Wings Co. budgeted $562,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing...
Wings Co. budgeted $562,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Budgeted Overhead Cost Budgeted Level for Cost Driver Overhead Cost Driver Materials handling $ 156,000 3,900 pounds Weight of materials Machine setup 18,400 460 setups Number of setups Machine repair 1,220 30,500 machine hours Machine hours Inspections 11,500 230 inspections Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor 20 hours Direct materials 200 pounds Machine setup 50 setups Machine hours 15,700 machine hours Inspections 15 inspections The total overhead of Job #971 under the ABC costing is: Multiple Choice $165. $430. $2,620. $3,180. $11,378.
Homework Answers
Calculate total overhead of Job 971
| Material handling (156000/3900*200) | 8000 |
| Machine setup (18400/460*50) | 2000 |
| machine repair (1220/30500*15700) | 628 |
| Inspection (11500/230*15) | 750 |
| Total overhead | 11378 |
So answer is b) $11378
Add Answer to:
Wings Co. budgeted $562,000 manufacturing direct wages, 2,000
direct labor hours, and had the following manufacturing...
Wings Co. budgeted $562,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing...
Wings Co. budgeted $562,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Budgeted Overhead Cost $156,000 18,400 1,220 11,500 Budgeted Level for Cost Driver 3,900 pounds 460 setups 30,500 machine hours 230 inspections Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor Direct materials Machine setup Machine hours...
Wings Co. budgeted $567,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing...
Wings Co. budgeted $567,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Budgeted Overhead Cost Budgeted Level for Cost Driver Overhead Cost Driver Materials handling $ 132,000 4,400 pounds Weight of materials Machine setup 15,300 510 setups Number of setups Machine repair 1,920 32,000 machine hours Machine hours Inspections 11,200 280 inspections Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor 20 hours Direct materials 250...
Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing...
Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Budgeted Overhead Cost Budgeted Level for Cost Driver Overhead Cost Driver Materials handling $ 160,000 3,200 pounds Weight of materials Machine setup 13,260 390 setups Number of setups Machine repair 1,380 30,000 machine hours Machine hours Inspections 10,560 160 inspections Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor 20 hours Direct materials 130...
Wings Co. budgeted $556,000 manufacturing direct wages, 2,500 direct labor hours, and had the following manufacturing...
Wings Co. budgeted $556,000 manufacturing direct wages, 2,500 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Budgeted Overhead Cost $198,000 14,888 1,800 10,200 Budgeted Level for Cost Driver 3,300 pounds 400 setups 30,000 machine hours 17e inspections Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor Direct materials Machine setup Machine hours...
Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing...
Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Budgeted Budgeted Level for Overhead Cost Overhead Cost Cost Driver Driver Weight of $160,000 3,200 pounds materials Number of 13,200 390 setups setups 1,380 30,000 machine hours Machine hours Machine setup Machine repair Number of Inspections inspections Requirements for Job #971 which manufactured 4 units of product: 10,560 160 inspections Direct labor 20 hours Direct materials 130 pounds...
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 $ 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....
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 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....
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...
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...
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 $ 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...
Wings Co. budgeted $562,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Budgeted Overhead Cost $156,000 18,400 1,220 11,500 Budgeted Level for Cost Driver 3,900 pounds 460 setups 30,500 machine hours 230 inspections Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor Direct materials Machine setup Machine hours...
Wings Co. budgeted $556,000 manufacturing direct wages, 2,500 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Budgeted Overhead Cost $198,000 14,888 1,800 10,200 Budgeted Level for Cost Driver 3,300 pounds 400 setups 30,000 machine hours 17e inspections Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor Direct materials Machine setup Machine hours...
Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Budgeted Budgeted Level for Overhead Cost Overhead Cost Cost Driver Driver Weight of $160,000 3,200 pounds materials Number of 13,200 390 setups setups 1,380 30,000 machine hours Machine hours Machine setup Machine repair Number of Inspections inspections Requirements for Job #971 which manufactured 4 units of product: 10,560 160 inspections Direct labor 20 hours Direct materials 130 pounds...
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