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Meester Corporation has an activity-based costing system with three activity cost pools-Machining, Order Filling, and Other in the first stage allocations, costs in the two overhead accounts, equipment depreciation and supervisory expense, are allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Overhead costs: Equipment depreciation Supervisory expense $ 86,300 $ 7,400 Distribution of Resource Consumption Across Activity Cost Pools: Equipment depreciation Supervisory expense Activity Cost Pools Product MO Product H2 Total Machining Order Filling 0.60 0.60 0.30 0.20 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: MHS (Machining) 1,960 9,260 11,220 Other 0.10 0.20 Orders (Order Filling) 1,040 1,430 2,470 R What is the overhead cost assigned to Product H2 under activity-based costing? (Round your intermediate calculations to 2 decimal places) QQ ស

Meester Corporation has an activity-based costing system with three activity cost pools-Machining, Order Filling, and Other in the first stage allocations, costs in the two overhead accounts, equipment depreciation and supervisory expense, are allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Overhead costs: Equipment depreciation Supervisory expense $ 86,300 $ 7,400 Distribution of Resource Consumption Across Activity Cost Pools: Equipment depreciation Supervisory expense Activity Cost Pools Product MO Product H2 Total Machining Order Filling 0.60 0.60 0.30 0.20 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: MHS (Machining) 1,960 9,260 11,220 Other 0.10 0.20 Orders (Order Filling) 1,040 1,430 2,470 R What is the overhead cost assigned to Product H2 under activity-based costing? (Round your intermediate calculations to 2 decimal places) QQ ស

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Meester Corporation has an activity-based costing system with three activity cost pools-Machining, Order Filling, and Other in the first stage allocations, costs in the two overhead accounts, equipment depreciation and supervisory expense, are allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Overhead costs: Equipment depreciation Supervisory expenne $ 86,300 $ 7,400 Distribution of Resource Consumption Across Activity Cost Pools: Equipment depreciation Supervisory expense Activity Cost Pools Product MO Product H2 Total Machining Order Filling 0.60 0.60 0.30 0.20 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: MHS (Machining) 1,960 9,260 11,220 Other 0.10 0.20 Orders (Order Filling) 1,040 1,430 2,470 R What is the overhead cost assigned to Product H2 under activity-based costing? (Round your intermediate calculations to 2 decimal places) QQ D
Transcribed Image Text:Meester Corporation has an activity-based costing system with three activity cost pools-Machining, Order Filling, and Other in the first stage allocations, costs in the two overhead accounts, equipment depreciation and supervisory expense, are allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Overhead costs: Equipment depreciation Supervisory expenne $ 86,300 $ 7,400 Distribution of Resource Consumption Across Activity Cost Pools: Equipment depreciation Supervisory expense Activity Cost Pools Product MO Product H2 Total Machining Order Filling 0.60 0.60 0.30 0.20 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: MHS (Machining) 1,960 9,260 11,220 Other 0.10 0.20 Orders (Order Filling) 1,040 1,430 2,470 R What is the overhead cost assigned to Product H2 under activity-based costing? (Round your intermediate calculations to 2 decimal places) QQ D
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