Homework Answers
| Randel Manufacturing | ||||||
| Calculation of Total Activity | ||||||
| Overhead cost assigned | ||||||
| Activity cost pool | Cost Driver | Budget | Deluxe | Budget | Deluxe | Total Overhead |
| Ordering and Receiving | Orders | 600 | 400 | $ 78,000.00 | $ 52,000.00 | $ 1,30,000.00 |
| Machine Setup | Setups | 500 | 400 | $ 1,65,000.00 | $ 1,32,000.00 | $ 2,97,000.00 |
| Machining | Machine Hours | 150000 | 100000 | $ 6,00,000.00 | $ 4,00,000.00 | $ 10,00,000.00 |
| Assembly | Parts | 1200000 | 800000 | $ 9,60,000.00 | $ 6,40,000.00 | $ 16,00,000.00 |
| Inspection | Inspections | 550 | 450 | $ 1,65,000.00 | $ 1,35,000.00 | $ 3,00,000.00 |
| $ 19,68,000.00 | $ 13,59,000.00 | $ 33,27,000.00 | ||||
| Overhead cost assigned (Working) | ||||||
| Budget | Deluxe | |||||
| $130000*600/(600+400) | $130000*400/(600+400) | |||||
| $297000*500/(500+400) | $297000*400/(500+400) | |||||
| $1000000*150000/($150000+$100000) | $1000000*100000/($150000+$100000) | |||||
| $1600000*1200000/(1200000+800000) | $1600000*800000/(1200000+800000) | |||||
| $300000*550/(550+450) | $300000*450/(550+450) | |||||
| Overhead cost per unit=Total Overhead assigned/Production | ||||||
| Budget | Deluxe | |||||
| Overhead Assigned=(A) | $ 19,68,000.00 | $ 13,59,000.00 | ||||
| Production=(B) | 700000 | 200000 | ||||
| Overhead cost per unit=(A)/(B) | $ 2.81 | $ 6.80 | ||||
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New Policies Current Attempt in Progress Randel Manufacturing has five activity cost pools and two products...
Current Attempt in Progress Randel Manufacturing has five activity cost pools and two products (a budget...
Current Attempt in Progress Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection Cost Driver Orders Setups Machine hours Parts Inspections Estimated Overhead $130,000 297,000 1,000,000 1,600,000 300,000 Cost Drivers by Product Budget Deluxe 600 400 500 400 150,000 100,000 1,200,000 800,000 550 450 Compute the overhead cost per unit for each product. Production is...
Question 2 Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum...
Question 2 Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pool Ordering and Receiving Machine Setup Cost Driver Orders Setups Machine hours Parts Inspections Estimated Overhead $130,000 297,000 1,000,000 1,600,000 300,000 Cost Drivers by Product Budget Deluxe 600 400 500 400 150,000 100,000 1,200,000 800,000 550 450 Machining Assembly Inspection Compute the overhead cost per unit for each product. Production is 700,000 units...
Section 4: Ortiz Manufacturing has five activity cost pools and two products (a budget tape vacuum...
Section 4: Ortiz Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Cost Drivers by Product Activity Cost Pool Cost Driver Est. Overhead Budget Deluxe Ordering and Receiving Orders $ 130,000 600 Machine Setup Setups 297,000 500 400 Machining Machine hours 1,000,000 150,000 100,000 Assembly Parts 1,600,000 1,200,000 800,000 Inspection Inspections 300,000 550 450 400 Instructions Compute the overhead cost per unit for each product Production is...
Q2. ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a...
Q2. ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a deluxe vacuum). Information is presented below cost driver by product Activity cost pool Cost driver Est. Overhead Budget Deluxe 400 Ordering & receiving Machine set up Machining Assembly Inspection Orders Set up Machine hours Parts Inspection 130,000 297,000 1,000,000 1,600,000 300,000 600 500 150,000 1,200,000 300,000 400 100,000 800,000 450 Instructions: Compute the overhead cost per unit for each product. Production is 700,000 units...
ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a deluxe...
ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a deluxe vacuum). Information is presented below cost driver by product Activity cost pool Cost driver Est. Overhead Budget Deluxe 400 Ordering & receiving Machine set up Machining Assembly Inspection Orders Set up Machine hours Parts Inspection 130,000 297,000 1,000,000 1,600,000 300,000 600 500 150,000 1,200,000 550 400 100,000 800,000 450 Instructions: Compute the overhead cost per unit for each product. Production is 700,000 units of...
Question 33 Vid-saver, Inc. has five activity cost pools and two products (a budget tape rewinder...
Question 33 Vid-saver, Inc. has five activity cost pools and two products (a budget tape rewinder and a deluxe tape rewinder). Information is presented below Cost Drivers by Product Budget Deluxe Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly inspection Cost Driver Orders Setups Machine hours Parts Inspections Est. Overhead $ 110,000 297.000 1,000,000 1,200,000 300,000 500 150.000 1.200,000 550 100.000 800.000 450 Instructions Compute the overhead cost per unit for each product Production is 700,000 units of...
accounting
Blue Spruce Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below:Est. Use of Cost DriversActivity Cost PoolsCost DriverEst. OverheadBudgetDeluxeOrdering and ReceivingOrders$154,000600400Machine SetupSetups321,300500400MachiningMachine hours1,033,000150,000100,000AssemblyParts1,634,0001,200,000800,000InspectionInspections324,000550450Compute the overhead cost per unit for each product. Production is 700,000 units of Budget and 200,000 units of Deluxe. (Round per machine hour and per part values to 3 decimal places, e.g. 52.711. Round overhead cost per unit to 2 decimal places, e.g. 12.25 and cost assigned to 0 decimal...
Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of...
Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Annual Overhead Data Activity Cost Pools Machine setup Machining Packing Cost Drivers Setups Machine hours Orders Estimated Overhead $14,800 78,560 27,030 Estimated Use of Cost Drivers per Product Estimated Use...
Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of...
Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Annual Overhead Data Estimated Overhead $17,500 120,750 28,670 Activity Cost Pools Machine setup Machining Packing 20 Estimated Use of Cost Drivers per Product Estimated Use of Cost Product Product Drivers...
Flynn Industries has three activity cost pools and two products. It expects to produce 3,170 units...
Flynn Industries has three activity cost pools and two products. It expects to produce 3,170 units of Product BC113 and 1,250 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Expected Use of Annual Overhead Data Cost Drivers per Product Estimated Cost Pools Cost Drivers Overhead $20,709 80,656 33,741 Expected Use of Cost Product Product Drivers Activity BC113 AD908...
Current Attempt in Progress Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection Cost Driver Orders Setups Machine hours Parts Inspections Estimated Overhead $130,000 297,000 1,000,000 1,600,000 300,000 Cost Drivers by Product Budget Deluxe 600 400 500 400 150,000 100,000 1,200,000 800,000 550 450 Compute the overhead cost per unit for each product. Production is...
Question 2 Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pool Ordering and Receiving Machine Setup Cost Driver Orders Setups Machine hours Parts Inspections Estimated Overhead $130,000 297,000 1,000,000 1,600,000 300,000 Cost Drivers by Product Budget Deluxe 600 400 500 400 150,000 100,000 1,200,000 800,000 550 450 Machining Assembly Inspection Compute the overhead cost per unit for each product. Production is 700,000 units...
Section 4: Ortiz Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Cost Drivers by Product Activity Cost Pool Cost Driver Est. Overhead Budget Deluxe Ordering and Receiving Orders $ 130,000 600 Machine Setup Setups 297,000 500 400 Machining Machine hours 1,000,000 150,000 100,000 Assembly Parts 1,600,000 1,200,000 800,000 Inspection Inspections 300,000 550 450 400 Instructions Compute the overhead cost per unit for each product Production is...
Q2. ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a deluxe vacuum). Information is presented below cost driver by product Activity cost pool Cost driver Est. Overhead Budget Deluxe 400 Ordering & receiving Machine set up Machining Assembly Inspection Orders Set up Machine hours Parts Inspection 130,000 297,000 1,000,000 1,600,000 300,000 600 500 150,000 1,200,000 300,000 400 100,000 800,000 450 Instructions: Compute the overhead cost per unit for each product. Production is 700,000 units...
ANOMAN COMPANY has 5 activity cost pools and two products (a budget vacuum & a deluxe vacuum). Information is presented below cost driver by product Activity cost pool Cost driver Est. Overhead Budget Deluxe 400 Ordering & receiving Machine set up Machining Assembly Inspection Orders Set up Machine hours Parts Inspection 130,000 297,000 1,000,000 1,600,000 300,000 600 500 150,000 1,200,000 550 400 100,000 800,000 450 Instructions: Compute the overhead cost per unit for each product. Production is 700,000 units of...
Question 33 Vid-saver, Inc. has five activity cost pools and two products (a budget tape rewinder and a deluxe tape rewinder). Information is presented below Cost Drivers by Product Budget Deluxe Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly inspection Cost Driver Orders Setups Machine hours Parts Inspections Est. Overhead $ 110,000 297.000 1,000,000 1,200,000 300,000 500 150.000 1.200,000 550 100.000 800.000 450 Instructions Compute the overhead cost per unit for each product Production is 700,000 units of...
Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Annual Overhead Data Activity Cost Pools Machine setup Machining Packing Cost Drivers Setups Machine hours Orders Estimated Overhead $14,800 78,560 27,030 Estimated Use of Cost Drivers per Product Estimated Use...
Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Annual Overhead Data Estimated Overhead $17,500 120,750 28,670 Activity Cost Pools Machine setup Machining Packing 20 Estimated Use of Cost Drivers per Product Estimated Use of Cost Product Product Drivers...
Flynn Industries has three activity cost pools and two products. It expects to produce 3,170 units of Product BC113 and 1,250 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Expected Use of Annual Overhead Data Cost Drivers per Product Estimated Cost Pools Cost Drivers Overhead $20,709 80,656 33,741 Expected Use of Cost Product Product Drivers Activity BC113 AD908...
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