Homework Answers
| a) | Activity | Total Overheads | Estimated Activity Level | Rate Per Activity | |
| Machining | $ 59,784 | 11280 | $ 5.30 | per MH | |
| Setting up | $ 89,241 | 1970 | $ 45.30 | Per Batch | |
| b) | Allocation of overhead to product K0 | ||||
| Activity | Rate Per Activity | Activity Level | Total Overhead | ||
| a | b | c | d=b*c | ||
| Machining | $ 5.30 | 2850 | $ 15,105 | ||
| Setting up | $ 45.30 | 1610 | $ 72,933 | ||
| Total | $ 88,038 | ||||
| Allocation of overhead to product W9 | |||||
| Activity | Rate Per Activity | Activity Level | Total Overhead | ||
| a | b | c | d=b*c | ||
| Machining | $ 5.30 | 8430 | $ 44,679 | ||
| Setting up | $ 45.30 | 360 | $ 16,308 | ||
| Total | $ 88,038 | ||||
| c) | Product margin for each product | ||||
| Product K0 | Product W9 | ||||
| Sales | 277000 | 220000 | |||
| Direct Materials | 80000 | 88500 | |||
| Direct Labor | 91700 | 65600 | |||
| Overhead cost | 88038 | 88038 | |||
| Product Margin | 17262 | -22138 | |||
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TB Problem Qu. 7-203 Greife Corporation's activity-based costing ... Greife Corporation's activity-based costing system has three...
Greife Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The...
Greife Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $77,832 $95,800 $ 22,500 Costs in the Machining cost pool are assigned to products based on machine-hours (MHS) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. The...
Greife Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's...
Greife Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining $ 47,250 Setting Up $ 125,354 Other $ 21,600 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to...
Greife Corporation's activity-based costing system has three activity cost pools --Machining, Setting Up, and Other. The...
Greife Corporation's activity-based costing system has three activity cost pools --Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $ 47,300 $100,738 $ 16,500 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to...
Greife Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's...
Greife Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $90,138 $75,651 $25,400 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. The following...
Greife Corporation's activity-based costing system has three activity cost pools-Machining, Setting Up, and Other. The company's...
Greife Corporation's activity-based costing system has three activity cost pools-Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up $56,754 $81,016 $18,900 Other Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. The following...
3. (7 points) Griffin Corporation's activity-based costing system has three activity cost pools-- Machining, Setting Up...
3. (7 points) Griffin Corporation's activity-based costing system has three activity cost pools-- Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $ 41,200 9,000 $ 33,800 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are...
Greite Corporation's activity based costing system has three activity cost pools Machining, Setting Up and Other....
Greite Corporation's activity based costing system has three activity cost pools Machining, Setting Up and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $15, 2ee $44,888 $16, eee Costs in the Machining cost pool are assigned to products based on machine hours (MHS) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not...
3. Hugle Corporation's activity-based costing system has three activity cost pools-Machining, Setting Up, and Other. The...
3. Hugle Corporation's activity-based costing system has three activity cost pools-Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining....... Setting Up.... Other ................. $15,200 $44,800 16,000 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products....
Howell Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's...
Howell Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs, which consist of equipment depreciation and indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources Equipment depreciation (total) Indirect labor (total) $32,300 $7.250 Distribution of Resource Consumption Across Activity Cost Pools Machining Setting up Equipment depreciation ceciation 0.50 0.30 0.30 Indirect labor other 0.30 0.20 Costs in the Machining cost pool are assigned...
Howell Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's...
Howell Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs, which consist of equipment depreciation and Indirect labor, are allocated to the cost pools In prop cost pools' consumption of resources. Equipment depreciation (total) Indirect labor (total) $ 34,400 $ 7,730 Distribution of Resource Consumption Across Activity Cost Pools Equipment depreciation Indirect labor Machining 2.30 2.40 Setting Up 2.30 0.28 Other 0.40 0.40 Costs in the Machining cost pool are assigned to...
Greife Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $77,832 $95,800 $ 22,500 Costs in the Machining cost pool are assigned to products based on machine-hours (MHS) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. The...
Greife Corporation's activity-based costing system has three activity cost pools --Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $ 47,300 $100,738 $ 16,500 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to...
Greife Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $90,138 $75,651 $25,400 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. The following...
Greife Corporation's activity-based costing system has three activity cost pools-Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up $56,754 $81,016 $18,900 Other Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. The following...
3. (7 points) Griffin Corporation's activity-based costing system has three activity cost pools-- Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $ 41,200 9,000 $ 33,800 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are...
Greite Corporation's activity based costing system has three activity cost pools Machining, Setting Up and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $15, 2ee $44,888 $16, eee Costs in the Machining cost pool are assigned to products based on machine hours (MHS) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not...
3. Hugle Corporation's activity-based costing system has three activity cost pools-Machining, Setting Up, and Other. The company's overhead costs have already been allocated to these cost pools as follows: Machining....... Setting Up.... Other ................. $15,200 $44,800 16,000 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products....
Howell Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs, which consist of equipment depreciation and indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources Equipment depreciation (total) Indirect labor (total) $32,300 $7.250 Distribution of Resource Consumption Across Activity Cost Pools Machining Setting up Equipment depreciation ceciation 0.50 0.30 0.30 Indirect labor other 0.30 0.20 Costs in the Machining cost pool are assigned...
Howell Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs, which consist of equipment depreciation and Indirect labor, are allocated to the cost pools In prop cost pools' consumption of resources. Equipment depreciation (total) Indirect labor (total) $ 34,400 $ 7,730 Distribution of Resource Consumption Across Activity Cost Pools Equipment depreciation Indirect labor Machining 2.30 2.40 Setting Up 2.30 0.28 Other 0.40 0.40 Costs in the Machining cost pool are assigned to...
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