Homework Answers
|
a |
Activity cost pool |
Est overhead (A) |
Total of cost Drivers(B) |
cost per Activity |
|
Ordering and receiving |
130000 |
1000 |
$ 130.00 per order |
|
|
Machine set up |
297000 |
900 |
$ 330.00 per setup |
|
|
machining |
1000000 |
250000 |
$ 4.00 per machine hour |
|
|
assembly |
1600000 |
2000000 |
$ 0.80 per part |
|
|
Inspection |
300000 |
1000 |
$ 300.00 per inspection |
|
Activity cost pool |
Cost per Activity(As per above table) |
Overhead cost (Cost per Activity*Respective Cost Drivers) |
overhead cost (Cost per Activity*Respective Cost Drivers) |
|
Budget |
Delux |
||
|
Ordering and receiving |
$130.00 |
$78,000 |
$ 52,000 |
|
Machine set up |
$330.00 |
$165,000 |
$ 132,000 |
|
machining |
$4.00 |
$600,000 |
$ 400,000 |
|
assembly |
$0.80 |
$960,000 |
$ 640,000 |
|
Inspection |
$300 |
$165,000 |
$ 135,000 |
|
Total overhead cost |
$1,968,000 |
$1,359,000 |
|
|
Units |
700,000 |
200,000 |
|
|
Overhead cost per unit |
$2.81 |
$6.80 |
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Section 4: Ortiz Manufacturing has five activity cost pools and two products (a budget tape vacuum...
Question 2 Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum...
Question 2 Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pool Ordering and Receiving Machine Setup Cost Driver Orders Setups Machine hours Parts Inspections Estimated Overhead $130,000 297,000 1,000,000 1,600,000 300,000 Cost Drivers by Product Budget Deluxe 600 400 500 400 150,000 100,000 1,200,000 800,000 550 450 Machining Assembly Inspection Compute the overhead cost per unit for each product. Production is 700,000 units...
Current Attempt in Progress Randel Manufacturing has five activity cost pools and two products (a budget...
Current Attempt in Progress Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection Cost Driver Orders Setups Machine hours Parts Inspections Estimated Overhead $130,000 297,000 1,000,000 1,600,000 300,000 Cost Drivers by Product Budget Deluxe 600 400 500 400 150,000 100,000 1,200,000 800,000 550 450 Compute the overhead cost per unit for each product. Production is...
Q2. ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a...
Q2. ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a deluxe vacuum). Information is presented below cost driver by product Activity cost pool Cost driver Est. Overhead Budget Deluxe 400 Ordering & receiving Machine set up Machining Assembly Inspection Orders Set up Machine hours Parts Inspection 130,000 297,000 1,000,000 1,600,000 300,000 600 500 150,000 1,200,000 300,000 400 100,000 800,000 450 Instructions: Compute the overhead cost per unit for each product. Production is 700,000 units...
ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a deluxe...
ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a deluxe vacuum). Information is presented below cost driver by product Activity cost pool Cost driver Est. Overhead Budget Deluxe 400 Ordering & receiving Machine set up Machining Assembly Inspection Orders Set up Machine hours Parts Inspection 130,000 297,000 1,000,000 1,600,000 300,000 600 500 150,000 1,200,000 550 400 100,000 800,000 450 Instructions: Compute the overhead cost per unit for each product. Production is 700,000 units of...
New Policies Current Attempt in Progress Randel Manufacturing has five activity cost pools and two products...
New Policies Current Attempt in Progress Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection Cost Driver Orders Setups Machine hours Parts Inspections Estimated Overhead $130,000 297,000 1,000,000 1,600,000 300,000 Cost Drivers by Product Budget Deluxe 600 400 500 400 150,000 100,000 1,200,000 800,000 550 450 Compute the overhead cost per unit for each product....
Question 33 Vid-saver, Inc. has five activity cost pools and two products (a budget tape rewinder...
Question 33 Vid-saver, Inc. has five activity cost pools and two products (a budget tape rewinder and a deluxe tape rewinder). Information is presented below Cost Drivers by Product Budget Deluxe Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly inspection Cost Driver Orders Setups Machine hours Parts Inspections Est. Overhead $ 110,000 297.000 1,000,000 1,200,000 300,000 500 150.000 1.200,000 550 100.000 800.000 450 Instructions Compute the overhead cost per unit for each product Production is 700,000 units of...
accounting
Blue Spruce Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below:Est. Use of Cost DriversActivity Cost PoolsCost DriverEst. OverheadBudgetDeluxeOrdering and ReceivingOrders$154,000600400Machine SetupSetups321,300500400MachiningMachine hours1,033,000150,000100,000AssemblyParts1,634,0001,200,000800,000InspectionInspections324,000550450Compute the overhead cost per unit for each product. Production is 700,000 units of Budget and 200,000 units of Deluxe. (Round per machine hour and per part values to 3 decimal places, e.g. 52.711. Round overhead cost per unit to 2 decimal places, e.g. 12.25 and cost assigned to 0 decimal...
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....
x Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated...
x 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 activity-based costing, the overhead application rate for ordering and receiving is Selected Answer: A....
QUESTION 19 Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are...
QUESTION 19 Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year Activity Cost Cost Driver Pool Ordering and Orders Receiving Machine Setup Setups Machining Assembly Inspection Cost Driver Activity Est. Overhead $120,000 500 orders 450 setups 1,500,000 125,000 MH 1,200,000 1,000,000 parts 500 inspections 297,000 Machine hours Parts |Inspections 300,000 If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is $1.20 per direct...
Question 2 Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pool Ordering and Receiving Machine Setup Cost Driver Orders Setups Machine hours Parts Inspections Estimated Overhead $130,000 297,000 1,000,000 1,600,000 300,000 Cost Drivers by Product Budget Deluxe 600 400 500 400 150,000 100,000 1,200,000 800,000 550 450 Machining Assembly Inspection Compute the overhead cost per unit for each product. Production is 700,000 units...
Current Attempt in Progress Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection Cost Driver Orders Setups Machine hours Parts Inspections Estimated Overhead $130,000 297,000 1,000,000 1,600,000 300,000 Cost Drivers by Product Budget Deluxe 600 400 500 400 150,000 100,000 1,200,000 800,000 550 450 Compute the overhead cost per unit for each product. Production is...
Q2. ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a deluxe vacuum). Information is presented below cost driver by product Activity cost pool Cost driver Est. Overhead Budget Deluxe 400 Ordering & receiving Machine set up Machining Assembly Inspection Orders Set up Machine hours Parts Inspection 130,000 297,000 1,000,000 1,600,000 300,000 600 500 150,000 1,200,000 300,000 400 100,000 800,000 450 Instructions: Compute the overhead cost per unit for each product. Production is 700,000 units...
ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a deluxe vacuum). Information is presented below cost driver by product Activity cost pool Cost driver Est. Overhead Budget Deluxe 400 Ordering & receiving Machine set up Machining Assembly Inspection Orders Set up Machine hours Parts Inspection 130,000 297,000 1,000,000 1,600,000 300,000 600 500 150,000 1,200,000 550 400 100,000 800,000 450 Instructions: Compute the overhead cost per unit for each product. Production is 700,000 units of...
New Policies Current Attempt in Progress Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection Cost Driver Orders Setups Machine hours Parts Inspections Estimated Overhead $130,000 297,000 1,000,000 1,600,000 300,000 Cost Drivers by Product Budget Deluxe 600 400 500 400 150,000 100,000 1,200,000 800,000 550 450 Compute the overhead cost per unit for each product....
Question 33 Vid-saver, Inc. has five activity cost pools and two products (a budget tape rewinder and a deluxe tape rewinder). Information is presented below Cost Drivers by Product Budget Deluxe Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly inspection Cost Driver Orders Setups Machine hours Parts Inspections Est. Overhead $ 110,000 297.000 1,000,000 1,200,000 300,000 500 150.000 1.200,000 550 100.000 800.000 450 Instructions Compute the overhead cost per unit for each product Production is 700,000 units of...
x 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 activity-based costing, the overhead application rate for ordering and receiving is Selected Answer: A....
QUESTION 19 Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year Activity Cost Cost Driver Pool Ordering and Orders Receiving Machine Setup Setups Machining Assembly Inspection Cost Driver Activity Est. Overhead $120,000 500 orders 450 setups 1,500,000 125,000 MH 1,200,000 1,000,000 parts 500 inspections 297,000 Machine hours Parts |Inspections 300,000 If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is $1.20 per direct...
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