Oriole Co. manufactures baseball bats. The company's total overhead consists of assembly costs and inspection costs. The data is available: Cost Pool Wood Aluminum Total Cost Assembly 500 machine hrs. 500 machine hrs. $48000 Inspections 450 inspections 150 inspections 73800 2100 labor hrs. 1900 labor hrs. Total overhead assigned to wood bats assuming a single overhead rate and using activity-based costing, respectively, are O $63945 and $79350. $63945 and $57855. $57855 and $79350. $57855 and $42450.

Oriole Co. manufactures baseball bats. The company's total overhead consists of assembly costs and inspection costs. The data is available: Cost Pool Wood Aluminum Total Cost Assembly 500 machine hrs. 500 machine hrs. $48000 Inspections 450 inspections 150 inspections 73800 2100 labor hrs. 1900 labor hrs. Total overhead assigned to wood bats assuming a single overhead rate and using activity-based costing, respectively, are O $63945 and $79350. $63945 and $57855. $57855 and $79350. $57855 and $42450.

Name: Final Exam (Fall 2020)Question 23 of 50<>View PoliciesCurrent Attempt
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Final Exam (Fall 2020)Question 23 of 50<>View PoliciesCurrent Attempt in ProgressOriole Co. manufactures baseball bats. The company's total overhead consists of assembly costs and inspection costs. Thdata is available:Cost PoolWoodAluminumTotal Cost

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

Blue Ridge Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rate for allocating overhead to products. However, management is considering moving to a multiple department rate system for allocating overhead. The following table presents information about estimated overhead and direct labor hours. Direct Product Overhead Labor Hours (dlh) A Painting Dept. $383,130 12,900 dlh 16 dlh 6 dlh Finishing Dept. 86,034 7,800 16 Totals $469,164 20,700 dlh 21 dlh 22 dlh The overhead from both production departments allocated to each unit of Product A if Blue Ridge Marketing Inc. uses the multiple production department factory overhead rate method is Oa. $11.03 per unit Ob. S354.68 per unit Oc. $29.70 per unit Od. $530.35 per unit
AB Company uses activity based costing and gives you the following data regarding cost pools and estimated overhead cost for each pool. Machine related RO 250,000 Material handling RO 450,000 Purchase related RO 320,000 General factory RO 610,000 The amount of total estimated overhead is: a. RO 1630,000 b. RO 1020,000 c. RO 1380,000 d. RO 930,000
X Inc. a manufacturer of various motorcycles estimated its total overhead cost to be $500,000. The three cost pools identified are machine-related (machine-hours), Production orders (number of orders), and product testing (number of tests). The estimated overhead has been assigned to pools as follows: $125,000 to machine-related, $250,000 to Production orders, and $125,000 to test the product. The following information has been extracted from cost accounting records: Particulars FZ-125 MT-15 Machine-hours 10,000 20,000 Orders 200 800 Tests 3,000 4,500 Direct labor hours 14,000 15,000 What is the amount of overhead assigned to MT-15 using Activity Based Costing: (Round your allocation base to two decimal places and final answers to zero decimals) Choose an answer A Overhead assigned to MT-15 is $283,400 Overhead assigned to MT-15 is $275,015 © Overhead assigned to MT-15 is $158,415 D Overhead assigned to MT-15 is $358,415.
Gelinas, Inc., manufactures and sells two products: Product S5 and Product L3. Expected production of Product S5 is 500 units and of Product L3 is 700 units. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Overhead Activity Cost Pools Labor-related Production orders Measures Cost $286,741 40,384 463,730 Product S5 Product L3 Total DLHS 3,500 5,600 9,100 оrders 300 500 800 Order size MHs 4,000 3,900 7,900 $790,855 The overhead applied to each unit of Product L3 under activity-based costing is closest to: (Round your Intermedlate calculations to 2 declmal places.) Multiple Cholce $327.04 per unit $61518 per unit S659.05 per unit. 92 F AQI 61 9A pe here to search DELL 近

Drilling Company uses activity-based costing and provides this information: Driver Rate Manufacturing Activity Materials handling Machinery Assembly Inspection Cost Driver Drilling has just completed 74 units of a component for a customer. Each unit required 94 parts and 2.70 machine hours. The prime cost is $1,240 per finished unit. All other manufacturing costs are classified as manufacturing overhead. Required 1 Number of parts Number of machine hours Number of parts Number of finished units Required: 1. Compute the total manufacturing costs and the unit costs of the 74 units just completed using ABC costing. 2. In addition to the manufacturing costs, the firm has determined that the total cost of upstream activities, including research and development and product design, is $174 per unit. The total cost of downstream activities, such as distribution, marketing, and customer service, is $294 per unit. Compute the full product cost per unit, including upstream, manufacturing, and…
Crane Co. manufactures baseball bats. The company’s total overhead consists of assembly costs and inspection costs. The following data is available: Cost Pool Wood Aluminum Total Cost Assembly 700 machine hrs. 700 machine hrs. $40600 Inspections 550 inspections 250 inspections 71200 2100 labor hrs. 1900 labor hrs. Total overhead assigned to wood bats assuming a single overhead rate and using activity-based costing, respectively, are $58695 and $53105. $53105 and $69250. $58695 and $69250. $53105 and $42550.
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 110000 500 orders Machine Setup Setups 288000 450 setups Machining Machine hours 1475000 125000 MH Assembly Parts 1180000 1000000 parts Inspection Inspections 290000 500 inspections If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is $14.75. $11.80. $33.43. $9.38.
Novak Industries manufactures dining chairs and tables. The following information is available regarding the two products and their estimated use of cost drivers: Machine setups Inspections Labor hours (a) Dining Chairs Dining chairs 255 Tables 305 Tables Estimated Cost $ Novak is considering switching from one overhead rate based on labor hours to ABC. 655 Perform the following analyses for these two components of overhead: 525 2,600 2,400 Compute total machine setups and inspection costs assigned to each product, using a single overhead rate. (Round overhead rate value to 3 decimal places, e.g. 52.711 and final answers to 0 decimal places, e.g. 5,275.) $49,140 $73,040 Total Costs
Boswell Company manufactures two products, Regular and Supreme. Boswell’s overhead costs consist of machining, $3000000; and assembling, $1800000. Information on the two products is: Regular Supreme Direct labor hours 10000 15000 Machine hours 10000 30000 Number of parts 90000 160000 Overhead applied to Regular using traditional costing using direct labor hours is $1590000. $1920000. $3210000. $2880000.
Craft Company reports the following partial activity-based costing information for its Deluxe model. Complete the table by entering amounts for the missing items. Note: Round "Overhead per unit" to 2 decimal places. Activity Assembly Factory services Setup Total allocated cost Units produced Overhead cost per unit Activity Usage 3,000 direct labor hours 2,800 square feet setups $ $ Activity Rate 10 per direct labor hour per square foot 180 per setup Allocated Cost 28,000 4,500 2,500
Olmo, Inc., manufactures and sells two products: Product KO and Product H9. The annual production and sales of Product of K0 is 600 units and of Product H9 is 600 units. The company has an activity- based costing system with the following activity cost pools, activity measures, and expected activity. Activity Measures Overhead Cost Product KO Estimated Expected Activity Activity Cost Pools Labor-related Production orders Product H9 Total 9,000 1,300 6,800 DLHS $ 550,408 53,419 836,016 6,000 700 3,800 3,000 orders 600 Order size MHs 3,000 $1,439,843 The overhead applied to each unit of Product KO under activity-based costing is closest to: (Round your Intermedlate calculations to 2 declmal places.) Multiple Cholce $611.60 per unlt $1.438.16 per unit. $778.62 per unit C479 95 nerınlt 3 自! 92°F AQI 61 9/9 pe here to search DELL
Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information. Estimated wheels produced Direct labor hours per wheel (al) Your answer is correct. Overhead rate $ eTextbook and Media (a2) Total estimated overhead costs for the two product lines are $752,600. Car Car wheels 41,000 Calculate overhead rate. (Round answer to 2 decimal places, eg 12.25) $ 1 Truck wheels $ Truck 10,000 3 Compute the overhead cost assigned to the car wheels and truck wheels, assuming that direct labor hours is used to allocate overhead costs. 10.60 per direct labor hour Attempts: 1 of 5 used