Metal Company budgeted $572,000 manufacturing direct wages, 2,500 direct labor hours, and had the following manufacturing overhead:Budgeted Level for CostDriverOverhead Cost PoolMaterials handlingMachine setupMachine repairInspectionsDirect laborDirect materialsMachine setupMachine hoursInspectionsRequirements for Job # 971 which manufactured 4 units of product:Multiple ChoiceO $550.OBudgeted OverheadThe total overhead of Job # 971 under the Activity-Based Costing costing is:$11,435.Cost$ 196,00019,6001,60016,500$185.20 hours220 pounds30 setups16,700 machine hours15 inspections4,900 pounds560 setups32,000 machine hours330 inspectionsOverhead Cost DriverWeight of materialsNumber of setupsMachine hoursNumber of inspections

Name: Metal Company budgeted $572,000 manufacturing direct wages, 2,500 dir
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Description: Metal Company budgeted $572,000 manufacturing direct wages, 2,500 direct labor hours, and had the following manufacturing overhead:Budgeted Level for CostDriverOverhead Cost PoolMaterials handlingMachine setupMachine repairInspectionsDirect laborDir

Using activity-based costing, the overhead is assigned to the production on the basis of different…

Business

Accounting

Metal Company budgeted $572,000 manufacturing direct wages, 2,500 direct labor hours, and had the following manufacturing overh Budgeted Overhead Budgeted Level for Cost Driver 4,900 pounds Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Direct labor Direct materials equirements for Job # 971 which manufactured 4 units of product: achine setup achine hours nspections Cost $196,000 19,600 1,600 16,500 Multiple Choice 20 hours 220 pounds 30 setups 16,700 machine hours 15 inspections 560 setups 32,000 machine hours 330 inspections total overhead of Job #971 under the Activity-Based Costing costing is: Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections

Metal Company budgeted $572,000 manufacturing direct wages, 2,500 direct labor hours, and had the following manufacturing overh Budgeted Overhead Budgeted Level for Cost Driver 4,900 pounds Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Direct labor Direct materials equirements for Job # 971 which manufactured 4 units of product: achine setup achine hours nspections Cost $196,000 19,600 1,600 16,500 Multiple Choice 20 hours 220 pounds 30 setups 16,700 machine hours 15 inspections 560 setups 32,000 machine hours 330 inspections total overhead of Job #971 under the Activity-Based Costing costing is: Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections

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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