Please include details and show formulas on how to complete the problem.. Thanks Columbus Company provides...
Please include details and show formulas on how to complete the problem.. Thanks
Columbus Company provides the following ABC costing information: Activities- Total Costs/ Activity-cost drivers = Labor $336,000/ 8,000 hours
Gas $84,000/ 7,000 gallons
Invoices $180,000 /7,500 invoices
Total costs $600,000
The above activities used by their three departments are: Lawn Department labor- 3,100 hours.. Bush Department- labor 1,500 hours.. Plowing Department Labor 3,400 hours
Gas Lawn= 1,900 gallons... Bush= 900 gallons... Plowing= 4,200 gallons
Invoices Lawn= 1,300 invoices.... Bush= 400 invoices ...Plowing=5,800 invoices
If labor hours are used to allocate the non-labor, overhead costs, what is the overhead allocation rate? 10) A) $75.00 per hour B) $26.67 per hour C) $42.00 per hour D) $33.00 per hour
Homework Answers
Given costs are,
Labor $336,000;
Gas $84,000;
Invoices $180,000.
Therefore, Non-labor overhead costs refers to the costs of Gas and Invoices.
Total Non-Labor Overhead Costs = $264,000.
To allocate the non-labor overhead costs, labour hours are used, we need to find the total labour hours.
In the question it is clearly specified that total Labor Hours are 8,000 hours.
And we are even provided with the labour hours distribution among the three departments.
Lawn Department uses 3,100 labor hours;
Bush Department uses 1,500 labor hours and
Plowing Department uses 3,400 labor hours.
If we add these labor hours we would also get 8,000 labor hours.
To find the overhead allocation rate for non-labor overhead costs, we need to divide the total non-labor overhead costs by the total labor hours employed.
Overhead Allocation Rate = 
= $33.00 per labor hour.
Therefore, overhead allocation rate for non-labor overhead costs based on labor hours usage is $33.00 per labor hour.
Hope this is helpful!!
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Please include details and show formulas on how to complete the
problem.. Thanks
Columbus Company provides...
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