Ready Ride is a trucking company. It provides local, short-haul, and long-haul services. It has developed...
Ready Ride is a trucking company. It provides local, short-haul,
and long-haul services. It has developed the following three cost
pools.
|
Activity Cost Pool |
Cost Drivers |
Estimated Overhead |
Expected Use of |
|||
| Loading and unloading | Number of pieces | $ 91,000 | 89,500 | |||
| Travel | Miles driven | 457,000 | 579,000 | |||
| Logistics | Hours | 75,000 | 2,810 |
Compute the activity-based overhead rates for each pool. (Round answers to 2 decimal places, e.g. 12.75.)
|
Activity Cost Pool |
Activity-Based |
||
| Loading and unloading | $ | per piece | |
| Travel | $ | per mile | |
| Logistics | $ | per hour |
Determine the overhead allocated to Job XZ3275 which has 150 pieces, requires 200 miles of driving, and 0.75 hours of logistics. (Round answer to 2 decimal places, e.g. 12.75.)
| Overhead applied to job XZ3275 | $ |
Homework Answers
| Computation of the activity-based overhead rates for each pool. | ||||
| Activity rate = Estimated overhead cost of an activity / Expected use of cost driver | ||||
| Activity Cost pool | Calculation | Activity based overhead rate | ||
| Loading and unloading | = $91000 / 89500 number of pieces | $1.02 | per piece | |
| Travel | = $457000 / 579000 miles | $0.79 | per mile | |
| Logistics | = $75000 / 2810 hours | $26.69 | per hour | |
| Determination of overhead allocated to Job XZ3275 | ||||
| Activity Cost pool | Calculation | Overhead allocated | ||
| Loading and unloading | = 150 pieces x $1.02 per piece | $152.51 | ||
| Travel | = 200 miles x $0.79 per mile | $157.86 | ||
| Logistics | = 0.75 hours x $26.69 per hour | $20.02 | ||
| Overhead allocated to Job XZ3275 | $330.39 | |||
Add Answer to:
Ready Ride is a trucking company. It provides local, short-haul,
and long-haul services. It has developed...
Ready Ride is a trucking company. It provides local, short-haul, and long-haul services. It has developed...
Ready Ride is a trucking company. It provides local,
short-haul, and long-haul services. It has developed the following
three cost pools.
Activity Cost Pool
Cost Drivers
Estimated
Overhead
Expected Use of
Cost Driver
per Activity
Loading and unloading
Number of pieces
$95,000
91,300
Travel
Miles driven
439,000
621,000
Logistics
Hours
63,000
2,890
Compute the activity-based overhead rates for each pool.
(Round answers to 2 decimal places, e.g.
12.75.)
Activity Cost Pool
Activity-Based
Overhead Rate
Loading and unloading
$
per piece...
Ready Ride is a trucking company. It provides local, short-haul, and long-haul services. It has developed...
Ready Ride is a trucking company. It provides local, short-haul, and long-haul services. It has developed the following three cost pools. Estimated Overhead Expected Use of Cost Driver r Activit Activity Cost Pool Cost Drivers Loading and unloading Travel Number of pieces Miles driven Hours $100,000 467,000 73,000 92,300 575,000 2,850 Logistics Compute the activity-based overhead rates for each pool. (Round answers to 2 decimal places, e.g. 12.75.) Activity-Based Activity Cost Pooloverhead Rate Loading and unloading s Travel Logistics per...
Ready Ride is a trucking company. It provides local, short-haul, and long-haul services. It has developed...
Ready Ride is a trucking company. It provides local,
short-haul, and long-haul services. It has developed the following
three cost pools.
Activity Cost Pool
Cost Drivers
Estimated
Overhead
Expected Use of
Cost Driver
per Activity
Loading and unloading
Number of pieces
$92,000
89,300
Travel
Miles driven
437,000
583,000
Logistics
Hours
80,000
2,830
Compute the activity-based overhead rates for each pool.
(Round answers to 2 decimal places, e.g.
12.75.)
Activity Cost Pool
Activity-Based
Overhead Rate
Loading and unloading
$
per piece...
The Long Haul Trucking Company is developing metrics for its drivers. The company computes variable costs...
The Long Haul Trucking Company is developing metrics for its drivers. The company computes variable costs of each load based upon miles driven and allocates fixed costs based upon time consumed. Load costing standards consider safe driving speeds and Department of Transportation regulations on hours of service (the amount of time the driver can be on duty or drive). The most effective metric for driver performance would likely be: a. Contribution per mile driven. b. Gross margin per mile driven....
provides housecleaning services to its verhead costs. The company has provided services to its Chients. The...
provides housecleaning services to its verhead costs. The company has provided services to its Chients. The company uses has provided the following data The Coletti Cleaning Brigade Company provides housecleani an activity-based costing system for its overhead cos from its activity-based costing system. Total Cost Total Activity Activity Cost Pool $302,993 $43,100 hours Cleaning 79,100 Job Support 5,000 jobs 180 clients 3,348 Client Support 150,000 Other $535,441 Total The "Other activity cost pool consists of the costs of idle capacity...
Required information Sunrise Accounting provides basic tax services and "rent-a-controller” accounting services. Sunrise has identified three...
Required information Sunrise Accounting provides basic tax services and "rent-a-controller” accounting services. Sunrise has identified three activity pools, the related costs per pool, the cost driver for each pool, and the expected use for each pool. 0/3.75 points awarded Scored Activity Transportation costs Electronic processing Office support Total Activity Cost Cost Driver $ 50,000 Mileage 75,000 Processing hours 20,000 Administrative hours Expected Tax Services Usage 5,000 miles 20,000 hours 3,500 hours Expected Controller Services Usage 35,000 miles 30,000 hours 1,500...
Manzeck Company operates a snow-removal service. The company owns five trucks, each of which has a snow plow in the fron...
Manzeck Company operates a snow-removal service. The company
owns five trucks, each of which has a snow plow in the front to
plow driveways and a snowthrower in the back to clear sidewalks.
Because plowing snow is very tough on trucks, the company incurs
significant maintenance costs. Truck depreciation and maintenance
represents a significant portion of the company’s overhead. The
company removes snow at residential locations, in which case the
drivers spend the bulk of their time walking behind the...
Peramu Housecleaning provides housecleaning services to its clients. The company uses an activity-based costing system for...
Peramu Housecleaning provides housecleaning services to its clients. The company uses an activity-based costing system for its overhead costs. The company has provided the following data from its activity-based costing system. Table 1 Activity Cost Pool Cleaning Job support...... Client support Other...... Total Cost RM 442,068 52.801 9,170 110,000 Total Activity 78,800 hours 1,900 jobs 350 clients Not applicable Total RM 614,039 The "Oiher" activity cost pool consists of the costs of idle capacity and organization- sustaining costs. One particular...
34445 A service company, SUPER CLEAN, provides commercial and residential cleaning services. The company is currently...
34445 A service company, SUPER CLEAN, provides commercial and residential cleaning services. The company is currently using a job costing system. Overhead are allocated based on the direct labour hours. A. Traditional Costing with plant wide method: Using traditional costing the company calculated the overhead cost based on 21 000 hours of activity: Activity cost pools Receptionist Office supplies Estimated cost $ 25,000 $ 3,000 $ 32,500 $ 37.500 $ 98,000 Depreciation tota Required - Part A: Calculate the overhead...
Problem 3: Activity-Based Costing (20 points) University Student Cleanup provides housecleaning services to its clients (primarily...
Problem 3: Activity-Based Costing (20 points) University Student Cleanup provides housecleaning services to its clients (primarily university students). During its first year, USC had a simple business model where it charged its customers $24 per hour for services while paying its cleaning specialists $12 per hour. The owner simply assumed the 100% markup over hourly direct labor costs would be enough to cover all additional costs and make a good profit. Unfortunately, this did not tum out to be the...
Ready Ride is a trucking company. It provides local,
short-haul, and long-haul services. It has developed the following
three cost pools.
Activity Cost Pool
Cost Drivers
Estimated
Overhead
Expected Use of
Cost Driver
per Activity
Loading and unloading
Number of pieces
$95,000
91,300
Travel
Miles driven
439,000
621,000
Logistics
Hours
63,000
2,890
Compute the activity-based overhead rates for each pool.
(Round answers to 2 decimal places, e.g.
12.75.)
Activity Cost Pool
Activity-Based
Overhead Rate
Loading and unloading
$
per piece...
Ready Ride is a trucking company. It provides local, short-haul, and long-haul services. It has developed the following three cost pools. Estimated Overhead Expected Use of Cost Driver r Activit Activity Cost Pool Cost Drivers Loading and unloading Travel Number of pieces Miles driven Hours $100,000 467,000 73,000 92,300 575,000 2,850 Logistics Compute the activity-based overhead rates for each pool. (Round answers to 2 decimal places, e.g. 12.75.) Activity-Based Activity Cost Pooloverhead Rate Loading and unloading s Travel Logistics per...
Ready Ride is a trucking company. It provides local,
short-haul, and long-haul services. It has developed the following
three cost pools.
Activity Cost Pool
Cost Drivers
Estimated
Overhead
Expected Use of
Cost Driver
per Activity
Loading and unloading
Number of pieces
$92,000
89,300
Travel
Miles driven
437,000
583,000
Logistics
Hours
80,000
2,830
Compute the activity-based overhead rates for each pool.
(Round answers to 2 decimal places, e.g.
12.75.)
Activity Cost Pool
Activity-Based
Overhead Rate
Loading and unloading
$
per piece...
provides housecleaning services to its verhead costs. The company has provided services to its Chients. The company uses has provided the following data The Coletti Cleaning Brigade Company provides housecleani an activity-based costing system for its overhead cos from its activity-based costing system. Total Cost Total Activity Activity Cost Pool $302,993 $43,100 hours Cleaning 79,100 Job Support 5,000 jobs 180 clients 3,348 Client Support 150,000 Other $535,441 Total The "Other activity cost pool consists of the costs of idle capacity...
Required information Sunrise Accounting provides basic tax services and "rent-a-controller” accounting services. Sunrise has identified three activity pools, the related costs per pool, the cost driver for each pool, and the expected use for each pool. 0/3.75 points awarded Scored Activity Transportation costs Electronic processing Office support Total Activity Cost Cost Driver $ 50,000 Mileage 75,000 Processing hours 20,000 Administrative hours Expected Tax Services Usage 5,000 miles 20,000 hours 3,500 hours Expected Controller Services Usage 35,000 miles 30,000 hours 1,500...
Manzeck Company operates a snow-removal service. The company
owns five trucks, each of which has a snow plow in the front to
plow driveways and a snowthrower in the back to clear sidewalks.
Because plowing snow is very tough on trucks, the company incurs
significant maintenance costs. Truck depreciation and maintenance
represents a significant portion of the company’s overhead. The
company removes snow at residential locations, in which case the
drivers spend the bulk of their time walking behind the...
Peramu Housecleaning provides housecleaning services to its clients. The company uses an activity-based costing system for its overhead costs. The company has provided the following data from its activity-based costing system. Table 1 Activity Cost Pool Cleaning Job support...... Client support Other...... Total Cost RM 442,068 52.801 9,170 110,000 Total Activity 78,800 hours 1,900 jobs 350 clients Not applicable Total RM 614,039 The "Oiher" activity cost pool consists of the costs of idle capacity and organization- sustaining costs. One particular...
34445 A service company, SUPER CLEAN, provides commercial and residential cleaning services. The company is currently using a job costing system. Overhead are allocated based on the direct labour hours. A. Traditional Costing with plant wide method: Using traditional costing the company calculated the overhead cost based on 21 000 hours of activity: Activity cost pools Receptionist Office supplies Estimated cost $ 25,000 $ 3,000 $ 32,500 $ 37.500 $ 98,000 Depreciation tota Required - Part A: Calculate the overhead...
Problem 3: Activity-Based Costing (20 points) University Student Cleanup provides housecleaning services to its clients (primarily university students). During its first year, USC had a simple business model where it charged its customers $24 per hour for services while paying its cleaning specialists $12 per hour. The owner simply assumed the 100% markup over hourly direct labor costs would be enough to cover all additional costs and make a good profit. Unfortunately, this did not tum out to be the...
Most questions answered within 3 hours.
-
Write a chemical equation for these reactions. (Use
the lowest possible whole number coefficients.) Include
states-of-matter...
asked 2 minutes ago -
For each of the Z-scores below, determine two probabilities
(show four three decimal places): (1) the...
asked 37 minutes ago -
Oxidative phosphorylation is achieved through chemiosmotic
coupling, which turns chemical energy into osmotic potential energy
that...
asked 3 hours ago -
Hollywood Shoes would like to maintain their cash account at a
minimum level of $64,000, but...
asked 3 hours ago -
Proteins CtrA-P, DnaA, and GcrA behave similarly to what
molecule in the Eukaryotic Cell Cycle?
asked 3 hours ago -
TRUE OR FALSE
In case of a competitive tender procedure, in the request for
quotation, the...
asked 3 hours ago -
I am a little behind please provide some explanation, will
provide thumbs up.
This question considers...
asked 3 hours ago -
Let say the utility function as U(X,Y) = lnX + Y. Show that the
marginal rate...
asked 3 hours ago -
A current of I=8.0A is flowing in a typical extension cord of
length L=3.00m. The cord...
asked 3 hours ago -
1. When balancing the equation H2SO4 (aq) + NaOH (aq) →
Na2SO4(aq) + H2O(aq), would you...
asked 4 hours ago -
Provide a definition of “classification hierarchy” and
illustrate your definition with an example of how and...
asked 3 hours ago -
1. Describe the four main green solvents. Provide one example of
the use of each solvent....
asked 4 hours ago