Hansen_4e_Ex04-22 example worked

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-/1 Question 12 View Policies Current Attempt in Progress Thomsen Computer Company produces three products: Earth, Wind, and Fire. Earth requires 80 machine setups, Wind requires 60 setups, and Fire requires 180 setups. Thomsen has identified an activity cost pool with allocated overhead of $1500000 for which the cost driver is machine setups. How much overhead is assigned to each product? Fire Wind Earth $843750 $281250 $375000 $234375 $703125 $312500 $500000 $500000 $500000 $281250 $500000 $718750

stion 2: Allocating costs using ABC have an ABC system with three pools pol 1 pol 2 pol 3 total cost in the pool $80,000 $60,000 $40,000 $ bol 1 per DL$ bol 2 per setup pol 3 per hour total allocated costs for each product product A 4,000 DL$ pute the activity rates and the allocated costs for products A and B. activity rate allocated costs for product A $ 20 setups 50 hours $ $ $ +A number of cost driver units product B 6,000 DL$ 30 setups 150 hours $ allocated costs for product B $ LA $ $ tA total 10,000 DL$ 50 setups 200 hours $

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ngageNOWv2 | Online teachin X + om/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... € Compute conversion costs given the following data: direct materials, $363,600; direct labor, $192,400; factory overhead, $204,500 and selling expenses, $35,600. Oa. $396,900 Ob. $568.100 Oc. $168,900 Od. $760,500 8 5/2

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I need help with last three requirement I need help with last three requirement I need help with last three requirement     please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)

Info in images Answer choices for Q1 a. $46,154 b. $29,970 c. $11,988 d. $41,958

Task 2: CLO4 OBJECTIVE: To enable learners to identify the relevant costs and benefits from costs and revenue information available in the financial database to aid decision making on time. REQUIREMENT: Short term decision making Question Selma Corporation uses Part PB7 in one of its products. The company's Accounting Department reports the following costs to produce 7,000 units of the PB7 that are needed every year. $ per unit Direct materials 7.00 Direct labour 6.00 Variable overhead 5.60 Supervisor's salary Depreciation of special equipment Allocated general overhead 4.70 1.50 5.40 An outside supplier has offered to make the part and sell it to the company for $28.30 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company. If…

Activity Cost Pool Cost Driver EstimatedOverhead Use perProduct A Use perProduct B Machine Setups Setups $144,000 6,000 2,000 Assembly Number of Parts 71,000 25,000 46,000 Machine Maintenance Machine Hours 200,000 13,000 37,000 Compare the overhead allocation using (A) the traditional allocation method and (B) the activity-based costing method. (Hint: the traditional method uses machine hours as the allocation base.) For those boxes in which you must enter subtractive or negative numbers use a minus sign.

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Assignment 7.1: Session 7 Comprehensive Problem (Chapter 9) Instructions This section has a nine-part comprehensive problem with multiple questions to address. Download the Chapter 9 Comprehensive Problem Template below to complete all parts. You will need your Bergevin and MacQueen book for reference. Redlands Inc. reported standard and actual costs for the product that it manufactures: Item Standard Actual Direct material price $3 per lb. $2 per lb. Direct materials quantity 2 lbs. 4 lbs. Direct labor price $5 $7 Direct labor quantity 3 hours 2 hours Factory overhead cost $2 per machine hour ---- Machine hours per unit 2 machine hours 3 machine hours Number of finished products made 10 12 Number of finished products sold 10 11 Sales per unit $40 $40 * Redlands used machine hours to apply factory overhead costs. The company incurred $90 actual total factory overhead costs to make the 12 products. Based on the information above, complete the following: 1.…

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Assignment 7.1: Session 7 Comprehensive Problem (Chapter 9) This section has a nine-part comprehensive problem with multiple questions to address. Download the Chapter 9 Comprehensive Problem Template below to complete all parts. You will need your Bergevin and MacQueen book for reference. Redlands Inc. reported standard and actual costs for the product that it manufactures: Item Standard Actual Direct material price $3 per lb. $2 per lb. Direct materials quantity 2 lbs. 4 lbs. Direct labor price $5 $7 Direct labor quantity 3 hours 2 hours Factory overhead cost $2 per machine hour ---- Machine hours per unit 2 machine hours 3 machine hours Number of finished products made 10 12 Number of finished products sold 10 11 Sales per unit $40 $40 * Redlands used machine hours to apply factory overhead costs. The company incurred $90 actual total factory overhead costs to make the 12 products. 1. Standard product cost Item Price Quantity Total Direct materials…

Question 4: A plant manager considers the operational cost per hour of five machine alternatives. The cost per hour is sensitive to three potential weather conditions: cold, mild, and warm. The following table represents the operations cost per hour for each alternative-state of nature combination: States of Nature Weather-related cost per hour Mild cost/day Alternatives Cold cost/day $42 $45 $40 $60 Warm Machine 1 Machine 2 Machine 3 Machine 4 Machine 5 $40 $42 $35 $30 cost/day $45 $47 $54 $48 $45 $40 $45 Using the optimistic criterion, which alternative is best?

B NOWv2 | Online teachir X + ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... Ⓒ Thomlin Company forecasts that total factory overhead for the current year will be $17,280,000 with 180,000 total machine hours. Year to date, the actual overhead is $8,220,000, and the actual machine hours are 82,200 hours. If Thomlin Company uses a predetermined factory overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is a. $328,800 underapplied Ob. $391,200 overapplied Oc. $328,800 overapplied Od. $391,200 underapplied 8:15 A 5/2/202 H U a 1 C

Chapter 12: Applying Excel: Exercise (Part 2 of 2) (Algo) 2. The company is considering a project involving the purchase of new equipment. Change the data area of your worksheet to match the following: Use Exhibit 128-1 and Exhibit 128-2. (Use appropriate factor(s) from the tables provided.) A B. Chapter 12: Applying Excel 2 Data 4 Example E Cost of equipment needed 430,000 45,000 35,000 20,000 6. Working capital needed Overhaul of equipment in four years 8. Salvage value of the equipment in five years $4 9. Annual revenues and costs: 435,000 10 Sales revenues 11 Cost of goods sold 245,000 Out-of-pocket operating costs %24 50,000 12 13 Discount rate 17 %

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Question 3 of 7 Cost Pool Product assembly Machine setup and calibration Product inspection Raw materials storage Overhead rate ype here to search Expected Cost $ 595,000 336.600 IT 64,860 56,000 (a) Calculate the company's traditional overhead rate based on machine hours. $ 1,052,460 Expected Activities 42,500 machine hours 5,100 setups 1,410 batches 280,000 pounds /MH Address

Assignment 7.1: Session 7 Comprehensive Problem (Chapter 9) Instructions This section has a nine-part comprehensive problem with multiple questions to address. Download the Chapter 9 Comprehensive Problem Template below to complete all parts. You will need your Bergevin and MacQueen book for reference. Item Standard Actual Direct material price $3 per lb. $2 per lb. Direct materials quantity 2 lbs. 4 lbs. Direct labor price $5 $7 Direct labor quantity 3 hours 2 hours Factory overhead cost $2 per machine hour ---- Machine hours per unit 2 machine hours 3 machine hours Number of finished products made 10 12 Number of finished products sold 10 11 Sales per unit $40 $40 Redlands Inc. reported standard and actual costs for the product that it manufactures: Based on the information above, complete the following: 1. Standard product cost (This section was completed) 2. Forecast income statement through gross profit(This section was completed) 3. Direct Materials…

Assignment 7.1: Session 7 Comprehensive Problem (Chapter 9) Instructions This section has a nine-part comprehensive problem with multiple questions to address. Download the Chapter 9 Comprehensive Problem Template below to complete all parts. You will need your Bergevin and MacQueen book for reference. Item Standard Actual Direct material price $3 per lb. $2 per lb. Direct materials quantity 2 lbs. 4 lbs. Direct labor price $5 $7 Direct labor quantity 3 hours 2 hours Factory overhead cost $2 per machine hour ---- Machine hours per unit 2 machine hours 3 machine hours Number of finished products made 10 12 Number of finished products sold 10 11 Sales per unit $40 $40 Redlands Inc. reported standard and actual costs for the product that it manufactures: Based on the information above, complete the following: 1. Standard product cost (This section was completed) 2. Forecast income statement through gross profit(This section was completed) 3. Direct Materials…

Question 7 of 7 Activity Cost Pool Loading and unloading Travel Logistics (a) Activity Cost Pool Loading and unloading Travel Cost Drivers Logistics Number of pieces Miles driven Hours Compute the activity-based overhead rates for each pool. (Round answers to 2 decimal places, e.g. 12.75.) Activity-Based Overhead Rate $ Estimated Overhead $95,655 453,750 86,240 $ Estimated Use of Cost Driver per Activity per piece per mile 91,100 605,000 3,080 per hour

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MI * 00 關 %24 因 %24 %24 44 %#3 SI Homework Exercise 11-31 (Algo) Cost Allocation: Step Method (LO 11-3) University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developing). Management has decided to allocate maintenance costs on the basis of machine-hours in each department and personnel costs on the basis of labor-hours worked by the employees in each. eBook The following data appear in the company records for the current period: Print Maintenance Printing Developing 4,200 3,100 $11,700 Personnel Machine-hours 1,400 References Labor-hours 006 $14,500 006 Department direct costs $12,800 008 Required: Allocate the service department costs using the step method, starting with the Maintenance Department (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations.) Maintenance Personnel Developing Service department costs 24 (2,800) 12,800 Maintenance 099 (13,360) Personnel Total costs…

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A ezto.mheducation.com tte.edu S Module 2- Video Lecture: Fundamentals. Assignments: 202180-Fall 2021-ACCT-2 M Question 1- Chapter 2 Lab Day - Connect 2 Lab Day i Saved Hel Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Cutting 6,700 64,300 $ 390,000 $ 3.00 Finishing 61,000 3,000 $ 514,000 $ 4.75 Required: 1. Compute the predetermined overhead rate for each department. 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Cutting Finishing Direct labor-hours Machine-hours Direct materials Direct labor cost 3 82 ces 16 $ 760 $ 69 4 $ 390 $ 368 Using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. 3. Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company…

1 2 3 4 5 6 7 8   Chapter 3: Applying Excel           Data     Allocation base Machine-hours   Estimated manufacturing overhead cost $416,000   Estimated total amount of the allocation base 64,000 machine-hours Actual manufacturing overhead cost $403,800   Actual total amount of the allocation base 69,000 machine-hours     If your formulas are correct, you should get the correct answers to the following questions.   (a) What is the Predetermined overhead rate? (Round your answer to 2 decimal places.)     (b) By how much is the manufacturing overhead underapplied or overapplied?           Change the estimated total amount of the allocation base to 65,000 machine-hours, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this: 1 2 3 4 5 6 7 8   Chapter 3: Applying Excel           Data     Allocation base Machine-hours   Estimated manufacturing overhead cost $416,000   Estimated total…

CengageNOWv2 | Online teachin x + A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession. E * Ch 20.2 Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Ivy Cosmetics Company are $1.75 and $1.85, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 2,800 Started and completed during the period 46,000 46,000 Transferred out of Filling (completed) 46,000 48,800 Inventory in process, end of period 3,000 1,500 Total units to be assigned costs 49,000 50,300 The beginning work in process inventory had a cost of $1,570. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar. Completed and transferred out of production Inventory in process, ending 8,025 Feedback V…

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