Ef 418. Lysiak Corporation uses an activity based costing system to assign overhead costs to products. In the first stage, two overhead costs-equipment depreciation and supervisory expense-are allocated tothree activity cost pools-Machining, Order Filling, and Other-based on resource consumption. Data to perform these allocations appear below.Overhead costs:Equipment depreciation -Supervisory expense$ 47,000$ 6,000Distribution of Resource Consumption Across Activity Cost PoolsEquipment depreciationSupervisory expenseActivity Coat PoolsMachining Order Filling0.600.60Product C9Product 00Total0.100.20In the second stage, Machining costs are assigned to products using machine-hours (MHS) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activitycost pool are not assigned to products. Activity data for the company's two products followActivity:Other0.300.20Orders (OrderFilling)2008001,000Mis (Machining)6,9003,10010,000What is the overhead cost assigned to Product C9 under activity based costing?

Under activity-based costing different overhead rates are calculated for each activity instead of a…

Lysiak Corporation uses an activity based costing system to assign overhead costs to products. In the first stage, two overhead costs-equipment depreciation and supervisory expense-are allocated three activity cost pools-Machining, Order Filling, and Other-based on resource consumption. Data to perform these allocations appear below Overhead costas Equipment depreciation Supervisory expense $ 47,000 $ 6,000 Distribution of Resource Consumption Across Activity Cost Pools: Equipment depreciation Supervisory expense Machining 0.60 0.60 Activity Coat Pools Order Filling Product C9 Product 00 Total 0.10 0.20 Other 0.30 0.20 In the second stage, Machining costs are assigned to products using machine-hours (MHS) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow Activity: Orders (Order Filling) Mits (Machining) 6.900 200 3,100 BOO 10,000 1,000 What is the overhead cost assigned to Product C9 under activity based costing?

Lysiak Corporation uses an activity based costing system to assign overhead costs to products. In the first stage, two overhead costs-equipment depreciation and supervisory expense-are allocated three activity cost pools-Machining, Order Filling, and Other-based on resource consumption. Data to perform these allocations appear below Overhead costas Equipment depreciation Supervisory expense $ 47,000 $ 6,000 Distribution of Resource Consumption Across Activity Cost Pools: Equipment depreciation Supervisory expense Machining 0.60 0.60 Activity Coat Pools Order Filling Product C9 Product 00 Total 0.10 0.20 Other 0.30 0.20 In the second stage, Machining costs are assigned to products using machine-hours (MHS) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow Activity: Orders (Order Filling) Mits (Machining) 6.900 200 3,100 BOO 10,000 1,000 What is the overhead cost assigned to Product C9 under activity based costing?

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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