(14t)Auburn, Inc.‘s overhead costs of $700000 consist of machining $400000; inspecting $200000; and packaging $100000. Machining works 4000 hours a year, 500 inspections occur each year, and 1000 packing order occur each year. Information on the company’s two products are as follows: Alpha OmegaMachining hours 1000 3000 Inspections 100 400 Packing orders 350 650 Direct labor hours 1700 1800 How much overhead is allocated to Alpha using a single overhead rate (based on direct labor hours) and assuming ABC, respectively?$340000 and $360000$340000 and $175000$360000 and $175000$360000 and $525000

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Answered: 14t) Auburn, Inc.‘s overhead costs of…

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 28EQ

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^(14t)

Auburn, Inc.‘s overhead costs of $700000 consist of machining $400000; inspecting $200000; and packaging $100000. Machining works 4000 hours a year, 500 inspections occur each year, and 1000 packing order occur each year. Information on the company’s two products are as follows:

	Alpha	Omega
Machining hours	1000	3000
Inspections	100	400
Packing orders	350	650
Direct labor hours	1700	1800

How much overhead is allocated to Alpha using a single overhead rate (based on direct labor hours) and assuming ABC, respectively?

$340000 and $360000

$340000 and $175000

$360000 and $175000

$360000 and $525000

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