Tidwell Industries has the following overhead costs and cost
drivers. Direct labor hours are estimated at 100000 for the
year.
Activity Cost Pool | Cost Driver | Est. Overhead | Cost Driver Activity | |
Ordering and Receiving | Orders | $ 135000 | 500 orders | |
Machine Setup | Setups | 310500 | 450 setups | |
Machining | Machine hours | 1550000 | 125000 MH | |
Assembly | Parts | 1230000 | 1000000 parts | |
Inspection | Inspections | 315000 | 500 inspections |
If overhead is applied using activity-based costing, the overhead
application rate for ordering and receiving is
$7081 per order.
$0.14 per part.
$1.35 per direct labor hour.
$270 per order.
If overhead is applied using activity based costing, the overhead application rate for ordering and receiving is $270 per order.
Calculation is as follow :
Estimated over head for ordering and receiving is $135000 and cost drive is no. of orders i.e 500 and hence the rate per order is $135000 / 500 order i.e $270 per order
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at...
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 95000 500 orders Machine Setup Setups 274500 450 setups Machining Machine hours 1437500 125000 MH Assembly Parts 1150000 1000000 parts Inspection Inspections 275000 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is $0.10 per part. $6464 per...
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 110000 500 orders Machine Setup Setups 288000 450 setups Machining Machine hours 1475000 125000 MH Assembly Parts 1180000 1000000 parts Inspection Inspections 290000 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is $220 per order. $6686 per...
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 65000 500 orders Machine Setup Setups 247500 450 setups Machining Machine hours 1362500 125000 MH Assembly Parts 1090000 1000000 parts Inspection Inspections 245000 500 inspections If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is a. $8. b. $30....
Current Attempt in Progress Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Cost Driver Orders Est. Overhead $ 150000 Cost Driver Activity 500 orders Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection 324000 1587500 Setups Machine hours Parts Inspections 450 setups 125000 MH 1000000 parts 500 inspections 1260000 330000 If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is...
Current Attempt in Progress Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Cost Driver Cost Driver Activity Est. Overhead $ 150000 Orders 500 orders Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection Setups Machine hours Parts Inspections 324000 1587500 1260000 330000 450 setups 125000 MH 1000000 parts 500 inspections If overhead is applied using traditional costing based on direct labor hours, the overhead application rate...
x Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 120,000 500 orders Machine Setup Setups 297,000 450 setups Machining Machine hours 1,500,000 125,000 MH Assembly Parts 1,200,000 1,000,000 parts Inspection Inspections 300,000 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is Selected Answer: A....
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 120,000 500 orders Machine Setup Setups 297,000 450 setups Machining Machine hours 1,500,000 125,000 MH Assembly Parts 1,200,000 1,000,000 parts Inspection Inspections 300,000 500 inspections If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is $15.00. $34.17. $9.60....
what is the overhead application rate? Current Attempt in Progress Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year, Cost Driver Activity Cost Driver Orders Est. Overhead $ 145000 500 orders Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection Setups Machine hours Parts Inspections 319500 1575000 1250000 325000 450 setups 125000 MH 1000000 parts 500 inspections If overhead is applied using traditional costing based on direct...
what is the overhead application rate for ordering and receiving? Current Attempt in Progress Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Est. Overhead $ 65000 Activity Cost Pool Cost Driver Ordering and Receiving Orders Machine Setup Setups Machining Machine hours Assembly Parts Inspection Inspections 247500 1362500 1090000 245000 Cost Driver Activity 500 orders 450 setups 125000 MH 1000000 parts 500 inspections If overhead is applied using activity-based...
QUESTION 19 Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year Activity Cost Cost Driver Pool Ordering and Orders Receiving Machine Setup Setups Machining Assembly Inspection Cost Driver Activity Est. Overhead $120,000 500 orders 450 setups 1,500,000 125,000 MH 1,200,000 1,000,000 parts 500 inspections 297,000 Machine hours Parts |Inspections 300,000 If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is $1.20 per direct...