319948Question 6 of 15View PoliciesCurrent Attempt in ProgressDirect labor hoursBoswell Company manufactures two products, Regular and Supreme. Boswell's overhead costs consist of machining, $4800000; andassembling, $2400000. Information on the two products is:Machine hoursNumber of partsGS JO$4320000.O $2190gmo.O $5010000.O $2880000.Save for Later<>144SINGA%Regular Supreme10000Overhead applied to Regular using traditional costing using direct labor hours is1000090000stated Apa pe teren overd161500030000160000WAS MAN&O15*DEALEfjoHOISBNLIEN 1 of 1MOBILE, AL 36691-0249CLARKSTON, GA 30321hallitulleeddelslaAttempts: 0 of 1 used112-/1 Eprt scSubmit AnswerTHIS YOURscr IkCITpause

Total overhead cost = machining cost + assembly cost Total overhead cost = $7200000 ( $4800000 +…

Question 6 of 15 View Policies Current Attempt in Progress Direct labor hours Boswell Company manufactures two products, Regular and Supreme. Boswell's overhead costs consist of machining, $4800000; and assembling, $2400000. Information on the two products is: Machine hours Number of parts <> O $4320000. O $2190900. O $5010000. O $2880000. Save for Later Regular Supreme 15000 10000 10000 90000 30000 Overhead applied to Regular using traditional costing using direct labor hours is 160000 -/1 E : Attempts: 0 of 1 used Submit Answer

Question 6 of 15 View Policies Current Attempt in Progress Direct labor hours Boswell Company manufactures two products, Regular and Supreme. Boswell's overhead costs consist of machining, $4800000; and assembling, $2400000. Information on the two products is: Machine hours Number of parts <> O $4320000. O $2190900. O $5010000. O $2880000. Save for Later Regular Supreme 15000 10000 10000 90000 30000 Overhead applied to Regular using traditional costing using direct labor hours is 160000 -/1 E : Attempts: 0 of 1 used Submit Answer

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 5PB: Wrappers Tape makes two products: Simple and Removable. It estimates it will produce 369,991 units...

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Current Attempt in Progress Vaughn Company manufactures two products, Board 12 and case 165, Vaughn's overhead costs consist of setting up machines, $2720000; machining, $5700000; and inspecting. $1500000. Information on the two products and their estimated use of cost drivers is as follows: Direct labor hours Machine setups Machine hours Inspections O $6200000. O $3968000. Board 12 Case 165 25000 400 Ⓒ$4480000. O $4752000. 15000 600 24000 800 26000 Overhead assigned to Case 165 using activity-based costing is 700
View Policies Current Attempt in Progress Boswell Company manufactures two products, Regular and Supreme. Boswell's overhead costs consist of machining, $1400000; and assembling, $700000. Information on the two products is: Regular Supreme Direct labor hours 10000 15000 Machine hours 10000 30000 Number of parts 90000 160000 Overhead applied to Regular using activity-based costing is O $1260000. O $1498000. O $602000. O $840000. Save for Later Attempts: 0 of 1 used Submit Answer
View Policies Current Attempt in Progress A company expected its annual overhead costs to be $692920 and machine hours to equal 101900 hours. Actual overhead was $744100, and actual machine hours totalled 97400 hours. How much is the company's predetermined overhead rate to the nearest cent, assuming overhead is applied based on machine hours? O $7.30 O $6.80 O $7.64 O $7.11 e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
EXERCISE 1 XYZ Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity $45,000 80,000 15,000 30,000 50,000 Number of moves Material-handling costs.. Machine costs... 450 Machine hours.. Number of orders. Number of parts.. Number of setups.. 20,000 Order costs.. 750 Receiving costs.. Setup costs.. 50,000 250 Assume that each activity corresponds to a process. XYZ's normal activity is 5,000 direct labor hours. The following two jobs were completed during March: Job X-1 Job Y-4 $1,500 $750 Direct materials $2,000 $750 Direct labor ($15 per hour)... Units completed... Number of moves. Machine hours.. Number of orders. Number of parts. Number of setups.. 200 200 3 6 125 75 3 12 200 800 1 4 Required: 1. Determine the unit cost for each job using direct labor hours to apply overhead.
Current Attempt in Progress Boswell Company manufactures two products, Regular and Supreme. Boswell's overhead costs consist of machining, $4200000, and assembling, $2100000. Information on the two products is: Regular Supreme Direct labor hours Machine hours Number of parts 10000 15000 10000 30000 90000 160000 Overhead applied to Supreme using activity-based costing is O $2520000. O $3780000. O $4494000. O $1806000. Submit Answer Attempts: 0 of 1 used Save for Later
Test yourself ABC Company is producing three products, A, B and C in Direct labor hours their unit. A C 10,000 15,000 25,000 Number of orders 15 25 10 placed During the year 2019,the total overhead expenses Machine set up hours 150 300 50 are; Requirement 1. Calculated pre-determined overhead rate if overhead is applied based on the direct labor hours Procurement cost RO200,000 Machine set up cost RO100,000 2. Compute overhead rates using activity based costing. 3. Determine the difference in the amount of overhead allocated to each product between the two methods.
A company manufacturing two products furnishes the following data Annual output Product Output units Machine Hours Purchase Orders Machine set-ups A 5000 20000 160 20 B 60000 120000 384 44 Total 65000 140000 544 64 The annual overheads are as under. Rs Volume related activity costs 4,50,000 Set up related costs 9,20,000 Purchase related costs 5,18,000 Total 1,888,000 You are required to calculate the overheads cost per unit of each product A and B based on Activity based costing method.
Exercise 7-4 (Algo) Second-Stage Allocation [LO7-4] Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Number of units produced per year Direct labor-hours Activity Rate $ 11 per direct labor-hour $5 per machine-hour $ 45 Production orders Shipments $ 120 per shipment Product sustaining $ 900 per product Activity data have been supplied for the following two products: Machine-hours Machine setups Production orders Shipments Product sustaining per setup $ 160 per order Total Expected Activity K425 M67 2,000 200 1,025 2,600 7 7 14 3 50 40 3 3 3 3 Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system?
ndenccinstructure.com/courses/3788/assignments/35969 Question 19 View Policies -/1 Current Attempt in Progress Bangor Company manufactures two products, Velveeto and Fondant. Bangor has estimated overhead costs as follows: setting up machines ($160,000), machining ($300,000) and inspecting ($100,000). Information on the two products follows: Velveeto Fondant Direct labor hours 60,000 100,000 Machine setups 2,400 1,600 Machine hours 96,000 104,000 Inspections 3,200 2,800 Overhead is applied to Fondant using direct labor hours. What is the total amount of overhead charged to this product line using traditional costing? $280,000 O $210,000 $350,000 O $105,000 2:29 PM 10/13/2019 e
Test yourself ABC Company is producing three products, A, B and C in Direct labor hours their unit. A В C 10,000 15,000 25,000 Number of orders 15 25 10 placed During the year 2019,the total overhead expenses Machine set up hours 150 300 50 are; Requirement 1. Calculated pre-determined overhead rate if overhead is applied based on the direct labor hours .Compute overhead rates using activity based costing. Determine the difference in the amount of overhead allocated to each Procurement cost RO200,000 Machine set up cost RO100,000 product between the two methods.
Help Save & Exit Gesualdo, Incorporated, manufactures and sells two products: Product Z6 and Product F4. Data concerning the expected production of each product and the expected total direct labor-hours (DLHS) required to produce that output appear below: Product Z6 Product F4 Total direct labor-hours Direct Materials Cost per Unit $ 101.00 $ 217.20 Activity Cost Pools. Labor-related 300 600 Machine setups Order size Direct Labor- Total Direct Expected Hours Per Labor- Production Unit Hours 8.0 11.0 The direct labor rate is $24.70 per DLH. The direct materials cost per unit for each product is given below: Product Z6 Product F4 The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Expected Activity Product F4 6,600 600 3,500 Activity Measures DLHs setups MHS Saved Estimated Overhead Cost $ 98,640 18,711 388,360 $ 505,711 2,400 6,600 9,000 als Handling Costs Submit
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