ACCT 6301 Ch 4 Quiz

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Info in images Choices for Q1 a. $46,154 b. $29,970 c. $11,988   d. $41,958 Choices for Q2 a. Choice D b. Choice A c. Choice B d. Choice C

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ndenccinstructure.com/courses/3788/assignments/35969 Question 19 View Policies -/1 Current Attempt in Progress 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 Fondant Direct labor hours 60,000 100,000 Machine setups 2,400 1,600 Machine hours 96,000 104,000 Inspections 3,200 2,800 Overhead is applied to Fondant using direct labor hours. What is the total amount of overhead charged to this product line using traditional costing? $280,000 O $210,000 $350,000 O $105,000 2:29 PM 10/13/2019 e

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es D ♪ Mc Graw Classes N Netflix Activity Assembly Product design Electricity Setup Total Craftmore Machining reports the following budgeted overhead cost and related data for this year. Budgeted Cost $ 477,750 73,500 24,500 61,250 $ 637,000 Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setups Required 1 25 Required 2 Dashboard Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setups Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. 2. Job 31 used 320 direct labor hours and Job 42 used 560 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. 3. Compute an activity rate for each activity using activity-based costing. 4. Allocate overhead costs to Job 31 and Job 42 using activity-based costing. 80 Job 31 Activity Usage Required 3 320 35 60 5 Complete this question by…

Estimated Estimated Cost Drivers Activity Cost Overhead Street Mountain Pools Costs Tires Tires Machine set ups $  90,000 150 350 Assembling $500,000 25,000 15,000 Inspection $400,000 180 320     Question Based on Schwynn’s actual activity in March, presented below, determine the applied overhead assigned to mountain tires using the activity-based costing approach:     Cost Driver   Activity Cost Pool Mountain Tires Machine set ups    12 Assembling    2,080 Inspection 15

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Data for the past two years for Behavior Corp. are:   20A 20B Units produced 10,000 11,000 Overhead applied per unit P15 P15 Actual overhead:          Fixed 50,000 55,000      Variable 95,000 150,000 Estimated overhead:          Fixed 50,000 56,000      Variable 130,000 142,000 The company determines overhead rates based on estimated units to be produced.   Required: Determine the estimated units of production used to obtain the overhead allocation rates in 20A and 20B. Determine the over- or underapplied factory overhead for each of the two years.

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