E4-7 (Algo) Calculating Traditional Overhead Rates, Assigning Costs [LO 4-1] Bluefield Corp. has two product lines, A and B. Bluefield has identified the following information about its overhead and potent drivers: Total overhead Cost drivers Number of labor hours Number of machine hours $92,340 2,100 54,000 Required: 1. Suppose Bluefield Corp. uses a traditional costing system with number of labor hours as the cost driver. Determine the amo overhead assigned to each product line if Product A requires 79 percent of the labor hours and Product B requires 21 percent. 2. Suppose Bluefield uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhe assigned to each product line if Product A consumes 16,700 machine hours and Product B consumes 37,300. Required 1 Required 2 Complete this question by entering your answers in the tabs below. Suppose Bluefield Corp. uses a traditional costing system with number of labor hours as the cost driver. Determine the amount of overhead assigned to each product line if Product A requires 79 percent of the labor hours and Product B requires 21 percent. (Round your final answers to nearest whole dollar amount.)
E4-7 (Algo) Calculating Traditional Overhead Rates, Assigning Costs [LO 4-1] Bluefield Corp. has two product lines, A and B. Bluefield has identified the following information about its overhead and potent drivers: Total overhead Cost drivers Number of labor hours Number of machine hours $92,340 2,100 54,000 Required: 1. Suppose Bluefield Corp. uses a traditional costing system with number of labor hours as the cost driver. Determine the amo overhead assigned to each product line if Product A requires 79 percent of the labor hours and Product B requires 21 percent. 2. Suppose Bluefield uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhe assigned to each product line if Product A consumes 16,700 machine hours and Product B consumes 37,300. Required 1 Required 2 Complete this question by entering your answers in the tabs below. Suppose Bluefield Corp. uses a traditional costing system with number of labor hours as the cost driver. Determine the amount of overhead assigned to each product line if Product A requires 79 percent of the labor hours and Product B requires 21 percent. (Round your final answers to nearest whole dollar amount.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![E4-7 (Algo) Calculating Traditional Overhead Rates, Assigning Costs [LO 4-1]
Bluefield Corp. has two product lines, A and B. Bluefield has identified the following information about its overhead and potenti
drivers:
Total overhead
Cost drivers
Number of labor hours
Number of machine hours
$92,340
2,100
54,000
Required:
1. Suppose Bluefield Corp. uses a traditional costing system with number of labor hours as the cost driver. Determine the amou
overhead assigned to each product line if Product A requires 79 percent of the labor hours and Product B requires 21 percent.
2. Suppose Bluefield uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhea
assigned to each product line if Product A consumes 16,700 machine hours and Product B consumes 37,300.
Complete this question by entering your answers the tabs below.
Required 1 Required 2
Suppose Bluefield Corp. uses a traditional costing system with number of labor hours as the cost driver. Determine the
amount of overhead assigned to each product line if Product A requires 79 percent of the labor hours and Product B requires
21 percent. (Round your final answers to nearest whole dollar amount.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb5a3b4a5-4fa0-4121-92fb-c67a11ae8778%2F27ed465d-7322-427b-90e2-21d05e209977%2Fwqtonc.png&w=3840&q=75)
Transcribed Image Text:E4-7 (Algo) Calculating Traditional Overhead Rates, Assigning Costs [LO 4-1]
Bluefield Corp. has two product lines, A and B. Bluefield has identified the following information about its overhead and potenti
drivers:
Total overhead
Cost drivers
Number of labor hours
Number of machine hours
$92,340
2,100
54,000
Required:
1. Suppose Bluefield Corp. uses a traditional costing system with number of labor hours as the cost driver. Determine the amou
overhead assigned to each product line if Product A requires 79 percent of the labor hours and Product B requires 21 percent.
2. Suppose Bluefield uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhea
assigned to each product line if Product A consumes 16,700 machine hours and Product B consumes 37,300.
Complete this question by entering your answers the tabs below.
Required 1 Required 2
Suppose Bluefield Corp. uses a traditional costing system with number of labor hours as the cost driver. Determine the
amount of overhead assigned to each product line if Product A requires 79 percent of the labor hours and Product B requires
21 percent. (Round your final answers to nearest whole dollar amount.)
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