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ABC Company makes two products, fence panels & gates. Fence panels are made by Department F...
QUESTION 21 ABC Inc, makes two products, A and B. The company is currently assigning the...
QUESTION 21 ABC Inc, makes two products, A and B. The company is currently assigning the $1,200,000 of overhead costs to its products based on machine hours of the overhead, $480,000 is utilities related and the remainder is related to labor hours. The following information is also available: Product A Product B Number produced 250,000 750,000 Machine hours 60,000 30,000 50.000 25,000 Direct labor hours a. Determine the total overhead cost assigned to standard items and custom items using the...
Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has...
Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its owrn manager. Each responsibility performance report only includes those costs that the particular department manager can control: raw materials, wages, supplies used, and equipment depreciation. Actual Snowmobile Snowmobile ATV Combined Combined 20,300 $28,300 $ 48,600 32, 500 11,100 5,880 20,100 1,060 13,600 $54,520 $78, 320 $132,840 ATV Raw materials Employee wages Dept. manager salary Supplies used Depreciation-Equip Utilities Rent Totals $20,220$29,620 $ 49,840...
Finch Manufacturing Company uses two departments to make its products. Department I is a cutting department...
Finch Manufacturing Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department II, where they are assembled into finished goods. The assembly department is labor intensive and requires many workers to assemble parts into finished goods. The company's manufacturing facility incurs two significant overhead costs: employee fringe...
Alrex company is using an activity-based costing (ABC) system. The company produces and sells two products:...
Alrex company is using an activity-based costing (ABC) system. The company produces and sells two products: Basic and Pro. The company consists of two departments: Production (where all manufacturing activities are taken) and Marketing (which engages in selling and admin activity only). The ABC system includes in unit product costs all costs easily associated with units. In addition, in the ABC system, there are four major indirect activities: Machine Setups, Special Processing, Factory Supervision, and Customer Relation The prices, direct...
Campbell Manufacturing Company uses two departments to make its products. Department I is a cutting department...
Campbell Manufacturing Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department II, where they are assembled into finished goods. The assembly department is labor intensive and requires many workers to assemble parts into finished goods. The company’s manufacturing facility incurs two significant overhead costs: employee fringe...
High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company...
High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor-hours. At the beginning of the year, the company provided the following estimates: Department Molding Painting Direct labor-hours 34,000 51,400 Machine-hours...
High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company...
High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor-hours. At the beginning of the year, the company provided the following estimates: Department Molding Painting Direct labor-hours 33,000 55,900 Machine-hours...
High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company...
High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor-hours. At the beginning of the year, the company provided the following estimates: Department Molding Painting Direct labor-hours 30,500 51,400 Machine-hours...
High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company...
High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor-hours. At the beginning of the year, the company provided the following estimates: Department Molding Painting Direct labor-hours 34,000 53,900 Machine-hours...
two ABC Mini-Cases #1: Toy Factory A toy factory produces two types of products, robots and...
two ABC Mini-Cases #1: Toy Factory A toy factory produces two types of products, robots and race cars. Production takes place departments, molding (where plastic components are produced) and assembly (where the components are joined together). Exhibit A: Departmental Data II. Departmental Data (expected and actual) Molding Assembly Total Text 5,000 5,000 10,000 5,000 35,000 40,000 10,000 40,000 50,000 Direct labor hours: Robots Race cars Total Machine hours: Robots Race cars Total Overhead costs: Machining Moving materials Setting up Inspecting...
QUESTION 21 ABC Inc, makes two products, A and B. The company is currently assigning the $1,200,000 of overhead costs to its products based on machine hours of the overhead, $480,000 is utilities related and the remainder is related to labor hours. The following information is also available: Product A Product B Number produced 250,000 750,000 Machine hours 60,000 30,000 50.000 25,000 Direct labor hours a. Determine the total overhead cost assigned to standard items and custom items using the...
Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its owrn manager. Each responsibility performance report only includes those costs that the particular department manager can control: raw materials, wages, supplies used, and equipment depreciation. Actual Snowmobile Snowmobile ATV Combined Combined 20,300 $28,300 $ 48,600 32, 500 11,100 5,880 20,100 1,060 13,600 $54,520 $78, 320 $132,840 ATV Raw materials Employee wages Dept. manager salary Supplies used Depreciation-Equip Utilities Rent Totals $20,220$29,620 $ 49,840...
Finch Manufacturing Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department II, where they are assembled into finished goods. The assembly department is labor intensive and requires many workers to assemble parts into finished goods. The company's manufacturing facility incurs two significant overhead costs: employee fringe...
Alrex company is using an activity-based costing (ABC) system. The company produces and sells two products: Basic and Pro. The company consists of two departments: Production (where all manufacturing activities are taken) and Marketing (which engages in selling and admin activity only). The ABC system includes in unit product costs all costs easily associated with units. In addition, in the ABC system, there are four major indirect activities: Machine Setups, Special Processing, Factory Supervision, and Customer Relation The prices, direct...
two ABC Mini-Cases #1: Toy Factory A toy factory produces two types of products, robots and race cars. Production takes place departments, molding (where plastic components are produced) and assembly (where the components are joined together). Exhibit A: Departmental Data II. Departmental Data (expected and actual) Molding Assembly Total Text 5,000 5,000 10,000 5,000 35,000 40,000 10,000 40,000 50,000 Direct labor hours: Robots Race cars Total Machine hours: Robots Race cars Total Overhead costs: Machining Moving materials Setting up Inspecting...
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