Equipment expenseIndirect labor$ 102,000$ 7,500Distribution of Resource Consumption Across Activity Cost Pools:Equipment expenseIndirect laborActivity:Product F6Product X0TotalProcessing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned toproducts using the number of batches. The costs in the Other activity cost pool are not assigned to products.Activity data for the company's two products follow:MHS(Processing)15,0001,26016,260mrst stage allocations follow.Processing0.300.30Activity Coat PoolsSupervising0.500.40Equipment depreciationSupervisory expenseWhat is the overhead cost assigned to Product XO under activity-based costing? (Round your intermediatecalculations to 2 decimal places.)Equipment depreciationSupervisory expenseProduct MOProduct H2TotalBatches(Supervising)6106401,250Distribution of Resource Consumption Across Activity Cost Pools:$ 80,300$ 10,100Activity Cost FoolsMachining Order Filling0.600.60Other0.200.300.300.20MHS (Machining)1,7209,65011,370Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned toproducts using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activitydata for the company's two products follow:Activity:Other0.100.20Orders (OrderFilling)7901,9502,740What is the overhead cost assigned to Product H2 under activity-based costing? (Round your intermediatecalculations to 2 decimal places.)

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Description: Equipment expenseIndirect labor$ 102,000$ 7,500Distribution of Resource Consumption Across Activity Cost Pools:Equipment expenseIndirect laborActivity:Product F6Product X0TotalProcessing costs are assigned to products using machine-hours (MHs) and S

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Equipment expense Indirect labor $ 102,000 $ 7,500 Distribution of Resource Consumption Across Activity Cost Pools: Equipment expense Indirect labor Product F6 Product X0 Total Activity Coat Pools Supervising 0.50 0.40 Processing 0.30 0.30 Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Activity: MHB (Processing) 15,000 1,260 16,260 Batches (Supervising) Other 0.20 0.30 610 640 1,250 What is the overhead cost assigned to Product XO under activity-based costing? (Round your intermediate calculations to 2 decimal places.)

Equipment expense Indirect labor $ 102,000 $ 7,500 Distribution of Resource Consumption Across Activity Cost Pools: Equipment expense Indirect labor Product F6 Product X0 Total Activity Coat Pools Supervising 0.50 0.40 Processing 0.30 0.30 Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Activity: MHB (Processing) 15,000 1,260 16,260 Batches (Supervising) Other 0.20 0.30 610 640 1,250 What is the overhead cost assigned to Product XO under activity-based costing? (Round your intermediate calculations to 2 decimal places.)

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...

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(Appendix 3A) Separating Fixed and Variable Costs, Service Setting Louise McDermott, controller for the Galvin plant of Veromar Inc., wanted to determine the cost behavior of moving materials throughout the plant. She accumulated the following data on the number of moves (from 100 to 800 in increments of 100) and the total cost of moving materials at those levels of moves: Required: 1. Prepare a scattergraph based on these data. Use cost for the vertical axis and number of moves for the horizontal axis. Based on an examination of the scattergraph, does there appear to be a linear relationship between the total cost of moving materials and the number of moves? 2. Compute the cost formula for moving materials by using the high-low method. Calculate the predicted cost for a month with 550 moves by using the high-low formula. (Note: Round the answer for the variable rate to three decimal places and the answer for total fixed cost and total cost to the nearest dollar.) 3. CONCEPTUAL CONNECTION Compute the cost formula for moving materials using the method of least squares. (Note: For the method of least squares, round the variable rate to two decimal places and total fixed cost and total cost to the nearest dollar.) Using the regression cost formula, what is the predicted cost for a month with 550 moves? What does the coefficient of determination tell you about the cost formula computed by regression? 4. CONCEPTUAL CONNECTION Evaluate the cost formula using the least squares coefficients. Could it be improved? Try dropping the third data point (300, 3,400), and rerun the regression.
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