Homework Answers
ABC allocation Rate = Budgeted cost of activity /Budgeted total qty of cost allocation base.
| Overhead allocation | |||
| Activity | Activity rates | Job 220 | Job 330 |
| Purchasing | 28500/1500=19 per purchase order | 19*21=399 | 19*9=171 |
| Material handling | 47700/5300=9 per material moves | 9*18=162 | 9*6=54 |
| machine maintenance | 100000/10000=10 per machine hours | 30*10=300 | 70*10=700 |
| product inspection | 6800/1700=4 per inspections | 10*4=40 | 4*2=8 |
| packaging | 13200/3300=4 per unit produced | 4*17=68 | 4*5=20 |
| Overhead allocated | 969 | 953 | |
Add Answer to:
19.62 per mach. hour Now calculate the total overhead allocated to each job under a simple...
1. Compute the total overhead allocated to each job under a simple costing system, where overhead...
1.
Compute the total overhead allocated to each job under a simple
costing system, where overhead is allocated based on
machine-hours.
2.
Compute the total overhead allocated to each job under an
activity-based costing system using the appropriate activity
drivers.
3.
Explain why Shirley's Custom Framing might favor the ABC
job-costing system over the simple job-costing system, especially
in its bidding process.
*There should be 10 total parts to this problem.
The job-costing system at Shirley's Custom Framing has five...
The job costing system at Suzy's Custom Framing has ve indirect contpools (purchasing, material handing machine...
The job costing system at Suzy's Custom Framing has ve indirect contpools (purchasing, material handing machine maintenance product inspection, and packaging). The company is in the process of bidding on two jobs Job 215. an order of 10 inche personalized frames, and Job 325an order of 6 standard personalized frames. The controller wants you to compare overhead allocated under the current simple job-costing wystem and a newly designed activity based job-costing system. Total budgeted costs in each indirect cost pool...
The job costing system at Shelby's Custom Framing has five indirect cost pools (purchasing, material handling,...
The job costing system at Shelby's Custom Framing has five indirect cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). The company is in the process of bidding on two jobs; Job 215, an order of 16 intricate personalized frames, and Job 325, an order of 4 standard personalized frames. The controller wants you to compare overhead alocated under the current simple job-costing system and a newly designed activity-based job-costing system. Total budgeted costs in each indirect cost...
The job costing system at Shannon's Custom Framing has five indirect cost pools (purchasing, material handling,...
The job costing system at Shannon's Custom Framing has five indirect cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). The company is in the process of bidding on two jobs, Job 215, an order of 15 intricate personalized frames, and Job 325, an order of 5 standard personalized frames. The controller wants you to compare overhead allocated under the current simple job-costing system and a newly designed activity-based job costing system. Total budgeted costs in each indirect...
MacBook Ar iey based eosting. The job-costing system a Mel and packaging he company is in...
MacBook Ar iey based eosting. The job-costing system a Mel and packaging he company is in the process of bidding on two Johs: Joi ody's Custom erhead alloca activity-based job-costing system. Total budgeted system and a new.ly designed inlinest cvst peoso and the budged quantity of activity driver are as follows Budgeted Gity Aetivity Driv Budgeted Overhesd 6800 Packaging Unts produced Information related to Job 220 and Job 330 follows. Job 220 incurs more batch-level so because it uses more...
1. Calculate the current indirect cost allocation rate per professional hour. Calculate the total amount that...
1. Calculate the current indirect cost allocation rate per professional hour. Calculate the total amount that would be billed to Laughlin given the current costing structure Calculate the activity cost allocation rates that could be used to allocate operating overhead costs to client jobs. Calculate the amount that would be billed to Laughlin using ABC costing. Which type of billing system is more fair to clients? Explain. Print Done Benson & Company is an architectural firm specializing in home remodeling...
Aniline Corporation owns a small printing press that prints leaflets, brochures, and advertising materials. Aniline classifies...
Aniline Corporation owns a small printing press that prints leaflets, brochures, and advertising materials. Aniline classifies its various printing jobs as standard jobs or special jobs. (Click the icon to view additional information.) B с D E Cause-and-Effect Relationship Between Allocation Base and Activity Cost 1 Standard Job Special Job Total 2,400 1,200 $ 1,700 $ 2,000 2 Number of printing jobs 3 Price per Job Cost of supplies per job 5 Direct labor cost per job 6 Printing machine-hours...
The job costing system at Shirley's Custom Framing has five indirect cost pools (purchasing, material handling,...
The job costing system at Shirley's Custom Framing has five indirect cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). The company is in the process of bidding on two jobs; Job 215, an order of 17 intricate personalized frames, and Job 325, an order of 6 standard personalized frames. The controller wants you to compare overhead allocated under the current simple job-costing system and a newly designed activity-based job-costing system. Total budgeted costs in each indirect cost...
The job costing system at Suzy's Custom Framing has five indirect cost pools (purchasing, material handling,...
The job costing system at Suzy's Custom Framing has five indirect cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). The company is in the process of bidding on two jobs; Job 215, an order of 15 intricate personalized frames, and Job 325, an order of 5 standard personalized frames. The controller wants you to compare overhead allocated under the current simple job-costing system and a newly designed activity-based job-costing system. Total budgeted costs in each indirect cost...
Gamble Products has adopted an ABC costing system. The following manufacturing The Job Cost Record for...
Gamble Products has adopted an ABC costing system. The following manufacturing The Job Cost Record for Job #624 revealed that direct materials requisitioned f activities, indirect manufacturing costs, and cost drivers have been identified: the job totaled $1,100. The Job Cost Record also showed that direct labor for th (Click the icon to view the activity costs and drivers.) job totaled 12 hours at a wage rate of $29 per hour. Other data collected on the resources used by Job...
1.
Compute the total overhead allocated to each job under a simple
costing system, where overhead is allocated based on
machine-hours.
2.
Compute the total overhead allocated to each job under an
activity-based costing system using the appropriate activity
drivers.
3.
Explain why Shirley's Custom Framing might favor the ABC
job-costing system over the simple job-costing system, especially
in its bidding process.
*There should be 10 total parts to this problem.
The job-costing system at Shirley's Custom Framing has five...
The job costing system at Suzy's Custom Framing has ve indirect contpools (purchasing, material handing machine maintenance product inspection, and packaging). The company is in the process of bidding on two jobs Job 215. an order of 10 inche personalized frames, and Job 325an order of 6 standard personalized frames. The controller wants you to compare overhead allocated under the current simple job-costing wystem and a newly designed activity based job-costing system. Total budgeted costs in each indirect cost pool...
The job costing system at Shelby's Custom Framing has five indirect cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). The company is in the process of bidding on two jobs; Job 215, an order of 16 intricate personalized frames, and Job 325, an order of 4 standard personalized frames. The controller wants you to compare overhead alocated under the current simple job-costing system and a newly designed activity-based job-costing system. Total budgeted costs in each indirect cost...
The job costing system at Shannon's Custom Framing has five indirect cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). The company is in the process of bidding on two jobs, Job 215, an order of 15 intricate personalized frames, and Job 325, an order of 5 standard personalized frames. The controller wants you to compare overhead allocated under the current simple job-costing system and a newly designed activity-based job costing system. Total budgeted costs in each indirect...
MacBook Ar iey based eosting. The job-costing system a Mel and packaging he company is in the process of bidding on two Johs: Joi ody's Custom erhead alloca activity-based job-costing system. Total budgeted system and a new.ly designed inlinest cvst peoso and the budged quantity of activity driver are as follows Budgeted Gity Aetivity Driv Budgeted Overhesd 6800 Packaging Unts produced Information related to Job 220 and Job 330 follows. Job 220 incurs more batch-level so because it uses more...
1. Calculate the current indirect cost allocation rate per professional hour. Calculate the total amount that would be billed to Laughlin given the current costing structure Calculate the activity cost allocation rates that could be used to allocate operating overhead costs to client jobs. Calculate the amount that would be billed to Laughlin using ABC costing. Which type of billing system is more fair to clients? Explain. Print Done Benson & Company is an architectural firm specializing in home remodeling...
Aniline Corporation owns a small printing press that prints leaflets, brochures, and advertising materials. Aniline classifies its various printing jobs as standard jobs or special jobs. (Click the icon to view additional information.) B с D E Cause-and-Effect Relationship Between Allocation Base and Activity Cost 1 Standard Job Special Job Total 2,400 1,200 $ 1,700 $ 2,000 2 Number of printing jobs 3 Price per Job Cost of supplies per job 5 Direct labor cost per job 6 Printing machine-hours...
The job costing system at Shirley's Custom Framing has five indirect cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). The company is in the process of bidding on two jobs; Job 215, an order of 17 intricate personalized frames, and Job 325, an order of 6 standard personalized frames. The controller wants you to compare overhead allocated under the current simple job-costing system and a newly designed activity-based job-costing system. Total budgeted costs in each indirect cost...
The job costing system at Suzy's Custom Framing has five indirect cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). The company is in the process of bidding on two jobs; Job 215, an order of 15 intricate personalized frames, and Job 325, an order of 5 standard personalized frames. The controller wants you to compare overhead allocated under the current simple job-costing system and a newly designed activity-based job-costing system. Total budgeted costs in each indirect cost...
Gamble Products has adopted an ABC costing system. The following manufacturing The Job Cost Record for Job #624 revealed that direct materials requisitioned f activities, indirect manufacturing costs, and cost drivers have been identified: the job totaled $1,100. The Job Cost Record also showed that direct labor for th (Click the icon to view the activity costs and drivers.) job totaled 12 hours at a wage rate of $29 per hour. Other data collected on the resources used by Job...
Most questions answered within 3 hours.
-
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 42 minutes ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 44 minutes ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 50 minutes ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 54 minutes ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 1 hour ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 1 hour ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 1 hour ago -
Write MARIE assembly language programs that do the following:
Write a program that inputs an integer...
asked 1 hour ago -
Explain an understanding of services and protocols.
Explain the job of DNS.
Explain the three email...
asked 1 hour ago -
(As soon as possible) Balance each of the following equations
according to the half-reaction method:
H2O2(aq)...
asked 1 hour ago -
A thin rod with a mass of 3.5kg and a length L=1.5 m is oriented
horizontally....
asked 1 hour ago -
Inheritance pattern in BRCA 1
Describe the inheritance pattern of BRCA 1 Is it recessive or...
asked 1 hour ago