Power Company manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $576,000 payroll for 6,800 direct labor-hours. Listed below is cost driver informationused in the product-costing system:Overhead Cost PoolBudgeted Overhead Cost DriverEstimated Cost Driver LevelMachine setups$ 1,008,500Number of setups240 setupsMaterials handling9,300 barrels2,300 inspections111,600Number of barrelsQuality controlOther overhead cost828,000648,000Number of inspectionsNumber of machine hours18,000 machine hoursTotal overhead$ 2,596,100A current product order has the following requirements:Machine setups21 setupsMaterials handling678 barrelsQuality inspections86 inspections1,350 machine hoursMachine hoursDirect labor hour480 hoursWhat is the total manufacturing overhead for the current product order if the firm uses a plantwide rate based on direct labor-hours? (Round your intermediate calculation to 2 decimal places.) Multiple Choice$9.910.$40,659.$79,434.$183,254.$515,403.

Name: Power Company manufactures a variety of drill bits. The company's pla
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Description: Power Company manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $576,000 payroll for 6,800 direct labor-hours. Listed below is cost driver informationused in the product-costing system

Overhead costs means all type of indirect costs and indirect expenses, incurred in business. These…

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Power Company manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $576,000 payroll for 6,800 direct labor-hours. Listed below is cost driver informatic used in the product-costing system: Overhead Cost Pool Machine setups Materials handling Budgeted Overhead Cost Driver $ 1,008,500 Estimated Cost Driver Level Number of setups 240 setups 111,600 Number of barrels 9,300 barrels Quality control Number of inspections 2,300 inspections 18,000 machine hours 828,000 Other overhead cost 648,000 Number of machine hours Total overhead $ 2,596,100 A current product order has the following requirements: Machine setups 21 setups 678 barrels Materials handling Quality inspections Machine hours 86 inspections 1,350 machine hours 480 hours Direct labor hour What is the total manufacturing overhead for the current product order if the firm uses a plantwide rate based on direct labor-hours? (Round your intermediate calculation to 2 decimal places.)

Power Company manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $576,000 payroll for 6,800 direct labor-hours. Listed below is cost driver informatic used in the product-costing system: Overhead Cost Pool Machine setups Materials handling Budgeted Overhead Cost Driver $ 1,008,500 Estimated Cost Driver Level Number of setups 240 setups 111,600 Number of barrels 9,300 barrels Quality control Number of inspections 2,300 inspections 18,000 machine hours 828,000 Other overhead cost 648,000 Number of machine hours Total overhead $ 2,596,100 A current product order has the following requirements: Machine setups 21 setups 678 barrels Materials handling Quality inspections Machine hours 86 inspections 1,350 machine hours 480 hours Direct labor hour What is the total manufacturing overhead for the current product order if the firm uses a plantwide rate based on direct labor-hours? (Round your intermediate calculation to 2 decimal places.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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