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Compute total machine setups and inspection costs assigned to each product, using a single overhead rate. (Round overhed rate value to 3 decimal places, e.g. 52.711 and final answers to 0 decimal places, e.g. 5,275.) Dining chairs $ Tables $ Total Costs

Compute total machine setups and inspection costs assigned to each product, using a single overhead rate. (Round overhed rate value to 3 decimal places, e.g. 52.711 and final answers to 0 decimal places, e.g. 5,275.) Dining chairs $ Tables $ Total Costs

FINANCIAL ACCOUNTING
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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Bridgeport Industries manufactures dining chairs and tables. The following information is available regarding the two products and their estimated use of cost drivers: Machine setups Inspections Labor hours Dining Chairs Dining chairs Tables 220 270 LA Tables 620 490 2,600 2,400 Bridgeport is considering switching from one overhead rate based on labor hours to ABC. Perform the following analyses for these two components of overhead: Compute total machine setups and inspection costs assigned to each product, using a single overhead rate. (Round overhead rate value to 3 decimal places, e.g. 52.711 and final answers to 0 decimal places, e.g. 5,275.) Total Costs Estimated Cost $48,720 $72,200
Transcribed Image Text:Bridgeport Industries manufactures dining chairs and tables. The following information is available regarding the two products and their estimated use of cost drivers: Machine setups Inspections Labor hours Dining Chairs Dining chairs Tables 220 270 LA Tables 620 490 2,600 2,400 Bridgeport is considering switching from one overhead rate based on labor hours to ABC. Perform the following analyses for these two components of overhead: Compute total machine setups and inspection costs assigned to each product, using a single overhead rate. (Round overhead rate value to 3 decimal places, e.g. 52.711 and final answers to 0 decimal places, e.g. 5,275.) Total Costs Estimated Cost $48,720 $72,200
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