Question12-/1View PoliciesCurrent Attempt in ProgressRandel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information isbelow:presentedCost Drivers by ProductActivity Cost PoolCost DriverEstimated OverheadBudgetDeluxeOrdering and Receiving Orders$130,000600400Machine SetupSetups297,000500400MachiningMachine hours1,000,000150,000100,000Assembly1,200,000Parts800,0001,600,000Inspection550Inspections300,000450Compute the overhead cost per unit for each product. Production is 700,000 units of Budget and 200,000 units of Deluxe. (Round overhead costper unit to 2 decimal places, eg. 12.25 and cost assigned to 0 decimal places, eg. 2,500.)Overhead cost per unitper unitBudget $per unitDeluxe $eTextbook and Media9:25 PM)10/13/20

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Simplifying the ABC System: Approximately Relevant ABC Systems Patterson Company produces wafers for integrated circuits. Data for the most recent year are provided: Activity Inserting and sorting process activities: Expected Consumption Ratios Driver Wafer A Wafer B 1 Developing test programs $ 50,000 Engineering hours 0.25 0.75 Making probe 2. 60,000 Development hours 0.10 0.90 cards Testing products 600,000 Test hours 0.60 0.40 Setting up 4. 135,000 Number of batches 0.55 0.45 batches Engineering Number of change 5. 90,000 0.15 0.85 design orders Handling wafer 6. 300,000 Number of moves 0.45 0.55 lots 7. Inserting dies 700,000 Number of dies 0.70 0.30 Procurement process activities: Purchasing Number of 8. 400,000 0.20 0.80 materials purchase orders Unloading 9. 60,000 materials Number of receiving orders 0.35 0.65 Inspecting 10. 75,000 Inspection hours 0.65 0.35 materials 11. Moving materials 500,000 Distance moved 0.50 0.50 12. Paying suppliers 30,000 Number of invoices 0.30 0.70…
19. Data concerning three of Scarf Corporation's activity cost pools appear below: h Activity Cost Pools Total Cost Assembling Products Designing Products Setting Up Batches $48,200 Total Activity 4,820 assembly hours 8,392 product design hours. $5,400 120 batch setups $864,376 Required: Compute the activity rates for each of the three cost pools. Show your work! gi
The following cost allocation information is available for Moving Motors Ltd: Production departments Service departments A B Stores Maintenance Total Allocated costs R105 000 R196 500 R37 800 R50 700 R390 000 Service department usage - Stores 50% 40% - 10% - Maintenance 60% 15% 25% - If Moving Motors Ltd uses the simultaneous equation method of allocation, and Production Department A’s overhead recovery rate is R4.15 per machine hour, then the budgeted machine hours for Production Department A are (rounded): a. 43 003 machine hours b. 39 518 machine hours c. 40 000 machine hours d. 39 617 machine hours e. 43 080 machine hours
A-5
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0 Required information [The following information applies to the questions displayed below] Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct materials: 5 pounds at $11 per pound Direct labor: 3 hours at $12 per hour $ 55 36 Variable overhead: 3 hours at $7 per hour 21 Total standard cost per unit $ 112 The planning budget for March was based on producing and selling 21,000 units. However, during March the company actually produced and sold 26,600 units and incurred the following costs: a. Purchased 154,000 pounds of raw materials at a cost of $9.50 per pound. All of this material was used in production. b. Direct laborers worked 63,000 hours at a rate of $13 per hour. c. Total variable manufacturing overhead for the month was $510,930. 5. If Preble had purchased 178,000 pounds of materials at $9.50 per pound and used 154,000 pounds in production,…
Q. 2 Índigo manufacturing has five activity cost pools and two products ( a budget tape vacuum and a deluxe tape vacuum). Information is presented below:
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