Question



Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost Estim
0 0
Add a comment Improve this question Transcribed image text
Answer #1

ANSWER

COST POOL ALLOCATED OVEHEAD
MACHINING $136582
SETUP COSTS $11800
QUAILITY CONTROL $16047
TOTAL OVEHEAD $164429

WORKING

MACHING=$333000/12800*5250=$136582

SETUP=$72000/360*59=$11800

QUAILITY CONTROL=$88000/850*155=$16047

Add a comment
Know the answer?
Add Answer to:
Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product...

    Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost Pools Estimated Total Cost Estimated Cost Driver Machining $ 318,000 13,800 machine hours Setup 65,000 450 batches Quality control 96,000 790 inspections Suppose the Luxury boat requires 3,850 machine hours, 115 inspections, and 65 batches. Using activity proportions, determine the amount of overhead assigned to the Luxury product line. (Round your intermediate calculations to the nearest whole percentage and your final...

  • Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product...

    Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost Pools Estimated Total Cost Estimated Cost Driver Machining $ 317,000 12,500 machine hours Setup 78,000 270 batches Quality control 104,000 780 inspections Suppose the Luxury boat requires 3,950 machine hours, 215 inspections, and 67 batches. Using activity proportions, determine the amount of overhead assigned to the Luxury product line. (Round your intermediate calculations to the nearest whole percentage and your final...

  • Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses...

    Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost Pools Machining Estimated Total Cost $581,400 95, 175 147,200 Setup Estimated Cost Driver 19,000 machine hours 470 batches 920 inspections Quality control M4-12 (Algo) Assigning Costs Using Activity Proportions [LO 4-5) Suppose the Luxury boat requires 7,030 machine hours, 230 inspections, and 94 batches. Using activity proportions, determine the amount of overhead assigned to the Luxury...

  • Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses...

    Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost Pools Machining Setup Quality control Estimated Total Cost $417,600 76,095 117,860 Estimated cost Driver 14,500 machine hours 380 batches 830 inspections M4-10 (Algo) Calculating Activity Rates for ABC System (LO 4-4] Compute the activity rates for each of the following activity cost pools: (Round your answers to 2 decimal places.) per Machine Hour Machining Setup Costs...

  • Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses...

    Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost Pools Machining Setup Quality control Estimated Total Cost $679,400 105,950 164,900 Estimated Cost Driver 21,500 machine hours 520 batches 970 inspections M4-10 (Algo) Calculating Activity Rates for ABC System (LO 4-4) Compute the activity rates for each of the following activity cost pools: (Round your answers to 2 decimal places.) Machining Setup Costs Quality Control per...

  • Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury....

    Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $174,156 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines: Activity Cost Pools Materials handling Quality control Machine maintenance Cost Driver Number of moves Number of inspections Number of machine hours Cost Assigned to Pool $ 2,706 $ 31,050 $140,400 Quantity/Amount Consumed by Basic 30 moves 220 inspections...

  • Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury....

    Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $137,061 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines: Cost Quantity/Amount Quantity/Amount Assigned Consumed by Consumed by Activity Cost Pools Cost Driver to Pool Basic Luxury Materials handling Number of moves $ 2,666 10 moves 52 moves Quality control Number of inspections $ 31,395 240 inspections 120...

  • Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury....

    Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $139,714 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines: Activity Cost Pools Cost Driver Materials handling Number of moves Quality control Number of inspections Number of machine Machine maintenance hours Cost Assigned to Pool $ 4,004 $ 30,710 Quantity/Amount Consumed by Basic 22 moves 220 inspections Quantity/Amount...

  • Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury....

    Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $150,423 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines: Activity Cost Pools Cost Driver Materials handling Number of moves Quality control Number of inspections Machine maintenance Number of machine hours Cost Quantity/Amount Quantity/Amount Assigned consumed by Consumed by to Pool Basic Luxury $ 4,503 25 moves 54...

  • Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury....

    Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $157,456 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines: Activity Cost Pools Cost Driver Materials handling Number of moves Quality control Number of inspections Machine maintenance Number of machine hours Cost Assigned to Pool $ 3,596 $ 30,360 $123,500 Quantity/Amount Quantity/Amount Consumed by Consumed by Basic Luxury...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT