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North Company designs and manufactures machines that facilitate DNA sequencing. Depending on the intended purpose of each machine and its functions, each machine is likely to be unique. The job costing system in its Norfolk plant has five activity cost pools, in addition to direct materials and direct labor. Job TPY-2306 requires 1,000 printed-circuit boards. The cost per board that passes the final inspection is $240. On average, only 50% of the completed units pass the final inspection. The prime costs per completed board include $25 for direct materials and $7 for direct labor. Required: Information pertaining to manufacturing overhead for printed-circuit boards follows: Fill in the missing amount. (Round your answers to 2 decimal places.) Activity Axial insertion Hardware insertion Hand load Masking Final test Cost Driver Number of axial insertions Number of hardware insertions Boothroyd time Number of points masked Test time Activity Driver Rate $ 0.23 4.00 0.18 Activity Consumption Overhead Factory per Board per Board 29.00 8.00 80.00 20.00 60.40 60.64 10.00

North Company designs and manufactures machines that facilitate DNA sequencing. Depending on the intended purpose of each machine and its functions, each machine is likely to be unique. The job costing system in its Norfolk plant has five activity cost pools, in addition to direct materials and direct labor. Job TPY-2306 requires 1,000 printed-circuit boards. The cost per board that passes the final inspection is $240. On average, only 50% of the completed units pass the final inspection. The prime costs per completed board include $25 for direct materials and $7 for direct labor. Required: Information pertaining to manufacturing overhead for printed-circuit boards follows: Fill in the missing amount. (Round your answers to 2 decimal places.) Activity Axial insertion Hardware insertion Hand load Masking Final test Cost Driver Number of axial insertions Number of hardware insertions Boothroyd time Number of points masked Test time Activity Driver Rate $ 0.23 4.00 0.18 Activity Consumption Overhead Factory per Board per Board 29.00 8.00 80.00 20.00 60.40 60.64 10.00

FINANCIAL ACCOUNTING
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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North Company designs and manufactures machines that facilitate DNA sequencing. Depending on the intended purpose of each machine and its functions, each machine is likely to be unique. The job costing system in its Norfolk plant has five activity cost pools, in addition to direct materials and direct labor. Job TPY-2306 requires 1,000 printed-circuit boards. The cost per board that passes the final inspection is $240. On average, only 50% of the completed units pass the final inspection. The prime costs per completed board include $25 for direct materials and $7 for direct labor. Required: Information pertaining to manufacturing overhead for printed-circuit boards follows: Fill in the missing amount. (Round your answers to 2 decimal places.) Activity Axial insertion Hardware insertion Hand load Masking Final test Cost Driver Number of axial insertions Number of hardware insertions Boothroyd time Number of points masked Test time Activity Driver Rate $ 0.23 4.00 0.18 Activity Consumption Overhead Factory per Board per Board 29.00 8.00 80.00 20.00 60.40 60.64 10.00
Transcribed Image Text:North Company designs and manufactures machines that facilitate DNA sequencing. Depending on the intended purpose of each machine and its functions, each machine is likely to be unique. The job costing system in its Norfolk plant has five activity cost pools, in addition to direct materials and direct labor. Job TPY-2306 requires 1,000 printed-circuit boards. The cost per board that passes the final inspection is $240. On average, only 50% of the completed units pass the final inspection. The prime costs per completed board include $25 for direct materials and $7 for direct labor. Required: Information pertaining to manufacturing overhead for printed-circuit boards follows: Fill in the missing amount. (Round your answers to 2 decimal places.) Activity Axial insertion Hardware insertion Hand load Masking Final test Cost Driver Number of axial insertions Number of hardware insertions Boothroyd time Number of points masked Test time Activity Driver Rate $ 0.23 4.00 0.18 Activity Consumption Overhead Factory per Board per Board 29.00 8.00 80.00 20.00 60.40 60.64 10.00
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