Reynoso Corporation manufactures titanium and aluminum tennis
racquets. Reynoso’s total overhead costs consist of assembly costs
and inspection costs. The following information is
available: Cost Titaniium Aluminum Total Cost
Assembly
500 mach. hours 500 mach. hours $60,000
|
$80,000. |
||
$84,000. |
||
$100,000 |
||
$112,000. |
Cost: A monetary term which refers as the valuation of any additional service such as payment for the delivery of the goods and services, and the amount of acquisition of goods is known as cost.
Activity-Based Costing: Activity-based costing is the method to analyze the each activity according to the specified costs. The cost of the activity is defined on the basis of the products and services are consumed by them.
Total cost: The combination of fixed and variable cost is known as the total cost. Companies differentiate between the fixed and variable cost and evaluate both the costs in differently.
Manufacturing Overheads: The cost which is indirectly related to the production is known as manufacturing overheads.
Fixed overheads: Overheads which remain constant and don’t change due to change in level of production over a period are known as fixed overheads.
Variable overheads: The overheads which don’t remain constant and change as per the production level of the company change. The variable overheads per unit remains constant and the total variable cost changes as per the level of production change.
The formula to calculate the total overheads is shown below.
The formula to calculate the total labor of hours is shown below.
The formula to calculate the total overheads assigned to titanium is shown below.
Compute the total overheads.
Therefore, the total overheads are $160,000.
Compute the total labor of hours.
Therefore, the total labors of hours are 4,000 hours.
Compute the total overheads assigned to titanium racquets.
Therefore, the total overheads assigned to titanium are $84,000.
Ans:The total overheads assigned to titanium are $84,000.
Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso’s total overhead costs consist of assembly costs...
Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso’s total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Titanium Aluminum Total Cost Assembly 500 mach. hours 500 mach. hours $56000 Inspections 350 150 $96000 2100 labor hours 1900 labor hours Reynoso is considering switching from one overhead rate based on labor hours to activity-based costing. Total overhead costs assigned to titanium racquets, using a single overhead rate, are $106400. $96000. $76000. $79800.
Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso’s total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Titanium Aluminum Total Cost Assembly 500 mach. hours 500 mach. hours $40000 Inspections 350 150 $100000 2100 labor hours 1900 labor hours Reynoso is considering switching from one overhead rate based on labor hours to activity-based costing. Using activity-based costing, how much assembly cost is assigned to titanium racquets? $28000. $31500. $21000. $20000.
Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso’s total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Titanium Aluminum Total Cost Assembly 500 mach. hours 500 mach. hours $68000 Inspections 350 150 $106000 2100 labor hours 1900 labor hours Reynoso is considering switching from one overhead rate based on labor hours to activity-based costing. Using activity-based costing, how much assembly cost is assigned to titanium racquets? $19950. $34000. $47600. $35700.
Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso’s total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Titanium Aluminum Total Cost Assembly 500 mach. hours 500 mach. hours $60000 Inspections 350 150 $92000 2100 labor hours 1900 labor hours Reynoso is considering switching from one overhead rate based on labor hours to activity-based costing. Total overhead costs assigned to titanium racquets, using a single overhead rate, are a. $76000. b. $92000. c....
Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso’s total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Titanium Aluminum Total Cost Assembly 500 mach. hours 500 mach. hours $62000 Inspections 350 150 $100000 2100 labor hours 1900 labor hours Reynoso is considering switching from one overhead rate based on labor hours to activity-based costing. Using activity-based costing, how much assembly cost is assigned to titanium racquets? a. $43400. b. $32550. c. $19950....
Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso’s total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Titanium Aluminum Total Cost Assembly 500 mach. hours 500 mach. hours $78000 Inspections 350 150 $116000 2100 labor hours 1900 labor hours Reynoso is considering switching from one overhead rate based on labor hours to activity-based costing. Using activity-based costing, how much assembly cost is assigned to titanium racquets? A. $39000. B. $40950. C. $54600....
Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso's total overhead costs consist of assembly costs and inspection costs. The following information is available: Total Cost Aluminum Titanium Cost $60,000 Assembly 500 mach. hours 500 mach. hours 150 $100,000 Inspections 350 2,100 labor hours 1,900 labor hours Reynoso is considering switching from one overhead rate based on labor hours to activity- based costing. Using activity-based costing, how much assembly cost is assigned to titanium racquets? $21,000. $30,000. $31,500. $42.000.
Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso's total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Titanium Aluminum Total Cost Assembly 500 mach. hours 500 mach. hours $60000 Inspections 350 150 $120000 2100 labor hours 1900 labor hours Reynoso is considering switching from one overhead rate based on labor hours to activity based costing. Total overhead costs assigned to titanium racquets, using a single overhead rate, are $126000. $90000. $94500 $120000...
Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso's total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Titanium Aluminum Total Cost Assembly 500 mach hours 500 mach hours $51000 Inspections 350 150 $104000 2100 labor hours 1900 labor hours Reynoso is considering witching from one overhead rate based on labor hours to activity-based costing Using activity-based costing, how much inspections costs assigned to titanium racquets? $52000 372000 $31200 153600 Click if you...
Reynoso Corporation manufactures titanium and
aluminum tennis racquets. Reynoso’s total overhead costs consist of
assembly costs and inspection costs. The following information is
available: