I submitted this question earlier but failed to attach the beginning part of the question. I am not sure how to figure this out Concord Toys is exploring options to help reduce overhead costs especially for non-value added activities. One of the proposals isfrom the National Toy Association. For an additional $1 per order, this entity could perform additional safety checks that wouldreduce the assembly line inspection costs by $0.01 per toy. Compute the overhead cost assigned to the toddler toy line for themonth of August using activity-based costing under this proposal.Overhead cost assigned$ Concord Toys & Games, Inc. manufactures specialty toys. Concord uses a traditional product costing system to assign overhead costsuniformly to all products. To meet industry safety standards and to assure its customers of safe and durable toys, Concord assigns itsquality-control overhead costs to all products at a rate of 23% of direct labor costs. Its direct labor cost for the month of August for itstoddler line of toys is $302,000. In response to repeated requests from its financial vice president, Concord's management agrees toadopt activity-based costing. Data relating to the toddler line of toys for the month of August are as follows:Activity Cost PoolsMaterials InspectionAssembly Line InspectionNational Toy Association CertificationCost DriversNumber of poundsNumber of finished toysRetail ordersOverheadRate$0.70 per pound$0.15 per toy$2.00 per orderNumber of CostDrivers Usedper Activity44,000 pounds182,000 toys900 orders

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Uploaded: 2024-03-20T06:33:06.000Z
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Description: I submitted this question earlier but failed to attach the beginning part of the question. I am not sure how to figure this out Concord Toys is exploring options to help reduce overhead costs especially for non-value added activities. One of the prop

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Concord Toys is exploring options to help reduce overhead costs especially for non-value added activities. One of the proposals is from the National Toy Association. For an additional $1 per order, this entity could perform additional safety checks that would reduce the assembly line inspection costs by $0.01 per toy. Compute the overhead cost assigned to the toddler toy line for the month of August using activity-based costing under this proposal. Overhead cost assigned $