116pointseBookQS 17-13 (Algo) Computing activity rate and allocating cost LO P3Chen Company uses activity-based costing. It budgets $1,302,000 of overhead cost to sustainably dispose of 3,100 tons of hazardouswaste.a. Compute the activity rate for hazardous waste disposal based on tons of hazardous waste.b. The company disposed of 9 tons of hazardous waste in completing Job 125. Allocate overhead cost to hazardous waste disposal aspart of Job 125 using activity-based costing.Complete this question by entering your answers in the tabs below.PrintReferencesRequired ARequired BThe company disposed of 9 tons of hazardous waste in completing Job 125. Allocate overhead cost to hazardous wastedisposal as part of Job 125 using activity-based costing.ActivityHazardous waste disposalActivity Usagetons< Required AActivity RateAllocated CostRequired B<R

Let's examine each stage in greater detail: a. Calculating the hazardous waste disposal activity…

Answered: 1 16 points eBook QS 17-13 (Algo)…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Exercise 17-17 (Algo) Using activity-based costing to allocate overhead, compute product cost and gross profit LO P3 Ice Cool produces two different models of air conditioners. The activities, costs, and cost drivers associated with the production processes follow. Process Assembly Inspections Purchase orders. Finishing Support Additional production information concerning its two models follows. Units and Activities Units produced Machine hours Setups Activity Machining Setups Inspecting Purchasing Per Unit Selling price per unit Direct materials cost per unit Direct labor cost per unit Required 1 Budgeted Cost $ 311,000 22,000 $ 333,000 $ 232,000 $ 134,000 Activity Model X 2,000 2,200 Machining Setups Inspecting Purchasing 20 520 360 Required 2 Model Z 4,000 5,000 Model X $ 415 155 140 40 300 180 Required 3 Activity Cost Driver Machine hours (MH) Setups 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead…
Exercise 4-5 (Static) Assigning Overhead to Products in ABC [LO4-2, LO4-3] Sultan Company uses an activity-based costing system. At the beginning of the year, the company made the following estimates of cost and activity for its five activity cost pools: Activity Cost Pool Activity Measure Expected Overhead Cost Expected Activity Labor-related Direct labor-hours $ 156,000 26,000 DLHs Purchase orders Number of orders $ 11,000 220 orders Parts management Number of part types $ 80,000 100 part types Board etching Number of boards $ 90,000 2,000 boards General factory Machine-hours $ 180,000 20,000 MHs Required: 1. Compute the activity rate for each of the activity cost pools. 2. The expected activity for the year was distributed among the company’s four products as follows: Activity Cost Pool Expected Activity Product A Product B Product C Product D Labor-related (DLHs) 6,000 11,000 4,000 5,000 Purchase orders (orders) 60 30 40 90 Parts management (part…
TB Problem Qu. 4-122 (Algo) Hutchcroft Corporation uses the weighted-average... Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June. Cost per equivalent unit Equivalent units in ending work in process Materials $ 28.80 1,080 Conversion $ 31.60 450 During the month, 7,100 units were completed and transferred from the Assembly Department to the next department. Required: Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted-average method. Note: Round your answers to 2 decimal places. Cost of ending work in process inventory Cost of units completed and transferred out Materials Conversion
job #309 incurrerrd $900 of direct material, 30 hours of direct labor at $40 per hour, 80 machine hours and 5 inspctions
Exercise 17-15 (Algo) Computing activity rates, overhead allocation, and cost per unit LO P3 Lucern Company reports the following for its overhead cost for the year. Activity Budgeted Cost Budgeted Activity Usage Engineering support $ 34,300 70 design changes Electricity 35,400 3,540 machine hours Setup 58,800 490 setups 1. Compute the activity rate for each activity using activity-based costing.2. The company’s Pro model used these activities to produce 1,200 units during the year: 2 design changes, 130 machine hours, and 10 setups. Allocate overhead cost to the Pro model and compute its overhead cost per unit using activity-based costing.
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Exercise 17-14 (Algo) Allocating overhead cost to jobs using activity-based costing LO P3 Pro-Craft Company computed the following activity rates to allocate overhead cost for the year. Activity Activity Rate Materials handling $ 54 per materials requisition Quality inspection $ 44 per inspection Utilities $ 5 per machine hour During January, the company produced the following two jobs. Allocate overhead cost to each job using the activity rates. Activity Cost Driver Activity Usage Job A Job B Materials requisitions 5 3 Inspections 8 4 Machine hours 320 220
Please do not give solution in image format thanku
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shj.3 answer must be in proper format or i will give down vote

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