 per product Activity data have been supplied for the following two products Tatal Expected Number...
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the...
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity Rates $ 11 per direct labor-hour $ 2 per machine-hour $40 per setup $ 150 per order $ 125 per shipment $ 825 per product Activity data have been supplied for the following two products: Total Expected Activity K425 M67...
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the...
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Activity Rates 9 per direct labor-hour 4 per machine - hour $ $ 35 per setup 170 per order $ 115 per shipment $850 per product Shipments Product sustaining Activity data have been supplied for the following two products: Total Expected Activity M67 2,000...
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity based costing system contains...
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity Rates $9.00 per direct labor-hour $4.00 per machine-hour $45.00 per setup $150.00 per order $125.00 per shipment $875.00 per product Activity data have been supplied for the following two products: Total Expected Activity K425 M67 200 2,000 1,175 40...
Testbank Exercise 1 Jones Manufacturing Company makes two products. The company's budget includes $471,750 of overhead. In the past, the company allocated overhead based on estimated total direct labor hours of 18,870. Jones recently implemented an activity-based costing system and had determined that overhead can be broken into three overhead pools: processed purchase orders, machine setups, and good shipped. The following is a summary of company information: Orders processed Machine setups Shipping Estimated Cost $82,080 14,300 35,532 $131,912 Estimated Activities...
Chapter 7 Exercises A Saved Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: 20 points Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity Rates $ 8 per direct labor-hour $ 3 per machine-hour $ 45 per setup $ 160 per order $ 125 per shipment $ 775 per product eBook Activity data have been supplied for...
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity Rates $ 10 per direct labor-hour $ per machine-hour $ 40 per setup $ 160 per order $ 130 per shipment 775 per product Activity data have been supplied for the following two products: Total Expected Activity K425 M67 200...
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity Rates $ 9 per direct labor-hour $ 4 per machine-hour $ 40 per setup $ 160 per order $ 125 per shipment $ 775 per product Activity data have been supplied for the following two products: Total Expected Activity K425...
3
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity Rates $ 7 per direct labor-hour $ 5 per machine-hour $ 40 per setup $ 160 per order $ 125 per shipment $ 825 per product Activity data have been supplied for the following two products: Total Expected Activity...
please explain
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates Activity Cost Pool Supporting direct labor Machine processing Machine Setups Production orders Shipments Product sustaining Activity Rates $ & per direct labor-hour $ 4 per machine-hour $ 50 per setup $ 160 per order $ 130 per shipment $850 per product Activity data have been supplied for the following two products Tatal Expected Number...
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity Rates $ 11 per direct labor-hour $ 2 per machine-hour $40 per setup $ 150 per order $ 125 per shipment $ 825 per product Activity data have been supplied for the following two products: Total Expected Activity K425 M67...
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Activity Rates 9 per direct labor-hour 4 per machine - hour $ $ 35 per setup 170 per order $ 115 per shipment $850 per product Shipments Product sustaining Activity data have been supplied for the following two products: Total Expected Activity M67 2,000...
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity Rates $9.00 per direct labor-hour $4.00 per machine-hour $45.00 per setup $150.00 per order $125.00 per shipment $875.00 per product Activity data have been supplied for the following two products: Total Expected Activity K425 M67 200 2,000 1,175 40...
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