The controller has asked you to compare plant-wide, department, and activity-based cost allocation. Tribute Budgeted Information for the Year Ended November 30, 2017 Forming Department Basic Deluxe Total Direct materials $ 26,000 $ 23,000 $ 49,000 Direct manufacturing labor 32,300 7,700 40,000 Overhead costs: Set up 158,400 Overhead costs: General overhead 22,400 Assembly Department Basic Deluxe Total Direct materials $ 5,100 $ 23,400 $ 28,500 Direct manufacturing labor 15,600 20,400 36,000 Overhead costs: General overhead 64,800

Single Plantwide and Multiple Production Department Factory Overhead Rate Methods and Product Cost Distortion The management of Nova Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication and Assembly. Management needs accurate product cost information in order to guide product strategy. Presently, the company uses a single plantwide factory overhead rate for allocating factory overhead to the two products. However, management is considering the multiple production department factory overhead rate method. The following factory overhead was budgeted for Nova: $765,000 315,000 $1,080,000 Fabrication Department factory overhead Assembly Department factory overhead Total Direct labor hours were estimated as follows: Fabrication Department Assembly Department Total In addition, the direct labor hours (dlh) used to produce a unit of each product in each department were determined from engineering records, as follows: Production Departments…

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please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)   Question Content Area Activity rates and product costs using activity-based costing Idris Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Activity BudgetedActivity Cost Activity Base Casting $640,000 Machine hours Assembly 125,000 Direct labor hours Inspecting 30,000 Number of inspections Setup 28,000 Number of setups Materials handling 20,000 Number of loads   Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow: Activity Base Entry Dining Total Machine hours 7,500 12,500 20,000…

Activity-based costing can be beneficial in allocating selling and administrative expenses to various products for managerial decision making. Which of the following would be the best allocation base for help desk costs? a. number of sales employees Ob. number of products sold c. number of calls Od. square footage of the help desk office

Allocate overhead using a single plantwide rate, multiple department rates, and activity-based costing Big Sound Inc. manufactures two products: receivers and loudspeakers. The factory overhead incurred is as follows: Indirect labor Subassembly Department Final Assembly Department Total The activity base associated with the two production departments is direct labor hours. The indirect labor can be assigned to two different activities as follows: Activity Setup Quality control Total Budgeted Activity Cost Required: Receivers 80 Loudspeakers 320 Total 400 $400,400 198,800 114,800 $714,000 The activity-base usage quantities and units produced for the two products follow: $138,600 Number of setups 261,800 Number of inspections $400,400 Number of Number of Setups Inspections 450 Activity Base 1,750 2,200 Direct Labor Hours- Subassembly 875 525 1,400 Direct Labor Hours-Final Units Assembly Produced 7,000 7,000 14,000 525 875 1,400 1. Determine a plantwide overhead rate based upon direct…

Activity-based costing (ABC) is a costing technique that uses a two-stage allocation process. Which of the following statements best describes these two stages?       Multiple Choice   Direct costs are allocated to the production departments based on a predetermined overhead rate.   The costs are assigned to departments, and then to the products based upon their use of activity resources.   The costs are assigned to activities, and then to the products based upon their use of the activities.   Indirect costs are assigned to activities, and then to the products based upon the direct cost resources used by the activities.