A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs of $110,205 and the cost drivers for Product 1 is 326 and 493 for Product 2. The assembling activity pool has estimated costs of $163,086 and the cost drivers for Product 1 is 123 and 254 for Product 2. Direct labor hours for Product 1 is 50,000 and 45,000 for Product 2. What is the total manufacturing overhead costs to assigned under activity based costing to the finishing activity cost pool for Product 2? Round your final answer to the nearest whole number and do not write a dollar sign.
A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs of $110,205 and the cost drivers for Product 1 is 326 and 493 for Product 2. The assembling activity pool has estimated costs of $163,086 and the cost drivers for Product 1 is 123 and 254 for Product 2. Direct labor hours for Product 1 is 50,000 and 45,000 for Product 2. What is the total manufacturing overhead costs to assigned under activity based costing to the finishing activity cost pool for Product 2? Round your final answer to the nearest whole number and do not write a dollar sign.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs of $110,205 and the cost drivers for Product 1 is 326 and 493 for Product 2. The assembling activity pool has estimated costs of $163,086 and the cost drivers for Product 1 is 123 and 254 for Product 2. Direct labor hours for Product 1 is 50,000 and 45,000 for Product 2. What is the total
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education