Homework Answers
1. Activity-Based costing
Total activity based cost = 1*$8.10( guest check in) + 4*$22(room cleaning) + 7*$5(meal service)
= $8.10+$88+$35
=$131.1
2.
a. Calculation of Factory overhead rate
Rate = Total budget Factory overhead/ Total budget allocation base
Total budget Factory overhead= $31,360+$78,400+$7,840+$35,400 =$153,000.
Total budget allocation base =
4,000×0.20 =800
5,000×0.15 = 750
2,500×0.40 = 1,000
Total =2,550
Rate= $153,000/2,550
=$60.
b.
| Total factory overhead | Per case Factory overhead | |
| Tortilla chips | $48,000 | $12 |
| Potato chips | $45,000 | $9 |
| Pretzels | $60,000 | $24 |
| Total | $153,000 |
Explanation:
Overhead required rate (a) × process hours for each product = Overhead for each
60×0.20= 12
60×0.15= 9
60×0.40= 24
Total fixed overhead=
4,000×12 =$48,000
5,000×9 =$45,000
2,500×24 =$60,000
_____×_____
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eBook Calculator Single Plantwide Factory Overhead Rate Salty Sensations Snacks Company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the following costs for the upcoming period: Factory depreciation $ 31,360 Indirect labor 78,400 Factory electricity 7,840 Indirect materials 35,400 Selling expenses 25,000 Administrative expenses 18,000 $196,000 Total costs Factory overhead is allocated to the three products on the basis of processing hours. The products had the following production budget and processing hours...
Single Plantwide Factory Overhead Rate Salty Sensations Snacks Company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the following costs for the upcoming period: Factory depreciation $18,779 Indirect labor 46,539 Factory electricity 5,307 Indirect materials 11,023 Selling expenses 26,127 Administrative expenses 14,697 Total costs $122,472 Factory overhead is allocated to the three products on the basis of processing hours. The products had the following production budget and processing hours per case: Budgeted...
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Single Plantwide Factory Overhead Rate Salty Sensations Snacks Company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the following costs for the upcoming period: Factory depreciation $23,909 Indirect labor 59,251 Factory electricity Indirect materials Selling expenses Administrative expenses 6,757 14,033 33,264 18,711 Total costs $155,925 Factory overhead is allocated to the three products on the basis of processing hours. The products had the following production budget and processing hours per case: Budgeted...
Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the following costs for the upcoming period: Factory depreciation $10,632 Indirect labor 26,348 Factory electricity 3,005 Indirect materials 6,239 Selling expenses 14,792 Administrative expenses 8,320 Total costs $69,336 Factory overhead is allocated to the three products on the basis of processing hours. The products had the following production budget and processing hours per case: Budgeted Volume...
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