Homework Answers
Machine setup:
= $160,000 X 2,400 / (2,400 + 1,600)
= $96,000
Machine hours:
= $300,000 X 96,000 / (96,000+104,000)
= $144,000
Inspection:
= $100,000 X 3,000 / (3,000 + 2,000)
= $60,000
Total overheads applied to Velveeto:
= $96,000 + $144,000 + $60,000
= $300,000
2nd option
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x Using activity-based costing, overhead is applied using the related cost driver - machine step-ups, machine...
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x Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated...
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A. what is the companys plantwide iverhead rate ?
B.how much manufacturing overhead is allocated to product Y
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C. what is the actuvity rate for the machining activity cost
pool?
D.what is the activity rate for the machine setups activity
cost pool?
E. what is the activity rate fir the product design activity
cost pool?
F. what is the activity rate for the general factory cost
pool?
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c. assigns activity cost pools to products and services, then allocates overhead back to the activity...
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Ripa Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have been allocated...
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A. using the abc system, how much total manufacturing overhead
cost would be assigned to product Y?
B. Using ABC system, how mych total manufacturing overhead
cost woykd be assigned to product Z?
C.using the plabtwide iverhead rate, what percentage if the
total overbead cost is allocated to product Y and product Z?
D. Using ABC system, what percebtage if the machining costs is
assigned to product Y and product Z?
E. what percentage if machine setups cost is assigned...
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x Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 120,000 500 orders Machine Setup Setups 297,000 450 setups Machining Machine hours 1,500,000 125,000 MH Assembly Parts 1,200,000 1,000,000 parts Inspection Inspections 300,000 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is Selected Answer: A....
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A. what is the companys plantwide iverhead rate ?
B.how much manufacturing overhead is allocated to product Y
and product Z?
C. what is the actuvity rate for the machining activity cost
pool?
D.what is the activity rate for the machine setups activity
cost pool?
E. what is the activity rate fir the product design activity
cost pool?
F. what is the activity rate for the general factory cost
pool?
Greenwood Company manufactures two products—14,000 units of Product Y and...
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...
Ripa Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have been allocated to the company's three activity pools as follows: Machining. $111,755; Order Filling, $175,800; and Fabrication, $135,405. Machining costs are assigned to products based on machine hours, Order Filling are assigned based on the number of orders, and Fabrication costs are assigned based on the number of machine setups required. Activity data are as follows: Machine Orders Setups Hours Product 750 255 1,560 X Product...
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