X 8FILEPasteClipboardC1641. Assign indirect costs to products or services using activity based costing.&14HOMECalibriAActivity Cost Pool5 Material Handling▶L=BIUINSERT⠀READYAttomatle) 3/26 Machine Set-Ups7 Engineering Support8 Power and Space9 Total overhead cost $1015 Activity Cost Pool16 Material Handling17 Machine Set-Ups18 Engineering Support19 Power and Space20 Total Overhead Cost2122DOFontSheet111PAGE LAYOUTBA AA.Overhead Cost$ 300,000$210,000fxx710,000+EEconomyFORMULASCAssigning indirect costs to products or services using activity based costing - ExcelDATAREVIEWVIEWWrap Text*Merge & Center -AlignmentDeluxeDOverhead Assigned Using Activity RatesActivity Cost Driver5,000 Material movesSet-upsEngineering hours $20,000 square feet.11 Use formulas to assign overhead to each product using both activity rates and activity proportions (%).12 Create if/then statements to verify that the two methods produce the same results.13ETotalCurrency$%,Activity RateNumberFper moveper set-up12.50 per hourper sq. ft.+.0 .00.00 ➜.0Conditional Format as CellFormatting Table StylesStylesEconomyGHActivityEconomy Model Proportion (%)2,0003002,000DeluxeHHInsert Delete FormatOverhead Assigned Using Activity Proportions (%)Total20%50%CellsIDeluxeModel3,000900|←|PJΣ > AutoSum+✔Fill-✓ClearProportion(%)B?KEditingAY HSort & Find &Filter SelectLSign InVerification: Create if/thenstatements to determine if the twomethods produce identical results byindicating "pass" or "fail"DeluxeEconomyTotal9►X+ 100%

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Description: X 8FILEPasteClipboardC1641. Assign indirect costs to products or services using activity based costing.&14HOMECalibriAActivity Cost Pool5 Material Handling▶L=BIUINSERT⠀READYAttomatle) 3/26 Machine Set-Ups7 Engineering Support8 Power and Space9 Total

Activity Rate=Overhead CostActivity Cost Driver

Business

Accounting

4 Activity Cost Pool 5 Material Handling 6 Machine Set-Ups 7 Engineering Support 8 Power and Space 9 Total overhead cost $ 710,000 10 14 15 Activity Cost Pool 16 Material Handling 17 Machine Set-Ups 18 Engineering Support 19 Power and Space 20 Total Overhead Cost B 21 22 Overhead Cost $ 300,000 $ 210,000 Shoot1 11 Use formulas to assign overhead to each product using both activity rates and activity proportions (%). 12 Create if/then statements to verify that the two methods produce the same results. 13 Economy D Overhead Assigned Using Activity Rates O Activity Cost Driver 5,000 Material moves Set-ups Engineering hours $ 20,000 square feet. Deluxe E Activity Rate Total - per move per set-up 12.50 per hour per sq. ft. G Economy H Activity Economy Model Proportion (%) 2,000 300 2,000 Deluxe Overhead Assigned Using Activity Proportions (%) 20% 50% Total - Deluxe Proportion Model (%) 3,000 900 K L Verification: Create if/then statements to determine if the two methods produce identical results by indicating "pass" or "fail" Economy Deluxe Total

4 Activity Cost Pool 5 Material Handling 6 Machine Set-Ups 7 Engineering Support 8 Power and Space 9 Total overhead cost $ 710,000 10 14 15 Activity Cost Pool 16 Material Handling 17 Machine Set-Ups 18 Engineering Support 19 Power and Space 20 Total Overhead Cost B 21 22 Overhead Cost $ 300,000 $ 210,000 Shoot1 11 Use formulas to assign overhead to each product using both activity rates and activity proportions (%). 12 Create if/then statements to verify that the two methods produce the same results. 13 Economy D Overhead Assigned Using Activity Rates O Activity Cost Driver 5,000 Material moves Set-ups Engineering hours $ 20,000 square feet. Deluxe E Activity Rate Total - per move per set-up 12.50 per hour per sq. ft. G Economy H Activity Economy Model Proportion (%) 2,000 300 2,000 Deluxe Overhead Assigned Using Activity Proportions (%) 20% 50% Total - Deluxe Proportion Model (%) 3,000 900 K L Verification: Create if/then statements to determine if the two methods produce identical results by indicating "pass" or "fail" Economy Deluxe Total

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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Saved Help Sav CH 07 i Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system cont following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Activity Rates $6 per direct labor-hour $ 4 per machine-hour $ 50 per setup $ 90 per order $ 14 per shipment $ 840 per product Production orders Shipments Product sustaining Activity data have been supplied for the following two products: Total Expected Activity K425 M67 Number of units produced per year Direct labor-hours 200 2,000 80 500 Machine-hours Machine setups Production orders 100 1,500 1 4 4 Shipments Product sustaining 1 10 1 Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system? DELL F3 prt sc home end F4 F5 F6
O & https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%25 E pter 1 Assignment i Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Variable cost per unit sold W 90% Save & E= Che
ngageNOWv2 | Online teachin X + om/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... € Compute conversion costs given the following data: direct materials, $363,600; direct labor, $192,400; factory overhead, $204,500 and selling expenses, $35,600. Oa. $396,900 Ob. $568.100 Oc. $168,900 Od. $760,500 8 5/2
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TB MC Qu. 4-94 Vanvalkenburg, Inc., manufactures and... Vanvalkenburg. Inc., manufactures and sells two products: Product GQ5 and Product JO. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Overhead Activity Cost Pools Measures Cost Product Q5 Product JØ Total Labor-related DLHS $191,748 70,536 295,592 Production orders 3,000 2,800 5,800 orders 300 500 800 Order size MHs 4,300 4,500 8,800 $557,876 The activity rate for the Order Size activity cost pool under activity-based costing is closest to: Multiple Cholce $36.23 per MH $68.48 per MH $96.19 per MH 10:54 AM 66°F Mostly cloudy 21 pe here to search 10/20/2021 DELL PgUp PgDn Ho Delete
An allocation base: a. can be units of output if the company has a single product O b. is determined before the period begins. O c. All the given answers are correct. O d. can be direct labor cost e. is a measure used to assign manufacturing overhead costs to products and services PAGE NEXT PAGE IZ TWO Jump CQURSE OUTLINE_SPRING2021 ► tv MacBook Air
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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
ttempt%3D1347310&cmid%3D701917 ming services SQU Libraries SQU Portal Attendance English (en Which of the following is correct with resnect to closing out underapplied manufacturing overhead to Cost of Goods Sold versus closing it out to Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold? Select one: a. The balance in the Work-in-Process account after allocation will be higher if the underapplied overhead is closed out by allocating it to all appropriate accounts. b. The balance in the Work-in-Process account after allocation will be the same under either method. C. None of given ANSWER is correct. d. Operating income will be higher if all of the underapplied overhead is closed out to Cost of Goods Sold. X e. Cost of Goods Sold will be higher if the underapplied. overhead is closed out by allocatinog it to the inventory accounts as well as to Cost of Goods Sold. The corect