1 XYZ manufactures four products, namely A, B, C and D using the same plant and process. Following information relates to a production period: Labour Material Direct Machine Cost per unit Labour per unit Time per unit Cost per unit Product Volume 500 1/2 hour 1/4 hour 1/2 hour 1/4 hour 3 5,000 600 5 16 2 hours 1 hour 12 C 7,000 7 15 hours 15 hours 9. Total production overhead recovered by the cost accounting system is analysed under the following headings : Factory overhead applicable to machine-oriented activity 37,425 ; Set-up costs 4,355; Cost of ordering materials 1,920 ; Handling materials 7,580 ; Administration for spare parts 78,600. These overhead costs are absorbed by products on a machine hour rate of 4-60 per hour giving an overhead cost per product of A= 71-20; B = ? 1-20; C = ? 4-80; D = 7-20 However, investigation into the production overhead activities for the period reveals the following totals : Number of orders Number of material handled Number of times Material was Number of spare parts set-ups 1. Period 2 4 10 1 3 1 2 4. 12 4 8 10 27 12 17 Your are required: to compute an overhead cost per product using activity based costing, tracing overheads to production units by means of cost drivers; and disclosed hetween overheads traced by the

THIS is cOST ACCOUNTING FOR FACTORY OVERHEAD. PLEASE ANSWER AND SHOW SOLUTIONS

Sultan Company uses an activity-based costing system. At the beginning of the year, the company made the following estimates of cost and activity for its five activity cost pools: Activity Cost Pool Labor-related Purchase orders Parts management Board etching General factory Activity Measure Direct labor-hours Number of orders Number of part types Number of boards Machine-hours Expected Overhead Cost $ 284,000 $ 6,790 $ 71,340 $ 57,900 $ 229,900 Product A 3,000 43 22 530 3,600 Expected Activity 35,500 DLHS Required: 1. Compute the activity rate for each of the activity cost pools. 2. The expected activity for the year was distributed among the company's four products as follows: 194 orders 82 part types 1,930 boards 20,900 MHs Expected Activity Product B 22,800 Activity Cost Pool Product C Product D 3,900 5,800 Labor-related (DLHS) Purchase orders (orders) 20 48 83 Parts management (part types) 15 32 13 Board etching (boards) 750 650 0 General factory (MHS) 7,300 3,900 6,100 Using the…

A Corporation manufactures two products: Product K and Product L. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products K and L. Activity Cost Pool Activity Measure Machining Machine setups Total Cost Total Activity S 247,00013,000MHS 150setups 2products Direct labor-hours $ 260,00010,000DLHS Machine-hours Number of setups S 60,000 Number of products S 56,000 Product design Order size Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product K Product L 10,000 110 3,000 40 6,000 4,000 Required: 1. Compute the plantwide (POHR) overhead rate. 2. Using the plantwide overhead rate, how much manufacturing overhead cost would be allocated to Product K? How much is allocated to Product L? 3. Using the ABC system,…

Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below: Work in process, May 1 Cost added during May Equivalent units of production Cost per equivalent unit Materials $ 16,300 $ 99,130 1,400 Materials Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Labor $ 25,389 $ 16,926 1,300 Labor Overhead $ 121,572 $ 81,048 1,200 Overhead Total

Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on machine hours to allocate manufacturing overhead to jobs. Selected data about the​ company's operations​ follows:   Actual manufacturing overhead cost ​$500,000 Estimated manufacturing overhead cost ​$550,000 Estimated direct labor cost ​$175,800 Estimated direct labor hours ​ 50,500 Actual direct labor hours ​ 60,700 Estimated machine hours ​ 40,600 Actual machine hours ​ 35,800   By how much was manufacturing overhead overallocated or underallocated for the​ year? (Round intermediary calculations to the nearest​ cent.)

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     $11,400   Assembly Parts   4,500     4,500     217,800   Packaging Pieces   250     200     27,450   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 ? ? 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 ? ?

Please help complete parts of question 1 1a. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production at is this total amount expressed on a per unit basis? (Round your "per unit" answer to 2 decimal places.) Total manufacturing overhead cost: Manufacturing overhead per unit it: 1b. If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? What is this total amount expressed on a per unit basis? (Round your "per unit" answer to 2 decimal places.) Total manufacturing overhead cost: Manufacturing overhead per unit: 1c. If the selling price is $22 per unit, what is the contribution margin per unit? (Do not round intermediate calculations. Round you answer to 2 decimal places.) 1d. If 11,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this leve production? (Do not round…

Hultquist Corporation has two manufacturing departments--Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Customizing Forming 7, 000 $ 25,900 $ 2.50 Total Estimated total machine-hours (MHs) Estimated tot al fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH 3, 000 $ 7, 200 $ 5.00 10, 000 $ 33,100 During the period, the company started and completed two jobs-Job C and Job L. Data concerning those two jobs follow: Job C Job L $ 16,900 $ 10,300 $ 23,600 $ 10, 600 Direct materials Direct labor cost Forming machine-hours Customizing machine-hours 1,250 1,250 5,750 1,750 Required: a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate. (Round your answer to 2 decimal places.) b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.…

Here are selected data for Wilson Company Estimated manufacturing overhead Estimated labor hours Actual direct labor hours Estimated direct labor cost Actual direct labor cost Factory depreciation $257,750 35,000 36,000 $330,400 $320,300 $65,400 If the company allocates overhead based on direct labor cost, what is the predetermined manufacturing overhead rate? OA. 78% of direct labor cost OB. 80 % of direct labor cost OC. 128% of direct labor cost OD. 103% of direct labor cost Factory utilities Indirect labor Sales commissions Factory rent Factory property taxes. Indirect materials COS $30,200 $22,400 $53,700 $47,700 $28,100 $33,000