Right Manufacturing Company is manufactures three models of electric panels (Base, Mid-range and Top-notch) in a continuous production process. Right uses traditional overhead allocation method using a single allocation base - Machine hours. The projected total MOH costs for the year were estimated as $629,800 with an anticipated total machine hours 6,700 for the same period. The number of units produced and machine hours used by the three products are as follows: Product Models Base Mid-range Top-notch Required: Part A Units Produced Machine hours used 3,000 3750 1,500 500 2100 850 a) Calculate the MOH allocation rate based traditional allocation method. MOH allocation rate based traditional allocation method: b) Determine the allocated MOH in total and per unit for each of the products in the table below: per machine hour Allocated MOH Base Mid-range Top-notch Total Per unit Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical manufacturing activities as follows: Activities Purchasing Setup Machining Engineering Inspection Activity Cost Pool $29,000 $112,000 $268,000 $148,800 $72,000 $629,800 Activity Base Material order (MO) Setups Machine Hours (MH) Engineering Hours (EH) Inspection Hours (IH) The activity-base usage quantities and units produced for the three products were determined from corporate records and are as follows: Product Models Formula: MOH Allocation rate: Estimated MOH costs/E Allocated MOH to products = MOH Allocation Activity rate = Activity cost pool + Total numb Allocated MOH cost = Activity rate x Activity Total Allocated MOH cost for each product = MOH costs per unit of product = Total Allocat Base Mid-range Top-notch Total Required: Part B Number of Material order (MO) Number of Setups 300 250 250 800 Number of Machine Hours (MH) Number of Number of 100 200 3750 2100 Engineering Hours (EH) Inspection Hours (IH) 220 Number of Units produced 200 3,000 180 160 1,500 100 850 200 140 500 400 6,700 600 500 a) Determine the activity rate for each activity. Round all per unit amounts to the nearest cent. Activities Purchasing Setup Machining Engineering Inspection Activity Cost Pool Total Number of Activity Base Material order (MO) Setups Machine Hours (MH) Engineering Hours (EH) Inspection Hours (IH) b). Determine the total and per-unit MOH cost for all three products using Activity-based costing. Show all total costs to whole number and round all per unit amounts to the nearest cent. Activity rate

Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity- based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z: Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machining Windows DESKTOP- Windows Number of setups Number of products Direct labor-hours Total overhead cost Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y FEB +1 (252) 484-2153 Oh nun Product Y Product Z 8,800 3,200 240 40 1 1 8,800 3,200 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y an Product Z? (F your intermediate calculations to 2 decimal places. Round your answers to 2…

Greenwood Company manufactures two products—15,000 units of Product Y and 7,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z:   Activity Cost Pool Activity Measure Estimated Overhead Cost Expected Activity Machining Machine-hours $ 231,000 11,000 MHs Machine setups Number of setups $ 180,000 300 setups Production design Number of products $ 94,000 2 products General factory Direct labor-hours $ 260,000 10,000 DLHs   Activity Measure Product Y Product Z Machining 9,000 2,000 Number of setups 60 240 Number of products 1 1 Direct labor-hours 9,000 1,000   4. What is the activity rate for the Machine Setups activity cost pool?

Becton Labs, Incorporated, produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Quantity or 2.50 Hours ounces 0.90 hours Standard Price or Rate $ 22.00 per ounce $ 16.00 per hour 0.90 hours $ 2.00 per hour Standard Cost $ 55.00 14.40 1.80 $ 71.20 During November, the following activity was recorded related to the production of Fludex: a. Materials purchased, 14,000 ounces at a cost of $289,800. b. There was no beginning inventory of materials; however, at the end of the month, 4,050 ounces of material remained in ending inventory. c. The company employs 26 lab technicians to work on the production of Fludex. During November, they each worked an average of 150 hours at an average pay rate of $15.00 per hour. d. Variable…