Ex_7-41

Manufacturing Overhead Distribution Worksheet The following are selected operating data for the production and service departments of Bluestone Compa Departments Service Production Overhead costs (identified by department) $50.000 $1.032.000 $65,168 $2478.000 4.000 Indirect material S96.800 S164A00 Indirect labor $194400 $2.000 24.000 Square feet of building floor space used Assessed value of equipment used 9.600 14.400 $252.000 5420.000 264000 $.00 $126 000 176.000 Cubic yards of factory space used 400.600 102.400 Machine hours $40.000 s00.000 Direct labor O is allocated on the basis of square feet of floor space. Personal property taxes of $72,000 are allocated on the sbution worksheet for Bluestone Company similar to the one prepared for Exhibit 3-1s when appropriate Under the Allocation Basis column, select the basis used to calculate each alocation

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PROBLEM I ABC Company's total overhead costs at various levels of activity are presented below: March April May June. Machine Hours Total Overhead Costs $216,800 $194,000 $239,600 $262,400 60,000 50,000 70,000 80,000 Assume that the overhead costs above consist of utilities, supervisory salaries, and maintenance. At the 50,000 machine-hour level of activity these costs are: Utilities (V). Supervisory salaries (F). Maintenance (M).. Total overhead cost V = Variable; F = Fixed; M = Mixed The company wants to break down the maintenance cost into its basic variable and fixed cost elements. Required: $ 54,000 62,000 78.000 $194.000 a. Estimate the maintenance cost for June. b. Use the high-low method to estimate the cost formula for maintenance cost. c. Estimate the total overhead cost at an activity level of 55,000 machine hours.

EstimatedFixedCost   EstimatedVariableCost(perunitsold) Production costs:             Direct materials     $19       Direct labor     13       Factory overhead $261,300     10     Selling expenses:             Sales salaries and commissions 54,300     4       Advertising 18,400             Travel 4,100             Miscellaneous selling expense 4,500     4     Administrative expenses:             Office and officers' salaries 53,100             Supplies 6,500     2       Miscellaneous administrative expense 6,040     2       Total $408,240     $54     It is expected that 8,640 units will be sold at a price of $135 a unit. Maximum sales within the relevant range are 11,000 units. Required: Question Content Area 1.   Prepare an estimated income statement for 20Y7. Belmain Co.Estimated Income StatementFor the Year Ended December 31, 20Y7       $- Select - Cost of goods sold:           $- Select -       - Select -       - Select -…

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Direct labor cost Factory overhead Direct labor hours Machine hours Dept. A $ 69,000 $115,920 Dept. B $49,000 $54,855 6,900 2,900 9,900 15,900 of the year, the company made the following What predetermined overhead rate would be used in Department A and Department B, respectively? Multiple Choice 168% and 345%. 168% and $3.45. ) $1.68 and 345%. $1.68 and $3.45.

Direct labor 17 per unit 11 per unit 24 Direct materials $4 Overhead Total variable overhead Total fixed overhead Expected units to be produced $ 30,000 $100, 000 50,e00 units Product cost per unit under absorption costing

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First-stage allocation of overhead costs to the activity cost pools: Overhead costs Installing floors Job Support Other Total Production overhead 76,000 76,000 38,000 190,000 (190000*40%) (190000*40%) (190000*20%) Office expense 14,000 (140000*10%) 84,000 (140000*60%) 42,000 140,000 (140000*30%) Total 90,000 160,000 80,000 330,000 Determination of Activity rates: Overhead costs Installing floors Job support Total activity Activity rate Overhead $ (A) (B) (A/B) 90,000 200 450 Per square 160,000 160 1,000 Per Job Determination of Overhead costs based on activity rates for Job of 3.4 squares: Overhead costs Installing floors Job support Activity Overhead Activity rate (A) consumed by allocated (A*B) Job (B) 450 3.40 1,530 1,000 1.00 1,000 Total overhead cost 2,530

1 Manufacturing Overhead Distribution Worksheet The following are selected operating data for 2 the production and service departments of Bluestone Company for 2019 3 Departments Service Production 4 1 2 1 2 6 Overhead costs (identified by department) $ 48,400 82,200 25,440 516,000 32,584 $1,439,000 Indirect materials 7 $97,200 $144,000 Indirect labor 8 7,200 9 Square feet of building floor space used 10 Assessed value of equipment used 11 Cubic yards of factory space used 4,800 24,000 12,000 $ 21,000 63,000 126,000 210,000 88,000 132,000 12

Estimated manufacturing overhead Estimated direct labor cost Actual manufacturing overhead Actual direct labor cost $500,000 $250,000 $720,000 $300,000 Based on this information, the predetermined overhead rate per direct labor dollar is

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Unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 Fixed administrative expense $ 2.50 Sales commissions $ 1.00 Variable administrative expense $ 0.50 Required: 1. Assume the cost object is units of production: a. What is the total direct manufacturing cost incurred to make 20,000 units? b. What is the total indirect manufacturing cost incurred to make 20,000 units? 2. Assume the cost object is the Manufacturing Department and its total output is 20,000 units. a. How much total manufacturing cost is directly traceable to the Manufacturing Department? b. How much total manufacturing cost is an indirect cost that cannot be easily traced to the Manufacturing Department? 3. Assume the cost object is the company's various sales representatives. Furthermore, assume the company spent $50,000 of its total fixed selling expense on advertising and the remainder of the total fixed selling expense…

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Activity Cost Pool Activity Measure Estimated Overhead Cost Machining 24 378,000 Machine-hours HR Supporting direct labour %24 Direct labor-hours 238,800 Machine setups 24 Number of setups 93,100 Number of product lines Product-sustaining $4 90,000 Total %24 799,900 The expected activity for the year was distributed among the company's two product lines as follows: Activity Measure Product A Product B Machine-hours 7900 6100 Direct labor-hours 7900 4100 Number of setups 40 150 Number of product lines 1 1 Required: 1. Based on the data of four cost pools and activity measures, compute the activity rate for each activity cost pool: a. What is the activity rate for the Machining activity cost pool? Round to nearest dollar Activity rate: $ per machine-hour b. What is the activity rate for the Supporting Direct Labour activity cost pool? Round to nearest dollar Activity rate: $ per direct labour-hour

activity car pool est. overhead cost expected activity A B total #1 $29,200 1000 500 1500 #2 $40,000 200 800 1000 #3 $180,000 600 5400  6000 Chibucos Company has two products: A and B. The annual production and sales level of Product A is 9,094 units. The annual production and sales level of Product B is 15,826. The company uses activity-based costing and has prepared the following analysis showing the estimated total cost and expected activity for each of its three activity cost pools. The overhead cost per unit of Product A under activity-based costing is closest to: options: 1. $1.83 2. $1.98 3. $5.00 4. $10.00

QUESTION 6 Your company currently produces a range of three products, D, E and F to which the following details relate for Period 2. Production (units) Material cost per unit Labour hours per unit Machine hours per unit D 1,500 RM 18 Set-up costs Handling costs Machining costs Inspection costs 1 3 Labour costs are RM 8 per hour and production overheads are currently absorbed in the conventional system by reference to machine hours. Total production overheads for Period 2 have been analysed as follows: RM 327,250 187,000 140,250 280,500 935,000 E 2,500 RM 10 3 2 D 90 16 180 F 14,000 RM 20 2 6 (a) Calculate the cost per unit for each product using conventional methods. The introduction of an ABC is being considered and to that end the following volume of activities have been identified with the current output levels. E 138 28 216 F 576 116 804 Number of set-ups Number of material issues Number of inspections (b) Calculate the cost per unit for each product using the ABC approach. (c)…

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Total Manufacturing Overhead Prime Conversion Cost Direct Materials Direct Labor Manufacturing Cost Case Cost A $ 2,120 $ 1,130 $ 3,670 6,990 11,660 2,100 6,770 8,020 1,420 3,090 9,440 1,980 3,010 5,930 E 11,610 20,630 3,470

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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