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Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same...


Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the cur
Activity Rate Required: 1 Assign these three overhead cost pools to each of the two products using ABC. Activity Overhead Cos
Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the current period, the company reports the following data Direct materials Direct labor Overhead (300x of direct labor cost) Total cost Quantity produced Average cost per ft. (rounded) Rounded Edge $ 9,600 6,100 18,309 534,000 10,700 ft. $ 3.18 Squared Edge Total $21,800 $ 31,400 11,900 18.000 35,700 54,000 569,400 $103, 400 14,200 ft. Glassworks's controller wishes to apply activity-based costing (ABC) to allocate the $54,000 of overhead costs incurred by the two product lines to see whether cost per foot would change markedly from that reported above. She has collected the following information Overhead Cost Category Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Total overhead Cost $ 2.160 28,840 23,000 554.000 She has also collected the following information about the cost drivers for each categgy cost pool and the amount of each driver used by the two product lines. (Round activity rate and cost per unit answers to 2 del imal places.) Usage Total Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly Line preparation Driver Direct Labor cost (5) Machine hours Setupsumber) Rounded Edge 30.100 200 hours Squared Edge $11.000 600 hours . Required: 1. Assign these three overhead cost pools to each of the two products using ABC. Activity Overhead Cost Activity Drivers labor cost Activity Rate 2 < Prey 18 of 18
Activity Rate Required: 1 Assign these three overhead cost pools to each of the two products using ABC. Activity Overhead Cost Overhead cost Activity Drivers Supervision Direct labor cost Depreciation of machinery Machine hours Assembly line preparation Setups Rounded edge Activity rate Supervision Depreciation of machinery Assembly line preparation Activity driver incurred Overhead assigned Activity rate Activity driver incurred Overhead assigned Squared edge Components Supervision Depreciation of machinery Assembly line preparation 2. Determine average cost per foot for each of the two products using ABC. Rounded edge Squared edge
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I Answer وخواتم) AAC ABC costing ie Activity @pied casting is method of cesting which allocater production overhead cost to tIsquared Edge Activity Ryle Activity Dijver encored Overhead Assigned Supervision tep on machine 12 36.05 % of direct labour

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