Question

X Company uses an activity-based costing overhead allocation system. It has identified three activities - Setup, Purchasing M
0 0
Add a comment Improve this question Transcribed image text
Answer #1

(a) Computation of Cost Driver rate Activity Cost of Activity Cost Driver Total of Cost Driver (b) Setup 100,000 Setup Hours

Cost Driver Cost Allocation Statement of Product X Total Cost Driver for Product x Cost Driver Rate (p) (9) 29,100 54,600 0.0

Therefore, overhead allocated to Product X in 2018 is $10,467.00

Add a comment
Know the answer?
Add Answer to:
X Company uses an activity-based costing overhead allocation system. It has identified three activities - Setup,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • X Company uses an activity-based costing overhead allocation system. It has identified three activities and three...

    X Company uses an activity-based costing overhead allocation system. It has identified three activities and three cost drivers. The activities and budgeted costs are as follows Activity Budgeted Cost Setup $106,000 Purchasing Machine Maintenance $55,000 $58,000 The following cost driver information is available for the company's only two products, A a nd B Cost Driver Product A Product B 31,600 74,400 setup hours purchase orders 53,200 37,400 machine hours 70,500 52,900 How much overhead was allocated to Product A? (round...

  • X Company uses an activity-based costing overhead allocation system. It has identified three activities and three...

    X Company uses an activity-based costing overhead allocation system. It has identified three activities and three cost drivers. The activities and budgeted costs are as follows: Activity Budgeted Cost Setup $112,000       Purchasing $58,000       Machine Maintenance $55,000       The following cost driver information is available for the company's only two products, A and B: Cost Driver Product A Product B setup hours 32,100     76,600     purchase orders 51,000     40,100     machine hours 69,900     50,600     How much overhead was allocated to Product A? (round overhead...

  • X Company makes two products, A and B, and uses an activity-based costing overhead allocation system,...

    X Company makes two products, A and B, and uses an activity-based costing overhead allocation system, with three cost pools and three cost drivers. Budgeted costs and driver information for 2020 were as follows: Cost Pool 1 $108,000 Cost Pool 2 $53,000 Cost Pool 3 $32,000 Budgeted costs Cost Drivers Product A 84,700 63,200 59,100 47,800 66,600 49,900 Product B What will the allocation to Product B be? [round overhead rate(s) to two decimal places]. 69753.45 Submit Answer Incorrect. Tries...

  • 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...

  • X Company makes two products, A and B, and uses an activity-based costing overhead allocation system,...

    X Company makes two products, A and B, and uses an activity-based costing overhead allocation system, with three cost pools and three cost drivers. Budgeted costs and driver information for 2020 were as follows: Cost Pool 1 $100,000 Cost Pool 2 $54,000 Cost Pool 3 $26,000 - Budgeted costs Cost Drivers Product A Product B = 78,600 63,800 57,900 49,300 67,200 53,400 What will the allocation to Product A be? [round overhead rate(s) to two decimal places]. Submit Answer Tries...

  • X Company makes two products, A and B, and uses an activity-based costing overhead allocation system,...

    X Company makes two products, A and B, and uses an activity-based costing overhead allocation system, with three cost pools and three cost drivers. Budgeted costs and driver information for 2020 were as follows: Cost Pool 1 Cost Pool 2 Cost Pool 3 $105,000 $57,000 $31,000 Budgeted costs Cost Drivers Product A 82,700 73,500 62,200 51,700 63,800 46,300 Product B What will the allocation to Product A be? [round overhead rate(s) to two decimal places]. Submit Answer Tries 0/3

  • X Company makes two products, A and B, and uses an activity-based costing overhead allocation system,...

    X Company makes two products, A and B, and uses an activity-based costing overhead allocation system, with three cost pools and three cost drivers. Budgeted costs and driver information for 2020 were as follows: Cost Pool 1 $113,000 Cost Pool 2 $50,000 Cost Pool 3 $31,000 Budgeted costs Cost Drivers Product A Product B 77,700 72,000 55,700 51,800 65,000 45,400 What will the allocation to Product A be? [round overhead rate(s) to two decimal places]. Submit Answer Tries 0/3

  • 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...

  • oinpany has two production departments. A and B At the start of 2018, the following budgeted...

    oinpany has two production departments. A and B At the start of 2018, the following budgeted able: he start of 2018, the following budgeted cost information Overhead Department A $260,000 Department B $210,000 ving activity information is for X Company's only two jobs, I during the year: is for X Company's only two jobs. Job 11 and Job 22, both of which were started and Job 11 Job 22 Direct labor hours in Department A 1,646 660 Direct labor hours...

  • X Company makes two products, A and B, and uses an activity-based costing overhead allocation system,...

    X Company makes two products, A and B, and uses an activity-based costing overhead allocation system, with three cost pools and three cost drivers. Budgeted costs and driver information for 2020 were as follows: Cost Pool 1 Cost Pool 3 Cost Pool 2 $54,000 $109,000 $28,000 Budgeted costs Cost Drivers = = Product A 82,400 68,500 61,600 48,500 68,000 51,100 Product B What will the allocation to Product B be? [round overhead rate(s) to two decimal places].

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT