Question

Company incurs $480,000 overhead costs each year in its three main departments, setup ($30,000), machining ($330,000), and pa
0 0
Add a comment Improve this question Transcribed image text
Answer #1


Solution: 96 Overhead rate=Estimated MOH/Estimated MHL 480000/5000 Overhead assigned to Product A1=1000*96 96000

Add a comment
Know the answer?
Add Answer to:
Company incurs $480,000 overhead costs each year in its three main departments, setup ($30,000), machining ($330,00...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 30. Foxx Company incurs $480,000 overhead costs each year in its three main departments, setup ($30,000),...

    30. Foxx Company incurs $480,000 overhead costs each year in its three main departments, setup ($30,000), machining ($330,000), and packing ($120, 000). The setup department performs 40 setups per year, the machining department works 5,000 hours per year, and the packing department packs 500 orders per year. Information about Foxx's two products is as follows: Product A1 Product B1 20 4,000 350 400 Number of setups Machining hours Orders packed Number of products manufactured 20 1,000 150 600 Using ABC,...

  • Foro Como company incurs $480,000 overhead cos erhead costs each year in its three main departments,...

    Foro Como company incurs $480,000 overhead cos erhead costs each year in its three main departments, setup ($30,000)machining ($330,000). and packing ($120,000). The setup dep performs 40 setups per year, the machining department works 5,000 hours per the packing department packs 500 orders per year. Information about is as follows: ww orders per year. Information about Foxx's two products works 5,000 hours per year, and Number of setups Machining hours Orders packed Number of products manufactured Product A1 20 1,000...

  • Windsor Co. incurs $1128000 of overhead costs each year in its three main departments, machining ($640000),...

    Windsor Co. incurs $1128000 of overhead costs each year in its three main departments, machining ($640000), inspections ($320000) and packing ($168000). The machining department works 4000 hours per year, there are 600 inspections per year, and the packing department packs 1000 orders per year. Information about Windsor’s two products is as follows: Product X Product Y Machining hours 1000 3000 Inspections 100 500 Orders packed 350 650 Direct labor hours 1700 1800 Using ABC, how much overhead is assigned to...

  • View Policies Current Attempt in Progress Windsor Co. incurs $1145625 of overhead costs each year in...

    View Policies Current Attempt in Progress Windsor Co. incurs $1145625 of overhead costs each year in its three main departments, machining ($650000), inspections ($325000) and packing ($170625). The machining department works 4000 hours per year, there are 600 inspections per year, and the packing department packs 1000 orders per year. Information about Windsor's two products is as follows: Product 1000 Machining hours Inspections Orders packed Direct labor hours 100 350 1700 Product Y 3000 500 650 1800 if traditional costing...

  • Ripa Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have been allocated...

    Ripa Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have been allocated to the company's three activity pools as follows: Machining. $111,755; Order Filling, $175,800; and Fabrication, $135,405. Machining costs are assigned to products based on machine hours, Order Filling are assigned based on the number of orders, and Fabrication costs are assigned based on the number of machine setups required. Activity data are as follows: Machine Orders Setups Hours Product 750 255 1,560 X Product...

  • Flynn Industries has three activity cost pools and two products. It estimates production 2,000 un...

    Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Estimated Use of Cost Drivers per Product Estimated Use of Cost Product Product Annual Overhead Data Estimated Overhead $18,500 106,920 35,640 Drivers per Activity Activity Cost Pools Machine setup Machining...

  • Hammer Company produces a variety of electronic equipment. One of its plants produces two laser printers:...

    Hammer Company produces a variety of electronic equipment. One of its plants produces two laser printers: the deluxe and the regular. At the beginning of the year, the following data were prepared for this plant: Deluxe Regular Quantity 100,000 800,000 Selling price $900 $750 Unit prime cost $529 $483 In addition, the following information was provided so that overhead costs could be assigned to each product: Activity Name Activity Driver Deluxe Regular Activity Cost Setups Number of setups 300 200...

  • + BACK NEXT CALCULATOR PRINTER VERSION Do It Review 4-2- Flynn Industries has three activity cost...

    + BACK NEXT CALCULATOR PRINTER VERSION Do It Review 4-2- Flynn Industries has three activity cost pools and the products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cont drivers Estimated Use of Annual Overhead Data Cast Drivers per Product Estimated Estimated Use of Cost Product Product Activity Cost Pools...

  • Machine Setups Machining hours Do It Review 4-2 0-0 Plynn Industries has three activity cost pools...

    Machine Setups Machining hours Do It Review 4-2 0-0 Plynn Industries has three activity cost pools and two products. It estimated production 2,000 units of Product BC113 and 1,000 of Product ADS08. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers Estimated Use of Annual Overhead Data Cost Drivers per Product Estimated Estimated COM Product Product Activity Overhead Drivers 8C113 ADSOB Cost...

  • Adity a nd Activity and Product Casting Hammer Company produces a variety of ectronicament. One of...

    Adity a nd Activity and Product Casting Hammer Company produces a variety of ectronicament. One of its parts product the end there the beginning the year, the wing data were prepared for this Deluxe Regular Quantity 100.000 500.000 Selling price Unit grime cost 1900 $750 $529 r mation was provided In addition, the fo that had to b e d tech product: Activity Name Activity the De Regular Activity Cost Setups Number of setups $1,350,000 Machine Hours Machining 500.000 100,000...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT