Please do not give image format Sheridan Corporation manufactures safes-large mobile safes, and large walk-in stationary bank safes. As part of its annual budgetingprocess, Sheridan is analyzing the profitability of its two products. Part of this analysis involves estimating the amount of overhead tobe assigned to each product line. The information shown below relates to overhead.Units planned for productionMaterial moves per product linePurchase orders per product lineDirect labor hours per product line(1)(2)One mobile safe $One walk-in safe $MobileSafeseTextbook and Media.200300450800The total estimated manufacturing overhead was $260,000. Under traditional costing (which assigns overhead on the basis ofdirect labor hours), what amount of manufacturing overhead costs are assigned to: (Round answers to 2 decimal places, e.g.12.25.)448.00Walk-inSafes3,808.00502003501,700per unitper unit The total estimated manufacturing overhead of $260,000 was comprised of $164,000 for materials handling costs and$96,000 for purchasing activity costs. Under activity-based costing (ABC): (Round answers to 2 decimal places, e.g. 12.25.)What amount of materials handling costs are assigned to:(a) One mobile safe(b)One walk-in safeeTextbook and MediaOne mobile safeThe total estimated manufacturing overhead of $260,000 was comprised of $164,000 for materials handling costs and$96,000 for purchasing activity costs. Under activity-based costing (ABC): (Round answers to 2 decimal places, e.g. 12.25.)What amount of purchasing activity costs are assigned to:(a)(b) One walk-in safe $Show Transcribed TextMobile safeWalk-in safe$$$$eTextbook and MediaCompare the amount of overhead assigned to one mobile safe and to one walk-in safe under the traditional costing approachversus under ABC. (Round answers to 2 decimal places, e.g. 12.25.)Activity-Based CostingTraditional Costingeacheach$eacheachV

Under traditional costing system a single overhead rate is used for allocating the overhead cost…

Sheridan Corporation manufactures safes-large mobile safes, and large walk-in stationary bank safes. As part of its annual budgeting process, Sheridan is analyzing the profitability of its two products. Part of this analysis involves estimating the amount of overhead to be assigned to each product line. The information shown below relates to overhead. Units planned for production Material moves per product line Purchase orders per product line Direct labor hours per product line (1) (2) One mobile safe $ Mobile Safes One walk-in safe $ 200 300 450 800 The total estimated manufacturing overhead was $260,000. Under traditional costing (which assigns overhead on the basis of direct labor hours), what amount of manufacturing overhead costs are assigned to: (Round answers to 2 decimal places, e.g. 12.25.) 448.00 Walk-in Safes 3.808.00 50 200 350 1,700 per unit per unit

Sheridan Corporation manufactures safes-large mobile safes, and large walk-in stationary bank safes. As part of its annual budgeting process, Sheridan is analyzing the profitability of its two products. Part of this analysis involves estimating the amount of overhead to be assigned to each product line. The information shown below relates to overhead. Units planned for production Material moves per product line Purchase orders per product line Direct labor hours per product line (1) (2) One mobile safe $ Mobile Safes One walk-in safe $ 200 300 450 800 The total estimated manufacturing overhead was $260,000. Under traditional costing (which assigns overhead on the basis of direct labor hours), what amount of manufacturing overhead costs are assigned to: (Round answers to 2 decimal places, e.g. 12.25.) 448.00 Walk-in Safes 3.808.00 50 200 350 1,700 per unit per unit

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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