Homework Answers
Product A =$224,360
Product B =$272,080
Product C =$131,240
Explanation:
Activity based overhead rate = total overhead cost / cost driver
1. Machining = $454,960/96,800 = $4.7 per machine hour
2. Designing costs = $100,000/10,000 = $10 per design hour
3. Setup costs = $72,720/505 = $144 per batch
Overhead assigned to product A
Machining = $4.7 x 38,000 = $178,600
Designing costs = $10 x 4000 = $40,000
Setup costs = $144 x 40 = $5760
Total overhead assigned = $224,360
Overhead assigned to product B
Machining = $4.7 x 48,000 = $225,600
Designing costs=$10 x 2200 =$22,000
Setup costs = $144 x 170 = $24,480
Total overhead assigned = $272,080
Overhead assigned to product C
Machining = $4.7 x 10,800 =$50,760
Designing costs = $10 x 3800 =$38,000
Setup costs = $144 x 295 = $42,480
Total overhead cost assigned = $131,240
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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 $183,300 Number of machine hours 47,725 Number of design hours 71,150 Number of batches Estimated Cost Driver 61,100 5,750 500 Required: 1. Compute the activity rate for each activity. 2. Classify each activity as facility, product, batch, or unit level. Complete this question by entering your...
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! 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 $416,700 Number of machine hours 93,100 Number of design hours 73,338 Number of batches Estimated Cost Driver 92,600 9,500 510 Required: 1. Compute the activity rate for each activity. 2. Classify each activity as facility, product, batch, or unit level. Complete this question by entering...
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 $312,000 Number of machine hours 73,600 Number of design hours 71,600 Number of batches Estimated Cost Driver 80,000 8,000 500 Required: 1. Compute the activity rate for each activity. 2. Classify each activity as facility, product, batch, or unit level. Complete this question by entering your...
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