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Question 9 contd. Additional Information to be used in the following requirements: Altec wishes to allocate overheads using Activity-based costing (ABC). Table 1 shows estimated data and Table 2 actual data Table 1 Activity cost pool Estimated overheads Total units of Estimated units Estimated units activity A2090 A1090 Machine set up $360,000 150 50 100 Special $900,000 12,000 12,000 0 processing General $540,000 72,000 18,000 54,000 factory Table 2 Activity cost pool Actual overheads Total units of activity Actual units of use by A2090 Actual units of use by A1090 Machine set up $384,000 160 60 100 Special $825,000 11,000 11,000 0 processing General $540,000 72,000 18,000 54,000 factory 2. Calculate the activity rate for each activity. (3 marks)

Question 9 contd. Additional Information to be used in the following requirements: Altec wishes to allocate overheads using Activity-based costing (ABC). Table 1 shows estimated data and Table 2 actual data Table 1 Activity cost pool Estimated overheads Total units of Estimated units Estimated units activity A2090 A1090 Machine set up $360,000 150 50 100 Special $900,000 12,000 12,000 0 processing General $540,000 72,000 18,000 54,000 factory Table 2 Activity cost pool Actual overheads Total units of activity Actual units of use by A2090 Actual units of use by A1090 Machine set up $384,000 160 60 100 Special $825,000 11,000 11,000 0 processing General $540,000 72,000 18,000 54,000 factory 2. Calculate the activity rate for each activity. (3 marks)

FINANCIAL ACCOUNTING
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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Question 9 contd. Additional Information to be used in the following requirements: Altec wishes to allocate overheads using Activity-based costing (ABC). Table 1 shows estimated data and Table 2 actual data Table 1 Activity cost pool Estimated overheads Total units of Estimated units Estimated units activity A2090 A1090 Machine set up $360,000 150 50 100 Special $900,000 12,000 12,000 0 processing General $540,000 72,000 18,000 54,000 factory Table 2 Activity cost pool Actual overheads Total units of activity Actual units of use by A2090 Actual units of use by A1090 Machine set up $384,000 160 60 100 Special $825,000 11,000 11,000 0 processing General $540,000 72,000 18,000 54,000 factory 2. Calculate the activity rate for each activity. (3 marks)
Transcribed Image Text:Question 9 contd. Additional Information to be used in the following requirements: Altec wishes to allocate overheads using Activity-based costing (ABC). Table 1 shows estimated data and Table 2 actual data Table 1 Activity cost pool Estimated overheads Total units of Estimated units Estimated units activity A2090 A1090 Machine set up $360,000 150 50 100 Special $900,000 12,000 12,000 0 processing General $540,000 72,000 18,000 54,000 factory Table 2 Activity cost pool Actual overheads Total units of activity Actual units of use by A2090 Actual units of use by A1090 Machine set up $384,000 160 60 100 Special $825,000 11,000 11,000 0 processing General $540,000 72,000 18,000 54,000 factory 2. Calculate the activity rate for each activity. (3 marks)
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