12 Angel Corporation uses activity-based costing to determine product costs for external financial reports. The company has provided the following data concerning its activity-based costing system12Activity Cost Pools(and Activity Measures)EstimatedOverhead CostMachine related (machine-hours)Batch setup (setups)Order size (direct labor-hours)1.$286,520$306,660$213,060pointsExpected ActivityActivity Cost PoolsMachine relatedProduct XProduct YTotal4,8009,6003,80011,60011,40010,6006,800Batch setup1,800Order size6,800Assuming that actual activity turns out to be the same as expected activity, the total amount of overhead cost allocated to Product X would be closest to: (Round your intermediate calculations to 2 decimal places.)Multiple Choice$686,780$306,660$453,180

In order to calculate the total overhead cost allocated to product X, First of all we need to…

Angel Corporation uses activity-based costing to determine product costs for external financial reports, The company has provided the following data concerning its activity-based costing system Activity Cost Pools (and Activity Measures) Estimated Overhead Cost Machine related (machine-hours) Batch setup (setups) Order size (direct labor-hours) $286,520 $306,660 $213,060 Expected Activity Product Y Product X Activity Cost Pools Machine related Batch setup Total 4,800 9,600 3,800 6,800 11,600 11,400 10,600 1,800 Order size 6,800 Assuming that actual activity turns out to be the same as expected activity, the total amount of overhead cost allocated to Product X would be closest to: (Round your intermediate calculations to 2 decimal places.)

Angel Corporation uses activity-based costing to determine product costs for external financial reports, The company has provided the following data concerning its activity-based costing system Activity Cost Pools (and Activity Measures) Estimated Overhead Cost Machine related (machine-hours) Batch setup (setups) Order size (direct labor-hours) $286,520 $306,660 $213,060 Expected Activity Product Y Product X Activity Cost Pools Machine related Batch setup Total 4,800 9,600 3,800 6,800 11,600 11,400 10,600 1,800 Order size 6,800 Assuming that actual activity turns out to be the same as expected activity, the total amount of overhead cost allocated to Product X would be closest to: (Round your intermediate calculations to 2 decimal places.)

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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