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Question XYZ Company uses the formula y = a + bx to predict and analyze overhead...
XYZ Company uses the formula y = a +bX to predict and analyze overhead costs. In...
XYZ Company uses the formula y = a +bX to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for consideration: Month Machine Hours Overhead Costs 453 $2,579 478 $3,073 397 $2,432 490 $2,820...
Question 14 z Company uses the formula y-a + bX to predict and analyze overhead costs....
Question 14 z Company uses the formula y-a + bX to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for Month Machine Hours Overhead Costs 432 468 394 483 $2,646 3,089 2,476 $2,903...
Please answer properly thanks Question 7 XYZ Company uses the formula y = a + bx...
Please answer properly thanks
Question 7 XYZ Company uses the formula y = a + bx to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for consideration: Month Machine Hours Overhead Costs 1...
Question 14 XYZ Company uses the formula y = a + bX to predict and analyze...
Question 14 XYZ Company uses the formula y = a + bX to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for consideration: Month Machine Hours Overhead Costs 463 468 402 483 507...
Question 14 XYZ Company uses the formula y = a + bX to predict and analyze...
Question 14 XYZ Company uses the formula y = a + bX to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for consideration Month Machine Hours Overhead Costs 431 477 406 490 504...
Question 14 XYZ Company uses the formula y = a + bX to predict and analyze...
Question 14 XYZ Company uses the formula y = a + bX to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for consideration: Month Machine Hours Overhead Costs 1 414 $2,752 2 487...
Problem 3-36A Agassi Company uses a job order cost system in each of its three manufacturing...
Problem 3-36A
Agassi Company uses a job order cost system in each of its three
manufacturing departments. Manufacturing overhead is applied to
jobs on the basis of direct labour cost in Department D, direct
labour hours in Department E, and machine hours in Department
K.
In establishing the predetermined overhead rates for 2016, the
following estimates were made for the year.
Department
D
E
K
Manufacturing overhead
$1,400,000
$1,250,000
$720,000
Direct labour costs
$2,000,000
$1,250,000
$450,000
Direct labour hours
100,000...
Question 3 International Steel Company has budgeted manufacturing overhead costs of $1,995,000. It has allocated overhead...
Question 3 International Steel Company has budgeted manufacturing overhead costs of $1,995,000. It has allocated overhead on a plant-wide basis to its two products (soft steel and hard steel) using machine hours, which are estimated to be 100,000 for the current year. The company has decided to experiment with activity-based costing and has created five activity cost pools and related activity cost drivers as follows: Activity Centre Cost Driver Estimated Activity Material handling Purchase orders Product testing Machine set-up Machining...
Coronado Company produces two products: MB-R and MB-X. Currently, Coronado allocates overhead based on direct labour...
Coronado Company produces two products: MB-R and MB-X. Currently, Coronado allocates overhead based on direct labour hours. Overhead is estimated at $436,800. The cost accountant realizes that there are some differences in how resources are being used in producing these two components and is considering the use of ABC to allocate overhead. She determines that overhead is caused by testing and inspections, $112,000; machine setup, $84,000; machine stamping, $200,000; and plant maintenance, $40,800. Coronado estimates the following activities related to...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,000, direct labour $15,000, and manufacturing overhead $20,000. As of January 1, Job No. 49 had been completed at a cost of $120,000 and was part of finished goods inventory. There...
XYZ Company uses the formula y = a +bX to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for consideration: Month Machine Hours Overhead Costs 453 $2,579 478 $3,073 397 $2,432 490 $2,820...
Question 14 z Company uses the formula y-a + bX to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for Month Machine Hours Overhead Costs 432 468 394 483 $2,646 3,089 2,476 $2,903...
Please answer properly thanks
Question 7 XYZ Company uses the formula y = a + bx to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for consideration: Month Machine Hours Overhead Costs 1...
Question 14 XYZ Company uses the formula y = a + bX to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for consideration: Month Machine Hours Overhead Costs 463 468 402 483 507...
Question 14 XYZ Company uses the formula y = a + bX to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for consideration Month Machine Hours Overhead Costs 431 477 406 490 504...
Problem 3-36A
Agassi Company uses a job order cost system in each of its three
manufacturing departments. Manufacturing overhead is applied to
jobs on the basis of direct labour cost in Department D, direct
labour hours in Department E, and machine hours in Department
K.
In establishing the predetermined overhead rates for 2016, the
following estimates were made for the year.
Department
D
E
K
Manufacturing overhead
$1,400,000
$1,250,000
$720,000
Direct labour costs
$2,000,000
$1,250,000
$450,000
Direct labour hours
100,000...
Question 3 International Steel Company has budgeted manufacturing overhead costs of $1,995,000. It has allocated overhead on a plant-wide basis to its two products (soft steel and hard steel) using machine hours, which are estimated to be 100,000 for the current year. The company has decided to experiment with activity-based costing and has created five activity cost pools and related activity cost drivers as follows: Activity Centre Cost Driver Estimated Activity Material handling Purchase orders Product testing Machine set-up Machining...
Coronado Company produces two products: MB-R and MB-X. Currently, Coronado allocates overhead based on direct labour hours. Overhead is estimated at $436,800. The cost accountant realizes that there are some differences in how resources are being used in producing these two components and is considering the use of ABC to allocate overhead. She determines that overhead is caused by testing and inspections, $112,000; machine setup, $84,000; machine stamping, $200,000; and plant maintenance, $40,800. Coronado estimates the following activities related to...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,000, direct labour $15,000, and manufacturing overhead $20,000. As of January 1, Job No. 49 had been completed at a cost of $120,000 and was part of finished goods inventory. There...
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