The controller for Tamale Cooking Oil Co. established the following overhead cost pools and cost drivers:BudgetedOverhead$14,30011 setups$12,480780 barrels$31,620 # of inspections102 inspections$17,250 # of machine hours 1,150 machine hoursOverhead Cost PoolMachine setupMaterials handlingQuality controlMachine utilities/ maintenanceSelect one:a. 98b. 479 xCost Driverc. 118d. 109# of setups# of barrelsAn order of 80 finished barrels of cooking oil used:Machine setups1 setupMaterials handling82 barrelsQuality inspections 10 inspectionsMachine hours ??? machine hoursIf the company uses activity-based costing and the total overhead charged to the order was $7,182, how many machine hours were used to complete the order?Estimated CostDriver Level

Name: The controller for Tamale Cooking Oil Co. established the following o
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Description: The controller for Tamale Cooking Oil Co. established the following overhead cost pools and cost drivers:BudgetedOverhead$14,30011 setups$12,480780 barrels$31,620 # of inspections102 inspections$17,250 # of machine hours 1,150 machine hoursOverhead

ABC is a technique used to allocate the overhead cost to the products manufactured by the…

Answered: If the company uses activity-based…

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If the company uses activity-based costing and the total overhead charged to the order was $7,182, how many machine hours were used to complete the order? Select one: a. 98 b. 479 x c. 118 Od. 109

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 8P: Journalizing the distribution of service department costs to production departments Required: Using...

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Journalizing the distribution of service department costs to production departments Required: Using your solution to P4-7, prepare journal entries for the following: The distribution of the total factory overhead of $79,400 to the individual production and service departments where it originated. The distribution of the Building Maintenance overhead to the appropriate other departments. The distribution of the Factory Office overhead to the appropriate other departments.
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A company makes a product R. which requires one each of two first-level components, 5 and T. Routing data for these items are as follows tem Operation No. Dept Work Center Run Time Per unit Setup Time Average Lot size No. No. Std hours) Std hours) R 10 12 0.80 1.50 20 10 12 16 0.50 0.60 40 20 14 1.20 2.00 40 10 16 1.00 0.40 40 20 14 0.30 1.20 40 (a) The Bill of Capacity for product R (in standard hours) at work center 12 is closest to:
Production and cost data Production and sales units Selling price (per unit) Materials (per unit) Labor (per unit) Manufacturing overheads Dept. A Standrad 192000 24000 $15 1.7 4.3 Dept. B Designer wear Number of machine set-ups 4 Marketing overheads $50 8 14.2 24 Engineering and PC Marketing and CS 745200 1296000 Use single-rate; direct method to allocate engineering and marketing overheads Engineering overheads include machine setting ($460,800) and inspection ($284,400) activities. Marketing involves channel ($496,000) and branding ($800,000) activities. The inspection and channel costs are driven by the number of units produced & sold. Computing product costs and profits under conventional and ABC approaches
Overheads cost analysisRProduction 4 400 000Materials handling 1 000 000Set-up 1 050 000Quality control 1 900 000Materials procurement 400 000Cost driver analysisCost drivers Product A Product B TotalDirect labour hours 320 000 180 000 500 000Number of set-ups 420 280 700Materials movements 700 300 1 000Number of orders 1 300 700 2 000Number of inspections 1 140 760 1 900 Annual outputProduct A 200 000 unitsProduct B 100 000 units Use the information provided below to calculate the overhead cost per product using the followingcosting systems: Traditional Absorption Costing, using direct labour hours as the basis for allocation.…
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The controller for Donut Cooking Oil Co. established the following overhead cost pools and cost drivers: Estimated Cost Driver Level 33 setups Budgeted Overhead Cost Driver $42,900 # of setups $37,440 # of barrels $94,860 # of inspections 306 inspections $51,750 # of machine hours 3,450 machine hours 2,340 barrels Overhead Cost Pool Machine setup Materials handling Quality control Machine utilities/ maintenance An order of 80 finished barrels of cooking oil used: Machine setups Materials handling Quality inspections Machine hours 3 setups 246 barrels 30 inspections ??? machine hours If the company uses activity-based costing and the total overhead charged to the order was $21,546, how many machine hours were used to complete the order? Select one: O O O O a. 294 b. 354 c. 1,437 d. 327
ABC Company has an ABC system with three pools: Total cost in cost pool Activity Machine setups Customer service Maintenance $18,500 $5,000 Cost Driver $29,000 #setups O $9,000 #orders not enough information machine- hours $13,000 $6,000 $10,000 Compute total capacity costs allocated to product X. Activity volume (#cost driver units) Product X Product Y Total 45 15 25 20 5 25 65 20 50
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Rex Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Compute the overhead rate for each activity. Round your answers to two decimal places. Activity Overheadper Activity AnnualUsage OverheadRate perActivity Machine Setups $156,825 4,100 $fill in the blank 1 Machine Hours 352,750 14,110 $fill in the blank 2 Inspections 110,550 3,300 $fill in the blank 3
gagenown/ilm/takeAssignment/takeAssignmentMain.do?invoker=&ta... A Q eBook Activity Fabrication Assembly Setup Inspecting Production scheduling Purchasing Activity Rate $24 per machine hour $13 per direct labor hour $50 per setup $28 per inspection $14 per production order $11 per purchase order The activity-base usage quantities and units produced for each product were as follows: Elliptical Machines Treadmill 1,687 419 53 Activity Base Machine hours Direct labor hours Setups Elliptical Machines Treadmill 4 Product Costs using Activity Rates Hercules Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows: C 101 Print Item % 15 5 732 $ Inspections Production orders Purchase orders 198 Units produced 286 Use the activity rate…
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