Homework Answers
| Activity based overhead rate for inspection cost pool = Expected inspection overhead cost / Expected inspections = 400000 / 4000 | 100 | per inspection |
Add Answer to:
ses and make sure your NAME IS UII SII 21, For its inspecting cost pool, Ellsworth, Inc. expected overhead cost of...
For its inspecting cost pool, Ellsworth, Inc. expected overhead cost of $400,000 and 4,000 inspections. The...
For its inspecting cost pool, Ellsworth, Inc. expected overhead cost of $400,000 and 4,000 inspections. The actual overhead cost for that cost pool was $480,000 for 5,000 inspections. The activity-based overhead rate used to assign the costs of the inspecting cost pool to products is $120 per inspection. $80 per inspection. $96 per inspection. $100 per inspection.
Which of the following is not a batch-level activity! 1) Assembling 2) Inspection 3) Equipment setups...
Which of the following is not a batch-level activity! 1) Assembling 2) Inspection 3) Equipment setups 4) Purchase ordering Question 27 (2.5 points) For its inspecting cost pool, Davidson, Inc. expected overhead cost of $300,000 and 4,000 inspections. The actual overhead cost for that cost pool was $360,000 for 5,000 inspections. The activity-based overhead rate used to assign the costs of the inspecting cost pool to products is 1) $60 per inspection. 2) $72 per inspection. 3) $75 per inspection....
QUESTION 19 Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are...
QUESTION 19 Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year Activity Cost Cost Driver Pool Ordering and Orders Receiving Machine Setup Setups Machining Assembly Inspection Cost Driver Activity Est. Overhead $120,000 500 orders 450 setups 1,500,000 125,000 MH 1,200,000 1,000,000 parts 500 inspections 297,000 Machine hours Parts |Inspections 300,000 If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is $1.20 per direct...
cost POOL
Alonzo Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, YuYu Ortega, has developed the following information:CarTruckEstimated wheels produced43,00020,000Direct labour hours per wheel24Total estimated overhead costs for the two product lines are $ 830,000.A) Calculate the overhead cost assigned to the car wheels and truck wheels, assuming that direct labour hours are used to allocate overhead costs.Car wheels$ enter a dollar amountTruck wheels$ enter a dollar amountTotal overhead$ enter a...
7. Ryan Corporation has provided the following data from its activity-based costing system: Activity Cost Pool...
7. Ryan Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Assembly..... $698,950 35,000 machine-hours Processing orders ....... $85,101 1,900 orders Inspection ......... $107,440 1,580 inspection-hours Data concerning the company's product P58Z appear below: Annual unit production and sales...... 400 Annual machine-hours...... 1,000 Annual number of orders. 90 Annual inspection hours.......... 30 Direct materials cost ........ $34.78 per unit Direct labor cost... $23.52 per unit According to the activity-based costing system,...
c. assigns activity cost pools to products and services, then allocates overhead back to the activity...
c. assigns activity cost pools to products and services, then allocates overhead back to the activity cost pools. d. allocates overhead directly to products and services based on activity levels e. none of these answers are correct. 21. Which of the following has the weakest linkage between activity and cost driver? Activity Machine setup Machine maintenance Lighting on shop floor Quality control Manual cloth making Cost Driver Number of setups Book value of machines Number of kilowatt-bours Square feet of...
Activity Cost Pool Activity Measure Estimated Overhead $ Purchasing Number of Orders $12,000.00 Material Handling Number...
Activity Cost Pool Activity Measure Estimated Overhead $
Purchasing Number of Orders $12,000.00 Material Handling Number of
Receipts $15,000.00 Production orders Set-up Hours $20,250.00
Inspection Inspection Hours $16,000.00 Frame assembly Assembly
Hours $8,000.00 Machine related Machine Hours $30,000.00 Total
Manufacturing Overhead costs $101,250.00.
To complete an "activity-based" cost structure, you are required
to apply manufacturing overhead to each of the briefcase products
on the activity cost pool data provided. Note that the Activity
Cost Pools are determined by management and...
Process Activity Components Changeover Machining Setups Quantity 890 7,880 80 Finishing Welding Inspecting Rework Overhead Cost...
Process Activity Components Changeover Machining Setups Quantity 890 7,880 80 Finishing Welding Inspecting Rework Overhead Cost Driver $ 618,550 Number of batches 369,572 Machine hours 149,200 Number of setups . $1,137, 322 $ 278,550 Welding hours 343,650 Number of inspections 51,000 - Rework orders $ 673,200 $ 193,800 Purchase orders 31,100 Number of units 135,070 Number of units 4,500 870 200 Support Purchasing Providing space Providing utilities 570 8,700 8,700 $ 359,970 Additional production information concerning its two product lines...
24. For a company using arti...- 20. The following estimated overhead cost information is available for...
24. For a company using arti...- 20. The following estimated overhead cost information is available for Michaels Company for the most recent year. Activity Allocation base Overhead cost Purchasing Number of purchase orders $400,000 Receiving Number of shipments received $210,000 Machine Setups Number of setups $320,000 Quality Control Number of inspections $ 90,000 The company anticipates the following activity levels during the year: 5,000 purchase orders issued: 7,000 shipments received; 80,000 machine setups performed; and 9,000 inspections conducted What is...
8.Quasi-Tech Corporation produces specially machined parts. The parts are produced in batches in one continuous manufacturing...
8.Quasi-Tech Corporation produces specially machined parts. The parts are produced in batches in one continuous manufacturing process. Each part is custom produced and requires special engineering design activity (based on customer specifications). Once the design is completed, the equipment can be set up for batch production. Once the batch is completed, a sample is taken and inspected to see if the parts are within the tolerances allowed. Thus, the manufacturing process has four activities: engineering, setups, machining, and inspecting. Costs...
Which of the following is not a batch-level activity! 1) Assembling 2) Inspection 3) Equipment setups 4) Purchase ordering Question 27 (2.5 points) For its inspecting cost pool, Davidson, Inc. expected overhead cost of $300,000 and 4,000 inspections. The actual overhead cost for that cost pool was $360,000 for 5,000 inspections. The activity-based overhead rate used to assign the costs of the inspecting cost pool to products is 1) $60 per inspection. 2) $72 per inspection. 3) $75 per inspection....
QUESTION 19 Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year Activity Cost Cost Driver Pool Ordering and Orders Receiving Machine Setup Setups Machining Assembly Inspection Cost Driver Activity Est. Overhead $120,000 500 orders 450 setups 1,500,000 125,000 MH 1,200,000 1,000,000 parts 500 inspections 297,000 Machine hours Parts |Inspections 300,000 If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is $1.20 per direct...
7. Ryan Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Assembly..... $698,950 35,000 machine-hours Processing orders ....... $85,101 1,900 orders Inspection ......... $107,440 1,580 inspection-hours Data concerning the company's product P58Z appear below: Annual unit production and sales...... 400 Annual machine-hours...... 1,000 Annual number of orders. 90 Annual inspection hours.......... 30 Direct materials cost ........ $34.78 per unit Direct labor cost... $23.52 per unit According to the activity-based costing system,...
c. assigns activity cost pools to products and services, then allocates overhead back to the activity cost pools. d. allocates overhead directly to products and services based on activity levels e. none of these answers are correct. 21. Which of the following has the weakest linkage between activity and cost driver? Activity Machine setup Machine maintenance Lighting on shop floor Quality control Manual cloth making Cost Driver Number of setups Book value of machines Number of kilowatt-bours Square feet of...
Activity Cost Pool Activity Measure Estimated Overhead $
Purchasing Number of Orders $12,000.00 Material Handling Number of
Receipts $15,000.00 Production orders Set-up Hours $20,250.00
Inspection Inspection Hours $16,000.00 Frame assembly Assembly
Hours $8,000.00 Machine related Machine Hours $30,000.00 Total
Manufacturing Overhead costs $101,250.00.
To complete an "activity-based" cost structure, you are required
to apply manufacturing overhead to each of the briefcase products
on the activity cost pool data provided. Note that the Activity
Cost Pools are determined by management and...
Process Activity Components Changeover Machining Setups Quantity 890 7,880 80 Finishing Welding Inspecting Rework Overhead Cost Driver $ 618,550 Number of batches 369,572 Machine hours 149,200 Number of setups . $1,137, 322 $ 278,550 Welding hours 343,650 Number of inspections 51,000 - Rework orders $ 673,200 $ 193,800 Purchase orders 31,100 Number of units 135,070 Number of units 4,500 870 200 Support Purchasing Providing space Providing utilities 570 8,700 8,700 $ 359,970 Additional production information concerning its two product lines...
24. For a company using arti...- 20. The following estimated overhead cost information is available for Michaels Company for the most recent year. Activity Allocation base Overhead cost Purchasing Number of purchase orders $400,000 Receiving Number of shipments received $210,000 Machine Setups Number of setups $320,000 Quality Control Number of inspections $ 90,000 The company anticipates the following activity levels during the year: 5,000 purchase orders issued: 7,000 shipments received; 80,000 machine setups performed; and 9,000 inspections conducted What is...
Most questions answered within 3 hours.
-
In response to high inflation in the United States, let us
assume that the Federal Reserve...
asked 1 hour ago -
Which of the following is not an example of the public
health sector's responsibility?
a.immunization of...
asked 1 hour ago -
Search the Internet to find (at least 2 websites) related to the
general field of malware...
asked 3 hours ago -
A solution of methanoic acid, HCOOH (Ka = 1.8 ×
10-4) has pH 2.69. What amount...
asked 4 hours ago -
Nike Becomes a Global Citizen
Craig E. Johnson
In 1962, Stanford University student Phil Knight came...
asked 4 hours ago -
You have $35,000 to invest in a stock portfolio. Your choices
are Stock X with an...
asked 5 hours ago -
An ideal toroidal solenoid (Figure 1) has inner radius r1 = 15.5
cm and outer radius...
asked 7 hours ago -
A student sees her physical science professor approaching on the
sidewalk that runs by her dorm....
asked 9 hours ago -
I need to make up a critical incident report for client with
PTSD
asked 9 hours ago -
A champion athlete can produce one horsepower (746 W) for a
short period of time. If...
asked 10 hours ago -
Accidents_Daily_(X)
P(X)
0
0,26
1
0,29
2
0,17
3
0,11
4
0,08
5
0,06
6
0,03...
asked 11 hours ago -
1. Discuss how users can be authenticated by the operating
system to connect to the Oracle...
asked 11 hours ago