E4-7 (Algo) Calculating Traditional Overhead Rates, Assigning Costs [LO 4-1] Bluefield Corp. has two product lines, A and B. Bluefield has identified the following information about its overhead and potential c drivers: Total overhead Cost drivers Number of labor hours Number of machine hours $61,180 3,000 38,000 Required: 1. Suppose Bluefield Corp. uses a traditional costing system with number of labor hours as the cost driver. Determine the amount o overhead assigned to each product line if Product A requires 79 percent of the labor hours and Product B requires 21 percent. 2. Suppose Bluefield uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line if Product A consumes 16,100 machine hours and Product B consumes 21,900.
E4-7 (Algo) Calculating Traditional Overhead Rates, Assigning Costs [LO 4-1] Bluefield Corp. has two product lines, A and B. Bluefield has identified the following information about its overhead and potential c drivers: Total overhead Cost drivers Number of labor hours Number of machine hours $61,180 3,000 38,000 Required: 1. Suppose Bluefield Corp. uses a traditional costing system with number of labor hours as the cost driver. Determine the amount o overhead assigned to each product line if Product A requires 79 percent of the labor hours and Product B requires 21 percent. 2. Suppose Bluefield uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line if Product A consumes 16,100 machine hours and Product B consumes 21,900.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![E4-7 (Algo) Calculating Traditional Overhead Rates, Assigning Costs [LO 4-1]
Bluefield Corp. has two product lines, A and B. Bluefield has identified the following information about its overhead and potential cos
drivers:
Total overhead
Cost drivers
Number of labor hours
Number of machine hours
Required:
1. Suppose Bluefield Corp. uses a traditional costing system with number of labor hours as the cost driver. Determine the amount of
overhead assigned to each product line if Product A requires 79 percent of the labor hours and Product B requires 21 percent.
2. Suppose Bluefield uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead
assigned to each product line if Product A consumes 16,100 machine hours and Product B consumes 21,900.
Complete this question by entering your answers in the tabs below.
Required 1
$61,180
3,000
38,000
Required
Product A
Product B
Suppose Bluefield uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead
assigned to each product line if Product A consumes 16,100 machine hours and Product B consumes 21,900. (Round
intermediate calculations to 2 decimal places and your final answers to the nearest whole dollar amount.)
Overhead
Assigned](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb118157e-b74a-4ce3-8c5b-5d72e545d5f9%2F8318478c-7e07-4abd-95c9-ca96bb50b388%2F4a3zx9r_processed.jpeg&w=3840&q=75)
Transcribed Image Text:E4-7 (Algo) Calculating Traditional Overhead Rates, Assigning Costs [LO 4-1]
Bluefield Corp. has two product lines, A and B. Bluefield has identified the following information about its overhead and potential cos
drivers:
Total overhead
Cost drivers
Number of labor hours
Number of machine hours
Required:
1. Suppose Bluefield Corp. uses a traditional costing system with number of labor hours as the cost driver. Determine the amount of
overhead assigned to each product line if Product A requires 79 percent of the labor hours and Product B requires 21 percent.
2. Suppose Bluefield uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead
assigned to each product line if Product A consumes 16,100 machine hours and Product B consumes 21,900.
Complete this question by entering your answers in the tabs below.
Required 1
$61,180
3,000
38,000
Required
Product A
Product B
Suppose Bluefield uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead
assigned to each product line if Product A consumes 16,100 machine hours and Product B consumes 21,900. (Round
intermediate calculations to 2 decimal places and your final answers to the nearest whole dollar amount.)
Overhead
Assigned
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