Homework Answers
Total Overhead = 2000000 + 4850000 + 1500000 = 8,350,000
Total direct labor hours = 15,000+25,000 = 40,000
Overhead rate = 8,350,000/40,000 = 208.75
Overhead applied to case 165
= 25,000*208.75
= 5218750
Option A
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Zimmerman Company manufactures two products, Board 12 and Case 165. Zimmerman's overhead costs consist of setting...
Johnstone Company manufactures two products, Board 12 and Case 165. Johnstone's overhead costs consist of setting...
Johnstone Company manufactures two products, Board 12 and Case 165. Johnstone's overhead costs consist of setting up machines, $1,600,000: machining $3,600,000; and inspecting, $1,200,000. Information on the two products is: Board 12 Case 165 Direct labor hours 15,000 25,000 Machine setups 600 400 Machine hours 24,000 26,000 Inspections 800 700 Using activity-based costing, the overhead rate for machining pool is: 1) $1,600 2) $150. 3) $72. 4) $138.5. Johnstone Company manufactures two products, Board 12 and Case 165. Johnstone's overhead...
QUESTION 1 Johnstone Company manufactures two products, Board 12 and Case 165. Johnstone's overhead costs consist...
QUESTION 1 Johnstone Company manufactures two products, Board 12 and Case 165. Johnstone's overhead costs consist of setting up machines, $1,200,000, machining $2,700,000; and inspecting, $900,000. Information on the two products is: Board 12 Case 165 Direct labor hours 15,000 25,000 Machine setups 600 400 Machine hours 24,000 26,000 Inspections 800 700 Overhead applied to Case 165 using activity based costing is $1,920,000 $2,304,000 $2,496,000. $3,000,000
QUESTION 1 Johnstone Company manufactures two products, Board 12 and Case 165. Johnstone's overhead costs consist...
QUESTION 1 Johnstone Company manufactures two products, Board 12 and Case 165. Johnstone's overhead costs consist of setting up machines, $1,200,000, machining, $2,700,000; and inspecting, $900,000. Information on the two products is: Board 12 Case 165 Direct labor hours 15,000 25,000 600 400 Machine setups Machine hours 24,000 26,000 Inspections 800 700 Overhead applied to Case 165 using activity based costing is $1,920,000 $2,304,000 $2,496,000. $3,000,000
Dam on 9/21 Question 41 of 42 -/1 View Policies Current Attempt in Progress Zimmerman Company...
Dam on 9/21 Question 41 of 42 -/1 View Policies Current Attempt in Progress Zimmerman Company manufactures two products, Board 12 and Case 165. Zimmerman's overhead costs consist of setting up machines, $2600000; machining. $5400000; and inspecting. $1980000. Information on the two products is: Board 12 15000 Direct labor hours Machine setups Machine hours Inspections 600 24000 Case 165 25000 400 26000 700 800 Overhead applied to Board 12 using activity-based costing is O $4772000. O $5988000. O $3742500. O...
Boswell Company manufactures two products, Regular and Supreme. Boswell’s overhead costs consist of machining, $5000000; and...
Boswell Company manufactures two products, Regular and Supreme.
Boswell’s overhead costs consist of machining, $5000000; and
assembling, $2200000. Information on the two products is:
Regular
Supreme
Direct labor hours
10000
15000
Machine hours
10000
30000
Number of parts
90000
160000
Overhead applied to Regular using traditional costing using direct
labor hours is
$4320000.
$1990000.
$5210000.
$2880000.
Boswell Company manufactures two products, Regular and Supreme. Boswell’s overhead costs consist of machining, $1000000; and...
Boswell Company manufactures two products, Regular and Supreme. Boswell’s overhead costs consist of machining, $1000000; and assembling, $500000. Information on the two products is: Regular Supreme Direct labor hours 10000 15000 Machine hours 10000 30000 Number of parts 90000 160000 Overhead applied to Regular using traditional costing using direct labor hours is (A) $600000. (B) $1210000. (C) $290000. (D) $900000.
Boswell Company manufactures two products, Regular and Supreme. Boswell’s overhead costs consist of machining, $2800000; and...
Boswell Company manufactures two products, Regular and Supreme. Boswell’s overhead costs consist of machining, $2800000; and assembling, $1400000. Information on the two products is: Regular Supreme Direct labor hours 10000 15000 Machine hours 10000 30000 Number of parts 90000 160000 Overhead applied to Regular using activity-based costing is $1680000. $2520000. $1204000. $2996000.
Austin Company manufactuerrs two products, Flacca and Gordo. Overhead costs are comprised of machine set-ups $1,600,000;...
Austin Company manufactuerrs two products, Flacca and Gordo. Overhead costs are comprised of machine set-ups $1,600,000; machining $3,600,000; and inspecting $1,200,000. Recent data are shown below: Flacca Gordo Direct Labor Hours 15,000 25,000 Machine Setups 600 400 Machine Hours 24,000 26,000 Inspections 800 700 Overhead assigned to Flacca using a single overhead rate based on direct labor hours and using ABC, respectively, would be: A. $4,000,000 and $2,400,000 B. $4,000,000 and $3,072,000 C. $2,400,000 and $3,328,000 D. $2,400,000 and $3,072,000...
x Using activity-based costing, overhead is applied using the related cost driver - machine step-ups, machine...
x Using activity-based costing, overhead is applied using the related cost driver - machine step-ups, machine hours, and inspections, for each of the three cost pools. The rate is multiplied by the actual activity for each cost object. Bangor Company manufactures two products, Velveeto and Fondant. Bangor has estimated overhead costs as follows: setting up machines ($160,000), machining ($300,000) and inspecting ($100,000). Information on the two products follows: Velveeto and Fondant Direct labor hours Velveeto 60,000 Fondant 100,000 Machine setups...
View Policies Current Attempt in Progress Boswell Company manufactures two products, Regular and Supreme. Boswell's overhead...
View Policies Current Attempt in Progress Boswell Company manufactures two products, Regular and Supreme. Boswell's overhead costs consist of machining. $4400000; and assembling, $2200000. Information on the two products is: Direct labor hours Machine hours Number of parts Regular Supreme 10000 15000 10000 30000 90000 160000 Overhead applied to Regular using activity-based costing is $4708000 $3960000 $2640000 $1892000 e Textbook and Media
Johnstone Company manufactures two products, Board 12 and Case 165. Johnstone's overhead costs consist of setting up machines, $1,600,000: machining $3,600,000; and inspecting, $1,200,000. Information on the two products is: Board 12 Case 165 Direct labor hours 15,000 25,000 Machine setups 600 400 Machine hours 24,000 26,000 Inspections 800 700 Using activity-based costing, the overhead rate for machining pool is: 1) $1,600 2) $150. 3) $72. 4) $138.5. Johnstone Company manufactures two products, Board 12 and Case 165. Johnstone's overhead...
QUESTION 1 Johnstone Company manufactures two products, Board 12 and Case 165. Johnstone's overhead costs consist of setting up machines, $1,200,000, machining $2,700,000; and inspecting, $900,000. Information on the two products is: Board 12 Case 165 Direct labor hours 15,000 25,000 Machine setups 600 400 Machine hours 24,000 26,000 Inspections 800 700 Overhead applied to Case 165 using activity based costing is $1,920,000 $2,304,000 $2,496,000. $3,000,000
QUESTION 1 Johnstone Company manufactures two products, Board 12 and Case 165. Johnstone's overhead costs consist of setting up machines, $1,200,000, machining, $2,700,000; and inspecting, $900,000. Information on the two products is: Board 12 Case 165 Direct labor hours 15,000 25,000 600 400 Machine setups Machine hours 24,000 26,000 Inspections 800 700 Overhead applied to Case 165 using activity based costing is $1,920,000 $2,304,000 $2,496,000. $3,000,000
Dam on 9/21 Question 41 of 42 -/1 View Policies Current Attempt in Progress Zimmerman Company manufactures two products, Board 12 and Case 165. Zimmerman's overhead costs consist of setting up machines, $2600000; machining. $5400000; and inspecting. $1980000. Information on the two products is: Board 12 15000 Direct labor hours Machine setups Machine hours Inspections 600 24000 Case 165 25000 400 26000 700 800 Overhead applied to Board 12 using activity-based costing is O $4772000. O $5988000. O $3742500. O...
Boswell Company manufactures two products, Regular and Supreme.
Boswell’s overhead costs consist of machining, $5000000; and
assembling, $2200000. Information on the two products is:
Regular
Supreme
Direct labor hours
10000
15000
Machine hours
10000
30000
Number of parts
90000
160000
Overhead applied to Regular using traditional costing using direct
labor hours is
$4320000.
$1990000.
$5210000.
$2880000.
x Using activity-based costing, overhead is applied using the related cost driver - machine step-ups, machine hours, and inspections, for each of the three cost pools. The rate is multiplied by the actual activity for each cost object. Bangor Company manufactures two products, Velveeto and Fondant. Bangor has estimated overhead costs as follows: setting up machines ($160,000), machining ($300,000) and inspecting ($100,000). Information on the two products follows: Velveeto and Fondant Direct labor hours Velveeto 60,000 Fondant 100,000 Machine setups...
View Policies Current Attempt in Progress Boswell Company manufactures two products, Regular and Supreme. Boswell's overhead costs consist of machining. $4400000; and assembling, $2200000. Information on the two products is: Direct labor hours Machine hours Number of parts Regular Supreme 10000 15000 10000 30000 90000 160000 Overhead applied to Regular using activity-based costing is $4708000 $3960000 $2640000 $1892000 e Textbook and Media
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