Homework Answers
Correct answer----------$782,385
Working
| Driver | Overhead Cost (A) | Expected Activity (B) | Activity rate (A/B) | ||
| Overhead cost | Number of DLH | $ 1,162,400.00 | 5200 | $ 223.54 | Per DLH |
.
| Cost assigned to Zeta | |||
| Activity name | Activity Rates | Activity | ABC Cost |
| (A) | (B) | (A x B) | |
| Overhead cost | $ 223.54 | 3,500.00 | $ 782,384.62 |
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St. Vincent's, Inc., currently uses traditional costing procedures, applying $1162.400 of overhead to products Beta and...
St. Vincent's, Inc., currently uses traditional costing procedures, applying $162.400 of overhead to products Beta and...
St. Vincent's, Inc., currently uses traditional costing procedures, applying $162.400 of overhead to products Beta and Zeta on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow Pool No. 2 (Driver: Pool No. 3 (Driver: Pool No.1 (Driver:...
St. Vincent's, Inc., currently uses traditional costing procedures, applying $1,005,000 of overhead to products Beta and...
St. Vincent's, Inc., currently uses traditional costing procedures, applying $1,005,000 of overhead to products Beta and Zeta on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH), production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow. Pool No. 1 (Driver: DLH) 2,000 2,800 Pool No. 2 (Driver:...
St. Vincent's, Inc., currently uses traditional costing procedures, applying $995,300 of overhead to products Beta and...
St. Vincent's, Inc., currently uses traditional costing procedures, applying $995,300 of overhead to products Beta and Zeta on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH), production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow Pool No.1 (Driver: DLH) 1,800 3,250 Pool No. 2 (Driver: SU)...
St. Vincent’s, Inc., currently uses traditional costing procedures, applying $800,000 of overhead to products Beta and...
St. Vincent’s, Inc., currently uses traditional costing procedures, applying $800,000 of overhead to products Beta and Zeta on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH), production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow. Product Pool No.1 (Driver: DLH) Pool No. 2 (Driver: SU) Pool...
no need for details, just the final answer COVID 19 Company produces hand tools. Budgeted sales...
no need for details, just the
final answer
COVID 19 Company produces hand tools. Budgeted sales for March are 10,300 units. Beginning finished goods inventory in March is budgeted to be 2200 units, and ending finished goods inventory is budgeted to be 1800 units. How many units will be produced in March? Select one: a. 14,300 b. 10,700 C. 10.300 o d. 9900 Kawards & Layyers Inc. produces leather handbags. The production budget for the next four months is: July...
also, Calculate the overhead rates using the traditional approach. Overhead Rates using the traditional approach is....
also, Calculate the overhead rates using the
traditional approach.
Overhead Rates using the traditional approach is.
______$___________ per direct labor hour
What amount of overhead would be allocated to the wool
and cotton product lines using the traditional approach, assuming
direct labor hours were incurred evenly between the wool and
cotton?
Overhead Allocated. for Wool Product Line is
=____$_____
Overhead Allocated. for Cotton Product Line is
=____$______
EcoFabrics has budgeted overhead costs of $1,105,650. It has allocated overhead on...
Calculate the overhead rate using activity based costing. (Round answers to 2 decimal places, e.g. 12.25.)...
Calculate the overhead rate using activity based
costing. (Round answers to 2 decimal places,
e.g. 12.25.)
Overhead rates for activity-based
costing
Cutting
$
per machine hour
Design
$
per setup
Determine the amount of overhead allocated to the wool
product line and the cotton product line using activity-based
costing.
Wool product line
Cotton
product line
Overhead Allocated
$
$
Calculate the overhead rate using traditional approach.
(Round answer to 2 decimal places, e.g.
12.25.)
Overhead rates using the...
c. assigns activity cost pools to products and services, then allocates overhead back to the activity...
c. assigns activity cost pools to products and services, then allocates overhead back to the activity cost pools. d. allocates overhead directly to products and services based on activity levels e. none of these answers are correct. 21. Which of the following has the weakest linkage between activity and cost driver? Activity Machine setup Machine maintenance Lighting on shop floor Quality control Manual cloth making Cost Driver Number of setups Book value of machines Number of kilowatt-bours Square feet of...
Njombe Corporation manufactures a variety of products. In the past, Njombe has been using a traditional...
Njombe Corporation manufactures a variety of products. In the past, Njombe has been using a traditional costing system in which the predetermined overhead rate was 150% of direct labor cost. Selling prices had been set by multiplying total product cost by 200%. Sensing that this system was distorting costs and selling prices, Njombe has decided to switch to an activity-based costing system for manufacturing overhead costs that uses the three activity cost pools listed below. Selling prices are still to...
EcoFabrics has budgeted overhead costs of $1,039,500. It has allocated overhead on a plantwide basis cotton)...
EcoFabrics has budgeted overhead costs of $1,039,500. It has allocated overhead on a plantwide basis cotton) using direct labor hours which are estimated to be 495,000 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting (cost driver is machine hours) and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $396,000 and...
St. Vincent's, Inc., currently uses traditional costing procedures, applying $162.400 of overhead to products Beta and Zeta on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow Pool No. 2 (Driver: Pool No. 3 (Driver: Pool No.1 (Driver:...
St. Vincent's, Inc., currently uses traditional costing procedures, applying $1,005,000 of overhead to products Beta and Zeta on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH), production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow. Pool No. 1 (Driver: DLH) 2,000 2,800 Pool No. 2 (Driver:...
St. Vincent's, Inc., currently uses traditional costing procedures, applying $995,300 of overhead to products Beta and Zeta on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH), production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow Pool No.1 (Driver: DLH) 1,800 3,250 Pool No. 2 (Driver: SU)...
no need for details, just the
final answer
COVID 19 Company produces hand tools. Budgeted sales for March are 10,300 units. Beginning finished goods inventory in March is budgeted to be 2200 units, and ending finished goods inventory is budgeted to be 1800 units. How many units will be produced in March? Select one: a. 14,300 b. 10,700 C. 10.300 o d. 9900 Kawards & Layyers Inc. produces leather handbags. The production budget for the next four months is: July...
also, Calculate the overhead rates using the
traditional approach.
Overhead Rates using the traditional approach is.
______$___________ per direct labor hour
What amount of overhead would be allocated to the wool
and cotton product lines using the traditional approach, assuming
direct labor hours were incurred evenly between the wool and
cotton?
Overhead Allocated. for Wool Product Line is
=____$_____
Overhead Allocated. for Cotton Product Line is
=____$______
EcoFabrics has budgeted overhead costs of $1,105,650. It has allocated overhead on...
Calculate the overhead rate using activity based
costing. (Round answers to 2 decimal places,
e.g. 12.25.)
Overhead rates for activity-based
costing
Cutting
$
per machine hour
Design
$
per setup
Determine the amount of overhead allocated to the wool
product line and the cotton product line using activity-based
costing.
Wool product line
Cotton
product line
Overhead Allocated
$
$
Calculate the overhead rate using traditional approach.
(Round answer to 2 decimal places, e.g.
12.25.)
Overhead rates using the...
c. assigns activity cost pools to products and services, then allocates overhead back to the activity cost pools. d. allocates overhead directly to products and services based on activity levels e. none of these answers are correct. 21. Which of the following has the weakest linkage between activity and cost driver? Activity Machine setup Machine maintenance Lighting on shop floor Quality control Manual cloth making Cost Driver Number of setups Book value of machines Number of kilowatt-bours Square feet of...
Njombe Corporation manufactures a variety of products. In the past, Njombe has been using a traditional costing system in which the predetermined overhead rate was 150% of direct labor cost. Selling prices had been set by multiplying total product cost by 200%. Sensing that this system was distorting costs and selling prices, Njombe has decided to switch to an activity-based costing system for manufacturing overhead costs that uses the three activity cost pools listed below. Selling prices are still to...
EcoFabrics has budgeted overhead costs of $1,039,500. It has allocated overhead on a plantwide basis cotton) using direct labor hours which are estimated to be 495,000 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting (cost driver is machine hours) and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $396,000 and...
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