Metal Company budgeted $568,000 manufacturing direct wages, 3,000 direct labor hours, and had the following manufacturing overhead: Budgeted Overhead Budgeted Level for Cost Overhead Cost Pool Cost Driver Overhead Cost Driver Materials handling $ 225,000 Weight of materials Number of setups 4,500 pounds Machine setup 15,600 520 setups Machine repair Inspections 1,650 33,000 machine hours Machine hours 17,400 290 inspections Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor 25 hours Direct materials 180 pounds Machine setup 40 setups Machine hours 16,300 machine hours 15 inspections Inspections Using Activity-Based Costing, overhead cost assigned to Job #971 for machine setup is:
Metal Company budgeted $568,000 manufacturing direct wages, 3,000 direct labor hours, and had the following manufacturing overhead: Budgeted Overhead Budgeted Level for Cost Overhead Cost Pool Cost Driver Overhead Cost Driver Materials handling $ 225,000 Weight of materials Number of setups 4,500 pounds Machine setup 15,600 520 setups Machine repair Inspections 1,650 33,000 machine hours Machine hours 17,400 290 inspections Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor 25 hours Direct materials 180 pounds Machine setup 40 setups Machine hours 16,300 machine hours 15 inspections Inspections Using Activity-Based Costing, overhead cost assigned to Job #971 for machine setup is:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please refer to the images below. Thank you!
Transcribed Image Text:Multiple Choice
$2,570.
$900.
$9,000.
$815.
$1,200.
Transcribed Image Text:Metal Company budgeted $568,000 manufacturing direct wages, 3,000 direct labor hours, and had the following manufacturing overhead:
Budgeted Overhead
Budgeted Level for Cost
Overhead Cost Pool
Cost
Driver
Overhead Cost Driver
$ 225,000
Materials handling
Machine setup
Machine repair
Weight of materials
Number of setups
4,500 pounds
15,600
1,650
520 setups
33,000 machine hours
290 inspections
Machine hours
Inspections
17,400
Number of inspections
Requirements for Job #971 which manufactured 4 units of product:
Direct labor
25 hours
Direct materials
180 pounds
Machine setup
40 setups
Machine hours
16,300 machine hours
15 inspections
Inspections
Using Activity-Based Costing, overhead cost assigned to Job #971 for machine setup is:
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