Please do not give solution in image format thanku Activity-based product costingMello Manufacturing Company is a diversified manufacturer that manufactures three products (Alpha, Beta, and Omega) in a continuous production process. Senior management has asked the controller to conduct an activity-based costing study.The controller identified the amount of factory overhead required by the critical activities of the organization as follows:ActivityProductionSetupMaterials handlingInspectionProduct engineeringTotalThe activity bases identified for each activity are as follows:ActivityProductionSetupMaterials handlingInspectionProduct engineeringThe activity-base usageAlphaBetaOmegaTotalMachineHours1,4401,0807203,240Activity Cost Pool$259,20055,0009,75060,000123,200$507,150Machine hoursNumber of setupsNumber of partsNumber of inspection hoursNumber of engineering hours75quantities and units produced for the three products were determined from corporate records and are as follows:Number of Number of InspectionNumber ofSetupsPartsHours165310Activity Base550325Each product requires 40 minutes per unit of machine time.Required:65801804003005001,200Number ofEngineering Hours125175140440Units1,8001,3509004,050 Omega7201803,240325Each product requires 40 minutes per unit of machine time.TotalProductionRequired:If required, round all per unit amounts to the nearest cent.1. Determine the activity rate for each activity.SetupMaterials handlingInspectionProduct engineering310Alphaper machine hourper setupper partper inspection hour$per engineering hour2. Determine the total and per-unit activity cost for all three products.Total Activity CostBeta550Feedback5001,200$Activity Cost Per Unit1404409004,050Omega3. Why aren't the activity unit costs equal across all three products since they require the same machine time per unit?The unit costs are different because the products consume many activities in ratios different from the volumeCheck My Work1. Calculate Activity Rate for each activity:Budgeted Activity Cost Total Activity-Base Usage = Activity Rate2. Calculate Activity Cost for each product:Activity-Base Usage x Activity rate from Req. (1) = Activity cost; Sum all activity costs per product to determine a total and divide the total overhead by budgeted units to derive the activity costs per unit for each product.

Activity cost is the amount of cost allocated to the activities based on the appropriate cost…

Mello Manufacturing Company is a diversified manufacturer that manufactures three products (Alpha, Beta, and Omega) in a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical activities of the organization as follows: Activity Production Setup Materials handling Inspection Product engineering Total Activity Production The activity bases identified for each activity are as follows: Setup Materials handling Inspection Product engineering Alpha Beta Omega The activity-base usage quantities and units produced for the three products were determined from corporate records and are as follows: Number of Number of Number of Inspection Setups Parts Hours 400 300 500 1,200 Machine Hours 1,440 1,080 Total Activity Cost Pool $259,200 55,000 9,750 60,000 Machine hours Number of setups Number of parts Number of inspection hours Number of engineering hours 75 Activity Base 65 80 720 180 3,240 325 Each product requires 40 minutes per unit of machine time. 123,200 $507,150 165 310 550 Number of Engineering Hours Units 1,800 1,350 900 4,050 125 175 140 440

Mello Manufacturing Company is a diversified manufacturer that manufactures three products (Alpha, Beta, and Omega) in a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical activities of the organization as follows: Activity Production Setup Materials handling Inspection Product engineering Total Activity Production The activity bases identified for each activity are as follows: Setup Materials handling Inspection Product engineering Alpha Beta Omega The activity-base usage quantities and units produced for the three products were determined from corporate records and are as follows: Number of Number of Number of Inspection Setups Parts Hours 400 300 500 1,200 Machine Hours 1,440 1,080 Total Activity Cost Pool $259,200 55,000 9,750 60,000 Machine hours Number of setups Number of parts Number of inspection hours Number of engineering hours 75 Activity Base 65 80 720 180 3,240 325 Each product requires 40 minutes per unit of machine time. 123,200 $507,150 165 310 550 Number of Engineering Hours Units 1,800 1,350 900 4,050 125 175 140 440

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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