Р 360,000
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- Casey Company has five activity cost pools and two products. It expects to produce 200,000 units of its automobile scissors jack and 80,000 units of its truck hydraulic jack. Having identified its activity cost pools and the cost drivers for each cost pool, Casey Company accumulated the following data relative to those activity cost pools and cost drivers. Expected Use of Cost Drivers per Product Hydraulic Jacks Annual Overhead Data Expected Use of Cost Drivers per Activity Estimated Scissors Activity Cost Pools Ordering and receiving Machine setup Machining Assembling Inspecting and testing Cost Drivers Overhead Jacks $ 200,000 600,000 2,000,000 1,800,000 700,000 2,500 orders 1,200 setups 800,000 hours 1,500 700 500,000 1,200,000 15,000 Purchase orders 1,000 Setups Machine hours 500 Parts Tests 3,000,000 parts 35,000 tests 300,000 1,800,000 20,000 $5,300,000 Required: Using ABC Calculate Per Unit and Total cost of Both Products also Comment?Porthos Co. has identified an activity cost pool to which it has allocated estimated ovehead of P1,920,000. It has determined the expected use of cost drivers for that activity to be 160,000 inspections. Product W require 40,000 inspections and Producr X require 30,000 inspections. 29. The overhead assigned to product W is а. Р 40,000 b. P 640,000 с. Р 360,000 d. P 480,000 orFlynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Estimated Use of Annual Overhead Data Cost Drivers per Product Estimated Estimated Use of Cost Product Product Activity Cost Pools Cost Drivers Overhead Drivers per Activity ВС113 AD908 Machine setup Setups $16,400 41 20 21 Machining Machine hours 111,320 4,840 1,060 3,780 Packing Orders 28,800 450 170 280 Using the above data, do the following: Prepare a schedule showing the computations of the activity-based overhead rates per cost driver. Activity Estimated Estimated Use of Cost Activity-Based Overhead Rates Cost Overhead Drivers per Activity Pools Machine per setups setup setuj per machine Machining mach hours hr. per Packing orders orde $ %24 %24 %24 %24
- Y Company uses activity-based costing for its product Delux and Melux. The total estimated annual overhead cost for set up was RO 530,000 and the expected activity was 5000 set ups for the period. If product Delux requires 2500 set ups, the amount of overheads allocated to product Exel for set up cost would be: a.RO 232,000 b.RO 265,000 c.RO 280,000 d.RO 260,000Pharoah Co. has identified an activity cost pool to which it has allocated estimated overhead of $10212000. It has determined the expected use of cost drivers for that activity to be 851000 inspections. Widgets require 217000 inspections, Gadgets 167000 inspections, and Targets 467000 inspections. How much is the overhead assigned to each product? O Widgets $3404000, Gadgets $3404000, Targets $3404000 O Widgets $217000, Gadgets $167000, Targets $467000 O Widgets $3404000, Gadgets $1702000, Targets $5106000 O Widgets $2604000, Gadgets $2004000, Targets $5604000Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Please prepare the AD908 I have attached in pictures below Annual Overhead Data Estimated Use ofCost Drivers per Product Activity Cost Pools Cost Drivers EstimatedOverhead Estimated Use of CostDrivers per Activity ProductBC113 ProductAD908 Machine setup Setups $16,400 41 20 21 Machining Machine hours 111,320 4,840 1,060 3,780 Packing Orders 28,800 450 170 280 Using the above data, do the following:
- For its inspecting cost pool, Ellsworth, Inc. expected overhead cost of $560000 and 4000 inspections. The actual overhead cost for that cost pool was $640000 for 5000 inspections. The activity-based overhead rate used to assign the costs of the inspecting cost pool to products is $128 per inspection. $160 per inspection. $140 per inspection. $112 per inspection.Acoma Co. has identified one of its cost pools to be quality control and has assigned $53,998 to that pool. Number of inspections has been chosen as the cost driver for this pool; Acoma performs 26,600 inspections annually. Suppose Acoma manufactures two products that consume 8,512 (Product 1) and 18,088 (Product 2) inspections each. Using activity rates, determine the amount of quality control cost to be assigned to each of Acoma’s product lines. (Do not round intermediate calculation. Round your final answers to 2 decimal places. How would i find the amount of quality control cost to be assigned?Silva Plastics Company has established standard cost for a unit of manufactured product as follows: Materials (3 kgs. @ P9) Labor (1 hour @ P84) Variable overhead (1 hour @ P24) Fixed overhead (1 hour @ P36) P27.00 84.00 24.00 36.00 Total standard unit cost P171.00 At normal operating capacity, 100,000 units of product should be manufactured in a year. Costs data pertaining to the operations for the year are summarized below: P1,908,000 Materials purchased (200,000 kgs.) Materials used in production 185,000 kgs. Labor hours 58,000 Labor rate P90.00 per hour Factory overhead- Variable P1,380,000 Fixed P3,600,000 During the year, 60,000 units of product were put into production and were completed. There were no units in process at the beginning or at the end of the year. There are also no inventories of raw materials or finished goods at the beginning of the year. REQUIRED: 1. Determine the materials and labor variances graphically and by formula.
- Flynn Industries has three activity cost pools and two products. It estimates production 3,000 units of Product BC113 and 1,500 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Annual Overhead Data Estimated Use ofCost Drivers per Product Activity Cost Pools Cost Drivers EstimatedOverhead Estimated Use of CostDrivers per Activity ProductBC113 ProductAD908 Machine setup Setups $16,000 40 25 15 Machining Machine hours 110,000 5,000 1,000 4,000 Packing Orders 30,000 500 150 350 Using the above data, do the following: (a). Prepare a schedule showing the computations of the activity-based overhead rates per cost driver. Activity CostPools EstimatedOverhead Estimated Use of CostDrivers per Activity Activity-BasedOverhead Rates Machine setup $ setups…Silva Plastics Company has established standard cost for a unit of manufactured product as follows: Materials (3 kgs. @ P9) Labor (1 hour @ P84) Variable overhead (1 hour @ P24) P27.00 84.00 24.00 Fixed overhead (1 hour @ P36) 36.00 Total standard unit cost P171.00 At normal operating capacity, 100,000 units of product should be manufactured in a year. Costs data pertaining to the operations for the year are summarized below: P1,908,000 Materials purchased (200,000 kgs.) Materials used in production 185,000 kgs. Labor hours 58,000 Labor rate P90.00 per hour Factory overhead- Variable P1,380,000 Fixed P3,600,000 During the year, 60,000 units of product were put into production and were completed. There were no units in process at the beginning or at the end of the year. There are also no inventories of raw materials or finished goods at the beginning of the year. REQUIRED: 1. Determine the materials and labor variances graphically and by formula. 2. Prepare the flexible overhead budget…XYZ Motors Corporation has identified activity centers to which overhead costs are assigned. The cost pool amounts for these centers and their selected cost drivers for 2018 are as follows: Activity Center - Utilities: Cost - P600,000 Cost Driver - 30,000 machine hours Activity Center - Scheduling sand setups Cost - P546,000 Cost Driver - 390 setups Activity Center - Material handling Cost - P1,280,000 Cost Driver - 800,000 kilos of materials The company's products and other operating statistics are as follows: Product A: Direct costs - P40,000 Machine hours - 15,000 Number of setups - 65 Kilos of material - 250,000 Number of units produced - 20,000 Direct labor hours - 16,000 Product B: Direct costs - P40,000 Machine hours - 5,000 Number of setups - 190 Kilos of material - 150,000 Number of units produced - 10,000 Direct labor hours - 9,000 Product C: Direct costs - P45,000 Machine hours - 10,000 Number of setups - 135 Kilos of material - 400,000 Number of units produced -…
