A-h9 Exercise 9-34 and 9-35 (Algo)[The following information applies to the questions displayed below.]Benton Corporation manufactures computer microphones, which come in two models: Standard and Premium. Data for arepresentative quarter for the two models follow:Units producedProduction runs per quarterDirect materials cost per unitDirect labor cost per unitSupervisionSetup laborIncoming inspectionTotal overheadManufacturing overhead in the plant has three main functions: supervision, setup labor, and incoming material inspection.Data on manufacturing overhead for a representative quarter follow:ATExercise 9-34 (Algo) Activity-Based Costing and Cost Driver Rates (LO 9-4)Standard12,80050$ 3050$ 264,000307,200220,800$ 792,000a. Overhead rateb. Supervisionb. Setup laborb. Incoming inspectionPremium3,20025$ 6475Required:a. Benton currently applies overhead on the basis of direct labor cost. What is the predetermined overhead rate for the quarter?b. The CFO and the plant controller at Benton are thinking of adopting an ABC system. They have tentatively chosen the followingcost drivers: direct labor cost for supervision, production runs for setup labor, and direct material dollars for incoming inspection.Compute the cost driver rates for the proposed system at Benton.Note: Enter your answers rounded to 2 decimal places.% of direct labor cost% of direct labor costper production run% of direct material cost

ACTIVITY BASED COSTINGActivity Based Costing is a Powerful tool for measuring…

Answered: Exercise 9-34 and 9-35 (Algo) [The…

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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ent II - Chapter 5 Saved Help Save & E 13 1.46853 0.68095 14 1.51259 0.66112 15 1.55797 0.64186 16 1.60471 0.62317 15.6178 10.63496 16.0863 10.95400 17.0863 11.29607 18.5989 11.93794 17.5989 11.63496 19.1569 12.29607 20.1569 12.56110 20.7616 12.93794 Monica wants to sell her share of an investment to Barney for $140,000 in 4 years. If money is wOrth 6% compounded semiannually, what would Monica accept today? Multiple Choice 110,517 $ 109.263 ( Prev 7 of 15 Next>

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