Homework Answers
11. Answer A.$96.40
| Working | ||||
| Activity | Allocation base | Allocation rate | Parts/MH required per fan | cost |
| Material handling | Number of parts | $0.08 | 20 | $1.60 |
| Machining | machine hrs | $6.20 | 4 | $24.80 |
| Total manafacturing cost per Fan | ||||
| Particulars | Amount | |||
| Direct material | $70 | |||
| Material handling | $1.60 | |||
| Machining | $24.80 | |||
| Total | $96.40 | |||
12 Answer A $6.08
| Working | ||
| Target profit margin | 24% of $ 8 | |
| $1.92 | ||
| Market price | $8 | |
| Target cost | Selling Price – Profit Margin | |
| $8-$1.92 | ||
| $6.08 per bottle | ||
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comem collection Supe SOUMILIT What is the machining cost per ceiling fan? A. $0.32 OB. $24.80...
Question Help Tranquility Company manufactures ceiling fans and uses an activity-based costing system. Each ceiling fan...
Question Help Tranquility Company manufactures ceiling fans and uses an activity-based costing system. Each ceiling fan has 20 separate parts. The direct materials cost is $75 and each ceiling fan requires 4 hours of machine time to manufacture. There is no direct labor. Additional information is as follows: Predetermined Overhead Activity Allocation Base Allocation Rate Materials handling Number of parts $ 0.04 Machining Machine hours 68 Assembling Number of parts 0.25 Packaging Number of finished units 3.2 What is the...
32) Tranquility Company manufactures ceiling fans and uses an activity-based costing system. Each ceiling fan has...
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Howell Corporation's activity based costing system has three activity cost pools--Machining. Setting Up, and other. The...
Howell Corporation's activity based costing system has three activity cost pools--Machining. Setting Up, and other. The company's overhead costs, which consist of equipment depreciation and indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources. Equipment depreciation (total) Indirect labor (total) $ 27,200 $ 7,840 Distribution of Resource Consumption Across Activity Cost Pools Equipment depreciation Indirect labor Machining 0.40 0.40 Setting Up Other 0.300 .30 0.30 0.30 Costs in the Machining cost...
Question Help Tranquility Company manufactures ceiling fans and uses an activity-based costing system. Each ceiling fan has 20 separate parts. The direct materials cost is $75 and each ceiling fan requires 4 hours of machine time to manufacture. There is no direct labor. Additional information is as follows: Predetermined Overhead Activity Allocation Base Allocation Rate Materials handling Number of parts $ 0.04 Machining Machine hours 68 Assembling Number of parts 0.25 Packaging Number of finished units 3.2 What is the...
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(Ch4) A relevant facility-level cost driver for heating costs is Select one: O a. direct labor costs. O b. machine hours. O c. floor space. O d. direct material. (CH4) CR Co. has identified an activity cost pool to which it has allocated estimated overhead of $2,000,000. It has determined the estimated use of cost drivers for that activity to be 200,000 inspections. Product Widgets require 50,000 inspections, Product Gadgets 30,000 inspections, and Product Targets 20,000 inspections. The overhead assigned...
QUESTION 18 Andrews Company manufactures desks and uses an activity-based costing system to allocate all manufacturing conversion costs. Each desk consists of 20 separate parts totaling $240 in direct materials, and requires 5.0 hours of machine time to produce. Additional information follows: Activity Allocation Base Cost Allocation Rate Materials handling Number of parts $2.00 per part Machining Machine hours $2.75 per machine hour Assembling Number of parts $1.00 per part Packaging Number of finished units $3.00 per finished unit What...
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Howell Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs, which consist of equipment depreciation and indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources Equipment depreciation (total) Indirect labor (total) $32,300 $7.250 Distribution of Resource Consumption Across Activity Cost Pools Machining Setting up Equipment depreciation ceciation 0.50 0.30 0.30 Indirect labor other 0.30 0.20 Costs in the Machining cost pool are assigned...
Howell Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs, which consist of equipment depreciation and Indirect labor, are allocated to the cost pools In prop cost pools' consumption of resources. Equipment depreciation (total) Indirect labor (total) $ 34,400 $ 7,730 Distribution of Resource Consumption Across Activity Cost Pools Equipment depreciation Indirect labor Machining 2.30 2.40 Setting Up 2.30 0.28 Other 0.40 0.40 Costs in the Machining cost pool are assigned to...
Howell Corporation's activity based costing system has three activity cost pools--Machining. Setting Up, and other. The company's overhead costs, which consist of equipment depreciation and indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources. Equipment depreciation (total) Indirect labor (total) $ 27,200 $ 7,840 Distribution of Resource Consumption Across Activity Cost Pools Equipment depreciation Indirect labor Machining 0.40 0.40 Setting Up Other 0.300 .30 0.30 0.30 Costs in the Machining cost...
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