-/1Question 12View PoliciesCurrent Attempt in ProgressThomsen Computer Company produces three products:Earth, Wind, and Fire. Earth requires 80 machine setups,Wind requires 60 setups, and Fire requires 180 setups.Thomsen has identified an activity cost pool with allocatedoverhead of $1500000 for which the cost driver is machinesetups. How much overhead is assigned to each product?FireWindEarth$843750$281250$375000$234375$703125$312500$500000$500000$500000$281250$500000$718750

Calculate Overhead allocation rate:Overhead allocation rate = Total overhead cost / Total machine…

Answered: -/1 Question 12 View Policies Current…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Table 7.5 A company makes four products that have the following characteristics: Product A sells for $50 but needs $10 of materials to produce; Product B sells for $75 but needs $30 of materials to produce; Product C sells for $100 but needs $50 of materials to produce; Product D sells for $150 but needs $75 of materials to produce. The processing requirements for each product on each of the four machines are shown in the table. product (process time/unit) A B C D Work center W 6 3 12 X 9 10 4 8 4 y 12 9 Z 10 7 11 Work centers W, X, Y, and Z are available for 40 hours per week and have no setup time when switching between products. Market demand for each product is 80 units per week. In the questions that follow, the full cost method refers to maximizing the gross margin or product margin per unit for each product, the contribution margin approach refers to maximizing the contribution margin per unit for each product, and the bottleneck method refers to maximizing the throughput…
Y2 Part 1 Clean−It−Up, Inc., is a manufacturer of vacuums and uses standard costing. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of budgeted machine-hours. In 2020, budgeted fixed manufacturing overhead cost was$18,000,000. Budgeted variable manufacturing overhead was $8 per machine-hour. The denominator level was 1,000,000 machine-hours.
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Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $144,000 Number of setups 120 Ordering materials 14,400 Number of orders 900 Machining 103,950 Machine hours 9,450 Receiving 22,770 Receiving hours 1,035 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y Units completed 5,600 11,200 Number of setups 80 40 Number of orders 300 600 Machine hours 5,400 4,050 Receiving hours 345 690 Required: 1. Determine the total overhead assigned to each product using the four activity drivers. Total Overhead Assigned Model X $fill in the blank 1 Model Y $fill in the blank 2 2. Determine the total overhead assigned to each model using…
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The B Company produces a part that is used in the final assembly of its main follows: Operation1 Operation 2 Materials P240,000 180,000 Direct labor P180,000 Variable overhead 100,000 100,000 Fixed overhead (allocated) 120,000 60,000 Operation 1 can be eliminated if these parts are purchased from an outside vendor. The vendor will supply 400,000 units a year at P2.00 per unit. These parts would still have to be processed through Operation 2. The B Company would have to pay freight charges of P20,000 a year on the purchased parts. If Operation 1 is eliminated, the space can be rented for P25,000 per year. REQUIRED: 1. Should the company purchase the parts or continue making them internally? Use the total approach first. Then use the incremental analysis next.
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PLEASE SHOW IT QUICKLY WITH WORK Question 4 TapauWare Sdn Bhd produces a food container that passes through two process which are Process X and Process Y. The following data given for the month of January 2021: Process X Process Y Materials (RM5 per kg) 7,500 Kg 5,000 Kg Labour cost RM 600 RM 1,000 General Overhead cost RM 900 RM 855 Normal Loss 20% 10% Scrap value per kg RM 4 RM 4 Actual output 5,750 Kg 10,000 Kg Required: Prepare the process account for Process X and Process Y
Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $147,000 Number of setups 120 Ordering materials 18,000 Number of orders 1,200 Machining 126,000 Machine hours 10,500 Receiving 30,240 Receiving hours 1,260 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y Units completed 5,400 10,800 Number of setups 80 40 Number of orders 400 800 Machine hours 6,000 4,500 Receiving hours 420 840 Required: 1. Determine the total overhead assigned to each product using the four activity drivers. Total Overhead Assigned Model X Model Y 2. Determine the total overhead assigned to each model using the two most expensive activities.…

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