Homework Answers
| Estimated OH (a) | Cost Drivers | Expected use of cost drivers (b) | Activity based OH rates (a/b) | |
| Designing | 444000 | Disigner Hour | 13000 | 34.15 |
| Sizing and cutting | 4210000 | Machine Hour | 169000 | 24.91 |
| stitching and trimming | 1490000 | Labor Hour | 75500 | 19.74 |
| Wrapping and packing | 332000 | Finished Units | 32000 | 10.38 |
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Question 3 of 12 View Policies Show Attempt...
Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six...
Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats. Activity Cost Pools Designing Sizing and cutting Stitching and trimming Wrapping and packing Estimated Overhead $453,960 3,979,950 1,469,100 322,875 Estimated Use of Cost Drivers per Activity 11,700 designer hours 169,000 machine hours 83,000 Tabor hours 31,500 finished units Compute the activity based overhead rates using the following budgeted data for each of the activity cost pools. (Round answers to 2...
Activity Cost Pools Estimated Overhead Estimated Use of Cost Drivers per Activity Designing $433,160 13,600 designer...
Activity Cost Pools Estimated Overhead Estimated Use of Cost Drivers per Activity Designing $433,160 13,600 designer hours Sizing and cutting 4,239,000 157,000 machine hours Stitching and trimming 1,460,925 75,500 labor hours Wrapping and packing 337,900 31,000 finished units Compute the activity-based overhead rates using the following budgeted data for each of the activity cost pools. (Round answers to 2 decimal places, e.g. 12.25.) Activity-based overhead rates Designing $ per designer hour Sizing and cutting $ per machine hour Stitching and...
Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six...
Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats Estimated Overhead Expected Uuse of Cost Drivers per Activity Activity Cost Pools Designing Sizing and cutting Stitching and trimming Wrapping and packing $443,000 14,800 designer hours 3,960,000 164,000 machine hours ,420,000 81,500 labor hours 330,000 31,500 finished units Compute the activity-based overhead rates using the following budgeted data for each of the activity cost pools. (Round answers to 2 decimal...
Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six...
Weisman, Inc. uses activity-based costing as the basis for
information to set prices for its six lines of seasonal
coats.
Activity Cost Pools
Estimated
Overhead
Expected Use of
Cost Drivers per Activity
Designing
$455,000
14,000
designer hours
Sizing and cutting
3,950,000
168,000
machine hours
Stitching and trimming
1,480,000
78,500
labor hours
Wrapping and packing
333,000
30,000
finished units
Compute the activity-based overhead rates using the following
budgeted data for each of the activity cost pools.
(Round answers to 2 decimal...
Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six...
Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats. Activity Cost Pools Designing Sizing and cutting Stitching and trimming Wrapping and packing Estimated Overhead $452,795 4,231,150 1,501,000 327,050 Estimated Use of Cost Drivers per Activity 11,900 designer hours 157,000 machine hours 79,000 labor hours 31,000 finished units Compute the activity-based overhead rates using the following budgeted data for each of the activity cost pools. (Round answers to 2 decimal...
Brief Exercise 17-6 Weisman, Inc. uses activity-based costing as the basis for information to set prices...
Brief Exercise 17-6
Weisman, Inc. uses activity-based costing as the basis for
information to set prices for its six lines of seasonal coats.
Activity Cost Pools
Estimated
Overhead
Expected Use of
Cost Drivers per Activity
Designing
$438,000
13,700
designer hours
Sizing and cutting
4,110,000
166,000
machine hours
Stitching and trimming
1,440,000
78,000
labor hours
Wrapping and packing
325,000
35,000
finished units
Compute the activity-based overhead rates using the following
budgeted data for each of the activity cost pools.
(Round answers...
Question 16 --/1 View Policies Current Attempt in Progress Marigold Company assigns overhead based on machine...
Question 16 --/1 View Policies Current Attempt in Progress Marigold Company assigns overhead based on machine hours. The Milling Department logs 2320 machine hours and Cutting Department shows 4110 machine hours for the period. If the overhead rate is $3 per machine hour, the entry to assign overhead will show a O credit to Work in Process-Cutting Department for $12330. O debit to Work in Process for $12330. O credit to Manufacturing Overhead for $19290. Odebit to Manufacturing Overhead for!...
Please please help me with this problem, theyre all together. Thank you so much! Required information...
Please please help me with this problem, theyre all together.
Thank you so much!
Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool Cost Driver $345,220 Number of machine hours 79,900 Number of design hours 70,983 Number of batches Estimated Cost Driver 84,200 8,500 495 Required: 1. Compute the activity rate for each activity. 2. Classify each...
Question 12 Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount...
Question 12 Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. Car Estimated wheels produced 36,000 Truck 11,000 3 Direct labor hours per wheel 1 Total estimated overhead costs for the two product lines are $731,400. (a1) Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rates per direct labor hour Question 11 EcoFabrics has...
Question 5 0/5 View Policies Show Attempt History Current Attempt in Progress Schultz Electronics manufactures two...
Question 5 0/5 View Policies Show Attempt History Current Attempt in Progress Schultz Electronics manufactures two ultra high-definition television models: the Royale which sells for $1,580, and a new model, the Majestic, which sells for $1,320. The production cost computed per unit under traditional costing for each model in 2020 was as follows. Traditional Costing Direct materials Direct labor ($20 per hour) Manufacturing overhead ($42 per DLH) Total per unit cost Royale Majestic $650 $400 100 252 210 $1,022 $710...
Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats. Activity Cost Pools Designing Sizing and cutting Stitching and trimming Wrapping and packing Estimated Overhead $453,960 3,979,950 1,469,100 322,875 Estimated Use of Cost Drivers per Activity 11,700 designer hours 169,000 machine hours 83,000 Tabor hours 31,500 finished units Compute the activity based overhead rates using the following budgeted data for each of the activity cost pools. (Round answers to 2...
Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats Estimated Overhead Expected Uuse of Cost Drivers per Activity Activity Cost Pools Designing Sizing and cutting Stitching and trimming Wrapping and packing $443,000 14,800 designer hours 3,960,000 164,000 machine hours ,420,000 81,500 labor hours 330,000 31,500 finished units Compute the activity-based overhead rates using the following budgeted data for each of the activity cost pools. (Round answers to 2 decimal...
Weisman, Inc. uses activity-based costing as the basis for
information to set prices for its six lines of seasonal
coats.
Activity Cost Pools
Estimated
Overhead
Expected Use of
Cost Drivers per Activity
Designing
$455,000
14,000
designer hours
Sizing and cutting
3,950,000
168,000
machine hours
Stitching and trimming
1,480,000
78,500
labor hours
Wrapping and packing
333,000
30,000
finished units
Compute the activity-based overhead rates using the following
budgeted data for each of the activity cost pools.
(Round answers to 2 decimal...
Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats. Activity Cost Pools Designing Sizing and cutting Stitching and trimming Wrapping and packing Estimated Overhead $452,795 4,231,150 1,501,000 327,050 Estimated Use of Cost Drivers per Activity 11,900 designer hours 157,000 machine hours 79,000 labor hours 31,000 finished units Compute the activity-based overhead rates using the following budgeted data for each of the activity cost pools. (Round answers to 2 decimal...
Brief Exercise 17-6
Weisman, Inc. uses activity-based costing as the basis for
information to set prices for its six lines of seasonal coats.
Activity Cost Pools
Estimated
Overhead
Expected Use of
Cost Drivers per Activity
Designing
$438,000
13,700
designer hours
Sizing and cutting
4,110,000
166,000
machine hours
Stitching and trimming
1,440,000
78,000
labor hours
Wrapping and packing
325,000
35,000
finished units
Compute the activity-based overhead rates using the following
budgeted data for each of the activity cost pools.
(Round answers...
Question 16 --/1 View Policies Current Attempt in Progress Marigold Company assigns overhead based on machine hours. The Milling Department logs 2320 machine hours and Cutting Department shows 4110 machine hours for the period. If the overhead rate is $3 per machine hour, the entry to assign overhead will show a O credit to Work in Process-Cutting Department for $12330. O debit to Work in Process for $12330. O credit to Manufacturing Overhead for $19290. Odebit to Manufacturing Overhead for!...
Please please help me with this problem, theyre all together.
Thank you so much!
Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool Cost Driver $345,220 Number of machine hours 79,900 Number of design hours 70,983 Number of batches Estimated Cost Driver 84,200 8,500 495 Required: 1. Compute the activity rate for each activity. 2. Classify each...
Question 12 Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. Car Estimated wheels produced 36,000 Truck 11,000 3 Direct labor hours per wheel 1 Total estimated overhead costs for the two product lines are $731,400. (a1) Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rates per direct labor hour Question 11 EcoFabrics has...
Question 5 0/5 View Policies Show Attempt History Current Attempt in Progress Schultz Electronics manufactures two ultra high-definition television models: the Royale which sells for $1,580, and a new model, the Majestic, which sells for $1,320. The production cost computed per unit under traditional costing for each model in 2020 was as follows. Traditional Costing Direct materials Direct labor ($20 per hour) Manufacturing overhead ($42 per DLH) Total per unit cost Royale Majestic $650 $400 100 252 210 $1,022 $710...
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