Departmental rates 3

Compute the final amount of estimated overhead of Service E after reciprocal transfer costs have been calculated algebraically. After computing the total factory overhead of each producing department and what amount of Department E cost is assigned to Marketing Department?

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Saved Help Sav CH 07 i Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system cont following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Activity Rates $6 per direct labor-hour $ 4 per machine-hour $ 50 per setup $ 90 per order $ 14 per shipment $ 840 per product Production orders Shipments Product sustaining Activity data have been supplied for the following two products: Total Expected Activity K425 M67 Number of units produced per year Direct labor-hours 200 2,000 80 500 Machine-hours Machine setups Production orders 100 1,500 1 4 4 Shipments Product sustaining 1 10 1 Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system? DELL F3 prt sc home end F4 F5 F6

An allocation base: a. can be units of output if the company has a single product O b. is determined before the period begins. O c. All the given answers are correct. O d. can be direct labor cost e. is a measure used to assign manufacturing overhead costs to products and services PAGE NEXT PAGE IZ TWO Jump CQURSE OUTLINE_SPRING2021 ► tv MacBook Air

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1. Determine the total estimated overhead cost for each of the producing departments after allocating the cost of the service department. A. Using employee headcount as the allocation base. B. Using occupied space as the allocation base. C. Using productive capacity as the allocation base. D. Using the 3-year average use as the allocation base.

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Question No.6 Hunter Company manufactures two products (XX and YY). The overhead costs have been divided into four cost pools that use the following activity drivers.     Product Number of Orders Number of Set-ups Number of Labor Transactions Labor Hours XX YY Cost per pool 60 20 Rs.16,000 20 80 Rs.13,000 50 70 Rs.2,400 2,000 500 Rs.20,000   Required: Compute the allocation rates for each of the activity drivers listed. Allocate the overhead costs to product XX and product YY using activity-based costing. Compute the overhead rate using machine hours under the functional-based costing system. Allocate the overhead cost to Product XX and YY using the functional-based costing system overhead rate calculated in part C.

E4-14 Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. $300,000 Direct materials costs Direct labor costs 150,000 Setup time 500,000 Supervision $ 30,000 100,000 Commercial Operating income (loss) $480,000 Overhead costs Revenues $85,000 85,000 Estimated Overhead 90,000 60,000 $85,000 The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window coverings are less complex for residential customers. In addition, the residential client base resides in close proximity to the company office, so travel costs are not as expensive on a per client visit for residential customers. As a result, she has decided to take a closer look at the overhead costs assigned to the two product lines to determine whether a more accurate product…

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2 Applying Assignment ← Jackson Foundry uses a predetermined overhead allocation rate to allocate overhead to individual jobs, based View the costs. Read the requirements. Requirement 1. Compute Jackson Factory's predetermined overhead allocation rate. Predetermined overhea allocation rate per machine H Requirement 2. Prepare the journal entry to allocate manufacturing overhead. (Record debits first, then credit Accounts and Explanation pages $ Estimated overhead cost 880,000 Question 2, EM2-24 (similar to) Part 2 of 6 Date Dec. 31 Get more help. Estimated machine hours 80,000 $ 11 Debit Credit Costs At the beginning of 2025, the company expected to incur the following: $880,000 Manufacturing overhead costs Direct labor costs 1,440,000 Machine hours 80,000 hours At the end of 2025, the company had actually incurred: Direct labor costs Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries Delivery drivers' wages Plant janitor's wages Machine hours…

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Question No.4 Ivory Corporation manufactures two products (A and B). The overhead costs have been divided into four cost pools that use the following activity drivers:   Product Number of Orders Number of Set-ups Number of Labor Transactions Labor Hours A B Cost per pool 20 5 Rs.15,000 35 70 Rs.8,400 1,000 1,500 Rs.120,000 75 125 Rs.40,000   Required: Compute the allocation rates for each of the activity drivers listed. Allocate the overhead cost to Product A and B using activity-based-costing. Compute the overhead rate using machine hours under the functional based costing system. Allocate the overhead cost to Product A and B using the functional-based costing system overhead rate calculated in part C.

:Activity-based costing .uses cost pool that collects costs related to the same activity .a O .provides the same results as the departmental overhead costing .b O .uses departments overhead rate to assign overhead .c O .typically applies overhead costs using direct labor-hours .d O .None of the given answer .e O

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Overhead costs are assigned to each product based on ________. Group of answer choices A. the proportion of that product’s use of the cost driver B. a predetermined overhead rate for a single cost driver C. price of the product D. machine hours per product

Exercise 17-11 (Algo) Computing product cost per unit using plantwide method and activity-based costing LO P1, P3 Consider the following data for two products of Vigano Manufacturing. Activity Budgeted Cost Activity Driver (20 machine setups) 11,200 (16,000 parts) (100 inspections) Machine setup $ 14,000 Parts handling Quality inspections 16,800 Total budgeted overhead $ 42,000 Unit Information Units produced Direct materials cost Product A Product B 1,400 units 280 units $ 24 per unit $ 34 per unit Direct labor cost Direct labor hours $ 44 per unit $ 54 per unit 2 per unit 2.50 per unit 1. Using a plantwide overhead rate based on 3,500 direct labor hours, compute the total product cost per unit for each product. 2. Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and…

Title Brahtz Company uses an activity-based costing system. It has the following manufacturing activity ar Description Brahtz Company uses an activity-based costing system. It has the following manufacturing activity areas, related cost drivers and cost allocation rates:ActivityCost DriverCost Allocation RateMachine setupNumber of setups$25.00Materials handlingNumber of parts0.25MachiningMachine hours13.00AssemblyDirect labor hours22.00InspectionNumber of finished units7.00During the month, 100 units were produced, with no defects, requiring three setups. Each unit consisted of 17 parts, 3 direct labor hours and 2.5 machine hours. Direct materials cost $50 per finished unit.What is the total manufacturing cost for inspections?$-0-$700$90$7

C15Q5   Need help  Using the​ step-down method, allocate​ support-department costs. Develop overhead rates per direct manufacturing​ labor-hour for machining and assembly. Allocate the costs of the support departments in the order given in this problem. Use the allocation base for each support department you think is most appropriate. 2. Using the direct​ method, rework requirement 1. 3. Based on the following information about two​ jobs, determine the total overhead costs for each job by using rates developed in​ (a) requirement 1 and​ (b) requirement 2.     Direct Manufacturing Labor–Hours   Machining Assembly Job 88 23 2 Job 89 5 22 4. The company evaluates the performance of the operating department managers on the basis of how well they managed their total​ costs, including allocated costs. As the manager of the Machining​ Department, which allocation method would you prefer from the results obtained in requirements…

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Question Content Area Miller Safety Equipment uses multiple production department rates to apply overhead to products. The company will allocate support department costs to production departments based on the amount of support activity a. used by the entire production facility b. used by the department in the prior month c. budgeted by the department d. used by the department

Which types of overhead allocation methods result in the use of more than one overhead rate during the same time period? Select one: O a. Departmental overhead rate method and activity-based costing. O b. Plantwide overhead rate method and departmental overhead rate method. O c. Departmental overhead rate method and cost pool overhead rate method. O d. Activity-based costing and plantwide overhead rate method. O e. Cost pool overhead rate method and plantwide overhead rate method.