Doles Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products. Activity Cost Pools Setting up batches Processing customer orders Assembling products Activity Rate Number of batches Number of customer orders Number of assembly hours Required: $66.52 per batch $23.58 per customer order $10.71 per assembly hour Data concerning two products appear below: Product K52W Product X94T 65 45 418 52 30 161 How much overhead cost would be assigned to each of the two products using the company's activity-based

Doles Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products. Activity Cost Pools Setting up batches Processing customer orders Assembling products Activity Rate Number of batches Number of customer orders Number of assembly hours Required: $66.52 per batch $23.58 per customer order $10.71 per assembly hour Data concerning two products appear below: Product K52W Product X94T 65 45 418 52 30 161 How much overhead cost would be assigned to each of the two products using the company's activity-based

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

YKPBNO412 Corp., manufactures and sells two products: Product TOTEMO and Product SUGOI. YKPBNO412 has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: (ID#60553) Activity Cost Pools Labor-related Production orders Order size Multiple Choice O O $535,150 $914,020 $467,602 Activity Measures DLHS orders MHS $1,038,880 Estimated Overhead Cost $ 132,400 62,430 976,450 $1,171,280 (Baruch College Exam) Q) What is YKPBNO412's total overhead applied to Product SUGOI under activity-based costing? (choose the closest answer) (Round your intermediate calculations to 2 decimal places.) Product TOTEMO 1,800 1,000 3,700 Expected Activity Product SUGOI 900 600 3,400 Total 2,700 1,600 7,100 HE
Shalom Company uses traditional costing method in allocating overhead. When you presented the idea of activity-based costing, the manager became interested and showed you details of its current costing method: Overhead using Products Traditional Allocation Peace Piss Piece 460,000 540,000 920,000 Cost drivers 40,000 30,000 90,000 1,920,000 The manager wants a report that shows comparison of the two costing methods. You began your analysis and applied activity-based costing. What product line/s had an overstated overhead cost?
Maxx Inc. has provided the following data from its activity-based costing system:Activity Cost Pools Total Cost Total ActivityDesigning products $383,900 6,580 product design hoursSetting up batches $52,678 7366 batch set-upsAssembling products $25,122 4,018 assembly hoursThe activity rate for the “designing products” activity cost pool is:
The following figure depicts the complete system that Office Inc. uses to estimate the total cost of each office desk and office chair that it produces. How many cost pools does Office Inc.'s 2-stage costing system use for Office Chair objects? A. 7 B. 0 C. 6 D. 5 E. 4 F. 2 G. 1 H. 3 I. 8
Do not give answer in image
Foam Products, Incorporated, makes foam seat cushions for the automotive and aerospace industries. The company's activity-based costing system has four activity cost pools, which are listed below, along with their activity measures and activity rates: Activity Cost Pool Supporting direct labor. Batch processing Order processing Customer service Activity Measure Number of direct labor-hours Number of batches Number of orders Number of customers Activity Rate $10 per direct labor-hour $90 per batch $286 per order $ 2,602 per customer The company just completed a single order from Interstate Trucking for 2,800 custom seat cushions. The order was produced in four batches. Each seat cushion required 0.3 direct labor-hours. The selling price was $141.10 per unit, the direct materials cost was $102 per unit, and the direct labor cost was $14.20 per unit. This was Interstate Trucking's only order during the year. Required: Calculate the customer margin on sales to Interstate Trucking for the…
Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing Supervising Other Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the other activity cost pool are not assigned to products. Activity data appear below: Product MO Product M5 Total $ 3,800 $ 23,800 $ 10,400 MHs (Processing) 9,700 300 10,000 Sales (total) Direct materials (total) Direct labor (total) Batches (Supervising) 500 500 1,000 Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Product Mº $ 74,100 $ 28,500 $ 27,800 Product M5 $ 89,900 $ 31,400 $ 41,700
None
Arial Company has two products: A and B. The company uses activity-based costing. The total cost and activity for each of the company's three activity cost pools are as follows: Total Activity Activity Cost Pool Total Cost Product A Product B Total Activity 1 $ 38,000 800 500 1,300 Activity 2 $ 29,040 780 600 1,380 Activity 3 $ 26,600 900 650 1,550 The activity rate under the activity-based costing system for Activity 3 is:
Please do not give solution in image format thanku
Required: Determine the unit product cost of each of the company's two products under activity-based costing system.
Crmration manufactures bwo models of office chairs, a standard and a deluxe model. The following activity and cost information has been compiled: Number of Number of Number of Setups Components Direct Labor Hours 10 290 Preduct Standard 13 18 235 32 Delue $72,000 $95,200 Overhead costs Amnealraditional costing system applies the overhead costs based on direct labor hours. What is the total amount of overhead costs assigned to the standard model? (Do not round interim calculations. Round the final anewes ln the a whole dollar) OA S92.358 OB $74,842 OC $83,600 OD. $52.587 O Time Remaining: 01:46:06 Next % 5 6. 7. 8. ఉం W R Y 314