116pointseBookQS 17-13 (Algo) Computing activity rate and allocating cost LO P3Chen Company uses activity-based costing. It budgets $1,302,000 of overhead cost to sustainably dispose of 3,100 tons of hazardouswaste.a. Compute the activity rate for hazardous waste disposal based on tons of hazardous waste.b. The company disposed of 9 tons of hazardous waste in completing Job 125. Allocate overhead cost to hazardous waste disposal aspart of Job 125 using activity-based costing.Complete this question by entering your answers in the tabs below.PrintReferencesRequired ARequired BThe company disposed of 9 tons of hazardous waste in completing Job 125. Allocate overhead cost to hazardous wastedisposal as part of Job 125 using activity-based costing.ActivityHazardous waste disposalActivity Usagetons< Required AActivity RateAllocated CostRequired B<R

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Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 5PA: Allocating selling and administrative expenses using activity-based costing Arctic Air Inc....

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Activity Cost Pool Cost Driver EstimatedOverhead Use perProduct A Use perProduct B Machine Setups Setups $144,000 6,000 2,000 Assembly Number of Parts 71,000 25,000 46,000 Machine Maintenance Machine Hours 200,000 13,000 37,000 Compare the overhead allocation using (A) the traditional allocation method and (B) the activity-based costing method. (Hint: the traditional method uses machine hours as the allocation base.) For those boxes in which you must enter subtractive or negative numbers use a minus sign.
Help Save & Exit Submit TB MC Qu. 7-52 (Algo) Eccles Corporation uses an activity-based costing... Eccles Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system: Costs: Wages and salaries Depreciation Utilities $ 318,000 247,000 206,000 $ 771,000 Total Distribution of resource consumption: Activity Cost Pools Setting Up Assembly Other Total Wages and salaries Depreciation Utilities 30% 10% 45% 25% 100% 30% 20% 60% 100% 50% 30% 100% How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool? Multiple Choice, hp
Smed 1. Hazardous waste disposal 2. Completion assigned to job 125 Help A manufacturer uses activity-based costing to assign overhead costs to products. In the coming year, it expects to incur $926,490 of costs to dispose of 3,470 tons of hazardous waste Required: 1. Compute the company's cost of hazardous waste disposal per ton. 2. During the year, the company disposes of 22 tons of hazardous waste in the completion of Job 125. Assign hazardous waste disposal cost to Job 125 using activity-based costing. cost per ton Save & Exit Su
Estimated Estimated Cost Drivers Activity Cost Overhead Street Mountain Pools Costs Tires Tires Machine set ups $ 90,000 150 350 Assembling $500,000 25,000 15,000 Inspection $400,000 180 320 Question Based on Schwynn’s actual activity in March, presented below, determine the applied overhead assigned to mountain tires using the activity-based costing approach: Cost Driver Activity Cost Pool Mountain Tires Machine set ups 12 Assembling 2,080 Inspection 15
NOT GRADED PLEASE ASSIST ME Traditional Product Costing Versus Activity-Based CostingAssume that Panasonic Company has determined its estimated total manufacturing overhead cost for one of its plants to be $192,000, consisting of the following activity cost pools for the current month: Activity Centers Activity Costs Cost Drivers Activity Level Assembly setups $39,000 Setup hours 1,500 Materials handling 9,000 Number of moves 300 Assembly 120,000 Assembly hours 12,000 Maintenance 24,000 Maintenance hours 1,200 Total $192,000 Total direct labor hours used during the month were 8,000. Panasonic produces many different electronic products, including the following two products produced during the current month: Model X301 Model Z205 Units produced 1,000 1,000 Direct materials costs $9,000 $9,000 Direct labor costs $6,500 $6,500 Direct labor hours 500 500 Setup hours 50 100 Materials moves 25 50 Assembly hours 800 800…
Estimated Estimated Cost Drivers Activity Cost Overhead Street Mountain Pools Costs Tires Tires Machine set ups $ 90,000 150 350 Assembling $500,000 25,000 15,000 Inspection $400,000 180 320 Question Using the activity-based costing approach, determine the applied overhead rates for Darter Company.
Question No.5 Hunter Company manufactures two products (XX and YY). The overhead costs have been divided into four cost pools that use the following activity drivers. Product Number of Orders Number of Set-ups Number of Labor Transactions Labor Hours XX YY Cost per pool 60 20 Rs.16,000 20 80 Rs.13,000 50 70 Rs.2,400 2,000 500 Rs.20,000 Required: Compute the allocation rates for each of the activity drivers listed. Allocate the overhead costs to product XX and product YY using activity-based costing. Compute the overhead rate using machine hours under the functional-based costing system. Allocate the overhead cost to Product XX and YY using the functional-based costing system overhead rate calculated in part ©.
pok sk int ences = aw 11 Rand Company computed the following activity rates using activity-based costing. Activity Setup Materials handling Inspection $ 60 per materials requisition $3 per unit inspected The company's deluxe model used the following activities to produce 1,000 units. Activity Setup Materials handling Inspection Actual Activity Usage 2 setups 24 materials requisitions 1,000 units inspected Compute the overhead cost per unit for the deluxe model using activity-based costing. Activity Setup Materials handling Inspection Total allocated cost Units produced Overhead cost per unit # 2 3 * $ 10 $ 1,040 per setup 4 Activity Rate % 5 Activity Usage 6 Q Search 17 C- & DA 441
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Question Content Area A company has traditionally allocated its overhead based on machine hours but had collected this information to change to activity-based costing: Estimated Activity Activity Center Product 1 Product 2 Estimated Cost Machine Setups 15 45 $9,600 Assembly Parts 3,000 3,000 144,600 Packaging Pieces 750 600 82,350 Machine Hours per Unit 4 3 Production Volume 750 1,500 A. How much overhead would be allocated to each unit under the traditional allocation method? Round your answers to two decimal places. Product 1 Product 2 Allocation per unit $fill in the blank 1 $fill in the blank 2 B. How much overhead would be allocated to each unit under activity-based costing? Round your answers to two decimal places. Product 1 Product 2 Allocation per unit $fill in the blank 3 $fill in the blank 4
MC Qu. 5-49 Skyline Florists uses an activity-based... Skyline Florists uses an activity-based costing system to compute the cost of making floral bouquets and delivering the bouquets to its commercial customers. Company personnel who earn $170,000 typically perform both tasks; other firm-wide overhead is expected to total $80,000. These costs are allocated as follows: Bouquet Production Delivery Other Wages and salaries 60 % 30 % 10 % Other overhead 60 % 20 % 20 % Skyline anticipates making 20,000 bouquets and 3,000 deliveries in the upcoming year. The cost of wages and salaries and other overhead that would be charged to each delivery is closest to: Multiple Choice $22.33. $23.01. $29.45. $43.33. None of the answers is correct. I got $7.50 and I am not sure if that is correct
Question Content Area Blue Ridge Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rate for allocating overhead to products. However, management is considering moving to a multiple department rate system for allocating overhead. The following table presents information about estimated overhead and direct labor hours. Overhead DirectLabor Hours (dlh) Product A B Painting Dept. $248,000 10,000 dlh 16 dlh 4 dlh Finishing Dept. 72,000 10,000 4 16 Totals $320,000 20,000 dlh 20 dlh 20 dlh The overhead from both production departments allocated to each unit of Product A if Blue Ridge Marketing Inc. uses the multiple production department factory overhead rate method is a.$396.80 per unit b.$214.40 per unit c.$320.00 per unit d.$425.60 per unit

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