Dawson Company manufactures small table lamps and desk lamps. The following shows the activities per product and the total overhead information: Units Setups Inspections Assembly (dlh) Small table lamps 3,000 3,900 8,850 40,400 Desk lamps 10,300 7,800 14,750 40,400 Activity Total Activity-Base Usage Budgeted Activity Cost Setups 11,700 $97,110 Inspections 23,600 148,680 Assembly (dlh) 70,700 254,520 The total factory overhead to be allocated to each unit of small table lamps is Oa. S46.72 Оь. S132.36 Oc. S101.22 Od. $77.86
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
![I dous
Dawson Company manufactures small table lamps and desk lamps. The following shows the activities per product and the total overhead information:
Units
Setups Inspections Assembly (dlh)
Small table lamps
3,000
3,900
8,850
40,400
Desk lamps
10,300
7,800
14,750
40,400
Activity
Total Activity-Base Usage
Budgeted Activity Cost
Setups
11,700
$97,110
Inspections
23,600
148,680
Assembly (dlh)
70,700
254,520
The total factory overhead to be allocated to each unit of small table lamps is
Oa. S46.72
Ob. S132.36
Oc. S101.22
Od. $77.86](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F245e02ce-70c9-4928-ad09-07275c899eab%2F43007f54-69aa-409e-9271-f5be0de20376%2F915qu0s_processed.jpeg&w=3840&q=75)
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