Homework Answers
| Production Depretment rate = Estimated Overheads/Labor hours | ||
| Cutting | 52.5 | per hour |
| Finishing | 90 | per hour |
| 2.Allocated = Rate*Labor hours | ||
| Total factory overhead | Factory overhead per unit | |
| Snowboards | 390000 | 65 |
| Skis | 465000 | 77.5 |
| Activity rate = Estimated overheads/Estimated Activity | ||
| Production Control | 474 | per run |
| Material Handling | 36 | per move |
| Cutting Department | 26 | per dlh |
| Finishing Department | 32 | per dlh |
| Total factory overhead | Factory overhead per unit | |
| Snowboards | 551820 | 91.97 |
| Skis | 303180 | 50.53 |
| Snowboards consume more overheads | ||
| Plantwide method does not show this/traditional method | ||
| ABC method |
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hours. The total indirect labor is budgeted to be $504,000.
Time records from indirect labor employees revealed that they
spent 60% of their time setting up production runs and 40% of their
time supporting actual production.
The...
Activity-based and department rate product costing and product cost distortions Instructions Amount Descriptions Factory Overhead Rates Factory Overhead Costs Instructors Black and Sue Sports Inc. manufactures two products onboards and is the factory overhead incurred is as follows: 1 Indirect labor 350700 15600000 Cutting Department 3 Finishing Department 19200000 S855000.00 The activity base associated with the two production departments is direct labor hours. The Indirect labor can be assigned to two different activities as follows: Activity Base Budgeted Activity Cost...
3. Determine the activity rates, assuming that the indirect labor is associated with activities rather than with the production departments. Round per unit amounts to the nearest whole cent. Activity Activity Rate Production Control $ 474 per prod. run Materials Handling $ 36 per move Cutting Department $ 26 per dih Finishing Department 32 per dih 4. Determine the total and per-unit cost assigned to each product under activity-based costing. Round the per unit amounts to the nearest whole cent....
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Activity-Based Costing and Product Cost Distortion
Digital Storage Concept Inc. is considering a change to
activity-based product costing. The company produces two products,
cell phones and tablet PCs, in a single production department. The
production department is estimated to require 4,000 direct labor
hours. The total indirect labor is budgeted to be $504,000.
Time records from indirect labor employees revealed that they
spent 60% of their time setting up production runs and 40% of their
time supporting actual production.
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