Luther Manufacturing uses an activity-based cost system. The company produces Model 0and Model J. Information relating to the two products is as follows:Model OModel J48,00060,000Units producedMachine hours15,00017,000Direct labor hours16,00024,000Material handling (number of moves)8,00012,000Setups10,00014,000Th+following costs are reported:Material handling$160,000Labor-related overhead480,000Setups240,000Labor-related overhead costs assigned to Model O are (E)a. $240,000C.$217,000b. $232,000d.$192,000

Name: Luther Manufacturing uses an activity-based cost system. The company
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Description: Luther Manufacturing uses an activity-based cost system. The company produces Model 0and Model J. Information relating to the two products is as follows:Model OModel J48,00060,000Units producedMachine hours15,00017,000Direct labor hours16,00024,000M

Introduction:- The activity rate is calculated as estimated overhead (activity cost pool) by the…

Answered: Labor-related overhead costs assigned…

Business

Accounting

Labor-related overhead costs assigned to Model O are (E) a. $240,000 C. $217,000 $192.000 b $232.000 d

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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Answer question D
If the prime cost 35 350 ID., Manufacturing overhead 6 000 ID,beginning finished goods inventory 25 500 ID .ending finished goods inventory 25 000 ID.,beginning work inproces inventory 2 000 ID., ending work inproces inventory 3 000 ID.,the manufactured cost are
Planned amount A - 100 units, planned amount B - 150 units Actual amoint A - 80 units, actual amount B - 200 units Fixed overhead costs - 60000$ Fixed overhead costs for the actual volume of product B - ?
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If the prime cost 35 350 ID., Manufacturing overhead 6 000 ID., beginning finished goods inventory 25 500 ID .ending finished goods inventory 25 000 ID., beginning work in process inventory 2 000 ID., ending work in process inventory 3 000 ID., the manufactured cost are