Graded Practice iSavedActivityBudgeted CostActivity Cost DriverUsageMachine hours (MH)7,400Setups180ActivityMachiningProcessAssemblySetups$ 310,60024,000$ 334,600FinishingInspecting$ 226,000SupportPurchasing$ 132,000Inspections760Purchase orders480Additional production information concerning its two models follows.Units and ActivitiesUnits producedcesMachine hoursSetupsInspectionsPurchase orders3Model XModel Z1,6003,2002,2005,20060120480280320160Per UnitSelling price per unitModel X$ 410Model Z$ 390Direct materials cost per unit145115Direct labor cost per unit1301451. Compute the activity rate for each activity using activity-based costing.2. Using activity-based costing, compute the overhead cost per unit for each model.3. Compute the total product cost per unit for each model.4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit).40%45A-+4< Prev4 of 4NextnofOcation.comF12FB90144411441PRT SC&6789VRYOO[

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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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Please give me step by step directions for answer Ch 26 pro 9 Activity Rates and Product Costs using Activity-Based Costing Contemporary Lighting Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Activity BudgetedActivity Cost Activity Base Casting $273,280 Machine hours Assembly 155,820 Direct labor hours Inspecting 19,250 Number of inspections Setup 55,870 Number of setups Materials handling 33,210 Number of loads Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow: Activity Base Entry Dining Total Machine hours 5,170 4,590 9,760 Direct labor hours 4,450 6,680 11,130 Number of inspections 1,330 420 1,750 Number of setups 300 70 370 Number of loads…
Units produced per year Prime costs Direct labor hours Machine hours Production runs Inspection hours Maintenance hours Direct labor hours: Scientific calculator Business calculator Total Machine hours: Scientific calculator Business calculator Total Overhead costs: Setup costs Inspection costs Power Maintenance Total Required: Plantwide rate Overhead cost per unit: Scientific Product-Related Data Business Business Scientific 74,000 $239,000 99,800 49,500 100 2,000 2,250 Department Data Department 1 Department 2 77,300 139,720 217,020 23,000 381,800 404,800 $232,500 170,000 260,000 208,000 $870,500 1. Compute the overhead cost per unit for each product using a plantwide, unit-based rate using direct labor hours per direct labor hour 740,000 $2,390,000 998,000 495,000 150 3,000 9,000 per unit per unit 22,500 858,280 880,780 26,500 113,200 139,700 $232,500 170,000 133,000 219,500 $755,000
My Home CengageNOWv2| Online te... eBook The packaging department began the month with 500 units that were 100% complete with regard to material and conversion. It received 9,300 units from the processing department and ended the month with 850 units that were 100% complete with regard to materials and 30% complete with regard to conversion. With a $4 per unit cost for conversion and a $4 per unit cost for materials, what is the cost of the units transferred out and remaining in ending inventory? Units transferred out Ending inventory
1- Chapters 1,2, & 4 i 12 D N 5 X Direct labor hours Machine hours Tarnish Industries produces miniature models of farm equipment. These collectibles are in great demand. It takes two operations, molding and finishing, to complete the miniatures. Next year's expected activities are shown in the following table: # Multiple Choice 13 3 Tarnish Industries uses departmental overhead rates and is planning on a $4.10 per machine hour overhead rate for the Finishing department. Compute the budgeted manufacturing overhead cost for the Finishing department given the information shown in the table. O E . D C $307,500 $658,050 $401,800 (4 $ 4 R F Molding 75,000 DLH 98,000 MH % 5 T G fo 40 Finishing 160,500 DLH 81,500 MH 6 Y & H 4 Q Search 7 V B N A4 P 112 { [ 27 1 prt sc Help } pause Save & Exit delete backspace home lock enter
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ndenccinstructure.com/courses/3788/assignments/35969 Question 19 View Policies -/1 Current Attempt in Progress Bangor Company manufactures two products, Velveeto and Fondant. Bangor has estimated overhead costs as follows: setting up machines ($160,000), machining ($300,000) and inspecting ($100,000). Information on the two products follows: Velveeto Fondant Direct labor hours 60,000 100,000 Machine setups 2,400 1,600 Machine hours 96,000 104,000 Inspections 3,200 2,800 Overhead is applied to Fondant using direct labor hours. What is the total amount of overhead charged to this product line using traditional costing? $280,000 O $210,000 $350,000 O $105,000 2:29 PM 10/13/2019 e
Question Content Area Prior to installing a JIT system, Grindstone Company used machine hours to assign maintenance costs to its three products of 4-inch, 6-inch, and 9-inch insulation. The maintenance costs totaled $432,000 per year. The machine hours used by each product and the quantity produced of each product are as follows: Machine Hours Quantity Produced 4-inch 5,000 15,000 rolls 6-inch 12,000 12,500 rolls 9-inch 7,000 11,200 rolls After installing JIT, three manufacturing cells were created, and the cell workers were trained to perform maintenance. Maintenance costs for the three cells still totaled $432,000; however, these costs are now traceable to each cell. Cell, 4-inch $125,000 Cell, 6-inch 175,000 Cell, 9-inch 165,000 The maintenance cost per roll of 9-inch insulation before JIT is installed would be a. $14.00. b. $11.25. c. $7.75. d. $30.00.
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Saved Help Save & Exis A company has two manufacturing departments, Forming and Painting. The company uses the weighted-average method and it reports the following data. Units completed in the Forming department are transferred to the Painting department. Units 52 Units completed and transferred out Ending work in process inventory 120,000 40,000 Direct materials Percent Complete 100% Conversion Percent Complete 100% 20% 60% Determine the equivalent units of production for the Forming department for direct materials and conversion costs assuming the weighted average method. Multiple Choice 120,000 direct materials; 120,000 conversion 120,000 direct materials; 160,000 conversion 128,000 direct materials; 120,000 conversion 128,000 direct materials; 144,000 conversion 128,000 direct materials; 184,000 conversion
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
еВook Print Item Activity-Based Product Costing Sweet Sugar Company manufactures three products (white sugar, brown sugar, and powdered sugar) in a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical activities of the organization as follows: Activity Budgeted Activity Cost Production $530,400 Setup 178,000 Inspection 130,500 Shipping 111,000 Customer service 91,000 Total $1,040,900 The activity bases identified for each activity are as follows: Activity Activity Base Production Machine hours Setup Number of setups Inspection Number of inspections Shipping Number of customer orders Customer service Number of customer service requests The activity-base usage quantities and units produced for the three products were determined from corporate records and are as follows: Customer Number of Number of Number of Service Setups Customer Orders…

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