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Exercise 4-14 (Algo) Allocating overhead cost to jobs using activity-based costing LO P3 Pro-Craft Company computed the following activity rates to allocate overhead cost for the year. Activity Rate $ 67 per materials requisition Activity Materials handling Quality inspection Utilities $ 57 per inspection $6 per machine hour During January, the company produced the following two jobs. Allocate overhead cost to each job using the activity rates. Activity Cost Driver Materials requisitions Inspections Machine hours Activity Usage Job A 5 Quality inspection Utilities Total 8 385 Job B 3 4 285 Allocate overhead based on actual activity usage-Job A Activity Activity Usage Materials handling Allocate overhead based on actual activity usage-Job B Activity Activity Usage Materials handling Quality inspection Utilities Total Activity Rate Activity Rate Allocated Cost $ Allocated Cost $ 0 0

Exercise 4-14 (Algo) Allocating overhead cost to jobs using activity-based costing LO P3 Pro-Craft Company computed the following activity rates to allocate overhead cost for the year. Activity Rate $ 67 per materials requisition Activity Materials handling Quality inspection Utilities $ 57 per inspection $6 per machine hour During January, the company produced the following two jobs. Allocate overhead cost to each job using the activity rates. Activity Cost Driver Materials requisitions Inspections Machine hours Activity Usage Job A 5 Quality inspection Utilities Total 8 385 Job B 3 4 285 Allocate overhead based on actual activity usage-Job A Activity Activity Usage Materials handling Allocate overhead based on actual activity usage-Job B Activity Activity Usage Materials handling Quality inspection Utilities Total Activity Rate Activity Rate Allocated Cost $ Allocated Cost $ 0 0

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 4BE: Applying factory overhead Bergan Company estimates that total factory overhead costs will be 620,000...
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Pro-Craft Company computed the following activity rates to allocate overhead cost for the year.

During January, the company produced the following two jobs. Allocate overhead cost to each job using the activity rates.

Fill in the empty blanks

Exercise 4-14 (Algo) Allocating overhead cost to jobs using activity-based costing LO P3 Pro-Craft Company computed the following activity rates to allocate overhead cost for the year. Activity Rate $ 67 per materials requisition Activity Materials handling Quality inspection Utilities $ 57 per inspection $6 per machine hour During January, the company produced the following two jobs. Allocate overhead cost to each job using the activity rates. Activity Cost Driver Materials requisitions Inspections Machine hours Activity Usage Job A 5 Quality inspection Utilities Total 8 385 Job B 3 4 285 Allocate overhead based on actual activity usage-Job A Activity Activity Usage Materials handling Allocate overhead based on actual activity usage-Job B Activity Activity Usage Materials handling Quality inspection Utilities Total Activity Rate Activity Rate Allocated Cost $ Allocated Cost $ 0 0
Transcribed Image Text:Exercise 4-14 (Algo) Allocating overhead cost to jobs using activity-based costing LO P3 Pro-Craft Company computed the following activity rates to allocate overhead cost for the year. Activity Rate $ 67 per materials requisition Activity Materials handling Quality inspection Utilities $ 57 per inspection $6 per machine hour During January, the company produced the following two jobs. Allocate overhead cost to each job using the activity rates. Activity Cost Driver Materials requisitions Inspections Machine hours Activity Usage Job A 5 Quality inspection Utilities Total 8 385 Job B 3 4 285 Allocate overhead based on actual activity usage-Job A Activity Activity Usage Materials handling Allocate overhead based on actual activity usage-Job B Activity Activity Usage Materials handling Quality inspection Utilities Total Activity Rate Activity Rate Allocated Cost $ Allocated Cost $ 0 0
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