Do not give answer in image Large, Inc., manufactures and sells two products: Product 7ER and Product TB12. The company has an activity-based costing system with the followingactivity cost pools, activity measures, and expected activity:Activity Cost PoolsLabor-related.Production ordersOrder sizeMultiple Choice$495,403ActivityMeasuresDLHSordersMHS$836,140EstimatedOverheadCost$ 121, 10057,110893,250$1,071,460.Expected ActivityProduct 7ER6,0007003,000ProductTB123,0005002,800The total overhead applied to Product TB12 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.)Total9,0001,2005,800 Labor-relatedProduction ordersOrder sizeMultiple ChoiceO $495,403$836,140$950,360DLHSordersMHSThe total overhead applied to Product TB12 under activity-based costing is closest to: (Round your intermediate calculat$431,228$ 121,10057,110893,250$1,071,4606,0007003,0003,0005002,8009,0001,2005,800

Overhead is the amount of cost incurred by the entity for the purpose of making the goods. It…

Large, Inc., manufactures and sells two products: Product 7ER and Product TB12. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Cost Pools Labor-related Production orders Order size Multiple Choice O $495,403 Activity Measures DLHS orders MHS $836540 Estimated Overhead Cost $ 121,100 57,110 893,250 $1,071,460 Expected Activity Product 7ER 6,000 700 3,000 The total overhead applied to Product TB12 under activity-based costing is closest to: (Round your intermediate calculations to 2 to 2 decimal places) Product TB12 3,000 500 2,800 Total 9,000 1,200 5,800

Large, Inc., manufactures and sells two products: Product 7ER and Product TB12. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Cost Pools Labor-related Production orders Order size Multiple Choice O $495,403 Activity Measures DLHS orders MHS $836540 Estimated Overhead Cost $ 121,100 57,110 893,250 $1,071,460 Expected Activity Product 7ER 6,000 700 3,000 The total overhead applied to Product TB12 under activity-based costing is closest to: (Round your intermediate calculations to 2 to 2 decimal places) Product TB12 3,000 500 2,800 Total 9,000 1,200 5,800

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 4P: Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2....

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Vanvalkenburg. Inc., manufactures and sells two products: Product GQ5 and Product JO. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Overhead Activity Cost Pools Measures Cost Product Q5 Product JØ Total Labor-related DLHS $191,748 70,536 295,592 Production orders 3,000 2,800 5,800 orders 300 500 800 Order size MHs 4,300 4,500 8,800 $557,876 The activity rate for the Order Size activity cost pool under activity-based costing is closest to: Multiple Cholce $36.23 per MH $68.48 per MH $96.19 per MH
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Privott, Inc., manufactures and sells two products: Product Z9 and Product N0. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Cost Pools Activity Measures Overhead Cost Product Z9 Product N0 Total Labor-related DLHs $ 327,018 6,700 3,300 10,000 Product testing tests 47,247 550 650 1,200 Order size MHs 472,608 4,300 4,600 8,900 $ 846,873 The activity rate for the Labor-Related activity cost pool under activity-based costing is closest to: Multiple Choice A. $72.69 per DLH B. $705.73 per DLH C. $85.90 per DLH D. $32.70 per DLH
A company manufactures and sells two products: Product T8 and Product P4. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Strama, Inc., manufactures and sells two products: Product A6 and Product 15. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity Estimated Expected Activity Activity Overhead Activity Cost Pools Labor-related Production orders Measures Cost $181,138 39,624 173,147 Product A6 Product I5 1,800 Total DLHS 7,200 400 9,000 orders 600 1,000 Order size MHS 4,600 4,700 9,300 $393,909 The activity rate for the Order Size activity cost pool under activity-based costing is closest to: Multiple Cholce $23.74 per MH $100.63 per MH $43.77 per MH 自。 92 F AQI 61 ype here to search DELL
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Weirick, Incorporated, manufactures and sells two products: Product T8 and Product P4. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Cost Pools Activity Measures Estimated Overhead Cost Expected Activity Product T8 Product P4 Total Labor-related DLHs $ 134,500 9,600 4,800 14,400 Production orders orders 63,430 1,300 200 1,500 Order size MHs 992,100 3,100 3,900 7,000 $ 1,190,030 The total overhead applied to Product P4 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $928,670 $552,747 $606,037 $1,055,530
Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2. Determine the cost to be charged to the product for the year. 3. Determine the cost to be charged to factory overhead for the year. 4. Determine the plotted data points using Chart Wizard. 5. Determine R2. 6. How do these solutions compare to the solutions in P4-2 and P4-3? 7. What does R2 tell you about this cost model?
Sanford, Inc., has developed value-added standards for four activities: purchasing parts, receiving parts, moving parts, and setting up equipment. The activities, the activity drivers, the standard and actual quantities, and the price standards for 20x1 are as follows: The actual prices paid per unit of each activity driver were equal to the standard prices. Required: 1. Prepare a cost report that lists the value-added, non-value-added, and actual costs for each activity. 2. Which activities are non-value-added? Explain why. Also, explain why value-added activities can have non-value-added costs.
Ayala Inc. has conducted the following analysis related to its product lines, using a traditional costing system (volume-based) and an activity-based costing system. Both the traditional and the activity-based costing systems include direct materials and direct labor costs. Total Costs Products Sales Revenue Traditional АВС Product 540X $ 202,000 $ 59,000 $ 45,900 Product 137Y 172,000 52,000 41,000 Product 2495 84,000 17,000 41,100 X Your answer is incorrect. For each product line, compute operating income using the traditional costing system. Product 540X S 143760 Product 137Y 109610 Product 2495 71900 eTextbook and Media Solution X Your answer is incorrect. For each product line, compute operating income using the activity-based costing system. Product 540X 24 152680 Product 137Y 119410 Product 2495 24 59180 %24 %24
Chrzan, Incorporated, manufactures and sells two products: Product EO and Product NO. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Product E0 Product Ne Total direct labor-hours Activity Cost Pools Labor-related Production orders Order size The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Overhead Cost Multiple Choice $33.94 per MH $54.20 per MH Direct Expected Labor-Hours Production Per Unit 10.1 410 1,550 9.1 $51.98 per MH $21.40 per MH Activity Measures DLHS orders MHs Total Direct Labor- Hours $ 301,890 61,087 585,366 $948,343 The activity rate for the Order Size activity cost pool under activity-based costing is closest to: 4,141 14, 105 18,246 Product E 4,141 850 5,550 Expected Activity Product NO 14, 105 950 5,250 Total 18,246 1,800 10,800