O&G Company manufactures console tables and uses an activity-based costing system to allocate all manufacturing conversion costs. Each console table consistsof 40 separate parts totaling $250 in direct materials and requires 5.0 hours of machine time to produce. Additional information follows:ActivityMaterials handlingAllocation BaseNumber of partsMachine hoursNumber of partsNumber of finished unitsMachiningAssemblingPackagingWhat is the number of finished console tables?OA 200OB. 467OC. 25OD. Cannot be determined from the information givenCost Allocation Rate$3.00 per part$4.80 per machine hour$1.00 per part$4.00 per finished unit

Name: O&G Company manufactures console tables and uses an activity-based co
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: O&G Company manufactures console tables and uses an activity-based costing system to allocate all manufacturing conversion costs. Each console table consistsof 40 separate parts totaling $250 in direct materials and requires 5.0 hours of machine tim

Under Activity base costing manufacturing overhead cost to product is more appropriate than…

Business

Accounting

of 40 separate parts totaling $250 in direct materials and requires 5.0 hours of machine time to produce. Additional information follows Activity Cost Allocation Rate Materials handling Allocation Base Number of parts Machine hours $3.00 per part $4.80 per machine hour $1.00 per part $4.00 per finished unit Machining Assembling Packaging What is the number of finished console tables? Number of parts Number of finished units OA 200 OB. 467 OC. 25 OD. Cannot be determined from the information given

of 40 separate parts totaling $250 in direct materials and requires 5.0 hours of machine time to produce. Additional information follows Activity Cost Allocation Rate Materials handling Allocation Base Number of parts Machine hours $3.00 per part $4.80 per machine hour $1.00 per part $4.00 per finished unit Machining Assembling Packaging What is the number of finished console tables? Number of parts Number of finished units OA 200 OB. 467 OC. 25 OD. Cannot be determined from the information given

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Question 4 ABC Manufacturing uses activity-based costing. Each product consists of 20 separate parts totaling $95 in direct materials, and requires 2.5 hours of machine time to produce. Additional information is as follows: Acitivity Materials handling Machine operations Assembling Packaging Allocation Base Number of parts Number of hours Number of parts Number of completed products $0.09 $5.22 $0.35 $2.00 Cost Allocation Rate What is the cost of materials handling per product? Enter your response with two decimals but without a comma or $ sign.
please read the first picture and answer questions on the second page. Thanks for your time
A-5
Please do not give solution in image format thanku
Solution With Details and Do not Give solution in images format
Please help me with show all calculation thanku
Process Assembly Finishing Support Activity Machining Setups Budgeted Cost $311,800 Activity Cost Driver Activity Usage Machine hours (MH) 7,600 24,000 $335,800 Setups 240 Inspecting Purchasing $ 224,000 Inspections 800 $ 130,000 Purchase orders 540 Additional production information concerning its two models follows. Units and Activities Units produced Machine hours Setups Inspections Purchase orders Per Unit Selling price per unit Direct materials cost per unit Direct labor cost per unit Model X Model Z 2,000 4,000 2,200 5,400 80 160 540 260 360 180 Model X $410 Model Z $ 390 160 110 145 160 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit).
Q. 2 Índigo manufacturing has five activity cost pools and two products ( a budget tape vacuum and a deluxe tape vacuum). Information is presented below:
Lovell Variety Seeds mass produces wildflower seed packs. Relevant information used for the process costing system is provided below: Beginning physical units 2,300 Physical units started 22,600 Units in ending WIP 9,500, 40% complete Beginning costs $3,100 Added direct materials costs $12,000 Added direct labor costs $19,500 Added manufacturing overhead costs $8,600 What is the costs completed and transferred out? Please round your answer to the nearest whole dollar.
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P $ 22,360 $36,120 Manufacturing overhead applied 2,970 1,030 4,000 Job P Job Q $ 13,760 $ 12,900 1,380 1,500 2,880 Job Q Molding 4,300 $ 17,200 $ 1.40 Fabrication 2,580 $25,800 $ 43,000 6,880 $ 2.20 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questions 10 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. Total 11. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not…
Please do not give solution in image format thanku
1