Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same...

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Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the cur Rounded Edge Squared Edge Total Direct materials ...... Direct labor ....... Overhead (300% of direct labor cost) .... Total

Glassworkss controller wishes to apply activity-based costing (ABC) to allocate the $108,000 of overhead costs incurred by t Overhead Cost Category (Activity Cost Pool) Cost Supervision .. Depreciation of machinery. Assembly line preparation ..... To

She has also collected the following information about the cost drivers for each category (cost pool) and the amount of each Overhead Cost Category (Activity Cost Pool) Usage Squared Edge Driver Rounded Edge Total Supervision ..................... De

Required 1. Assign these three overhead cost pools to each of the two products using ABC. 2. Determine average cost per foot Required: 1. Assign these three overhead cost pools to each of the two products using ABC. Overhead Cost Activity Drivers Act

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Answer 1

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From the information given in the problem, I have solved Allocation of overhead cost and calculation of average cost per foot using ABC.

A E H K Activity Rate 15% 28.30 Activity driver incurred Overhead assigned 12200 Direct labor cost 1830 500 Machine hours 141

2.Determination of the average cost per foot for each of the product using ABC. Total 62200 36000 108000 Rounded edge Squared

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Answer 2

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Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same...

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