Homework Answers
Departmental overhead rates may not correctly assign over cost due to
Overreliance on volume as basis for allocating overhead costs where products differ regarding the number of units produced,lot size or complexity of production
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ers 1.2.7 19 - AC3020-002 Connect Saved TB MC Qu. 7-39 Departmental overhead rates may not......
Departmental overhead rates may not correctly assign overhead costs due to:a
Departmental overhead rates may not correctly assign overhead costs due to:a. the use of direct labor hours in allocating overhead costs to products rather than machine time or quantity of materials used.b. The high correlation between direct labor hours and the incurrence of ovehead costs.c. Overreliance on volume as a basis for allocating overhead costs where product costs differ regarding the number of units produced, lot size, or complexity of production.d. Difficulties associated with identifiying cost pools and allocating them...
Saved TB MC Qu. 04-80 Overhead costs: Overhead costs: Multiple Choice Ο Are directly related to...
Saved TB MC Qu. 04-80 Overhead costs: Overhead costs: Multiple Choice Ο Are directly related to production. Ο Can be traced to units of product in the same way that direct materials can Ο Cannot be traced to units of product in the same way that direct labor can. Ο Are period costs. Ο Include only fixed costs. Next
TB MC Qu. 7-114 Deemer Corporation has an activity-based ... Deemer Corporation has an activity-based costing...
TB MC Qu. 7-114 Deemer Corporation has an activity-based ... Deemer Corporation has an activity-based costing system with three activity cost pools-Processing. Supervising, and Other in the first stage allocations costs in the two overhead accounts, equipment expense and indirect labor, are allocated to the three activity cost pools based on resource consumption Data used in the first stage allocations follow Overhead costs: Equipment expense Indirect labor $73,000 $ 6,900 Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost...
TB MC Qu. 3-165 Baka Corporation applies manufacturing overhead ... Baka Corporation applies manufacturing overhead on...
TB MC Qu. 3-165 Baka Corporation applies manufacturing overhead ... Baka Corporation applies manufacturing overhead on the basis of direct labor- hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244,800 and 9,80 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $245,400 and actual direct labor-hours were 6,300. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $87,426...
TB MC Qu. 7-139 Wedd Corporation uses activity-based costing to assign ... Wedd Corporation uses activity-based...
TB MC Qu. 7-139 Wedd Corporation uses activity-based costing to assign ... Wedd Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as follows: Processing. $44,400, Supervising. $32,800; and Other, $21,300. Processing costs are assigned to products using machine hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the other activity cost pool are not assigned to products....
View previous 1 TB MC Qu. 7-138 Wedd Corporation uses activity-based costing to assign ... 4...
View previous 1 TB MC Qu. 7-138 Wedd Corporation uses activity-based costing to assign ... 4 points Wedd Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as follows: Processing, $50,500; Supervising. $28,600; and Other, $24,700. Processing costs are assigned to products using machine hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the other activity cost pool...
TB MC Qu. 3-165 Baka Corporation applies manufacturing overhead Baka Corpor wd 7500 omd i s...
TB MC Qu. 3-165 Baka Corporation applies manufacturing overhead Baka Corpor wd 7500 omd i s manufacturing overhead on the basis of direct labor hours. At the beginning of the most recent year, the company based its predetermined owerhead ten rector hours. Actualmanusuring overhead for the year mounted to $243 600 and actual director hours were 5.400 The head for the year w Round your intermediate calculations to 2 decimal places n ed overhead of $242100 Loo 0 0
TB MC Qu. 3-204 Dacosta Corporation had only one job... Dacosta Corporation had only one job...
TB MC Qu. 3-204 Dacosta Corporation had only one job... Dacosta Corporation had only one job in process on May 1. The job had been charged with $1,850 of direct materials, $6,990 of direct labor, and $9,950 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $18.50 per direct labor-hour. During May, the following activity was recorded: $ 8,550 $38,050 $39,350 Raw materials (all direct materials): Beginning balance Purchased during the month...
Exercise 17-7 Departmental overhead rates LO P2 Textra Plastics produces parts for a variety of small...
Exercise 17-7 Departmental overhead rates LO P2 Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for this year follow. (Round "OH rate and cost per unit" answers to 2 decimal places.) Direct labor hours Machine hours Overhead costs Molding 52,000 LH 30,500 $ 730,000 Trimming 48,000 DE 31600 MH...
Exercise 17-7 Departmental overhead rates LO P2 Textra Plastics produces parts for a variety of small...
Exercise 17-7 Departmental overhead rates LO P2 Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for this year follow. (Round "OH rate and cost per unit" answers to 2 decimal places.) Direct labor hours Machine hours Overhead costs Molding 52,000 DLH 30,500 MM $732,000 Trimming 48,000 DLH 3,600 MH...
Saved TB MC Qu. 04-80 Overhead costs: Overhead costs: Multiple Choice Ο Are directly related to production. Ο Can be traced to units of product in the same way that direct materials can Ο Cannot be traced to units of product in the same way that direct labor can. Ο Are period costs. Ο Include only fixed costs. Next
TB MC Qu. 7-114 Deemer Corporation has an activity-based ... Deemer Corporation has an activity-based costing system with three activity cost pools-Processing. Supervising, and Other in the first stage allocations costs in the two overhead accounts, equipment expense and indirect labor, are allocated to the three activity cost pools based on resource consumption Data used in the first stage allocations follow Overhead costs: Equipment expense Indirect labor $73,000 $ 6,900 Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost...
TB MC Qu. 3-165 Baka Corporation applies manufacturing overhead ... Baka Corporation applies manufacturing overhead on the basis of direct labor- hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244,800 and 9,80 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $245,400 and actual direct labor-hours were 6,300. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $87,426...
TB MC Qu. 7-139 Wedd Corporation uses activity-based costing to assign ... Wedd Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as follows: Processing. $44,400, Supervising. $32,800; and Other, $21,300. Processing costs are assigned to products using machine hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the other activity cost pool are not assigned to products....
View previous 1 TB MC Qu. 7-138 Wedd Corporation uses activity-based costing to assign ... 4 points Wedd Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as follows: Processing, $50,500; Supervising. $28,600; and Other, $24,700. Processing costs are assigned to products using machine hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the other activity cost pool...
TB MC Qu. 3-165 Baka Corporation applies manufacturing overhead Baka Corpor wd 7500 omd i s manufacturing overhead on the basis of direct labor hours. At the beginning of the most recent year, the company based its predetermined owerhead ten rector hours. Actualmanusuring overhead for the year mounted to $243 600 and actual director hours were 5.400 The head for the year w Round your intermediate calculations to 2 decimal places n ed overhead of $242100 Loo 0 0
TB MC Qu. 3-204 Dacosta Corporation had only one job... Dacosta Corporation had only one job in process on May 1. The job had been charged with $1,850 of direct materials, $6,990 of direct labor, and $9,950 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $18.50 per direct labor-hour. During May, the following activity was recorded: $ 8,550 $38,050 $39,350 Raw materials (all direct materials): Beginning balance Purchased during the month...
Exercise 17-7 Departmental overhead rates LO P2 Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for this year follow. (Round "OH rate and cost per unit" answers to 2 decimal places.) Direct labor hours Machine hours Overhead costs Molding 52,000 LH 30,500 $ 730,000 Trimming 48,000 DE 31600 MH...
Exercise 17-7 Departmental overhead rates LO P2 Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for this year follow. (Round "OH rate and cost per unit" answers to 2 decimal places.) Direct labor hours Machine hours Overhead costs Molding 52,000 DLH 30,500 MM $732,000 Trimming 48,000 DLH 3,600 MH...
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