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Solution: The correct option is Option D i.e $6.00
Working: Inspection Activity rate = $127800/21300 inspections i.e $6.00
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inspections activity - cosr driver rate is
Santor's Corp. manufactures two sizes of...
7. Canton Corp. manufactures two sizes of ceramic paperweights, regular and jumbo. The following information applies...
7. Canton Corp. manufactures two sizes of ceramic paperweights, regular and jumbo. The following information applies to their expectations for the planning period: Cost Pool Materials handling Machine maintenance Setups Inspections Total support costs Overhead Costs $46,000 $360,000 $258,780 $149,800 $814,580 Activity-cost driver 97,000 orders 19,000 maintenance hours 45,400 setups 21,400 inspections Production Estimates Production units: Regular = 12,000,000 units Jumbo = 24,000,000 units Machine-hours = 400,000 mh Labor-hours = 800,000 dlh Expected direct costs amounts to $927,000 for the...
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Activity cost pool Machine setup Machine operation Inspections Esimated acivity costs $600,000 $500,000 $120.000 Estimated Allocation...
Activity cost pool Machine setup Machine operation Inspections Esimated acivity costs $600,000 $500,000 $120.000 Estimated Allocation Base 12,000 setup hours 10,000 machine hours 2,000 inspections The following data is for the production of its U2 shafts during the month of January 300 $20,000 $10,000 Units produced Direct materials cost Direct labor cost Setup hours Machine hours Inspections Determine the amount of manufacturing overhead allocated. Round your answer to two decimal places O A. $1,080.00 O B. $160.00 O C. $3.60...
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Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $164,775 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines: Cost Assigned Activity Cost Pools Cost Driver to Pool Materials handling Number of moves $ 2,940 Quality control Number of inspections $ 34,435 Machine maintenance Number of machine hours $127,400 Quantity/Amount Quantity/Amount Consumed by Consumed by Basic Luxury...
Activity-Based Costing Zeus Industries manufactures two types of electrical power units, custom and standard, which involve...
Activity-Based Costing 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 $ 67,500 Number of setups Procurement 126,000 Number of purchase orders (PO) Quality control 156,000 Number of inspections Materials management 147,000 Number of components Total $496,500 The activity-base...
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Activity-Based Costing 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 Production setup Procurement $ 58,500 136,500 182,000 200,000 Activity Base Number of setups Number of purchase orders (PO) Number of inspections Number of components Quality control Materials management Total $577,000 The activity-base...
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7. A company has two products: Basic and Deluxe. It uses activity-based costing and has prepared the following analysis showing budgeted costs and activities. 16,000 units, Annual production of Basic is 28.00 Annual production of Deluxe is - 12,000 units. Product Basie Product Deluxe Total Activity Cost Pool Budgeted Overhead Cost $ 170,000 Machining 600 Machine hours 1400 Machine Hours 800 Machine Hours 600 setups 800 setups 1400 Setups S 145,000 Setups 450 Batches 1100 Batches 650 Batches $ 160,000...
Question 2 Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum...
Question 2 Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pool Ordering and Receiving Machine Setup Cost Driver Orders Setups Machine hours Parts Inspections Estimated Overhead $130,000 297,000 1,000,000 1,600,000 300,000 Cost Drivers by Product Budget Deluxe 600 400 500 400 150,000 100,000 1,200,000 800,000 550 450 Machining Assembly Inspection Compute the overhead cost per unit for each product. Production is 700,000 units...
Section 4: Ortiz Manufacturing has five activity cost pools and two products (a budget tape vacuum...
Section 4: Ortiz Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Cost Drivers by Product Activity Cost Pool Cost Driver Est. Overhead Budget Deluxe Ordering and Receiving Orders $ 130,000 600 Machine Setup Setups 297,000 500 400 Machining Machine hours 1,000,000 150,000 100,000 Assembly Parts 1,600,000 1,200,000 800,000 Inspection Inspections 300,000 550 450 400 Instructions Compute the overhead cost per unit for each product Production is...
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Pecan Inc. produces water valves. Overhead costs have been identified as follows: Activity Pool Quality control Machine maintenance Setups Cost $ 59,570 $108,300 $ 91,500 Activity Driver Number of inspections Number of machine hours Number of production runs Activity 185 19,000 60 Pecan makes 3 models of valves with the following details: Units produced Number of inspections Machine hours Production runs Economy 20,000 5 4,500 5 Standard 40,000 40 12,000 20 Premium 7,000 140 2,500 35 Required: a. Calculate the...
Activity cost pool Machine setup Machine operation Inspections Esimated acivity costs $600,000 $500,000 $120.000 Estimated Allocation Base 12,000 setup hours 10,000 machine hours 2,000 inspections The following data is for the production of its U2 shafts during the month of January 300 $20,000 $10,000 Units produced Direct materials cost Direct labor cost Setup hours Machine hours Inspections Determine the amount of manufacturing overhead allocated. Round your answer to two decimal places O A. $1,080.00 O B. $160.00 O C. $3.60...
mpany produces two types of stereo units: deluxe and regular. Activity data follow: Activity usage measures Product-costing data Deluxe Regular Total Units produced per year 5.000 50.000 35.000 Prime cost $39.000 $309.000 S408.000 Direct labor hours SO,000 45.000 90.000 Machine hours 100.000 5.000 10.000 10 120 Production runs 15 Number of moves 60 180 Activity cost data (overhead activities) Activity Cost S60,000 Setups terials handling 30,000 Power 50.000 40.000 Testing Total 180.000 1. Calculate the consumption ratios for each activity...
Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $164,775 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines: Cost Assigned Activity Cost Pools Cost Driver to Pool Materials handling Number of moves $ 2,940 Quality control Number of inspections $ 34,435 Machine maintenance Number of machine hours $127,400 Quantity/Amount Quantity/Amount Consumed by Consumed by Basic Luxury...
Activity-Based Costing 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 Production setup Procurement $ 58,500 136,500 182,000 200,000 Activity Base Number of setups Number of purchase orders (PO) Number of inspections Number of components Quality control Materials management Total $577,000 The activity-base...
7. A company has two products: Basic and Deluxe. It uses activity-based costing and has prepared the following analysis showing budgeted costs and activities. 16,000 units, Annual production of Basic is 28.00 Annual production of Deluxe is - 12,000 units. Product Basie Product Deluxe Total Activity Cost Pool Budgeted Overhead Cost $ 170,000 Machining 600 Machine hours 1400 Machine Hours 800 Machine Hours 600 setups 800 setups 1400 Setups S 145,000 Setups 450 Batches 1100 Batches 650 Batches $ 160,000...
Question 2 Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pool Ordering and Receiving Machine Setup Cost Driver Orders Setups Machine hours Parts Inspections Estimated Overhead $130,000 297,000 1,000,000 1,600,000 300,000 Cost Drivers by Product Budget Deluxe 600 400 500 400 150,000 100,000 1,200,000 800,000 550 450 Machining Assembly Inspection Compute the overhead cost per unit for each product. Production is 700,000 units...
Section 4: Ortiz Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Cost Drivers by Product Activity Cost Pool Cost Driver Est. Overhead Budget Deluxe Ordering and Receiving Orders $ 130,000 600 Machine Setup Setups 297,000 500 400 Machining Machine hours 1,000,000 150,000 100,000 Assembly Parts 1,600,000 1,200,000 800,000 Inspection Inspections 300,000 550 450 400 Instructions Compute the overhead cost per unit for each product Production is...
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