One of Melman Company's activity cost pools is inspecting, with an estimated overhead of $100,000. Melman produces throw rugs (700 inspections) and area rugs (1,300 inspections). How much of the inspecting cost pool should be assigned to throw rugs? A) $35,000. B) $50,000. C) $53,846. D) $100,000.
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- The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?Box Springs. Inc., makes two sizes of box springs: queen and king. The direct material for the queen is $35 per unit and $55 is used in direct labor, while the direct material for the king is $55 per unit, and the labor cost is $70 per unit. Box Springs estimates it will make 4,300 queens and 3,000 kings in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?Box Springs, Inc., makes two sizes of box springs: twin and double. The direct material for the twin is $25 per unit and $40 s used in direct labor, while the direct material for the double is $40 per unit, and the labor cost is $50 per unit. Box Springs estimates it will make 5,000 twins and 9,000 doubles in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?
- The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?One of Swifty companies activity cost pools is inspection, which has estimated overhead cost of $220,000. Swifty produces throw rugs, 700 inspections in area rugs, 1300 inspections. What amount of the inspecting activity cost pool should be assigned to throw rugs?I need answer of this question
- To make a batch of 1,000 units of a certain item, it is estimated that 120 direct labor hours are required at a cost of $10/hour. Direct material costs are estimated at $1,500 per batch. The overhead costs are calculated based on an overhead rate of $7.50 per direct labor hour. The item can be readily purchased from a local vendor for $4 per unit. a. Should the item be made or purchased? b. Over what range of overhead rate is your answer in part a valid?Can you please give answer the general accounting question?So Hum has two product lines: hand poured candles and DIY candle kits. The company assigns $100,000 in manufacturing overhead costs to three cost pools: inspections, set up and materials handling. $30,000 has been assigned to inspections, $55,000 to set up and $15,000 to materials handling. Additional information about each product line is below: Hand poured candle 325,000 225,000 55,000 16,000 DIY candle kit $4 $ 24 24 190,000 96,000 Sales revenue Direct labor and materials costs Units produced and sold Machine set ups 15,000 6,000 500 Square feet of production space Material orders received 1,500 225 75 1,750 250 Quality control inspection hours a. Using activity cost pools, compute the product cost per unit of hand poured candles. b. Assume the company uses only machine set ups to allocate overhead costs (job costing). Compute the product cost per unit of the hand poured candles. a. Unit product cost b. Unit product cost
- Sebastian Company manufactures and sells sportswear products. Sebastian uses activity-based costing to determine the cost of the customer return processing and shipping activities. The customer return processing activity has an activity rate of $60 per return, and the shipping activity has an activity rate of $20 per shipment. Sebastian shipped 4,000 units of Product 1 in 800 shipments (some shipments are more than one unit). There were 90 returns. What is the per-unit customer cost for the combined shipping and return activities of Product 1? a.$1.38 per unit b.$80 per unit c.$5.35 per unit d.$359.55 per unitHo Cabinet Company has developed the following overhead cost formulas: Overhead Cost Cost Formula Depreciation $600 Lubrication $150 plus $0.70 per machine hour Utilities $0.50 per machine hour Based on these cost formulas, the total overhead cost expected for Ho Cabinet Company if 1,200 machine hours are worked is:Customs makes two types of hats: polyester (poly) and silk. There are two cost pools: setup, with an estimated $100,000 in overhead, and inspection, with $26,000 in overhead. Poly is estimated to have 750,000 setups and 140,000 inspections, while silk has 250,000 setups and 60,000 inspections. Complete the table below to determine how much overhead is applied to each product? PLEASE NOTE: All cost pool activity rates will be rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56). The cost pool activity rates will NOT include a label. The dollar amount is rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Activity Activity Rate for Poly Poly Applied OH Activity Rate for Silk Silk Applied OH Setup Inspection Total
