ABC Company has an ABC system with three pools:Total cost in costpoolTotal$13,000ActivityProduct XMachine setupsCustomerserviceMaintenanceCost DriverProduct Y#setups#ordersmachine-hours$6,000$10,000Compute total capacity costs allocated to product X.Group of answer choices$29,000$9,000$18,500$5,000not enough informationActivity volume (#costdriver units)45152520 655 202550

Total Cost = Setup Cost + Ordering Cost + Maintenance Cost

ABC Company has an ABC system with three pools: Total cost in cost pool Total Activity Product X Product Y Machine setups #setups Customer service Maintenance Cost Driver oun #orders machine- hours $13,000 $6,000 $10,000 Compute total capacity costs allocated to product X. Activity volume (#cost driver units) 45 15 25 20 65 5 20 25 50

ABC Company has an ABC system with three pools: Total cost in cost pool Total Activity Product X Product Y Machine setups #setups Customer service Maintenance Cost Driver oun #orders machine- hours $13,000 $6,000 $10,000 Compute total capacity costs allocated to product X. Activity volume (#cost driver units) 45 15 25 20 65 5 20 25 50

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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Conlon Enterprises reports the following information about resources. Cost Driver Rate Cost Driver Volume Resources used Setups $ 310 per run 365 runs Clerical 50 per page 1,300 pages typed Resources supplied Setups $ 117,050 Clerical 80,300 Sales revenue totaled $255,000. Required: a. Prepare a traditional income statement. b. Prepare an activity-based income statement.
Activity Cost Pool Machining Machine setups Product design Multiple Choice O $205,000 Activity Reasure Machine-hours Number of setups Number of products Using the ABC system, how much overhead cost would be assigned from the Machining cost pool to Pro $198,000 $225,000 $249,000 80 Activity Reasure Machine-hours Number of setups Number of products F3 Product A 9,000 50 1 Product B 6,000 150 1 888 Cost $ 300,000 $ 150,000 $ 78,000 F4 Expected Activity 12,000 01 200 Setups 2 Products < Prev Cenerente. 5 of 3
Using excel spreadsheet models answer the following below. Using the Direct Method allocate the service centre costs Using the Step Method allocate the service centre costs Using the Reciprocal Method allocate service centre costs
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§ Your Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Activity Rate Assembly $12.75 per MH Processing orders $45.00 per order Inspection $75.00 per Inspection Hour Data concerning one of the company's products appear below: Selling price per unit $113.70 Direct materials cost per unit $48.14 Direct labor cost per unit $11.62 Annual unit production and sales 750 Annual machine-hours 6,500 Annual orders 160 Annual inspection-hours 130 How much overhead was applied to this product? O$ 90,075 O $100,725 O $ 99,825 O$ 92,625
Can you answer the questions in 17-3B #1-4
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Appendix 4B) Assigning Support Department Costs by Using the Direct Method Quillen Company manufactures a product in a factory that has two producing departments, Cutting and Sewing, and two support departments, S1 and S2. The activity driver for S1 is number of employees, and the activity driver for S2 is number of maintenance hours. The following data pertain to Quillen: Support Departments Producing Departments S1 S2 Cutting Sewing Direct costs $180,000 $150,000 $122,000 $90,500 Normal activity: Number of employees — 30 63 147 Maintenance hours 1,200 — 16,000 4,000 Required: 1. Calculate the cost assignment ratios to be used under the direct method for Departments S1 and S2. (Note: Each support department will have two ratios—one for Cutting and the other for Sewing.) Enter your answers as decimal values. S1 S2 Cutting Sewing 2. Allocate the support department costs to the producing departments by using the direct method. Use a…
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Multiple Versus Single Overhead Rates, Activity Drivers Deoro Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $401,000 Number of setups 500 Ordering costs 407,400 Number of orders 19,400 Machine costs 830,000 Machine hours 41,500 Receiving 481,500 Receiving hours 10,700 Deoro produces two models of dishwashers with the following expected prime costs and activity demands: Model A Model B Direct materials $641,000 $799,000 472,000 492,000 Direct labor 17,000 7,000 Units completed 7,000 1,900 Direct labor hours 350 150 Number of setups 6,600 12,800 Number of orders
Gable co uses 3 activity pools: Activity Pools total cost of pools cost driver estimated cost driver Machining 208,960 number of machine hours 65,300 designing costs 53,125 number of design hours 6,250 setup costs 68,400 number of batches 480 Gable co manufactures 3 products, manufactured are ,A,B,C: Product A Product B Product C Number of Machine hours 23,000 33,000 9,300 Number of design hours 2,500 1,450 2,300 Number of batches 40…
Cost pool $58,200 $88,500 Total cost in cost pool O $7,200 pool 1 pool 2 pool 3 Compute allocated capacity costs for product Alpha. $18,000 $7,500 $63,000 $45,000 not enough information need to know the total number of cost driver units Number of cost driver units product Alpha 20 20 30 -- product Beta 30 5 12