Homework Answers
Answer to Problem 3:
Part 1.
Allocation of Activity Cost pool to Assembly:
| Wages and Salaries ($440,000 * 40%) | $176,000 |
| Depreciation ($120,000 * 20%) | $24,000 |
| Rent ($160,000 * 10%) | $16,000 |
| Total Activity Cost | $216,000 |
| Expected Activity | 40,000 Labor Hours |
| Overhead Rate | $5.40 per LH |
Part 2.
Overhead applied to WIP for Assembly = $5.40 * 40,130
Overhead applied to WIP for Assembly = $216,702
Part 3.
Allocation of Activity Cost pool to Order Processing:
| Wages and Salaries ($440,000 * 35%) | $154,000 |
| Depreciation ($120,000 * 30%) | $36,000 |
| Rent ($160,000 * 65%) | $104,000 |
| Total Activity Cost | $294,000 |
| Expected Activity | 600 Orders |
| Overhead Rate | $490 per order |
Part 4.
Overhead applied to WIP for Order Processing = $490 * 595
Overhead applied to WIP for Order Processing = $291,550
Part 5.
Allocation of Activity Cost pool to Others:
| Wages and Salaries ($440,000 * 25%) | $110,000 |
| Depreciation ($120,000 * 50%) | $60,000 |
| Rent ($160,000 * 25%) | $40,000 |
| Total Overhead Allocated | $210,000 |
Add Answer to:
cach. 15 points total Problem-ABC points.ench, 15 i ng its overhead costs for the Tadlock Corporation has provided...
Bennette Corporation has provided the following data concerning its overhead costs for the coming year: Wages...
Bennette Corporation has provided the following data concerning its overhead costs for the coming year: Wages and salaries $ 460,000 Depreciation 180,000 Rent 200,000 Total $ 840,000 The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year: Activity Cost Pool Total Activity Assembly 40,000 labor-hours Order processing 400 orders Other Not applicable The Other activity cost pool does not have a measure of activity; it is used to accumulate...
Bennette Corporation has provided the following data concerning its overhead costs for the coming year: Wages and salar...
Bennette Corporation has provided the following data concerning its overhead costs for the coming year: Wages and salaries Depreciation Rent $420,000 160,000 180,000 $760,000 Total The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year: Activity Cost Pool Assembly Order processing Other Total Activity labor- 40,000 hours 700 orders Not applicable The Other activity cost pool does not have a measure of activity, it is used to accumulate costs...
Bennette Corporation has provided the following data concerning its overhead costs for the coming year: Wages...
Bennette Corporation has provided the following data concerning its overhead costs for the coming year: Wages and salaries Depreciation Rent Total $510,000 205,000 225,000 $940,000 The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year: Activity Cost Pool Total Activity labor- Assembly 45,000 hours Order processing 450 orders Other Not applicable The Other activity cost pool does not have a measure of activity, it is used to accumulate costs...
Huelskamp Corporation has provided the following data concerning its overhead costs for the coming year. Question...
Huelskamp Corporation has provided the following data concerning its overhead costs for the coming year. Question 5 Not yet answered Points out of 1.00 Wages and salaries..... Depreciation Rent Total $360,000 120.000 180,000 $660,000 P Flag question The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year Activity Cost Pool Assembly... Order processing Total Activity 60,000 labor-hours 400 orders Not applicable Other The Other activity cost pool does not...
Bennette Corporation has provided the following data concerning its overhead costs for the coming year Wages...
Bennette Corporation has provided the following data concerning its overhead costs for the coming year Wages and salaries Depreciation Rent Total $410,000 155,000 175,000 $ 740,000 The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year. Activity Cost Pool Total Activity labor- Assembly 35,000 hours Order processing 350 orders Other Not applicable The Other activity cost pool does not have a measure of activity, it is used to accumulate...
Blondie's Hair Extensions, Inc. makes hair extensions. They have provided the following data concerning its overhead...
Blondie's Hair Extensions, Inc. makes hair extensions. They have provided the following data concerning its overhead costs for the coming year: Wages and salaries $ 430,000 Depreciation 165,000 Rent 185,000 Total $ 780,000 Blondie's uses the activity-based costing system and have identified the activity pools "Assembly", "Order Processing" and "Other" and have provided the estimated level of activity for the upcoming year: Activity Cost Pool Total Activity Assembly 45,000 labor-hours Order processing 600 orders Other Not applicable The "Other" activity...
Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costs Wages...
Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costs Wages and salaries Other overhead costs Total overhead costs $ 300,000 100,000 $ 400,000 Activity Cost Pool Supporting direct labor Order processing Customer support Other Activity Measure Number of direct labor-hours Number of customer orders Number of customers This is an organization- sustaining activity Total Activity for the Year 20,000 DLHS 400 orders 200 customers Not applicable Distribution of Resource Consumption Across Activities Supporting Order...
Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costs $...
Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costs $ зее, еее Wages and salaries Other overhead costs 100, 000 $ 400,000 Total overhead costs Total Activity for the Activity Cost Pool Supporting direct labor Order processing Customer support Other Activity Measure Number of direct labor-hours Number of customer orders Number of customers This is an organization- sustaining activity Year 20,000 DLHS 400 orders 200 customers Not applicable Distribution of Resource Consumption Across Activities...
Cancico Communications has supplied the following data for use in its ABC system: Overhead Costs Wages...
Cancico Communications has supplied the following data for use in its ABC system: Overhead Costs Wages and salaries $ 295,000 Other overhead costs 163,000 Total overhead costs $ 458,000 Activity Cost Pool Activity Measure Total Activity Direct labour support Number of direct labour-hours 12,110 DLHs Order processing Number of orders 500 orders Customer support Number of customers 120 customers Other These costs are not allocated to products or customers NA Distribution of Resource Consumption across Activity Cost Pools Direct Labour...
Cancico Communications has supplied the following data for use in its ABC system: Overhead Costs Wages...
Cancico Communications has supplied the following data for use
in its ABC system:
Overhead Costs
Wages and salaries
$
295,000
Other overhead costs
163,000
Total overhead costs
$
458,000
Activity Cost Pool
Activity Measure
Total Activity
Direct labour support
Number of direct labour-hours
12,110
DLHs
Order processing
Number of orders
500
orders
Customer support
Number of customers
120
customers
Other
These costs are not allocated
to products or customers
NA
Distribution of Resource Consumption
across Activity Cost Pools
Direct
Labour...
Bennette Corporation has provided the following data concerning its overhead costs for the coming year: Wages and salaries Depreciation Rent $420,000 160,000 180,000 $760,000 Total The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year: Activity Cost Pool Assembly Order processing Other Total Activity labor- 40,000 hours 700 orders Not applicable The Other activity cost pool does not have a measure of activity, it is used to accumulate costs...
Bennette Corporation has provided the following data concerning its overhead costs for the coming year: Wages and salaries Depreciation Rent Total $510,000 205,000 225,000 $940,000 The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year: Activity Cost Pool Total Activity labor- Assembly 45,000 hours Order processing 450 orders Other Not applicable The Other activity cost pool does not have a measure of activity, it is used to accumulate costs...
Huelskamp Corporation has provided the following data concerning its overhead costs for the coming year. Question 5 Not yet answered Points out of 1.00 Wages and salaries..... Depreciation Rent Total $360,000 120.000 180,000 $660,000 P Flag question The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year Activity Cost Pool Assembly... Order processing Total Activity 60,000 labor-hours 400 orders Not applicable Other The Other activity cost pool does not...
Bennette Corporation has provided the following data concerning its overhead costs for the coming year Wages and salaries Depreciation Rent Total $410,000 155,000 175,000 $ 740,000 The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year. Activity Cost Pool Total Activity labor- Assembly 35,000 hours Order processing 350 orders Other Not applicable The Other activity cost pool does not have a measure of activity, it is used to accumulate...
Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costs Wages and salaries Other overhead costs Total overhead costs $ 300,000 100,000 $ 400,000 Activity Cost Pool Supporting direct labor Order processing Customer support Other Activity Measure Number of direct labor-hours Number of customer orders Number of customers This is an organization- sustaining activity Total Activity for the Year 20,000 DLHS 400 orders 200 customers Not applicable Distribution of Resource Consumption Across Activities Supporting Order...
Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costs $ зее, еее Wages and salaries Other overhead costs 100, 000 $ 400,000 Total overhead costs Total Activity for the Activity Cost Pool Supporting direct labor Order processing Customer support Other Activity Measure Number of direct labor-hours Number of customer orders Number of customers This is an organization- sustaining activity Year 20,000 DLHS 400 orders 200 customers Not applicable Distribution of Resource Consumption Across Activities...
Cancico Communications has supplied the following data for use
in its ABC system:
Overhead Costs
Wages and salaries
$
295,000
Other overhead costs
163,000
Total overhead costs
$
458,000
Activity Cost Pool
Activity Measure
Total Activity
Direct labour support
Number of direct labour-hours
12,110
DLHs
Order processing
Number of orders
500
orders
Customer support
Number of customers
120
customers
Other
These costs are not allocated
to products or customers
NA
Distribution of Resource Consumption
across Activity Cost Pools
Direct
Labour...
Most questions answered within 3 hours.
-
What is the net ionic equation for the reaction that would occur
when an aqueous solution...
asked 22 minutes ago -
A
student bought $1000 worth of furniture. What is the equivalent
annual cost if it is...
asked 29 minutes ago -
What taboo subject did Ida B. Wells suggest was consensual
between black men and white women?...
asked 2 hours ago -
You have just been hired by the EPA to help with the new gas
mileage standards...
asked 2 hours ago -
4) A firm is hit by increases in its wage rate, w.
a) How does this...
asked 3 hours ago -
A square current loop 5.4 cm on each side carries a 510 mA
current. The loop...
asked 5 hours ago -
What are five tips in conducting knowledge assessment/literature
review research? Each of these tips needs to...
asked 5 hours ago -
Antigen presenting cells link innate and adaptive immune
responses. In the theoretical scenario where phagosomes cannot...
asked 5 hours ago -
Dealing with conflict, in my opinion, is a skill and an art. I
believe that those...
asked 6 hours ago -
6. A long straight wire with circular cross section and radius
1.5 cm carries a 1.2...
asked 6 hours ago -
Deacon Corporation has provided the following financial data
from its balance sheet and income statement:
Year...
asked 7 hours ago -
List and discuss at least three variables from everyday life for
which you expect the variable ...
asked 7 hours ago