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Jute Co. manufactures mid-range and high-end stereos. The costs and activities are as follows: Mid High...
Jones Corp. manufactures mid-fi and hi-fi stereo receivers. The following data have been summarized: (Click the...
Jones Corp. manufactures mid-fi and hi-fi stereo receivers. The following data have been summarized: (Click the icon to view the data.) The company plans to manufacture 100 units of the mid-fi receivers and 250 units of the hi-fi receivers. Calculate the product cost per unit for both products using activity-based costing. (Round your answers to the nearest cent.) Begin by selecting the formula to allocate overhead (OH) costs. Allocated mfg. overhead costs Compute the overhead costs allocated to Mid-Fi, and...
Activity-Based Product Costing Mello Manufacturing Company is a diversified manufacturer that manufactures three products (Alpha, Beta,...
Activity-Based Product Costing Mello Manufacturing Company is a diversified manufacturer that manufactures three products (Alpha, Beta, and Omega) in a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical activities of the organization as follows: Activity Activity Cost Pool Production $259,200 Setup 55,000 Materials handling 9,750 Inspection 60,000 Product engineering 123,200 Total $507,150 The activity bases identified for each activity are as...
Instructions Mello Manufacturing Company is a diversified manufacturer that manufactures three products (Alpha, Beta, and Omega)...
Instructions Mello Manufacturing Company is a diversified manufacturer that manufactures three products (Alpha, Beta, and Omega) in a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical activities of the organization as follows: 1 Activity Activity Cost Pool 2 Production $242,089.00 3 Setup 88,425.00 4. Material handling 9,253.00 5 Inspection 49,623.00 6 Product engineering 167,990.00 7 Total $557,380.00 Production Machine hours Setup...
Activity Rates and Product Costs using Activity-Based Costing Lonsdale Inc. manufactures entry and dining room lighting...
Activity Rates and Product Costs using Activity-Based Costing Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Budgeted Activity Activity Cost Activity Base Casting $238,510 Machine hours Assembly 200,940 Direct labor hours Inspecting 31,360 Number of inspections Setup 51,840 Number of setups Materials handling 35,200 Number of loads Corporate records were obtained to estimate the amount of activity...
Activity Rates and Product Costs using Activity-Based Costing Lonsdale Inc. manufactures entry and dining room lighting...
Activity Rates and Product Costs using Activity-Based Costing Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Budgeted Activity Cost Activity Base Activity Casting $233,280 Machine hours Assembly 188,360 Direct labor hours Inspecting Number of inspections Setup 30,520 48,320 39,950 Number of setups Materials handling Number of loads Corporate records were obtained to estimate the amount of activity...
Bramble, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range...
Bramble, Inc. manufactures two products: missile range
instruments and space pressure gauges. During April, 50 range
instruments and 200 pressure gauges were produced, and overhead
costs of $85,060 were estimated. An analysis of estimated overhead
costs reveals the following activities.
Activities
Cost Drivers
Total Cost
1.
Materials handling
Number of requisitions
$36,000
2.
Machine setups
Number of setups
26,265
3.
Quality inspections
Number of inspections
22,795
$85,060
The cost driver volume for each product was as follows.
Cost Drivers
Instruments...
The Leon Company manufactures Bows and Ties. The following shows the activities per product and total...
The Leon Company manufactures Bows and Ties. The following shows the activities per product and total activity information: Setups Inspections Assembly (DLH) Bows - 4,000 units 1 4 1 Activity Pool Budgeted Amount Activity Base Setups $60,000 20,000 Inspections $120,000 124.000 Assembly (DL Hrs) $420,000 28,000 Calculate the total factory overhead to be charged to each unit of Bows. Multiple Choice $16.67 $23.00 the total factory overhead to be charged to each unit of Bows. Multiple Choice $16.67 $23.00 $50.00...
Machine setups - $130 per setup Soldering -
Machine setups - $130 per setup Soldering - $2.25 per joint Quality control - $40 per inspection Shipments - $220 per shipment Purchase orders - $75 per order Machine related - $8 per machine hour Product X-20 Product Y-30 Expected Activity Amount of OH Expected Activity Amount of OH Machine setups xx setups $130,000 600 setups Quality control xx inspect 160,000 5,000 inspections Purchase orders xx orders 63,000 360 orders Soldering xx...
Air United, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range...
Air United, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and 200 pressure gauges were produced, and overhead costs of $83,160 were estimated. An analysis of estimated overhead costs reveals the following activities. Activities Cost Drivers Total Cost 1. Materials handling Number of requisitions $35,020 2. Machine setups Number of setups 27,560 3. Quality inspections Number of inspections 20,580 $83,160 The cost driver volume for each product was as follows. Cost Drivers...
Calculator Product Costs using Activity Rates Atlas Enterprises Inc, manufactures elliptical exercise machines and treadmills. The...
Calculator Product Costs using Activity Rates Atlas Enterprises Inc, manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities several other activities are required to produce the two products. These activities and their associated activity rates are as follows: Activity Activity Rate Fabrication $20 per machine hour Assembly $11 per direct labor hour Setup $55 per setup Inspecting $21 per inspection Production scheduling $12 per production order Purchasing...
Jones Corp. manufactures mid-fi and hi-fi stereo receivers. The following data have been summarized: (Click the icon to view the data.) The company plans to manufacture 100 units of the mid-fi receivers and 250 units of the hi-fi receivers. Calculate the product cost per unit for both products using activity-based costing. (Round your answers to the nearest cent.) Begin by selecting the formula to allocate overhead (OH) costs. Allocated mfg. overhead costs Compute the overhead costs allocated to Mid-Fi, and...
Instructions Mello Manufacturing Company is a diversified manufacturer that manufactures three products (Alpha, Beta, and Omega) in a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical activities of the organization as follows: 1 Activity Activity Cost Pool 2 Production $242,089.00 3 Setup 88,425.00 4. Material handling 9,253.00 5 Inspection 49,623.00 6 Product engineering 167,990.00 7 Total $557,380.00 Production Machine hours Setup...
Activity Rates and Product Costs using Activity-Based Costing Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Budgeted Activity Activity Cost Activity Base Casting $238,510 Machine hours Assembly 200,940 Direct labor hours Inspecting 31,360 Number of inspections Setup 51,840 Number of setups Materials handling 35,200 Number of loads Corporate records were obtained to estimate the amount of activity...
Activity Rates and Product Costs using Activity-Based Costing Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Budgeted Activity Cost Activity Base Activity Casting $233,280 Machine hours Assembly 188,360 Direct labor hours Inspecting Number of inspections Setup 30,520 48,320 39,950 Number of setups Materials handling Number of loads Corporate records were obtained to estimate the amount of activity...
Bramble, Inc. manufactures two products: missile range
instruments and space pressure gauges. During April, 50 range
instruments and 200 pressure gauges were produced, and overhead
costs of $85,060 were estimated. An analysis of estimated overhead
costs reveals the following activities.
Activities
Cost Drivers
Total Cost
1.
Materials handling
Number of requisitions
$36,000
2.
Machine setups
Number of setups
26,265
3.
Quality inspections
Number of inspections
22,795
$85,060
The cost driver volume for each product was as follows.
Cost Drivers
Instruments...
The Leon Company manufactures Bows and Ties. The following shows the activities per product and total activity information: Setups Inspections Assembly (DLH) Bows - 4,000 units 1 4 1 Activity Pool Budgeted Amount Activity Base Setups $60,000 20,000 Inspections $120,000 124.000 Assembly (DL Hrs) $420,000 28,000 Calculate the total factory overhead to be charged to each unit of Bows. Multiple Choice $16.67 $23.00 the total factory overhead to be charged to each unit of Bows. Multiple Choice $16.67 $23.00 $50.00...
Calculator Product Costs using Activity Rates Atlas Enterprises Inc, manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities several other activities are required to produce the two products. These activities and their associated activity rates are as follows: Activity Activity Rate Fabrication $20 per machine hour Assembly $11 per direct labor hour Setup $55 per setup Inspecting $21 per inspection Production scheduling $12 per production order Purchasing...
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