Homework Answers
| PARTICULARS | TOTAL COST(A) | COST DRIVER | TOTAL ACTIVITY (B) | COST DRIVER RATE(A/B) |
| MACHINE SETUP | $177,500 | NO. OF SETUPS | 2500 | $71 PER SETUP |
| MACHINING | $306,000 | MACHINE HOURS | 25500 | $12 PER MACHINE HOUR |
| INSPECTIONS | $57,600 | NO. OF INSPECTIONS | 1200 | $48 PER INSPECTION |
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Question 1 --/1 View Policies Current Attempt in Progress Morgana Company identifies three activities in its...
CALCULATOR PAINTER VERSION BACK NEXT Question 1 Morgana Company identifies three activities in its manufacturing process:...
CALCULATOR PAINTER VERSION BACK NEXT Question 1 Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $205,900, $265,100, and $78,400, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,900, machine hours 24,100, and number of inspections 1,600 Compute the overhead rate for each activity. Machine setups $ per setup Machining $ per machine hour Inspections per inspection
Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual...
Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $201,600, $413,100, and $84,600, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,800, machine hours 24,300, and number of inspections 1,800. Compute the overhead rate for each activity. Machine setups $ per setup Machining $ per machine hour Inspections $ per inspection
Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Es...
Morgana Company identifies three activities in its manufacturing
process: machine setups, machining, and inspections. Estimated
annual overhead cost for each activity is $205,900, $411,200, and
$58,500, respectively. The cost driver for each activity and the
expected annual usage are number of setups 2,900, machine hours
25,700, and number of inspections 1,300.
Compute the overhead rate for each activity.
Machine setups
$
per setup
Machining
$
per machine hour
Inspections
$
per inspection
what is the overhead application rate for ordering and receiving? Current Attempt in Progress Tidwell Industries...
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...
Current Attempt in Progress Tidwell Industries has the following overhead costs and cost drivers. Direct labor...
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...
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...
what is the overhead application rate? Current Attempt in Progress Tidwell Industries has the following overhead...
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...
New Policies Current Attempt in Progress Randel Manufacturing has five activity cost pools and two products...
New Policies Current Attempt in Progress Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection Cost Driver Orders Setups Machine hours Parts Inspections Estimated Overhead $130,000 297,000 1,000,000 1,600,000 300,000 Cost Drivers by Product Budget Deluxe 600 400 500 400 150,000 100,000 1,200,000 800,000 550 450 Compute the overhead cost per unit for each product....
Question 5 0/5 View Policies Show Attempt History Current Attempt in Progress Schultz Electronics manufactures two...
Question 5 0/5 View Policies Show Attempt History Current Attempt in Progress Schultz Electronics manufactures two ultra high-definition television models: the Royale which sells for $1,580, and a new model, the Majestic, which sells for $1,320. The production cost computed per unit under traditional costing for each model in 2020 was as follows. Traditional Costing Direct materials Direct labor ($20 per hour) Manufacturing overhead ($42 per DLH) Total per unit cost Royale Majestic $650 $400 100 252 210 $1,022 $710...
Brief Exercise 4-5 $84,600, respectively. The cost driver for each activity and the estimated annual usage...
Brief Exercise 4-5 $84,600, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,800, machine hours 24,300, and number of inspections 1,800. Compute the overhead rate for each activity. Machine setupss Machining N8.sns Company identifestre ecthitr s oh asc manufe uring erocess: mactine sectuos, muchbnino, and inspections Ei bd anal veaheand olst for sc etivty 103016005413,100, and per setup per machine hour per inspection inspections Click if you would like to Show Work...
CALCULATOR PAINTER VERSION BACK NEXT Question 1 Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $205,900, $265,100, and $78,400, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,900, machine hours 24,100, and number of inspections 1,600 Compute the overhead rate for each activity. Machine setups $ per setup Machining $ per machine hour Inspections per inspection
Morgana Company identifies three activities in its manufacturing
process: machine setups, machining, and inspections. Estimated
annual overhead cost for each activity is $205,900, $411,200, and
$58,500, respectively. The cost driver for each activity and the
expected annual usage are number of setups 2,900, machine hours
25,700, and number of inspections 1,300.
Compute the overhead rate for each activity.
Machine setups
$
per setup
Machining
$
per machine hour
Inspections
$
per inspection
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...
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...
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...
New Policies Current Attempt in Progress Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection Cost Driver Orders Setups Machine hours Parts Inspections Estimated Overhead $130,000 297,000 1,000,000 1,600,000 300,000 Cost Drivers by Product Budget Deluxe 600 400 500 400 150,000 100,000 1,200,000 800,000 550 450 Compute the overhead cost per unit for each product....
Question 5 0/5 View Policies Show Attempt History Current Attempt in Progress Schultz Electronics manufactures two ultra high-definition television models: the Royale which sells for $1,580, and a new model, the Majestic, which sells for $1,320. The production cost computed per unit under traditional costing for each model in 2020 was as follows. Traditional Costing Direct materials Direct labor ($20 per hour) Manufacturing overhead ($42 per DLH) Total per unit cost Royale Majestic $650 $400 100 252 210 $1,022 $710...
Brief Exercise 4-5 $84,600, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,800, machine hours 24,300, and number of inspections 1,800. Compute the overhead rate for each activity. Machine setupss Machining N8.sns Company identifestre ecthitr s oh asc manufe uring erocess: mactine sectuos, muchbnino, and inspections Ei bd anal veaheand olst for sc etivty 103016005413,100, and per setup per machine hour per inspection inspections Click if you would like to Show Work...
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