Ace, Inc. has three activity pools which have the following costs: Machine Setups: $20,000 Material Moves:...
Ace, Inc. has three activity pools which have the following costs:
Machine Setups: $20,000
Material Moves: $20,000
Machine Operations: $16,000
The activity cost drivers (and driver quantity) for the three pools are, respectively, number of setups (100), number of material moves (220), and number of machine hours (175).
Product G10 used the following quantity of activity drivers to produce 100 units of final product:
12 setups
20 material moves, and
32 machine hours
The total costs using activity based costing is:
Homework Answers
Answer
--Working forms part of the answer
| Machine Setup | $2,400.00 | [$ 20000 x 12/100] |
| Material moves | $1,818.18 | [$ 20000 x 20/220] |
| Machine Operations | $2,925.71 | [$ 16000 x 32/175] |
| Total cost using activity based costing | $7,143.90 | = ANSWER |
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Ace, Inc. has three activity pools which have the following
costs:
Machine Setups: $20,000
Material Moves:...
P5-4A. Stage Two ABC for Manufacturing Merlot Company has determined its activity cost pools and cost...
P5-4A. Stage
Two ABC for Manufacturing Merlot Company has determined
its activity cost pools and cost drivers to be the following:
Cost
Pools
Setup……………………………………………………………………………………………………………………$59,500
Materials
handling……………………………………………………………………………………………….$16,000
Machine
operation……………………………………………………………………………………………….$300,000
Packing…………………………………………………………………………………………………………………$60,000
Total indirect
Manufacturing costs………………………………………………………………………..$435,500
Cost
drivers
Setups……………………………………………………………………………………………………………………..$350
Materials
moves………………………………………………………………………………………………………$640
Machine
hours…………………………………………………………………………………………………………$20,000
Packing
orders…………………………………………………………………………………………………………$1,000
One product made by
Merlot, metal casements, used the following activities during the
period to produce 500 unit:
Setups……………………………………………………………………………………………………………………..20
Materials
moves……………………………………………………………………………………………………….80
Machine
hours…………………………………………………………………………………………………………1,900
Packing
orders………………………………………………………………………………………………………….150
Required
Calculate the cost per unit of activity for each activity cost
pool...
Machine Setups Machining hours Do It Review 4-2 0-0 Plynn Industries has three activity cost pools...
Machine Setups Machining hours Do It Review 4-2 0-0 Plynn Industries has three activity cost pools and two products. It estimated production 2,000 units of Product BC113 and 1,000 of Product ADS08. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers Estimated Use of Annual Overhead Data Cost Drivers per Product Estimated Estimated COM Product Product Activity Overhead Drivers 8C113 ADSOB Cost...
Ace Manufacturing identifies the following activities and drivers for its operations: Activity Activity Driver Driver Quantity...
Ace Manufacturing identifies the following activities and drivers for its operations: Activity Activity Driver Driver Quantity Moving Materials Number of moves 200 Machining Machine hours 10,000 Ace estimates Moving Materials and Machining will cost $1,400,000 and $3,000,000 respectively. Ace's activity rates are: a.$70 per move and $3 per machine hour. b.$7 per move and $30 per machine hour. c.$700 per move and $3,000 per machine hour. d.$7,000 per move and $300 per machine hour.
Two-Stage ABC for Manufacturing Meridian Company has determined its activity cost pools and cost drivers to...
Two-Stage ABC for Manufacturing Meridian Company has determined its activity cost pools and cost drivers to be the following: Cost pools Setup $63.000 Material handling 25,600 Machine operation 220,000 Packing 90.000 Total indirect manufacturing costs $398,600 Cost drivers Setups 350 Material moves 640 Machine hours 20,000 Packing orders 1.200 One product made by Meridian, metal casements, used the following activities during the period to produce 500 units: Setups 20 Material moves Machine hours 1,900 Packing orders 150 (a) Calculate the...
Two-Stage ABC for Manufacturing Merlot Company has determined its activity cost pools and cost drivers to...
Two-Stage ABC for Manufacturing Merlot Company has determined its activity cost pools and cost drivers to be the following: Cost Pools Setup Material handling Machine operation packing Total indirect manufacturing costs $112,000 25,600 480,000 60,000 $677,600 Cost drivers Setups Material moves Machine hours Packing orders 350 640 20,000 1,200 One product made by Merlot, metal casements, used the following activities during the period to produce 500 units: Setups Material moves 80 Machine hours 1,900 Packing orders 150 20 a. Calculate...
Two-Stage ABC for Manufacturing Meridian Company has determined its activity cost pools and cost drivers to...
Two-Stage ABC for Manufacturing Meridian Company has determined its activity cost pools and cost drivers to be the following: Cost pools Setup $35,000 Material handling 12,800 Machine operation 280,000 Packing 30,000 Total indirect manufacturing costs $357,800 Cost drivers Setups 350 Material moves 640 Machine hours 20,000 Packing orders 1,200 One product made by Meridian, metal casements, used the following activities during the period to produce 500 units: Setups 20 Material moves 80 Machine hours 1,900 Packing orders 150 (a) Calculate...
Activity cost pools Materials handling Machine maintenance $48,590 $10,120 Cost drivers Number of material moves Number...
Activity cost pools Materials handling Machine maintenance $48,590 $10,120 Cost drivers Number of material moves Number of machine hours 430 46,000 Required: 1. Calculate Bluefield's activity rate for each cost pool. 2. Determine the amount of overhead assigned to Bluefield's products if each has the following activity demands: Number of material moves Number of machine hours Product A Product B 240 190 17,900 28,100 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate...
Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of...
Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Annual Overhead Data Product AD908 Activity Cost Pools Machine setup Machining Packing Estimated Overhead $22,000 97,200 30,080 Cost Drivers Setups Machine hours Orders 21 Estimated Use of Cost Drivers per...
Flynn Industries has three activity cost pools and two products. It estimates production 2,000 un...
Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Estimated Use of Cost Drivers per Product Estimated Use of Cost Product Product Annual Overhead Data Estimated Overhead $18,500 106,920 35,640 Drivers per Activity Activity Cost Pools Machine setup Machining...
s Do It! Review 17-02 a-c Flynn Industries has three activity cost pools and two products....
s Do It! Review 17-02 a-c Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Estimated Use of Annual Overhead Data Cost Drivers per Product Estimated Estimated Use of Cost Product Product Activity Cost Pools Cost Drivers Overhead Drivers...
P5-4A. Stage
Two ABC for Manufacturing Merlot Company has determined
its activity cost pools and cost drivers to be the following:
Cost
Pools
Setup……………………………………………………………………………………………………………………$59,500
Materials
handling……………………………………………………………………………………………….$16,000
Machine
operation……………………………………………………………………………………………….$300,000
Packing…………………………………………………………………………………………………………………$60,000
Total indirect
Manufacturing costs………………………………………………………………………..$435,500
Cost
drivers
Setups……………………………………………………………………………………………………………………..$350
Materials
moves………………………………………………………………………………………………………$640
Machine
hours…………………………………………………………………………………………………………$20,000
Packing
orders…………………………………………………………………………………………………………$1,000
One product made by
Merlot, metal casements, used the following activities during the
period to produce 500 unit:
Setups……………………………………………………………………………………………………………………..20
Materials
moves……………………………………………………………………………………………………….80
Machine
hours…………………………………………………………………………………………………………1,900
Packing
orders………………………………………………………………………………………………………….150
Required
Calculate the cost per unit of activity for each activity cost
pool...
Machine Setups Machining hours Do It Review 4-2 0-0 Plynn Industries has three activity cost pools and two products. It estimated production 2,000 units of Product BC113 and 1,000 of Product ADS08. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers Estimated Use of Annual Overhead Data Cost Drivers per Product Estimated Estimated COM Product Product Activity Overhead Drivers 8C113 ADSOB Cost...
Two-Stage ABC for Manufacturing Meridian Company has determined its activity cost pools and cost drivers to be the following: Cost pools Setup $63.000 Material handling 25,600 Machine operation 220,000 Packing 90.000 Total indirect manufacturing costs $398,600 Cost drivers Setups 350 Material moves 640 Machine hours 20,000 Packing orders 1.200 One product made by Meridian, metal casements, used the following activities during the period to produce 500 units: Setups 20 Material moves Machine hours 1,900 Packing orders 150 (a) Calculate the...
Two-Stage ABC for Manufacturing Merlot Company has determined its activity cost pools and cost drivers to be the following: Cost Pools Setup Material handling Machine operation packing Total indirect manufacturing costs $112,000 25,600 480,000 60,000 $677,600 Cost drivers Setups Material moves Machine hours Packing orders 350 640 20,000 1,200 One product made by Merlot, metal casements, used the following activities during the period to produce 500 units: Setups Material moves 80 Machine hours 1,900 Packing orders 150 20 a. Calculate...
Activity cost pools Materials handling Machine maintenance $48,590 $10,120 Cost drivers Number of material moves Number of machine hours 430 46,000 Required: 1. Calculate Bluefield's activity rate for each cost pool. 2. Determine the amount of overhead assigned to Bluefield's products if each has the following activity demands: Number of material moves Number of machine hours Product A Product B 240 190 17,900 28,100 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate...
Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Annual Overhead Data Product AD908 Activity Cost Pools Machine setup Machining Packing Estimated Overhead $22,000 97,200 30,080 Cost Drivers Setups Machine hours Orders 21 Estimated Use of Cost Drivers per...
Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Estimated Use of Cost Drivers per Product Estimated Use of Cost Product Product Annual Overhead Data Estimated Overhead $18,500 106,920 35,640 Drivers per Activity Activity Cost Pools Machine setup Machining...
s Do It! Review 17-02 a-c Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Estimated Use of Annual Overhead Data Cost Drivers per Product Estimated Estimated Use of Cost Product Product Activity Cost Pools Cost Drivers Overhead Drivers...
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