Homework Help is Here – Start Your Trial Now!
Business
Accounting
Activity Cost Pool Labor-related Purchase orders Parts management Board etching General factory Activity Measure Direct labor-hours Number of orders Number of part types Number of boards Machine-hours Overhead Cost $ 270,900 $ 11,745 $ 78,570 $ 72,400 $ 212,400 Expected Activity 30,100 DLHS 261 orders 97 part types 1,810 boards 17,700 MHs Required: 1. Compute the activity rate for each of the activity cost pools. 2. The expected activity for the year was distributed among the company's four products as follows: Expected Activity Product B 13,800 Activity Cost Pool Product A Labor-related (DLHS) Product C Product D 4,000 7,100 5,200 Purchase orders (orders) 78 37 47 99 Parts management (part types) 38 15 30 14 Board etching (boards) 550 740 520 0 General factory (MHs) 2,900 6,200 3,900 4,700 Using the ABC data, determine the total amount of overhead cost assigned to each product.

Activity Cost Pool Labor-related Purchase orders Parts management Board etching General factory Activity Measure Direct labor-hours Number of orders Number of part types Number of boards Machine-hours Overhead Cost $ 270,900 $ 11,745 $ 78,570 $ 72,400 $ 212,400 Expected Activity 30,100 DLHS 261 orders 97 part types 1,810 boards 17,700 MHs Required: 1. Compute the activity rate for each of the activity cost pools. 2. The expected activity for the year was distributed among the company's four products as follows: Expected Activity Product B 13,800 Activity Cost Pool Product A Labor-related (DLHS) Product C Product D 4,000 7,100 5,200 Purchase orders (orders) 78 37 47 99 Parts management (part types) 38 15 30 14 Board etching (boards) 550 740 520 0 General factory (MHs) 2,900 6,200 3,900 4,700 Using the ABC data, determine the total amount of overhead cost assigned to each product.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Please do not give solution in image format thanku 

Activity Cost Pool Labor-related Purchase orders Parts management Board etching General factory Activity Measure Direct labor-hours Number of orders Number of part types Number of boards Machine-hours Required 1 Required 2 Overhead Cost $ 270,900 $ 11,745 $ 78,570 Required: 1. Compute the activity rate for each of the activity cost pools. 2. The expected activity for the year was distributed among the company's four products as follows: Product A 7,100 78 38 550 2,900 Labor-related Purchase orders Parts management Board etching General factory $ 72,400 $ 212,400 Activity Cost Pool Labor-related (DLHS) Purchase orders (orders) 37 Parts management (part types) 15 Board etching (boards) 740 General factory (MHS) 6, 200 Using the ABC data, determine the total amount of overhead cost assigned to each product. Complete this question by entering your answers in the tabs below. Compute the activity rate for each of the activity cost pools. Activity Cost Pool Activity Rate per DLH per order per part type per board per MH Required 1 Expected Activity 30,100 DLHS Expected Activity Product B 13,800 261 orders 97 part types 1,810 boards 17,700 MHs Product C Product D 4,000 47 30 520 3,900 Required 2 > 5,200 99 14 0 4,700
Transcribed Image Text:Activity Cost Pool Labor-related Purchase orders Parts management Board etching General factory Activity Measure Direct labor-hours Number of orders Number of part types Number of boards Machine-hours Required 1 Required 2 Overhead Cost $ 270,900 $ 11,745 $ 78,570 Required: 1. Compute the activity rate for each of the activity cost pools. 2. The expected activity for the year was distributed among the company's four products as follows: Product A 7,100 78 38 550 2,900 Labor-related Purchase orders Parts management Board etching General factory $ 72,400 $ 212,400 Activity Cost Pool Labor-related (DLHS) Purchase orders (orders) 37 Parts management (part types) 15 Board etching (boards) 740 General factory (MHS) 6, 200 Using the ABC data, determine the total amount of overhead cost assigned to each product. Complete this question by entering your answers in the tabs below. Compute the activity rate for each of the activity cost pools. Activity Cost Pool Activity Rate per DLH per order per part type per board per MH Required 1 Expected Activity 30,100 DLHS Expected Activity Product B 13,800 261 orders 97 part types 1,810 boards 17,700 MHs Product C Product D 4,000 47 30 520 3,900 Required 2 > 5,200 99 14 0 4,700
Activity Cost Pool Labor-related Purchase orders Parts management Board etching General factory Activity Measure Direct labor-hours Number of orders Number of part types Number of boards Machine-hours Required 1 Required 2 Required: 1. Compute the activity rate for each of the activity cost pools. 2. The expected activity for the year was distributed among the company's four products as follows: Activity Cost Pool Complete this question by entering your answers in the tabs below. Labor-related (DLHS) Purchase orders (orders) Parts management (part types) Board etching (boards) General factory (MHs) Total Overhead Cost $ 270,900 $ 11,745 $ 78,570 $ 72,400 $ 212,400 Activity Cost Pool Product A Labor-related (DLHS) 7,100 4,000 Purchase orders (orders) 78 37 47 Parts management (part types) 38 15 30 Board etching (boards) 550 740 520 General factory (MHS) 2,900 6,200 3,900 Using the ABC data, determine the total amount of overhead cost assigned to each product. $ 0 $ < Required 1 Expected Activity 30,100 DLHs Expected Activity Product B 13,800 1,810 boards 17,700 MHs 261 orders 97 part types Using the ABC data, determine the total amount of overhead cost assigned to each product. Overhead Cost Overhead Cost Overhead Cost Overhead Cost Assigned Assigned Assigned Product B Product A Product C 0 $ Product C Product D Required 2 5,200 99 14 0 $ 4,700 Assigned Product D 0
Transcribed Image Text:Activity Cost Pool Labor-related Purchase orders Parts management Board etching General factory Activity Measure Direct labor-hours Number of orders Number of part types Number of boards Machine-hours Required 1 Required 2 Required: 1. Compute the activity rate for each of the activity cost pools. 2. The expected activity for the year was distributed among the company's four products as follows: Activity Cost Pool Complete this question by entering your answers in the tabs below. Labor-related (DLHS) Purchase orders (orders) Parts management (part types) Board etching (boards) General factory (MHs) Total Overhead Cost $ 270,900 $ 11,745 $ 78,570 $ 72,400 $ 212,400 Activity Cost Pool Product A Labor-related (DLHS) 7,100 4,000 Purchase orders (orders) 78 37 47 Parts management (part types) 38 15 30 Board etching (boards) 550 740 520 General factory (MHS) 2,900 6,200 3,900 Using the ABC data, determine the total amount of overhead cost assigned to each product. $ 0 $ < Required 1 Expected Activity 30,100 DLHs Expected Activity Product B 13,800 1,810 boards 17,700 MHs 261 orders 97 part types Using the ABC data, determine the total amount of overhead cost assigned to each product. Overhead Cost Overhead Cost Overhead Cost Overhead Cost Assigned Assigned Assigned Product B Product A Product C 0 $ Product C Product D Required 2 5,200 99 14 0 $ 4,700 Assigned Product D 0
Expert Solution
steps

Step by step

Solved in 4 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Cost classification
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS