NOWV2 | Online teach x+O SOFTWARE UPDATEeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3falsemacOS Big Sur 11.3.1 is available and will be inlater tonight.O eBookShow Me HowE Print ItemActivity-Based Costing: Factory Overhead CostsThe total factory overhead for Bardot Marine Company is budgeted for the year at $1,167,450, divided into four activities: fabrication, $507,000; assembly, $210,000;setup, $245,700; and inspection, $204,750. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for eachproduct by each activity are as follows:FabricationAssemblySetupInspectionSpeedboat9,750 dlh31,500 dlh70 setups122 inspectionsBass boat29,25010,50051585339,000 dlh42,000 dlh585 setups975 inspectionsEach product is budgeted for 5,500 units of production for the year.a. Determine the activity rates for each activity.Fabrication$per direct labor hourAssembly5V per direct labor hourSetup$1per setupInspectionper inspectionb. Determine the activity-based factory overhead per unit for each product. Round to the nearest whole dollar.Speedboat:per unitBass boatper unitFeedbackCheck My WorkCalculate:(a) For each activity: Activity budget + Activity-base usage = Activity RateNext>Check My WorkEmail InstructorSave and ExitSubmit Assignment for GradingMacBook AirDIIDD80888F11F7F9F10FBF3F44FS

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Description: NOWV2 | Online teach x+O SOFTWARE UPDATEeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3falsemacOS Big Sur 11.3.1 is available and will be inlater tonight.O eBookShow Me HowE Print ItemActivity-Based Costing: Fac

ACTIVITY RATES FOR EACH ACTIVITY : ACTIVITY WORKING ACTIVITY RATES FABRICATION $507,000 /…

Business

Accounting

Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at $1,167,450, divided into four activities: fabrication, $507,000; assembly, $210,000; setup, $245,700; and inspection, $204,750. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speedboat 9,750 dih 31,500 dlh 70 setups 122 inspections Bass boat 29,250 10,500 515 853 39,000 dlh 42,000 dih 585 setups 975 inspections Each product is budgeted for 5,500 units of production for the year. a. Determine the activity rates for each activity. Fabrication per direct labor hour Assembly 5 v per direct labor hour Setup per setup Inspection per inspection b. Determine the activity-based factory overhead per unit for each product. Round to the nearest whole dollar. Speedboat per unit Bass boat per unit Feedback " Check My Work Calculate: (a) For each activity: Activity budget + Activity-base usage = Activity Rate Next Check My Work Email Instructor Save and Exit Submit Assignment for Grading

Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at $1,167,450, divided into four activities: fabrication, $507,000; assembly, $210,000; setup, $245,700; and inspection, $204,750. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speedboat 9,750 dih 31,500 dlh 70 setups 122 inspections Bass boat 29,250 10,500 515 853 39,000 dlh 42,000 dih 585 setups 975 inspections Each product is budgeted for 5,500 units of production for the year. a. Determine the activity rates for each activity. Fabrication per direct labor hour Assembly 5 v per direct labor hour Setup per setup Inspection per inspection b. Determine the activity-based factory overhead per unit for each product. Round to the nearest whole dollar. Speedboat per unit Bass boat per unit Feedback " Check My Work Calculate: (a) For each activity: Activity budget + Activity-base usage = Activity Rate Next Check My Work Email Instructor Save and Exit Submit Assignment for Grading

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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Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at $1,556,000, divided into four activities: fabrication, $760,000; assembly, $296,000; setup, $270,000; and inspection, $230,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speedboat 10,000 dlh 27,750 dlh 72 setups 125 inspections Bass boat 30,000 9,250 528 875 40,000 dlh 37,000 dlh 600 setups 1000 inspections Each product is budgeted for 3,000 units of production for the year. a. Determine the activity rates for each activity. Fabrication $fill in the blank 1 per direct labor hour Assembly $fill in the blank 2 per direct labor hour Setup $fill in the blank 3 per setup Inspection $fill in the blank 4 per inspection b. Determine the activity-based factory overhead per unit…
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Greenwood Company manufactures two products—15,000 units of Product Y and 7,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z: Activity Cost Pool Activity Measure Estimated Overhead Cost Expected Activity Machining Machine-hours $ 231,000 11,000 MHs Machine setups Number of setups $ 180,000 300 setups Production design Number of products $ 94,000 2 products General factory Direct labor-hours $ 260,000 10,000 DLHs Activity Measure Product Y Product Z Machining 9,000 2,000 Number of setups 60 240 Number of products 1 1 Direct labor-hours 9,000 1,000 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and…
Greenwood Company manufactures two products—13,000 units of Product Y and 5,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z: Activity Cost Pool Activity Measure Estimated Overhead Cost Expected Activity Machining Machine-hours $ 235,200 12,000 MHs Machine setups Number of setups $ 73,600 160 setups Production design Number of products $ 80,000 2 products General factory Direct labor-hours $ 295,200 12,000 DLHs Activity Measure Product Y Product Z Machining 7,600 4,400 Number of setups 40 120 Number of products 1 1 Direct labor-hours 7,600 4,400 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product…
Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity- based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z: Activity Cost Pool Machining Machine setups Production design General factory OWS KTOP- Ows Activity Measure Machining Number of setups Number of products Direct labor-hours Total manufacturing overhead cost +1 (252) 484-2153 Oh nun Activity Measure Machine-hours. Number of setups Number of products Direct labor-hours FEB 22 Product Y Product Z 8,800 3,200 40 240 1 1 8,800 3,200 NT Submit Check my work A O
Carter Company manufactures two products, Deluxe and Regular, and uses a traditional two-stage cost allocation system. The first stage assigns all factory overhead costs to two production departments, A and B. based on machine hours. The second stage uses direct labor hours to allocate overhead to individual products. For the current year, the firm budgeted $1,550,000 total factory overhead cost. The $1,550,000 was for the planned levels of machine and direct labor hours shown in the following table. Machine hours Direct labor hours Units produced and sold Unit cost of direct materials The following information relates to the firm's operations for the month of January: Hourly direct labor wage rate Direct labor hours in Department A per unit Direct labor hours in Department B per unit Activity Material movement Machine setups Inspections Shipment Production Production Department A Department B 6,200 31,000 1. Deluxe unit cost Regular unit cost 2. Deluxe unit overhead Regular unit…
Activity Rates and Product Costs using Activity-Based Costing Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Activity BudgetedActivity Cost Activity Base Casting $338,910 Machine hours Assembly 163,940 Direct labor hours Inspecting 27,500 Number of inspections Setup 34,250 Number of setups Materials handling 38,400 Number of loads Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow: Activity Base Entry Dining Total Machine hours 5,440 4,830 10,270 Direct labor hours 4,680 7,030 11,710 Number of inspections 1,900 600 2,500 Number of setups 200 50 250 Number of loads 760 200 960 Units produced 10,800 5,400 16,200 a.…
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Activity Rates and Product Costs Using Activity-Based Costing BriteLite Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated activity costs and activity bases are as follows: Activity Costs Activity Activity Base (Budgeted) Casting $42,000 Machine hours Assembly 13,500 Direct labor hours Inspecting 5,800 Number of inspections Setup 16,800 Number of setups Materials handling 3,600 Number of loads Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced for each product and in total are provided in the following table: Activity Base Entry Dining Total Machine hours 800 600 1400 Direct labor hours 500 400 900 Number of inspections 140 150 290 Number of setups 80 60 140 Number of loads 50 40 90 Units produced 1,200 500 1,700 a. Determine the activity rate for each activity. Activity…
Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity- based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z: Activity Cost Pool Machining Machine setups Production design General factory TOP- OWS Activity Measure Machining Number of setups Number of products Direct labor-hours Machining cost Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y +1 (252) 484-2153 Oh nun % Product Y Product Z 8,800 3,200 40 240 1 1 8,800 3,200 12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your in calculations to 2 decimal places. Round your answers to 2 decimal places.) Product Z
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