2. Determine the total overhead assigned to each model using the two most expensive activities. The costs of the two relatively inexpensive activities are allocated to the two expensive activities in proportion totheir costs. Round interim calculations to two decimal places and round your final answers to the nearest dollar.Total Overhead Assigned$$XX3. Using ABC as the benchmark, calculate the percentage error. Round your answers to two decimal places.Model XModel YModel XModel YPercentage Error%% Approximately RelevantSilven Company has identified the following overhead activities, costs, and activity drivers for the coming year:ActivityExpected CostSetting up equipment$138,000Ordering materials10,200Machining92,400Receiving18,480Silven produces two models of cell phones with the following expected activity demands:Model XModel Y5,00080200Units completedNumber of setupsNumber of ordersMachine hoursReceiving hoursRequired:6,600385Activity Driver Activity CapacityNumber of setupsNumber of ordersMachine hoursReceiving hours10,000404004,95077012060011,5501,155

Under activity based costing total cost assigned as per cost driver of an activity. Cost is…

2. Determine the total overhead assigned to each model using the two most expensive activities. The costs of the two relatively inexpensive activities are allocated to the two expensive activities in proportion to their costs. Round interim calculations to two decimal places and round your final answers to the nearest dollar. Model X Model Y 3. Using ABC as the benchmark, calculate the percentage error. Round your answers to two decimal places. Model X Total Overhead Assigned X X Model Y Percentage Error %

2. Determine the total overhead assigned to each model using the two most expensive activities. The costs of the two relatively inexpensive activities are allocated to the two expensive activities in proportion to their costs. Round interim calculations to two decimal places and round your final answers to the nearest dollar. Model X Model Y 3. Using ABC as the benchmark, calculate the percentage error. Round your answers to two decimal places. Model X Total Overhead Assigned X X Model Y Percentage Error %

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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