Homework Answers
Overhead rate = Estimated overhead/Estimated allocation base
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12. Overhead rate = 731,400/[(36,000*1)+(11,000*3)] = 731,400/69,000 = 10.60 per direct labor hour |
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11. Cutting = 417,600/232,000 = 1.80 per machine hour Design = 678,600/1740 = 390 per setup |
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Question 12 Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount...
Question 11 EcoFabrics has budgeted overhead costs of $1,096,200. It has allocated overhead on a plantwide...
Question 11 EcoFabrics has budgeted overhead costs of $1,096,200. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 522,000 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...
Question 11 EcoFabrics has budgeted overhead costs of $1,096,200. It has allocated overhead on a plantwide...
Question 11 EcoFabrics has budgeted overhead costs of $1,096,200. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 522,000 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...
Question 11 EcoFabrics has budgeted overhead costs of $1,096,200. It has allocated overhead on a plantwide...
Question 11 EcoFabrics has budgeted overhead costs of $1,096,200. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 522,000 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...
Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead...
Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. Car Truck Estimated wheels produced Direct labor hours per wheel 39,000 11,000 1 3 Total estimated overhead costs for the two product lines are $835,200. ✓ Your answer is correct. Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rate $ 11.60 per direct labor hour...
Exercise 17-03 al-a2, b1-b2 EcoFabrics has budgeted overhead costs of $1,096,200. It has allocated overhead on...
Exercise 17-03 al-a2, b1-b2 EcoFabrics has budgeted overhead costs of $1,096,200. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 522,000 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)....
Exercise 17-4 Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount...
Exercise 17-4 Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the information controller, Robert Hermann, has developed the following Car Truck Estimated wheels produced Direct labor hours per wheel 35,500 15,000 Total estimated overhead costs for the two product lines are $825,000 Calculate overhead rate. (Round answer to 2 decimal places, e-g. 12.25.) Overhead rate per direct labor hour Compute the overhead cost assigned to the...
Exercise 4-3 a1-a2, b1-b2 (Video) (Part Level Submission) EcoFabrics has budgeted overhead costs of $1,124,550. It...
Exercise 4-3 a1-a2, b1-b2 (Video) (Part Level Submission) EcoFabrics has budgeted overhead costs of $1,124,550. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 535,500 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...
E17.4 (LU 1, 2) Altex Inc. manufactures two products: car wheels and truck wheels. lo determine...
E17.4 (LU 1, 2) Altex Inc. manufactures two products: car wheels and truck wheels. lo determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. Assign overhead using traditional costing and ABC. Excel Car Truck Estimated wheels produced 40,000 10,000 Direct labor hours per wheel Total estimated overhead costs for the two product lines are $770,000. Instructions a. Compute the overhead cost assigned to the car wheels and truck wheels,...
Exercise 4-3 a1-a2, b1-b2 (Video) (Part Level Submission) EcoFabrics has budgeted overhead costs of $1,124,550. It...
Exercise 4-3 a1-a2, b1-b2 (Video) (Part Level Submission) EcoFabrics has budgeted overhead costs of $1,124,550. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 535,500 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...
EcoFabrics has budgeted overhead costs of $1,039,500. It has allocated overhead on a plantwide basis cotton)...
EcoFabrics has budgeted overhead costs of $1,039,500. It has allocated overhead on a plantwide basis cotton) using direct labor hours which are estimated to be 495,000 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 cutting cost pool is $396,000 and...
Question 11 EcoFabrics has budgeted overhead costs of $1,096,200. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 522,000 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...
Question 11 EcoFabrics has budgeted overhead costs of $1,096,200. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 522,000 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...
Question 11 EcoFabrics has budgeted overhead costs of $1,096,200. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 522,000 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...
Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. Car Truck Estimated wheels produced Direct labor hours per wheel 39,000 11,000 1 3 Total estimated overhead costs for the two product lines are $835,200. ✓ Your answer is correct. Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rate $ 11.60 per direct labor hour...
Exercise 17-03 al-a2, b1-b2 EcoFabrics has budgeted overhead costs of $1,096,200. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 522,000 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)....
Exercise 17-4 Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the information controller, Robert Hermann, has developed the following Car Truck Estimated wheels produced Direct labor hours per wheel 35,500 15,000 Total estimated overhead costs for the two product lines are $825,000 Calculate overhead rate. (Round answer to 2 decimal places, e-g. 12.25.) Overhead rate per direct labor hour Compute the overhead cost assigned to the...
Exercise 4-3 a1-a2, b1-b2 (Video) (Part Level Submission) EcoFabrics has budgeted overhead costs of $1,124,550. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 535,500 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...
E17.4 (LU 1, 2) Altex Inc. manufactures two products: car wheels and truck wheels. lo determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. Assign overhead using traditional costing and ABC. Excel Car Truck Estimated wheels produced 40,000 10,000 Direct labor hours per wheel Total estimated overhead costs for the two product lines are $770,000. Instructions a. Compute the overhead cost assigned to the car wheels and truck wheels,...
Exercise 4-3 a1-a2, b1-b2 (Video) (Part Level Submission) EcoFabrics has budgeted overhead costs of $1,124,550. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 535,500 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...
EcoFabrics has budgeted overhead costs of $1,039,500. It has allocated overhead on a plantwide basis cotton) using direct labor hours which are estimated to be 495,000 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 cutting cost pool is $396,000 and...
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