Homework Answers
Solution:
$ 2,555
Explanation:
| Cost pool (a) | Cost driver level (b) | Overhead rate c = (a / b) | Activity drivers (d) | Overhead cost (c x d) |
| 70,000 | 350 | 200 | 7 | 1400 |
| 35,000 | 1,750 | 20 | 14 | 280 |
| 87,500 | 8,750 | 10 | 70 | 700 |
| 17,500 | 17,500 | 1 | 175 | 175 |
| 2,555 |
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Orange, Inc. has identified the following cost drivers for its expected overhead costs for the year: Cost Pools Budgeted Cost Cost Driver Cost Driver Level Setup $ 220,000 Number of setups 1,100 Ordering 110,000 Number of orders 5,500 Maintenance 275,000 Machine hours 27,500 Power 55,000 Kilowatt hours 55,000 Total direct labor hours budgeted = 11,000 hours. The following data applies to Product X, one of the products completed during the year. Direct materials $ 5,500 Direct labor $ 6,600 Units...
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Bonita Inc. has identified the following overhead costs and cost drivers for next year. Overhead Item...
Bonita Inc. has identified the following overhead costs and cost
drivers for next year.
Overhead
Item
Expected
Cost
Cost
Driver
Expected
Actual Transactions
Setup costs
$87,912
No. of setups
396
Ordering costs
46,800
No. of orders
3,900
Maintenance costs
125,000
Machine hours
25,000
Power
26,495
Kilowatt hours
75,700
The following are two of the jobs completed during the
year:
Job 700
Job 701
Direct materials
$1,200
$600
Direct labour
$890
$420
Units completed
250
100
Direct labour hours
40
20...
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same question in both pictures
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Bonita Inc. has identified the following overhead costs and cost
drivers for next year.
Overhead
Item
Expected
Cost
Cost
Driver
Expected
Actual Transactions
Setup costs
$87,912
No. of setups
396
Ordering costs
46,800
No. of orders
3,900
Maintenance costs
125,000
Machine hours
25,000
Power
26,495
Kilowatt hours
75,700
The following are two of the jobs completed during the
year:
Job 700
Job 701
Direct materials
$1,200
$600
Direct labour
$890
$420
Units completed
250
100
Direct labour hours
40
20...
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same question in both pictures
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