Required information Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost Pools Machining Setup Quality control Estimated Total Cost Estimated Cost Driver $562,400 18,500 machine hours 93,035 143,780 460 batches 910 inspections Suppose the Luxury boat requires 6,660 machine hours, 182 inspections, and 92 batches. Using activity proportions, determine the amount of overhead assigned to the Luxury product line. (Round your final answers to the nearest whole number.) Cost Pool Allocated Overhead Machining 24 130,464 Setup Costs 2$ 36,810 Quality Control 2$ 14,528 Total Overhead 2$ 249,827

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Required information
Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate-product cost.
Activity Cost Pools
Machining
Setup
Quality control
Estimated
Total Cost
$562,400 18,500 machine hours
93,035
143,780
Estimated Cost Driver
460 batches
910 inspections
Suppose the Luxury boat requires 6,660 machine hours, 182 inspections, and 92 batches. Using activity proportions, determine the
amount of overhead assigned to the Luxury product line. (Round your final answers to the nearest whole number.)
Cost Pool
Allocated Overhead
Machining
2$
130,464
Setup Costs
$
36,810
Quality Control
$
14,528
Total Overhead
249,827
Transcribed Image Text:Required information Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate-product cost. Activity Cost Pools Machining Setup Quality control Estimated Total Cost $562,400 18,500 machine hours 93,035 143,780 Estimated Cost Driver 460 batches 910 inspections Suppose the Luxury boat requires 6,660 machine hours, 182 inspections, and 92 batches. Using activity proportions, determine the amount of overhead assigned to the Luxury product line. (Round your final answers to the nearest whole number.) Cost Pool Allocated Overhead Machining 2$ 130,464 Setup Costs $ 36,810 Quality Control $ 14,528 Total Overhead 249,827
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