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1 Assign indirect costs to products or services using activity based costing. Note: Use cell A2 from the given information to complete this question. Activity Cost Pool Material Handling Machine Set-Ups Engineering Support Power and Space Total overhead cost Activity Overhead Cost Cost Driver 5,000 $ 300,000 $ 210,000 $ 710,000 Material moves Set-ups Engineering hours 20,000 square feet. Activity Rate per move per set-up 12.50 per hour per square feet Economy Model Activity Requirements by Product Line Deluxe Activity Model Proportion (%) 2,000 300 2,000 Activity Proportion (%) 20% 50% 3,000 900

1 Assign indirect costs to products or services using activity based costing. Note: Use cell A2 from the given information to complete this question. Activity Cost Pool Material Handling Machine Set-Ups Engineering Support Power and Space Total overhead cost Activity Overhead Cost Cost Driver 5,000 $ 300,000 $ 210,000 $ 710,000 Material moves Set-ups Engineering hours 20,000 square feet. Activity Rate per move per set-up 12.50 per hour per square feet Economy Model Activity Requirements by Product Line Deluxe Activity Model Proportion (%) 2,000 300 2,000 Activity Proportion (%) 20% 50% 3,000 900

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Please give answers in excel form. B2-B1 etc.
17 Use formulas to assign overhead to each product using both activity rates and activity proportions (%). 18 19 Create if/then statements to verify that the two methods produce the same results. 20 Note: Use cell A2 from the given information to complete this question. 21 22 23 Activity Cost Pool 24 Material Handling 25 Machine Set-Ups 26 Engineering Support 27 Power and Space 28 Total Overhead Cost 29 30 31 4 A Graded Worl Overhead Assigned Using Activity Rates Economy Deluxe Total 3... + Overhead Assigned Using Activity Proportions (%) Deluxe Economy Total Verification: Create if/then statements to determine if the two methods produce identical results by indicating "pass" or "fail" Economy Deluxe pass pass pass pass pass pass pass pass pass pass Total pass pass pass pass pass
Transcribed Image Text:17 Use formulas to assign overhead to each product using both activity rates and activity proportions (%). 18 19 Create if/then statements to verify that the two methods produce the same results. 20 Note: Use cell A2 from the given information to complete this question. 21 22 23 Activity Cost Pool 24 Material Handling 25 Machine Set-Ups 26 Engineering Support 27 Power and Space 28 Total Overhead Cost 29 30 31 4 A Graded Worl Overhead Assigned Using Activity Rates Economy Deluxe Total 3... + Overhead Assigned Using Activity Proportions (%) Deluxe Economy Total Verification: Create if/then statements to determine if the two methods produce identical results by indicating "pass" or "fail" Economy Deluxe pass pass pass pass pass pass pass pass pass pass Total pass pass pass pass pass
1 Sundial Company has assigned $710,000 in total overhead cost to four different activity cost pools. The activity requirements for its two 2 products lines, Economy and Deluxe, are shown below. 3 Input formulas to solve for the various unknowns in the table below. The formulas may vary for each cost pool depending on what items 4 are known and unknown. + 5 6 1 6789 Note: Use cell A2 from the given information to complete this question. 10 Activity Cost Pool 11 Material Handling 12 Machine Set-Ups 13 Engineering Support 14 Power and Space 15 Total overhead cost +/ Assign indirect costs to products or services using activity based costing. 4 Activity Overhead Cost Cost Driver 5,000 $ 300,000 $ 210,000 $ 710,000 Activity Rate Material moves per move per set-up Set-ups Engineering hours $12.50 per hour 20,000 square feet. per square feet Economy Model Activity Requirements by Product Line Activity Deluxe Proportion (%) Model 3,000 900 2,000 300 2,000 20% 50% Activity Proportion (%)
Transcribed Image Text:1 Sundial Company has assigned $710,000 in total overhead cost to four different activity cost pools. The activity requirements for its two 2 products lines, Economy and Deluxe, are shown below. 3 Input formulas to solve for the various unknowns in the table below. The formulas may vary for each cost pool depending on what items 4 are known and unknown. + 5 6 1 6789 Note: Use cell A2 from the given information to complete this question. 10 Activity Cost Pool 11 Material Handling 12 Machine Set-Ups 13 Engineering Support 14 Power and Space 15 Total overhead cost +/ Assign indirect costs to products or services using activity based costing. 4 Activity Overhead Cost Cost Driver 5,000 $ 300,000 $ 210,000 $ 710,000 Activity Rate Material moves per move per set-up Set-ups Engineering hours $12.50 per hour 20,000 square feet. per square feet Economy Model Activity Requirements by Product Line Activity Deluxe Proportion (%) Model 3,000 900 2,000 300 2,000 20% 50% Activity Proportion (%)
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