Assignment/takeAssignmentMain.do?invoker%-Dassignments&takeAssignmentSessionLocator=Dassignment-take&eBookRequired:1. Calculate the activity rates for each of the three overhead activities. Round all activity rates to the nearestMaterials handling rate26.1 per moveEngineering rateper change orderOther overhead rate.per direct labor hour2. Prepare job-order cost sheets for each job showing all costs through uly 31.When required, round your answers to the nearest dollar. If an amount is zero, enter "0"Heitger CompanyJob-Order Cost SheetsJob 13-43Job 13-44Job 13-45Job 13-46Balance, July 1$4Direct materialsDirect labor costMaterials handlingEngineeringOther overheadTotal3. Calculate the balance in Work in Process on July 31.$44. Calculate the cost of goods sold for July.5. What if Job 13-46 required no engineering change orders? What is the difference in the new cost of Job 13-46?How would the cost of the other jobs be affected?%24%2464624 /takeAssignment/takeAssignmentMain.do?invoker=Dassignments&takeAssignmentSessionLocator%3Dassignment-take&inprogress%-false☆ ロeBookJob Costs Using Activity-Based CostingHeitger Company is a job-order costing firm that uses activity-based costing to apply overhead to jobs. Heitger identified three overhead activities andrelated drivers. Budgeted information for the year is as follows:ActivityCostDriverAmount of DriverMaterials handling$110,700 Number of moves4,500Engineering153,900 Number of change orders9,000Other overhead310,000 Direct labor hours50,000Heitger worked on four jobs in July. Data are as follows:Job 13-43Job 13-44Job 13-45Job 13-46Beginning balance$24,900$19,800$2,900$0Direct materials$5,800$9,900$13,200$9,500Direct labor cost$810$1,080$1,560$130Job 13-43Job 13-44Job 13-45Job 13-46Number of moves4548334Number of change orders27402318Direct labor hours8101,0801,560130By July 31, Jobs 13-43 and 13-44 were completed and sold. Jobs 13-45 and 13-46 were still in process.Required:PreviousNext^OEO4) 1:25

Name: Assignment/takeAssignmentMain.do?invoker%-Dassignments&takeAssignment
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Assignment/takeAssignmentMain.do?invoker%-Dassignments&takeAssignmentSessionLocator=Dassignment-take&eBookRequired:1. Calculate the activity rates for each of the three overhead activities. Round all activity rates to the nearestMaterials handling r

“Since you have asked multiple questions, we will solve the first ‘four’ questions for you. If you…

Business

Accounting

Job Costs Using Activity-Based Costing Heitger Company is a job-order costing firm that uses activity-based costing to apply overhead to jobs. Heitger identified three overhead activities and related drivers. Budgeted information for the year is as follows: Activity Cost Driver Amount of Driver Materials handling $110,700 Number of moves 4,500 Engineering 153,900 Number of change orders 9,000 Other overhead 310,000 Direct labor hours 50,000 Heitger worked on four jobs in July. Data are as follows: Job 13-43 Job 13-44 Job 13-45 Job 13-46 Beginning balance $24,900 $19,800 $2,900 $0 Direct materials $5,800 $9,900 $13,200 $9,500 Direct labor cost $810 $1,080 $1,560 $130 Job 13-43 Job 13-44 Job 13-45 Job 13-46 Number of moves 45 48 33 4 Number of change orders 27 40 23 18 Direct labor hours 810 1,080 1,560 130 By July 31, Jobs 13-43 and 13-44 were completed and sold. Jobs 13-45 and 13-46 were still in process.

Job Costs Using Activity-Based Costing Heitger Company is a job-order costing firm that uses activity-based costing to apply overhead to jobs. Heitger identified three overhead activities and related drivers. Budgeted information for the year is as follows: Activity Cost Driver Amount of Driver Materials handling $110,700 Number of moves 4,500 Engineering 153,900 Number of change orders 9,000 Other overhead 310,000 Direct labor hours 50,000 Heitger worked on four jobs in July. Data are as follows: Job 13-43 Job 13-44 Job 13-45 Job 13-46 Beginning balance $24,900 $19,800 $2,900 $0 Direct materials $5,800 $9,900 $13,200 $9,500 Direct labor cost $810 $1,080 $1,560 $130 Job 13-43 Job 13-44 Job 13-45 Job 13-46 Number of moves 45 48 33 4 Number of change orders 27 40 23 18 Direct labor hours 810 1,080 1,560 130 By July 31, Jobs 13-43 and 13-44 were completed and sold. Jobs 13-45 and 13-46 were still in process.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 13MC: Activity-based costing systems: A. use a single predetermined overhead rate based on machine hours...

See similar textbooks

Similar questions

Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2. Determine the cost to be charged to the product for the year. 3. Determine the cost to be charged to factory overhead for the year. 4. Determine the plotted data points using Chart Wizard. 5. Determine R2. 6. How do these solutions compare to the solutions in P4-2 and P4-3? 7. What does R2 tell you about this cost model?
Caseys Kitchens three cost pools and overhead estimates are as follows: Compare the overhead allocation using: A. The traditional allocation method B. The activity based costing method (Hint: the traditional method uses machine hours as the allocation base.)
Which of the following product situations is better suited to job order costing than to process costing? A. Each product batch is exactly the same as the prior batch. B. The costs are easily traced to a specific product. C. Costs are accumulated by department. D. The value of work in process is based on assigning standard costs.
Potterii sells its products to large box stores and recently added a retail line of products to sell directly to consumers. These estimates are to be used in determining the overhead allocation rate for ABC: What would be the predetermined rate for each cost pool?
Activity-based costing systems: A. use a single predetermined overhead rate based on machine hours instead of on direct labor B. frequently increase the overhead allocation to at least one product while decreasing the overhead allocation to at least one other product C. limit the number of cost pools D. always result in an increase of at least one products selling price
Customs has three cost pools and an associated cost driver to allocate the costs to the product. The cost pools, cost driver, estimated overhead, and estimated activity for the cost pool are: What is the predetermined overhead rate for each activity?
Which is not a task typically associated with ABC systems? A. calculating the overhead application rate for each cost pool B. applying a single cost rate C. identifying a cost driver D. more correctly allocating overhead costs
The centrepiece of aiob-costing system is the 0a budgetewoverhead rate job-cost sheet 0 labour time ticket materials reguistion fom
In cost accounting, what is the purpose of job costing?a. To allocate overhead costs to productsb. To assign costs to specific production batches or jobsc. To calculate fixed costs for the entire organizationd. To determine variable costs for each product line
A job-order costing system that relies on normal costing will: Multiple Cholce Apply overhead cost to Jobs by multiplying a predetermined overhead rate by the estimated amount of the allocation base Incurred by the jobs. Assign actual direct materlals and direct labor costs to jobs. Apply overhead cost to Jobs by multiplylng an actual overhead rate by the estimated amount of the allocation base incurred by the jobs. Apply overhead cost to Jobs by multiplylng an actual overhead rate by the actual amount of the allocation base Incurred by the Jobs.
xterior door? job-costing system. Total budgeted costs in each indirect-cost pool and the budgeted quantity of activity The company is in the process of bidding on two jobs: Job 220, an order of 17 intricate personalized overhead allocated under the current simple job-costing system and a newly designed activity-based frames, and Job 330, an order of 5 standard personalized frames. The controller wants you to compare 5-29 Activity-based costing. The job-costing system at Melody's Custom Framing has five indirect cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). goods, milk and fruit juice, and frozen foods. It upermarkets (FS) operates at capacity and de- nformation from its activity-based costing system Fes that account for the store support costs, rs? vs: driver are as follows. $95 per purchase order $76 per delivery $19 per hour S 0.15 per item sold Budgeted Quantity of Activity Driver TET Budgeted Overhead Activity Driver Purchase…
:Activity-based costing .uses cost pool that collects costs related to the same activity .a O .provides the same results as the departmental overhead costing .b O .uses departments overhead rate to assign overhead .c O .typically applies overhead costs using direct labor-hours .d O .None of the given answer .e O