1. Flash Company budgeted $570,000 manufacturing direct wages, 3,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Budgeted Overhead Cost Budgeted Level for Cost Driver Overhead Cost Driver Materials handling $ 188,000 4,700 pounds Weight of materials Machine setup 21,600 540 setups Number of setups Machine repair 1,260 31,500 machine hours Machine hours Inspections 12,400 310 inspections Number of inspections Requirements for Job number 971 which manufactured 4 units of product: Direct labor 25 hours Direct materials 200 pounds Machine setup 30 setups Machine hours 16,500 machine hours Inspections 20 inspections Using activity-based costing, the materials handling overhead cost assigned to Job number 971 is: 2. Flash Company budgeted $566,000 manufacturing direct wages, 3,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Budgeted Overhead Cost Budgeted Level for Cost Driver Overhead Cost Driver Materials handling $ 172,000 4,300 pounds Weight of materials Machine setup 20,000 500 setups Number of setups Machine repair 1,860 31,000 machine hours Machine hours Inspections 16,200 270 inspections Number of inspections Requirements for Job number 971 which manufactured 4 units of product: Direct labor 25 hours Direct materials 240 pounds Machine setup 40 setups Machine hours 16,100 machine hours Inspections 20 inspections Using Activity-Based Costing, overhead cost assigned to Job number 971 for machine setup is:

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 24E: Baxter Company has two processing departments: Assembly and Finishing. A predetermined overhead rate...

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1. Flash Company budgeted $570,000 manufacturing direct wages, 3,000 direct labor hours, and had the following manufacturing overhead:

Overhead Cost Pool	Budgeted Overhead Cost	Budgeted Level for Cost Driver	Overhead Cost Driver
Materials handling	$ 188,000	4,700	pounds	Weight of materials
Machine setup	21,600	540	setups	Number of setups
Machine repair	1,260	31,500	machine hours	Machine hours
Inspections	12,400	310	inspections	Number of inspections

Requirements for Job number 971 which manufactured 4 units of product:

Using activity-based costing, the materials handling overhead cost assigned to Job number 971 is:

2. Flash Company budgeted $566,000 manufacturing direct wages, 3,000 direct labor hours, and had the following manufacturing overhead:

Overhead Cost Pool	Budgeted Overhead Cost	Budgeted Level for Cost Driver	Overhead Cost Driver
Materials handling	$ 172,000	4,300	pounds	Weight of materials
Machine setup	20,000	500	setups	Number of setups
Machine repair	1,860	31,000	machine hours	Machine hours
Inspections	16,200	270	inspections	Number of inspections