Pro-Craft Company computed the following activity rates to allocate overhead cost for the year. Activity Materials handling Quality inspection Utilities Activity Rate $ 61 per materials requisition $ 51 per inspection $ 6 per machine hour During January, the company produced the following two jobs. Allocate overhead cost to each job using the activity Activity Usage Activity Cost Driver Materials requisitions Inspections Machine hours Job A Job B 4. 9. 355 255 Allocate overhead based on actual activity usage-Job A Activity Materials handling Activity Usage Activity Rate Allocated Cost Quality inspection Utilities Total Allocate overhead based on actual activity usage-Job B Activity Usage Activity Rate Allocated Cost Activity Materials handling Quality inspection Utilities Total

Pro-Craft Company computed the following activity rates to allocate overhead cost for the year. Activity Materials handling Quality inspection Utilities Activity Rate $ 61 per materials requisition $ 51 per inspection $ 6 per machine hour During January, the company produced the following two jobs. Allocate overhead cost to each job using the activity Activity Usage Activity Cost Driver Materials requisitions Inspections Machine hours Job A Job B 4. 9. 355 255 Allocate overhead based on actual activity usage-Job A Activity Materials handling Activity Usage Activity Rate Allocated Cost Quality inspection Utilities Total Allocate overhead based on actual activity usage-Job B Activity Usage Activity Rate Allocated Cost Activity Materials handling Quality inspection Utilities Total

Name: Pro-Craft Company computed the following activity rates to allocate o
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Description: Pro-Craft Company computed the following activity rates to allocate overhead cost for the year.ActivityMaterials handlingQuality inspectionUtilitiesActivity Rate$ 61 per materials requisition$ 51 per inspection$ 6 per machine hourDuring January, the

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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