8b) compute the estimated overhead costs per thousand Snoopy cookies.Using the ABC system:c) compute the activity-cost-driver rates for oven and packaging costs.d) compute the estimated overhead costs per thousand Snoopy cookies.e) What is the change in operating income per thousand Snoopy cookies if the ABC system is usedrather than the traditional system? (1) Which system provides a better estimate of profitability? Why?Page 3 of 12 size for the cookies is limited to 1,000 cookies based on the size of the ovens and cookie wCharlie Brown Bakery manufactures and sells two kinds of cookies: Snoopy and Woodby the company. Based on budgetary projections, the information listed below is availableSnoopyWoodstock500,000600,000Projected sales in unitsPER UNIT data:Selling priceDirect materialsDirect laborHours per 1000-unit batch:Direct labor hoursOven hoursPackaging hours$0.80$0.20$0.04OvenPackaging221.5Total overhead costs for the year are estimated as follows:ActivityOverhead costs$210,000$162,750$0.60$0.14$0.0211.50.5Required:Round cost rates to two decimal places and overhead costs and profit to whole dollar amountsUsing a traditional system with direct labor hours as the overhead allocation basea) compute the overhead cost rate.

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cookie Woodstock Charlie Brown Bakery manufactures and sells two kinds of cookies: Snoopy and Wood size for the cookies is limited to 1,000 cookies based on the size of the ovens and o by the company. Based on budgetary projections, the information listed below is avail Snoopy 500,000 600,000 Projected sales in units PER UNIT data: Selling price Direct materials Direct labor Hours per 1000-unit batch: Direct labor hours Oven hours Packaging hours $0.80 $0.20 $0.04 Oven Packaging 2 2 1.5 Total overhead costs for the year are estimated as follows: Activity Overhead costs $210,000 $162,750 $0.60 $0.14 $0.02 1 1.5 0.5 Required: Round cost rates to two decimal places and overhead costs and profit to whole dollar amounts. Using a traditional system with direct labor hours as the overhead allocation base a) compute the overhead cost rate.

cookie Woodstock Charlie Brown Bakery manufactures and sells two kinds of cookies: Snoopy and Wood size for the cookies is limited to 1,000 cookies based on the size of the ovens and o by the company. Based on budgetary projections, the information listed below is avail Snoopy 500,000 600,000 Projected sales in units PER UNIT data: Selling price Direct materials Direct labor Hours per 1000-unit batch: Direct labor hours Oven hours Packaging hours $0.80 $0.20 $0.04 Oven Packaging 2 2 1.5 Total overhead costs for the year are estimated as follows: Activity Overhead costs $210,000 $162,750 $0.60 $0.14 $0.02 1 1.5 0.5 Required: Round cost rates to two decimal places and overhead costs and profit to whole dollar amounts. Using a traditional system with direct labor hours as the overhead allocation base a) compute the overhead cost rate.

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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