!Required informationGable Company uses three activity pools. Each pool has a cost driver. Information for Gable Company follows:Activity PoolsMachiningDesigning costsSetup costsNumber of machine hoursNumber of design hoursNumber of batchesTotal Costof Pool$ 171,10045, 10066,123Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows:Product AProduct BProduct CCost DriverNumber of machine hoursNumber of design hoursNumber of batchesTotal OverheadAssignedProduct A Product B20,0002,20030,0001,30040170EstimatedCost Driver59,0005,500465Product C9,0002,000255Required:Using activity rates, determine the amount of overhead assigned to each product.Note: Do not round intermediate calculations. Round the final answer to nearest whole number.

Required information Gable Company uses three activity pools. Each pool has a cost driver. Information for Gable Company follows: Activity Pools Machining Designing costs Setup costs Number of machine hours Number of design hours Number of batches Total Cost of Pool Product A Product B Product C $ 171,100 45,100 66,123 Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Total Overhead Assigned Cost Driver Number of machine hours Number of design hours Number of batches. Product A Product B Product C 20,000 30,000 2,200 1,300 40 170 Estimated Cost Driver 59,000 5,500 465 9,000 2,000 255 Required: Using activity rates, determine the amount of overhead assigned to each product. Note: Do not round intermediate calculations. Round the final answer to nearest whole number.

Required information Gable Company uses three activity pools. Each pool has a cost driver. Information for Gable Company follows: Activity Pools Machining Designing costs Setup costs Number of machine hours Number of design hours Number of batches Total Cost of Pool Product A Product B Product C $ 171,100 45,100 66,123 Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Total Overhead Assigned Cost Driver Number of machine hours Number of design hours Number of batches. Product A Product B Product C 20,000 30,000 2,200 1,300 40 170 Estimated Cost Driver 59,000 5,500 465 9,000 2,000 255 Required: Using activity rates, determine the amount of overhead assigned to each product. Note: Do not round intermediate calculations. Round the final answer to nearest whole number.

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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Required information Greenwood Company manufactures two products-15,000 units of Product Y and 7,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z: Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machining Number of setups Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product design cost Product Y 7,400 60 1 7,400 Product Y % X 2 decimal places required. Product Z 3,600 80 1 2,600 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.) Product Z Estimated Overhead Cost $ 213,400 $ 61,600…
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