North Company designs and manufactures machines that facilitate DNA sequencing. Depending on the intended purpose of each machine and its functions, each machine is likely to be unique. The job costing system in its Norfolk plant has five activity cost pools, in addition to direct materials and direct labor. Job TPY-2306 requires 1,000 printed-circuit boards. The cost per board that passes the final inspection is $240. On average, only 50% of the completed units pass the final inspection. The prime costs per completed board include $25 for direct materials and $7 for direct labor. Required: Information pertaining to manufacturing overhead for printed-circuit boards follows: Fill in the missing amount. (Round your answers to 2 decimal places.) Activity Axial insertion Hardware insertion Hand load Masking Final test Cost Driver Number of axial insertions Number of hardware insertions Boothroyd time Number of points masked Test time Activity Driver Rate $ 0.23 4.00 0.18 Activity Factory Consumption Overhead per Board per Board 29.00 8.00 80.00 20.00 60.40 60.64 10.00

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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North Company designs and manufactures machines that facilitate DNA sequencing. Depending on the intended purpose of each
machine and its functions, each machine is likely to be unique. The job costing system in its Norfolk plant has five activity cost pools, in
addition to direct materials and direct labor. Job TPY-2306 requires 1,000 printed-circuit boards. The cost per board that passes the
final inspection is $240. On average, only 50% of the completed units pass the final inspection. The prime costs per completed board
include $25 for direct materials and $7 for direct labor.
Required:
Information pertaining to manufacturing overhead for printed-circuit boards follows: Fill in the missing amount. (Round your answers
to 2 decimal places.)
Activity
Axial insertion
Hardware insertion
Hand load
Masking
Final test
Cost Driver
Number of axial insertions
Number of hardware insertions
Boothroyd time
Number of points masked
Test time
< Prev
Activity
Driver
Rate
$
0.23
4.00
0.18
6 of 6
Activity
Consumption
per Board
29.00
8.00
80.00
20.00
Factory
Overhead
per Board
Next >
60.40
60.64
10.00
(
G
3
Help
A
112
Save &
Ch
Transcribed Image Text:North Company designs and manufactures machines that facilitate DNA sequencing. Depending on the intended purpose of each machine and its functions, each machine is likely to be unique. The job costing system in its Norfolk plant has five activity cost pools, in addition to direct materials and direct labor. Job TPY-2306 requires 1,000 printed-circuit boards. The cost per board that passes the final inspection is $240. On average, only 50% of the completed units pass the final inspection. The prime costs per completed board include $25 for direct materials and $7 for direct labor. Required: Information pertaining to manufacturing overhead for printed-circuit boards follows: Fill in the missing amount. (Round your answers to 2 decimal places.) Activity Axial insertion Hardware insertion Hand load Masking Final test Cost Driver Number of axial insertions Number of hardware insertions Boothroyd time Number of points masked Test time < Prev Activity Driver Rate $ 0.23 4.00 0.18 6 of 6 Activity Consumption per Board 29.00 8.00 80.00 20.00 Factory Overhead per Board Next > 60.40 60.64 10.00 ( G 3 Help A 112 Save & Ch
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