ndenccinstructure.com/courses/3788/assignments/35969Question 19View Policies-/1Current Attempt in ProgressBangor Company manufactures two products, Velveeto and Fondant. Bangor has estimated overhead costs as follows: setting up machines($160,000), machining ($300,000) and inspecting ($100,000). Information on the two products follows:Velveeto FondantDirect labor hours60,000100,000Machine setups2,4001,600Machine hours96,000 104,000Inspections3,2002,800Overhead is applied to Fondant using direct labor hours. What is the total amount of overhead charged to this product line using traditionalcosting?$280,000O $210,000$350,000O $105,0002:29 PM10/13/2019e

Compute overhead rate using traditional method as shown below:

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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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Table 2Activity Cost Pool Total Cost Total ActivityAssembly $ 1,114,920 57,000 machine-hoursProcessing orders $ 47,016 1,800 ordersInspection $ 107,328 1,560 inspection-hours Use Table 2 to answer this question. XYZ Corporation has provided the following data from its activity-based costing system (Table 2). The company makes 430 units of product ABA a year, requiring a total of 1,120 machine-hours, 35 orders, and 40 inspection-hours per year. The product's direct materials cost is $49.81 per unit and its direct labor cost is $12.34 per unit. The product sells for $130 per unit. According to the activity-based costing system, the product margin for product ABA is: Select one: a. $4,290.10. b. $3,815.50. c. none of the given answer. d. $4,159.50. e. $3,602.10.
PROBLEM 1: UVW Company produces three products. Production and cost information is as follows: Model A1 2,000 4,000 100 Model B2 Units produced Direct labor hours Number of setups Number of shipments Engineering change orders. Overhead costs include setups P 45,000, shipping costs P 70,000, and engineering costs, P 90,000. 1. What would be the overhead cost per unit for Model A1 if traditional costing were used? 2. What would be the overhead cost per unit for B2 if activity-based costing (ABC) were used? 200 15 Model C3 6,000 2,000 150 225 10 12,000 4,000 250 275 5 ||
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Course: Accounting for Decision Making and Control The West Point plan of Walkers Electronics Company has the following standards for component C91: Standards: Material 2 units of material B Material Price $10 per unit of B Direct labor 1 hour Wage rate $10 per direct labour hour Variable support cost rate $25 per direct labour hour Actual results for March Used 4,200 units of B, purchased at $9.75 per unit of B Paid for 2,000 direct labour hours at $11 per hour Incurred $48,000 of variable support costs Manufactured 2,000 units of component C91 Required: Determine any (5) five of following variances for March: Total direct material…
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Estimated Estimated Cost Drivers Activity Cost Overhead Street Mountain Pools Costs Tires Tires Machine set ups $ 90,000 150 350 Assembling $500,000 25,000 15,000 Inspection $400,000 180 320 Question Using the activity-based costing approach, determine the applied overhead rates for Darter Company.
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Make-or-Buy, Traditional Analysis Wehner Company is currently manufacturing Part ABS-43, producing 59,400 units annually. The part is used in the production of several products made by Wehner. The cost per unit for ABS-43 is as follows: Direct materials $44.35 Direct labor 9.45 Variable overhead 2.50 Fixed overhead 3.65 Total $59.95 Of the total fixed overhead assigned to ABS-43, $11,939 is direct fixed overhead (the annual lease cost of machinery used to manufacture Part ABS-43), and the remainder is common fixed overhead. An outside supplier has offered to sell the part to Wehner for $56.14. There is no alternative use for the facilities currently used to produce the part. No significant non-unit-based overhead costs are incurred. Required: 1. Should Wehner Company make or buy Part ABS-43?Wehner should the part. This will produce total cost savings of $ 2. What is the maximum amount per unit that Wehner would be willing to pay to an outside supplier? Round your…
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