Question12-/1View PoliciesCurrent Attempt in ProgressRandel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information isbelow:presentedCost Drivers by ProductActivity Cost PoolCost DriverEstimated OverheadBudgetDeluxeOrdering and Receiving Orders$130,000600400Machine SetupSetups297,000500400MachiningMachine hours1,000,000150,000100,000Assembly1,200,000Parts800,0001,600,000Inspection550Inspections300,000450Compute the overhead cost per unit for each product. Production is 700,000 units of Budget and 200,000 units of Deluxe. (Round overhead costper unit to 2 decimal places, eg. 12.25 and cost assigned to 0 decimal places, eg. 2,500.)Overhead cost per unitper unitBudget $per unitDeluxe $eTextbook and Media9:25 PM)10/13/20

Answered: Question12 -/1 View Policies Current…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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b My Questions | bartleby PoF ACCT3039-Unit 4.pdf O Unit 4 -Discussion Question 303 x + PDF A marl File | C:/Users/Ronnick%20Douglas/OneDrive/Desktop/Advanced%20Manage. ... Activity-Based Costing, Traditional Costing 1. The controller for Mitchell Supply Company has established the following overhead cost pools and cost drivers: Overhead Cost Pool Machine setups Material handling Quality control inspection Other overhead costs Total Budgeted Overhead Cost $150,000 52,500 37,500 90.000 $330.000 Cost Driver Number of setups Units of raw material Number of inspections Machine hours Overhead Cost Pool Machine setups Material handling Quality control Other overhead Budgeted Level for Cost Driver 100'setups 50,000 units 1,000 inspections 15,000 machine hours Overhead Rate $1,500 per setup $1.05 per unit $37.50 per inspection $6 per machine hour Order no. 610 has the following production requirements: Machine setups Raw material Inspections Machine hours 5 setups 10,000 units 12 inspections…
Zeus Industries manufactures two types of electrical power units, custom and standard, which involve four factory overhead activities-production setup, procurement, quality control, and materials management. An activity analysis of the overhead revealed the following estimated activity costs and activity bases for these activities: Activity Activity Cost Activity Base Production setup $ 97,500 Number of setups Procurement 137,500 Number of purchase orders (PO) Quality control 187,500 Number of inspections Materials management 100,000 Number of components Total $522,500 The activity-base usage quantities for each product are as follows: Purchase Setups Inspections Components Unit Volume Orders Custom 500 1,150 2,300 300 1,000 Standard 250 100 200 200 1,000 Total 750 1,250 2,500 500 2,000 a. Determine an activity rate for each activity. Activity Rates Production Setup Procurement Quality Control Materials Management Activity cost - Activity base Activity rate $4 /setup /PO $ /inspection…
gagenown/ilm/takeAssignment/takeAssignmentMain.do?invoker=&ta... A Q eBook Activity Fabrication Assembly Setup Inspecting Production scheduling Purchasing Activity Rate $24 per machine hour $13 per direct labor hour $50 per setup $28 per inspection $14 per production order $11 per purchase order The activity-base usage quantities and units produced for each product were as follows: Elliptical Machines Treadmill 1,687 419 53 Activity Base Machine hours Direct labor hours Setups Elliptical Machines Treadmill 4 Product Costs using Activity Rates Hercules Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows: C 101 Print Item % 15 5 732 $ Inspections Production orders Purchase orders 198 Units produced 286 Use the activity rate…
O Topic: Week 6: Discu ssion IIl x + a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser-D0& launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F# z- Chapter 6 A Saved Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Skipped 2$ 3 12 2 3 $ 20 Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative $ 96, 000 166, 000 $ 262, 000 Total fixed cost per month The product sells for $45 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Produced 24, 000 24, 000 Units Sold July August 20, 000 28, 000 The company's Accounting Department has prepared the following absorption costing income statements for July and August: Sales Cost of goods sold Gross margin Selling and administrative expenses…
ivity Based Costing Assignment i nces s://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https... Al A" ☆ aw 71 N F2 Ly Homework: Activity Based Costin X Required information [The following information applies to the questions displayed below.] # 3 Part Z Part X Totals E Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $265,000 in the Molding department and $225,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Number of Units 3,000 4,000 F3 Complete this question by entering your answers in the tabs below. R F4 Q Search % Molding Department Hours per Unit 2.0 MH per unit 2.5 MH per unit Required: 1. Compute a departmental overhead rate for the Molding department based on machine hours and a departmental ove rate for the Trimming…
ngageNOWv2 | Online teachin X + om/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... € Compute conversion costs given the following data: direct materials, $363,600; direct labor, $192,400; factory overhead, $204,500 and selling expenses, $35,600. Oa. $396,900 Ob. $568.100 Oc. $168,900 Od. $760,500 8 5/2
CengageNOWv2 | Online teachin x A v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3false Assignment 7b: Chapter 23 Exercises eBook E Print Item Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc, processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6.400 units of product were as follows: Standard Costs Actual Costs Direct materials 8,300 lb. at $4.70 8,200 Ib. at $4.50 Direct labor 1,600 hrs. at $18.70 1,640 hrs. at $18.90 Factory overhead Rates per direct labor hr. based on 100% of normal capacity of 1,670 direct labor hrs.: Variable cost, $3.40 $5,390 variable cost Fixed cost, $5.40 $9,018 fixed cost Each unit requires 0.25 hour of direct labor. Required: a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance.…
docs.google.com/forms/d/e Q 1/ Answer The Following Questions * :Cost objects include .1 products customers departments All of above answers are correct. The general term used to identify both .2 the tracing and the allocation of * :accumulated costs to a cost object is cost accumulation cost assignment cost tracing conversion costing :Budgeted costs are .3 II
in Course ACCT 3121.2711,ACC apters 9-10 i lucation.com extemap-ir de sim2_com-consexternal browser=0&launchUrl=https": Sales revenue Direct materials Direct labor Overhead costs Administration Production setup Quality control Distribution Operating profit Activity Base Setting up * X Performing quality control Distribution 3 EZ-Seat, Inc., manufactures two types of reclining chairs, Standard and Ergo. Ergo provides support for the body through a complex set of sensors and requires great care in manufacturing to avoid damage to the material and frame. Standard is a conventional recliner, uses standard materials, and is simpler to manufacture. EZ-Seat's results for the last fiscal year are shown in the following statement. Ergo $2,000,000 600,000 400, 000 GwMcGraw Hill Education Campus X EZ-SEAT, INC. Income Statement $ d Standard $5,000,000 1,500,000 500,000 EZ-Seat currently uses labor costs to allocate all overhead, but management is considering implementing an activity-based costing…
onedrive.live.com/?cid%3D95827CFFCF17 ايسر سبين 3، را Join Meeting - Zoom Sign In Zoom Micr... - Jg Juzeui Goo صدارات Exercise 1. Classify the below cost on their behavior (Fixed Costs and Variable Costs) (a) Rent of Factory Building, (b) Managerial Salaries, (c)Direct wages, (d) Direct Materials, (e) Building Insurance, (f) Commission of salesman, (g)Municipal taxes, (h) Power, (1) Normal Spoilage, G) Small tools Exercise 2 The Information bellow has been taken from production department of XYZ Company for December is as follows: Total Costs Variable Cost Fixed Cost Material used in Production OMR 200000 200000 Labour used in Production 150000 100000 50000 (Assembly and supervisor) Production Facilities cost ( 50000 40000 10000 rent general, utilities.)
NOWV2 | Online teach x + O SOFTWARE UPDATE eAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false macOS Big Sur 11.3.1 is available and will be in later tonight. O eBook Show Me How E Print Item Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at $1,167,450, divided into four activities: fabrication, $507,000; assembly, $210,000; setup, $245,700; and inspection, $204,750. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speedboat 9,750 dlh 31,500 dlh 70 setups 122 inspections Bass boat 29,250 10,500 515 853 39,000 dlh 42,000 dlh 585 setups 975 inspections Each product is budgeted for 5,500 units of production for the year. a. Determine the activity rates for each activity. Fabrication $ per direct labor hour Assembly 5 V per…
G. H. B. Process Cost Practice Quiz Part 1 The following information is related to the blending department: 1. 1,900 units in beginning WIP, 60X completed as to conversion costs 2. Direct Materials added: 22,000 units 3. Goods completed and transterred total 21,800 units 4. All materials are added at the beginning of the process. 5. Beginning WIP was $7,657 10 6. Cost of DMadded during the month: $77,000 7. Cost of DL added during the month: $14,200 8. Factory overhead applied during the month: $6,880 13 9. Ending WIP inventory is 20% completed as to conversion costs 14 15 12 Required. 16 1 Compute total units to be assigned costs 2. Compute Group 1-3 whole units and equivalent units 18 R.Compute cost per equivalent unit for materials and conversion costs 18 4. Using cost per equivalent unit above, determine (A) cost transferred 20 21 22 out of WIP to next department and (B) cost assigned to ending WIP VIP- Blending Dept. 23 Units Units 24 25 26 Beginning 27 28 23 DM 30 31 32 DL 33 34…

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