Nile Corp. has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year:Cost PoolSupervision of direct laborOverhead CostsCost driveActivity level$400,000Direct labor - hours800,000Machine maintenance$108,000Machine - hours900,000Facility rent$228,000Square feet of area120,000Total overhead costs$736,000The accounting records show the Mossman Job consumed the following resources:Cost driverActual levelDirect labor - hours260Machine - hours2,000Square feet of area60Using the three cost pools to allocate overhead costs, what is the total amount of overhead costs to be allocated to the Mossman Job?O A. $478.00O B. $462.80OC. $17,218.25O D. $484.00

Name: Nile Corp. has identified three cost pools to allocate overhead costs
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Description: Nile Corp. has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year:Cost PoolSupervision of direct laborOverhead CostsCost driveActivity level$400,000Direct labor - hours800,000Machine main

Activity-based costing is a method of costing that identifies activities in business that incurs…

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Nile Corp. has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year: Cost Pool Supervision of direct labor Machine maintenance Overhead Costs $400,000 $108,000 Facility rent $228,000 Total overhead costs $736,000 The accounting records show the Mossman Job consumed the following resources: Cost driver Direct labor - hours Actual level 260 Machine - hours 2,000 Square feet of area 60 Using the three cost pools to allocate overhead costs, what is the total amount of overhead costs to be allocated to the Mossman Job?

Nile Corp. has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year: Cost Pool Supervision of direct labor Machine maintenance Overhead Costs $400,000 $108,000 Facility rent $228,000 Total overhead costs $736,000 The accounting records show the Mossman Job consumed the following resources: Cost driver Direct labor - hours Actual level 260 Machine - hours 2,000 Square feet of area 60 Using the three cost pools to allocate overhead costs, what is the total amount of overhead costs to be allocated to the Mossman Job?

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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