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Robert | ||||
Answer 1 | A | B | C=A/B | |
Activity cost pool | Activity Measure | Cost | Activity usage | ABC rates |
Machining | Machine Hours | 8,640,000.00 | 720,000.00 | 12.00 |
Engineering | Engineering Hours | 1,230,000.00 | 3,000.00 | 410.00 |
Receiving | Receiving Orders | 324,000.00 | 1,200.00 | 270.00 |
Inspecting products | Inspection Hours | 351,000.00 | 2,700.00 | 130.00 |
Overhead Cost | 10,545,000.00 | |||
Answer 2 | |||||
Basic | See C | D | E=C*D | ||
Activity cost pool | Activity Measure | ABC Rates | Activity used | Cost assigned | |
Machining | Machine Hours | 12.00 | 120,000.00 | 1,440,000.00 | |
Engineering | Engineering Hours | 410.00 | 300.00 | 123,000.00 | |
Receiving | Receiving Orders | 270.00 | 300.00 | 81,000.00 | |
Inspecting products | Inspection Hours | 130.00 | 900.00 | 117,000.00 | |
Overhead Cost assigned | 1,761,000.00 | F | |||
Units produced | 120,000.00 | G | |||
Overhead Cost per unit | 15.00 | H=F/G | |||
Advanced | See C | I | J=C*I | ||
Activity cost pool | Activity Measure | ABC Rates | Activity used | Cost assigned | |
Machining | Machine Hours | 12.00 | 600,000.00 | 7,200,000.00 | |
Engineering | Engineering Hours | 410.00 | 2,700.00 | 1,107,000.00 | |
Receiving | Receiving Orders | 270.00 | 900.00 | 243,000.00 | |
Inspecting products | Inspection Hours | 130.00 | 1,800.00 | 234,000.00 | |
Overhead Cost assigned | 8,784,000.00 | K | |||
Units produced | 360,000.00 | L | |||
Overhead Cost per unit | 24.40 | M=K/L |
Answer 2 | Basic | Advanced | Note | |
Prime costs | 10,080,000.00 | 43,200,000.00 | ||
Overhead Cost assigned | 1,761,000.00 | 8,784,000.00 | See F,K | |
Total cost | 11,841,000.00 | 51,984,000.00 | N | |
Units produced | 120,000.00 | 360,000.00 | O | |
Unit cost | 98.68 | 144.40 | P=N/O | |
Answer 3 | Basic | Advanced | Total | Note |
Prime costs | 10,080,000.00 | 43,200,000.00 | 53,280,000.00 | Q |
Consumption ratio | 18.92% | 81.08% | B | R=Q/Sum of Q |
Cost of Inspecting products | 351,000.00 | 351,000.00 | S | |
Cost assignment | 66,405.41 | 284,594.59 | T=R*S |
Activity Based Product Costing Total Roberts Company produces two weed eaters: basic and advanced. The company...
Activity-Based Product Costing Roberts Company produces two weed eaters: basic and advanced. The company has four activities: machining, engineering, receiving, and inspection. Information on these activities and their drivers is given below. Advanced Total Basic 150,000 $12,900,000 450,000 $51,300,000 $64,200,000 150,000 750,000 900,000 Units produced Prime costs Machine hours Engineering hours Receiving orders Inspection hours 300 2,700 3,000 400 1,200 1,600 900 1,800 2,700 $7,200,000 Overhead costs: Machining Engineering Receiving Inspecting products 1,290,000 624,000 405,000 Required: per machine hour 1....
Activity-Based Product Costing Roberts Company produces two weed eaters: basic and advanced. The company has four activities: machining, engineering, receiving, and inspection. Information on these activities and their drivers is given below. Basic Advanced Total Units produced 90,000 270,000 — Prime costs $6,480,000 $30,240,000 $36,720,000 Machine hours 90,000 450,000 540,000 Engineering hours 400 3,600 4,000 Receiving orders 500 1,500 2,000 Inspection hours ...
Activity-Based Product Costing Roberts Company produces two weed eaters: basic and advanced. The company has four activities: machining, engineering, receiving, and inspection. Information on these activities and their drivers is given below. Basic Advanced Total Units produced 140,000 420,000 Prime costs $11,760,000 $50,400,000 $62,160,000 Machine hours 140,000 700,000 840,000 Engineering hours 3,600 4,000 Receiving orders 300 1,200 Inspection hours 1,800 2,700 400 900 900 Overhead costs: Machining $9,240,000 2,240,000 Engineering Receiving 240,000 Inspecting products 297,000 Required: 1. Calculate the four...
Activity-Based Product Costing Roberts Company produces two weed eaters: basic and advanced. The company has four activities: machining, engineering, receiving, and inspection. Information on these activities and their drivers is given below. Basic Advanced Total Units produced 130,000 390,000 — Prime costs $9,880,000 $42,120,000 $52,000,000 Machine hours 130,000 650,000 780,000 Engineering hours 500 4,500 5,000 Receiving orders 500 1,500 2,000 Inspection hours 1,000 2,000 3,000 Overhead costs: Machining $8,580,000 Engineering 3,000,000 Receiving 440,000 Inspecting products 360,000 Required: 1. Calculate the...
eBook Calculator Activity-Based Product Costing Roberts Company produces two weed eaters: basic and advanced. The company has four activities: machining, engineering, receiving, and inspection. Information on these activities and their drivers is given below. Basic Advanced Total Units produced 300,000 100,000 $8,000,000 Prime costs $30,000,000 $38,000,000 Machine hours 100,000 500,000 600,000 Engineering hours 400 3,600 4,000 Receiving orders 400 1,200 1,600 Inspection hours 800 1,600 2,400 Overhead costs: Machining Engineering Receiving Inspecting products $6,000,000 2,000,000 560,000 360,000 Required: 1. Calculate...
eBook Calculator Activity-Based Product Costing Roberts Company produces two weed eaters: basic and advanced. The company has four activities: machining, engineering, receiving, and inspection. Information on these activities and their drivers is given below. Basic Advanced Total Units produced 150,000 450,000 Prime costs $12,600,000 $45,000,000 $57,600,000 900,000 Machine hours 150,000 750,000 500 4,500 5,000 Engineering hours Receiving orders Inspection hours 200 600 800 800 1,600 2,400 Overhead costs: Machining Engineering $9,000,000 2,100,000 320,000 Receiving Inspecting products 480,000 Required: 1. Calculate...
Activity-Based Product Costing Roberts Company produces two weed eaters: basic and advanced. The company has four activities: machining, engineering, receiving, and inspection. Information on these activities and their drivers is given below. Basic Advanced Total Units produced 150,000 450,000 $46,800,000 Prime costs $10,800,000 Machine hours 150,000 750,000 $57,600,000 900,000 2,000 200 1,800 Engineering hours Receiving orders Inspection hours 300 900 1,200 800 1,600 2,400 Overhead costs: Machining Engineering $9,000,000 860,000 468,000 Receiving Inspecting products 480,000 Required: 2. Calculate the unit...
Activity-Based Product Costing Roberts Company produces two weed eaters: basic and advanced. The company has four activities: machining, engineering, receiving, and inspection. Information on these activities and their drivers is given below. Basic Advanced Total Units produced 150,000 Prime costs 450,000 $46,800,000 750,000 $10,800,000 150,000 $57,600,000 Machine hours 900,000 2,000 200 1,800 Engineering hours Receiving orders 300 1,200 Inspection hours 800 1,600 2.400 Overhead costs: $9,000,000 860,000 Machining Engineering Receiving Inspecting products 468,000 480,000 Required: 1. Calculate the four activity...
Activity-Based Product Costing Roberts Company produces two weed eaters: basic and advanced. The company has four activities: machining, engineering, receiving and inspection Information on these activities and their drivers is given below. Basic Advanced Total Units produced 150,000 450,000 Prime costs $10,500,000 $45,000,000 $55,500,000 Machine hours 150,000 750,000 900,000 Engineering hours 200 1,800 2,000 Receiving orders 300 900 Inspection hours 900 1,800 2,700 1.200 $9,900,000 Overhead costs: Machining Engineering Receiving Inspecting products 980,000 300,000 513,000 2. Calculate the unit costs...
eBook Calculator Activity-Based Product Costing Roberts Company produces two weed eaters: basic and advanced. The company has four activities: machining, engineering, receiving and inspection. Information on these activities and their drivers is given below. Basic Advanced Total Units produced 100,000 300,000 Prime costs $8,000,000 $30,000,000 $38,000,000 Machine hours 100,000 500,000 600,000 Engineering hours 400 3.600 4,000 Receiving orders 400 1,600 2.400 800 Inspection hours 1,200 1,600 Overhead costs: Machining Engineering Receiving Inspecting products Required: $6,000,000 2,000,000 560,000 360,000 х Removing...