Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost $141,000 19,800 103,950 16,470 Setting up equipment Ordering materials Machining Receiving Units completed Number of setups Number of orders Machine hours Receiving hours Required: Silven produces two models of cell phones with the following expected activity demands: Model X Model Y Model X Model Y 5,400 80 300 6,600 305 165,490 115,730 Model X Model Y Activity Driver Activity Capacity Number of setups Number of orders 1. Determine the total overhead assigned to each product using the four activity drivers. Total Overhead Assigned Machine hours Receiving hours Percentage Error 120 900 11,550 915 10,800 40 600 4,950 610 2. Determine the total overhead assigned to each model using the two most expensive activities. The costs of the two relatively inexpensive activities are allocated to the two expensiv decimal places and round your final answers to the nearest dollar. 6.42 X % -9.18 X % Total Overhead Assigned Model X Model Y 176,114 X 105,106 X 3. Using ABC as the benchmark, calculate the percentage error. Round your answers to two decimal places.

Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost $141,000 19,800 103,950 16,470 Setting up equipment Ordering materials Machining Receiving Units completed Number of setups Number of orders Machine hours Receiving hours Required: Silven produces two models of cell phones with the following expected activity demands: Model X Model Y Model X Model Y 5,400 80 300 6,600 305 165,490 115,730 Model X Model Y Activity Driver Activity Capacity Number of setups Number of orders 1. Determine the total overhead assigned to each product using the four activity drivers. Total Overhead Assigned Machine hours Receiving hours Percentage Error 120 900 11,550 915 10,800 40 600 4,950 610 2. Determine the total overhead assigned to each model using the two most expensive activities. The costs of the two relatively inexpensive activities are allocated to the two expensiv decimal places and round your final answers to the nearest dollar. 6.42 X % -9.18 X % Total Overhead Assigned Model X Model Y 176,114 X 105,106 X 3. Using ABC as the benchmark, calculate the percentage error. Round your answers to two decimal places.

Name: 9 Approximately Relevant ABCSilven Company has identified the followin
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Description: 9 Approximately Relevant ABCSilven Company has identified the following overhead activities, costs, and activity drivers for the coming year:ActivityExpected CostSetting up equipment$141,000Ordering materials19,800103,950MachiningReceiving16,470Units

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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