7:28 W Woo< 1/6 >口E19-15Learning Objective 1Professional, total OH $477,500Koehler (see Exercise E19-15) makes handheld calculators in two models-basic and professional-and wants to refine its costing system by allocatingoverhead using departmental rates. The estimated $721,000 of manufacturingoverhead has been divided into two cost pools: Assembly Department andPackaging Department. The following data have been compiled:Overhead costsMachine hours:Basic ModelTotalProfessionalModelCAssemblyDepartment$ 456,500185,000 MHr230,000 MHr415,000 MHr1069/1480PackagingDepartment* * * * || 63%QAAWord>Bit$ 264,50045,000 MHr55,000 MHr100,000 MHrTotal$ 721,000230,000MHr285,000MHr515,000b° ||| 0 <:× 7:28 W W OK OK< 1/6 >□E19-15Direct labor hours:Basic ModelProfessionalModelTotal20,000 DLHr105,125 DLHr125,125 DLHrCLearning Objectives 2, 3QAA1069/148050,000 DLHr 70,000 DLHr280,625 DLHrWordBit49 63%Ę330,625 DLHrCompute the predetermined overhead allocation rates using machine hours asthe allocation base for the Assembly Department and direct labor hours for thePackaging Department. How much overhead is allocated to the basic model? Tothe professional model? Round allocation rates to two decimal places andallocated costs to whole dollars.Note: Exercises E19-15 and E19-16 must be completed before attemptingExercise E19-17.385,750DLHrE19-17 Computing and using activity-based costing overhead allocation rates455,750DLHrb° ||| 0 <:×

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Description: 7:28 W Woo 口E19-15Learning Objective 1Professional, total OH $477,500Koehler (see Exercise E19-15) makes handheld calculators in two models-basic and professional-and wants to refine its costing system by allocatingoverhead using departmental

The departmental overhead rate is calculated as departmental overhead Costs divided by estimated…

Business

Accounting

Koehler (see Exercise E19-15 ) makes handheld calculators in two models- basic and professional-and wants to refine its costing system by allocating overhead using departmental rates. The estimated $721,000 of manufacturing overhead has been divided into two cost pools: Assembly Department and Packaging Department. The following data have been compiled: Overhead costs Machine hours: Basic Model Professional Model Total Assembly Department $ 456,500 185,000 MHr 230,000 MHr 415,000 MHr Packaging Department $264,500 45,000 MHr 55,000 MHr 100,000 MHr Total $ 721,000 230,000 MHr 285,000 MHr 515,000

Koehler (see Exercise E19-15 ) makes handheld calculators in two models- basic and professional-and wants to refine its costing system by allocating overhead using departmental rates. The estimated $721,000 of manufacturing overhead has been divided into two cost pools: Assembly Department and Packaging Department. The following data have been compiled: Overhead costs Machine hours: Basic Model Professional Model Total Assembly Department $ 456,500 185,000 MHr 230,000 MHr 415,000 MHr Packaging Department $264,500 45,000 MHr 55,000 MHr 100,000 MHr Total $ 721,000 230,000 MHr 285,000 MHr 515,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 5PB: Wrappers Tape makes two products: Simple and Removable. It estimates it will produce 369,991 units...

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of 3 bok nt ant ences Required information Gable Company uses three activity pools. Each pool has a cost driver. Information for Gable Company follows: Activity Pools Machining Designing costs Setup costs Number of machine hours Number of design hours. Number of batches Total Cost of Pool $ 222,420 55,900 72,726 Product A Product B Product C Cost Driver Number of machine hours Number of design hours Number of batches Suppose that Gable Company manufactures three products, A. B, and C. Information about these products follows: Product A 24,000 Product C 9,400 2,600 60 2,400 265 Total Overhead Assigned Product B 34,000 1,500 180 Required: 1. Using activity proportions, determine the amount of overhead assigned to each product. Note: Do not round your intermediate calculations. Round your final answers to nearest whole number. Estimated Cost Driver 67,400 6,500
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Assume a service company has implemented an activity-based costing system with five activities as shown below: Activity Cost Pool (Activity Measure) Customer deliveries (Number of deliveries) Manual order processing (Number of manual orders) Electronic order processing (Number of electronic orders) Line item picking (Number of line items picked) Other organization-sustaining costs (None) Total Cost Total Activity $ 400,000 $ 280,000 $ 150,000 $ 450,000 $ 300,000 8,000 deliveries 5,000 manual orders 15,000 electronic orders 375,000 line items The company serves numerous customers, two of which include Hospital A and Hospital B. The activity demands pertaining to these two customers are as follows: Activity Hospital A Hospital B Activity Measure Number of deliveries Number of manual orders Number of electronic orders Number of line items picked 8. 25 30 15 0. 115 250 How much total activity cost should be assigned to Hospital A for internal management purposes? Multiple Choice $785 <…
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