Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to...
Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below:
| Processing | $ | 3,800 |
| Supervising | $ | 23,800 |
| Other | $ | 10,400 |
Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below:
| MHs (Processing) | Batches (Supervising) | |
| Product M0 | 9,700 | 500 |
| Product M5 | 300 | 500 |
| Total | 10,000 | 1,000 |
Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins.
| Product M0 | Product M5 | ||||
| Sales (total) | $ | 74,100 | $ | 89,900 | |
| Direct materials (total) | $ | 28,500 | $ | 31,400 | |
| Direct labor (total) | $ | 27,800 | $ | 41,700 | |
What is the overhead cost assigned to Product M5 under activity-based costing?
Multiple Choice
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$12,014
-
$11,900
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$114
-
$19,000
Homework Answers
Processing = $3800 ÷ 10000 MHs
= $ 0.38 per MH
Supervising = $ 23800 ÷ 1000 batches
= $ 23.80 per batch
Oveadhead cost of product M5
processing = $0.38 per MHs * 300 MHs = $ 114
Supervising = $23.80 per batch * 500 batches =$11900
Total overhead cost of product m5 = $114+$11900
= $ 12014
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Mirabile Corporation uses activity-based costing to compute
product margins. Overhead costs have already been allocated to...
Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to...
Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing $ 4,625 Supervising $ 31,500 Other $ 10,900 Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear...
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Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing $ 3,740 Supervising $ 27,840 Other $ 10,600 Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear...
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