Klumper Corporation Is a diversified manufacturer of Industrial goods. The company's activity-based costing system contalnsthe following stx activity cost pools and activity rates:Activity Cost PoolSupporting direct laborMachine processingMachine setupsProduction ordersActivity Rates$8 per direct labor-hour$ 3 per machine-hour$ 35 per setup$ 160 per order$ 120 per shipment$ 875 per productShipmentsProduct sustainingActivity data have been supplied for the following two products:Total Expected ActivityK425M67Number of units produced per year2,00050200Direct labor-hours1,8253,48013Machine-hours40Machine setupsProduction ordersShipmentsProduct sustaining2132262Requlred:How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system?Activity Cost PoolK425M67Supporting direct laborMachine processingMachine setupsProduction ordersShipmentsProduct sustainingTotal overhead cost이 $ Foam Products, Incorporated, makes foam seat cushlons for the automotive and aerospace Industries. The company's activity-based costing system has four activity cost pools, which are listed below along with their activity measures and activity rates:Activity Cost PoolSupporting direct laborBatch processingOrder processingCustomer serviceActivity MeasureNumber of direct labor-hoursActivity Rate$ 11 per direct labor-hour$ 93 per batch$ 298 per order$ 2,611 per customerNumber of batchesNumber of ordersNumber of customersThe company Just completed a single order from Interstate Trucking for 1,900 custom seat cushlons. The order was producedIn five batches. Each seat cushlon required 0.4 direct labor-hours. The selling price was $142.20 per unit, the direct materialscost was $111 per unit, and the direct labor cost was $14.60 per unit. This was Interstate Trucking's only order during the year.Required:Calculate the customer margin on sales to Interstate Trucking for the year.Interstate TruckingCustomer Margin-ABC AnalysisCosts:Customer margin

Name: Klumper Corporation Is a diversified manufacturer of Industrial goods
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Description: Klumper Corporation Is a diversified manufacturer of Industrial goods. The company's activity-based costing system contalnsthe following stx activity cost pools and activity rates:Activity Cost PoolSupporting direct laborMachine processingMachine se

Overheads are the indirect expenses which are not traceable directly on the cost object.

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Klumper Corporation is a divers the following stx activity cost pools and activity rates: manufacturer of Industrial goods. The company's activity-oased costing system contalns Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity Rates $8 per direct labor-hour $ 3 per machine-hour $ 35 per setup $ 160 per order $ 120 per shipment $ 875 per product Activity data have been supplied for the following two products: Total Expected Activity K425 200 1,025 3,400 13 13 26 2 M67 Number of units produced per year Direct labor-hours 2,000 50 40 Machine-hours Machine setups Production orders 2 Shipments Product sustaining Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system?

Klumper Corporation is a divers the following stx activity cost pools and activity rates: manufacturer of Industrial goods. The company's activity-oased costing system contalns Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity Rates $8 per direct labor-hour $ 3 per machine-hour $ 35 per setup $ 160 per order $ 120 per shipment $ 875 per product Activity data have been supplied for the following two products: Total Expected Activity K425 200 1,025 3,400 13 13 26 2 M67 Number of units produced per year Direct labor-hours 2,000 50 40 Machine-hours Machine setups Production orders 2 Shipments Product sustaining Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system?

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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Larner Corporation is a diversified manufacturer of industrial goods. Ine company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Labor-related Machine-related Machine setups Production orders Shipments General factory Activity Rates $ 9.00 per direct labor-hour $ 4.00 per machine-hour $70.00 per setup $ 200.00 per order $ 130.00 per shipment $ 4.00 per direct labor-hour Cost and activity data have been supplied for the following products: Direct materials cost per unit Direct labor cost per unit Number of units produced per year 378 $ 4.50 B52 $ 46.00 $ 3.25 4,000 $ 4.00 500 Total Expected Activity 378 B52 Direct labor-hours 1,500 50 Machine-hours 2,400 50 Machine setups 3 2 Production orders 4 2 Shipments 9 2 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Prev 3 of 6 Novt C
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups $ 40 per setup Production orders $ 150 per order Shipments $ 120 per shipment Product sustaining $ 800 per product Activity data have been supplied for the following two products: Number of units produced per year Direct labor-hours Machine-hours Machine setups Production orders Shipments Product sustaining Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Total overhead cost $ Activity Rate $10 per direct labor-hour $ 3 per machine-hour K425 0 Total Expected Activity K425 M67 2,000 Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system? $ 200 975 2,600 7 7 14 2 M67 50 40 0 2 2 2 2
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Larner Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Labor-related Machine-related Machine setups Production orders Shipments General factory $ 120.00 per shipment $ 10.00 per direct labor-hour Cost and activity data have been supplied for the following products: Direct labor-hours Machine-hours Machine setups Production orders Shipments Activity Rates $ 6.00 per direct labor-hour $ 10.00 per machine-hour Direct materials cost per unit Direct labor cost per unit Number of units produced per year $50.00 per setup $ 100.00 per order Unit product cost J78 Total Expected Activity 378 1,400 2,400 8 98 6 B52 30 30 1 1 1 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) B52 J78 $ 4.50 $ 5.00 2,000 B52 $26.00 $6.00 100
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments $115 per shipment Product sustaining $875 per product Activity data have been supplied for the following two products: Number of units produced per year Direct labor-hours Machine-hours Machine setups Production orders Shipments Product sustaining Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Total overhead cost Activity Rates $6 per direct labor-hour $3 per machine-hour $45 per setup $ 160 per order K425 Total Expected Activity K425 M67 2,000 M67 200 1,150 3,200 Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system? 7 7 14 2 50 40 2 2 2 2
Required information [The following information applies to the questions displayed below.] Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity- based costing system has the following seven activity cost pools: Activity Cost Pool Labor-related Machine-related Machine setups Production orders Product testing Packaging General factory Estimated Overhead Cost $ 16,400 $5,000 $ 20,500 $ 19,000 $ 21,700 Predetermined overhead rate $ 36,000 $ 53,600 Expected Activity 10,000 direct labor-hours 10,000 machine-hours per DLH 500 setups 500 orders 700 tests 2. Compute the company's predetermined overhead rate, assuming that the company uses a single plantwide predetermined overhead rate based on direct labor-hours. (Round your answer to 2 decimal places.) 3,600 packages 10,000 direct labor-hours
CanCo Company manufactures a single product. The company keeps careful records of manufacturing activities, from which the following Information has been extracted: Number of units produced Cost of goods manufactured Work-in-process inventory, beginning Work-in-process inventory, ending Direct materials cost per unit Direct labour cost per unit Manufacturing overhead cost, total Manufacturing overhead cost Y= Level of Activity March The company's manufacturing overhead cost consists of both variable and fixed cost elements. To have data available for planning, management wants to determine how much of the overhead cost is variable with units produced and how much of it is fixed per month. $ 5,200 $260,800 31,000 53,000 Required: 1. For both March and June, determine the amount of manufacturing overhead cost added to production. (Hint: A useful way to proceed might be to construct a schedule of cost of goods manufactured.) Cost of goods manufactured Answer is complete but not entirely…
Exercise 7-4 (Algo) Second-Stage Allocation [LO7-4] Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Number of units produced per year Direct labor-hours Activity Rate $ 11 per direct labor-hour $5 per machine-hour $ 45 Production orders Shipments $ 120 per shipment Product sustaining $ 900 per product Activity data have been supplied for the following two products: Machine-hours Machine setups Production orders Shipments Product sustaining per setup $ 160 per order Total Expected Activity K425 M67 2,000 200 1,025 2,600 7 7 14 3 50 40 3 3 3 3 Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system?
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Required information Dierich Company uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity-based costing system: Costs: Manufacturing overhead Selling and administrative expenses Total Distribution of Resource Consumption: Manufacturing overhead Selling and administrative expenses Order Size 15% 60% Activity Cost Pools Other Customer Support 75% 20% 10% 20% $600,000 220.000 $820,000 Total 100% 100% D The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs. You have been asked to complete the first-stage allocation of costs to the activity cost pools.