FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- 2.arrow_forwardUnits produced per year Prime costs Direct labor hours Machine hours Production runs Inspection hours Maintenance hours Direct labor hours: Scientific calculator Business calculator Total Machine hours: Scientific calculator Business calculator Total Overhead costs: Setup costs Inspection costs Power Maintenance Total Required: Plantwide rate Overhead cost per unit: Scientific Product-Related Data Business Business Scientific 74,000 $239,000 99,800 49,500 100 2,000 2,250 Department Data Department 1 Department 2 77,300 139,720 217,020 23,000 381,800 404,800 $232,500 170,000 260,000 208,000 $870,500 1. Compute the overhead cost per unit for each product using a plantwide, unit-based rate using direct labor hours per direct labor hour 740,000 $2,390,000 998,000 495,000 150 3,000 9,000 per unit per unit 22,500 858,280 880,780 26,500 113,200 139,700 $232,500 170,000 133,000 219,500 $755,000arrow_forwardcan you get me the formula to excelarrow_forward
- ABC Company has an ABC system with three pools: Total cost in cost pool Activity Machine setups Customer service Maintenance $18,500 $5,000 Cost Driver $29,000 #setups O $9,000 #orders not enough information machine- hours $13,000 $6,000 $10,000 Compute total capacity costs allocated to product X. Activity volume (#cost driver units) Product X Product Y Total 45 15 25 20 5 25 65 20 50arrow_forwardPlease do not give solution in image format thankuarrow_forwardBerkeley Bank reports the following information about resources in two functions. Cost Driver Rate $ 0.01 per transaction $ 250 per account Resources used Process transactions Process accounts Resources supplied Process transactions Process accounts $675,000 $360,000 Required: Compute unused resource capacity at Berkeley Bank. Process transactions Process accounts Unused Resource Capacity Cost Driver Volume 40,000,000 transactions 950 accountsarrow_forward
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