Homework Answers
| Answer | ||
| Option D is correct : $ 16.40 | ||
| Cost Pool | Activity rate | |
| Purchase orders | 1140 | 22800/20 |
| Machine setups | 400 | 40000/100 |
| Electricity | 1 | 26000/26000 |
| Cost Pool | Job M2 | |
| Purchase orders | $ 11,400 | 10*1140 |
| Machine setups | $ 4,000 | 10*400 |
| Electricity | $ 1,000 | 1000*1 |
| Total overhead cost | $ 16,400 | |
| Divide by Units | 1000 | |
| Overhead cost per unit | 16.4 | |
| . | ||
| Option D is correct : $ 16.40 | ||
| Please like | ||
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Wang Company has established the following overhead cost pools and cost drivers for the month of...
ng Company has established the following overhead cost pools and cost drivers for the month of...
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Bonita Inc. has identified the following overhead costs and cost drivers for next year. Overhead Item...
Bonita Inc. has identified the following overhead costs and cost
drivers for next year.
Overhead
Item
Expected
Cost
Cost
Driver
Expected
Actual Transactions
Setup costs
$87,912
No. of setups
396
Ordering costs
46,800
No. of orders
3,900
Maintenance costs
125,000
Machine hours
25,000
Power
26,495
Kilowatt hours
75,700
The following are two of the jobs completed during the
year:
Job 700
Job 701
Direct materials
$1,200
$600
Direct labour
$890
$420
Units completed
250
100
Direct labour hours
40
20...
Orange, Inc. has identified the following cost drivers for its expected overhead costs for the Cost...
Orange, Inc. has identified the following cost drivers for its expected overhead costs for the Cost Pools Setup Ordering Maintenance Power Budgeted Cost $70,000 35,000 87,500 17,500 Cost Driver Number of setups Number of orders Machine hours Kilowatt hours Cost Driver Level 350 1,750 8,750 17,500 Total direct labor hours budgeted = 3,500 hours. The following data applies to Product X, one of the products completed during the year. Direct materials Direct labor Units completed Direct labor hours Number of...
Orange, Inc. has identified the following cost drivers for its expected overhead costs for the year:...
Orange, Inc. has identified the following cost drivers for its expected overhead costs for the year: Cost Pools Budgeted Cost Cost Driver Cost Driver Level Setup $ 220,000 Number of setups 1,100 Ordering 110,000 Number of orders 5,500 Maintenance 275,000 Machine hours 27,500 Power 55,000 Kilowatt hours 55,000 Total direct labor hours budgeted = 11,000 hours. The following data applies to Product X, one of the products completed during the year. Direct materials $ 5,500 Direct labor $ 6,600 Units...
Orange, Inc. has identified the following cost drivers for its expected overhead costs for the year:...
Orange, Inc. has identified the following cost drivers for its expected overhead costs for the year: Expected Quantity 250 1,500 2,000 4,000 Expected Cost Overhead Item Cost Driver $ 59,500 Number of setups Setup costs Ordering costs Maintenance Power Total Overhead 49,000 Number of orders 138,000 Machine hours 29,500 Kilowatt hours $ 276,000 Total direct labor hours budgeted - 2,000 hours The following actual data applies to one of the products completed during the year: Product X Direct materials Direct...
Orange, Inc. has identified the following cost drivers for its expected overhead costs for the year:...
Orange, Inc. has identified the following cost drivers for its expected overhead costs for the year: Cost Pools Budgeted Cost Cost Driver Cost Driver Level Setup $ 61,000 Number of setups 305 Ordering 30,500 Number of orders 1,525 Maintenance 76,250 Machine hours 7,625 Power 15,250 Kilowatt hours 15,250 Total direct labor hours budgeted = 3,050 hours. The following data applies to Product X, one of the products completed during the year. Direct materials $ 1,525 Direct labor $ 1,830 Units...
Problem 2 The controller for the XZY Company has established the following overhead pools and cost...
Problem 2 The controller for the XZY Company has established the following overhead pools and cost drivers: Overhead Cost Pool Budgeted Overhead Cost Cost Driver Machine setups $100,000 Number of setups Material Handling $50,000 Units of Raw Material Quality control inspections $37,500 Number of Inspections Other overhead costs $100,000 Machine Hours Overhead Cost Pool Budgeted Level for Cost Driver Pool Overhead Rate Machine setups 100 setups $1,000 per setup Material Handling 50,000 units $1 per unit Quality control inspections 1,000...
The controller for Tulsa Medical Supply Company has established the following activity cost pools and cost drivers....
The controller for Tulsa Medical Supply Company has established the following activity cost pools and cost drivers. Activity Cost Pool Budgeted Overhead Cost Cost Driver Budgeted Level for Cost Driver Pool Rate Machine setups $ 250,000 Number of setups 125 $ 2,000 per setup Material handling 75,000 Weight of raw material 37,500 lb. $ 2 per pound Hazardous waste control 25,000 Weight of hazardous chemicals used 5,000 lb. $ 5 per pound Quality control 75,000 Number of inspections 1,000 $...
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at...
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 120,000 500 orders Machine Setup Setups 297,000 450 setups Machining Machine hours 1,500,000 125,000 MH Assembly Parts 1,200,000 1,000,000 parts Inspection Inspections 300,000 500 inspections If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is $15.00. $34.17. $9.60....
3. The controller for Mitchell Supply Company has established the following overhead cost pools and cost...
3. The controller for Mitchell Supply Company has established the following overhead cost pools and cost drivers: Overhead Cost Pool Machine setup Material handling Budgeted Overhead Cost $150,000 52,500 Cost Driver Number of setups Units of raw material Number of inspections Machine hours Quality control inspectiorn Other overhead costs Total 37,500 90,000 330000 Requirements of Order no.610 5 setup 10,000 per unit Budgeted Level For Cost Driver Overhead Cost Pool Machine setup Material handling Quality control Other overhead 100 setups...
Bonita Inc. has identified the following overhead costs and cost
drivers for next year.
Overhead
Item
Expected
Cost
Cost
Driver
Expected
Actual Transactions
Setup costs
$87,912
No. of setups
396
Ordering costs
46,800
No. of orders
3,900
Maintenance costs
125,000
Machine hours
25,000
Power
26,495
Kilowatt hours
75,700
The following are two of the jobs completed during the
year:
Job 700
Job 701
Direct materials
$1,200
$600
Direct labour
$890
$420
Units completed
250
100
Direct labour hours
40
20...
Orange, Inc. has identified the following cost drivers for its expected overhead costs for the Cost Pools Setup Ordering Maintenance Power Budgeted Cost $70,000 35,000 87,500 17,500 Cost Driver Number of setups Number of orders Machine hours Kilowatt hours Cost Driver Level 350 1,750 8,750 17,500 Total direct labor hours budgeted = 3,500 hours. The following data applies to Product X, one of the products completed during the year. Direct materials Direct labor Units completed Direct labor hours Number of...
Orange, Inc. has identified the following cost drivers for its expected overhead costs for the year: Expected Quantity 250 1,500 2,000 4,000 Expected Cost Overhead Item Cost Driver $ 59,500 Number of setups Setup costs Ordering costs Maintenance Power Total Overhead 49,000 Number of orders 138,000 Machine hours 29,500 Kilowatt hours $ 276,000 Total direct labor hours budgeted - 2,000 hours The following actual data applies to one of the products completed during the year: Product X Direct materials Direct...
3. The controller for Mitchell Supply Company has established the following overhead cost pools and cost drivers: Overhead Cost Pool Machine setup Material handling Budgeted Overhead Cost $150,000 52,500 Cost Driver Number of setups Units of raw material Number of inspections Machine hours Quality control inspectiorn Other overhead costs Total 37,500 90,000 330000 Requirements of Order no.610 5 setup 10,000 per unit Budgeted Level For Cost Driver Overhead Cost Pool Machine setup Material handling Quality control Other overhead 100 setups...
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