The following data have been provided by Miller Corporation from its activity-based costing accounting system:Factory supervisionIndirect factory laborDistribution of Resource Consumption across Activity Cost Pools:Batch Set-Up Expediting Other35%10%20%20%Activity Cost PoolsFactory supervisionIndirect factory laborThe "Other" activity cost pool consists of the costs of idle capacity andorganization-sustaining costs that are not assigned to products.O $680,000$385,000$ 460,000$ 220,00055%60%O $391,000How much factory supervision and indirect factory labor cost would be assignedto the Batch Set-Up activity cost pool?O $340,000Total100%100%

Cost assigned to activity cost pool based on the costs drivers is done under the activity based…

The following data have been provided by Miller Corporation from its activity- based costing accounting system: Factory supervision Indirect factory labor Distribution of Resource Consumption across Activity Cost Pools: Activity Cost Pools Batch Set-Up Expediting Other Factory supervision 35% 10% Indirect factory labor 20% 20% The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs that are not assigned to products. $680,000 O $385,000 55% 60% How much factory supervision and indirect factory labor cost would be assigned to the Batch Set-Up activity cost pool? O $391,000 $ 460,000 $ 220,000 $340,000 Total 100% 100%

The following data have been provided by Miller Corporation from its activity- based costing accounting system: Factory supervision Indirect factory labor Distribution of Resource Consumption across Activity Cost Pools: Activity Cost Pools Batch Set-Up Expediting Other Factory supervision 35% 10% Indirect factory labor 20% 20% The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs that are not assigned to products. $680,000 O $385,000 55% 60% How much factory supervision and indirect factory labor cost would be assigned to the Batch Set-Up activity cost pool? O $391,000 $ 460,000 $ 220,000 $340,000 Total 100% 100%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Jay Give me correct answer with explanation..
Milligan Freelancing provides different services to its clients. The company uses an activity-based costing system for its overhead costs. The company has provided the following data from its activity-based costing system. Activity Cost Pool Total Cost Total Activity Consulting 368,364 36,250 hours Bookkeeping 142,500 8,100 jobs Client support 37,620 680 clients Other 220,000 Not Applicable The “Other” activity cost pool consists of the costs of idle capacity and organization-sustaining costs. One particular client, Adams Corporation requested 24 jobs during the year that required a total of 31 hours of service. For this service, the client was charged P1,750. Compute the increase/(decrease) in margin assuming Milligan Freelancing decides to use traditional costing system in which all costs are allocated…
Vanvalkenburg. Inc., manufactures and sells two products: Product GQ5 and Product JO. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Overhead Activity Cost Pools Measures Cost Product Q5 Product JØ Total Labor-related DLHS $191,748 70,536 295,592 Production orders 3,000 2,800 5,800 orders 300 500 800 Order size MHs 4,300 4,500 8,800 $557,876 The activity rate for the Order Size activity cost pool under activity-based costing is closest to: Multiple Cholce $36.23 per MH $68.48 per MH $96.19 per MH
what is the labor-related activity cost pool per DLH what is the machine-related activity cost pool per MH what is the machine setups activity cost pool per seteup what is the production orders activity cost per order what is the product testing activity cost per test what is the packaging activity cost per package what is the general factory activity cost per DLH
Please do npt give image format
None
Takulah Co. Ltd has traditionally allocated its overhead based on machine hours but had collected this information to change to activity-based costing: ESTIMATED ACTIVITY ACTIVITY CENTER PRODUCT 1 PRODUCT 2 ESTIMATED COST Machine setups 15 45 $10,800 Assembly Parts 3000 3000 144600 Packaging pieces 500 400 55350 Machine hour per unit 4 3 Production volume 750 1500 Required: i) How much overhead would be allocated to each unit under the traditional allocation method? ii) How much overhead would be allocated to each unit under activity-based costing? iii) Would you recommend a change to ABC costing for this company? Justify your answer
Question: Pat Company uses activity-based costing. The company has two products: A and B. The annual production and sales for Product A is 1,800 units and for Product B it's 1,050 units. There are three activity cost pools, with estimated costs and expected activity as follows: Activities Estimated Expected Activity Overhead Cost Product A Product Total B Activity 1 $46,775 1,300 1,200 2,500 Activity 2 $68,277 2,300 1,000 3,300 Activity 3 $82,502 The overhead cost per unit of Product A under activity-based costing is closest to: 720 700 1,420 A. $139.12 B. $68.28 C. $32.88 D. $63.19
Larner Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Labor-related Machine-related Machine setups Production orders. Shipments General factory Activity Rates $ 7.00 per direct labor-hour $ 4.00 per machine-hour $50.00 per setup $ 100.00 per order $ 150.00 per shipment $ 4.00 per direct labor-hour Cost and activity data have been supplied for the following products: Direct materials cost per unit Direct labor cost per unit 378 $ 3.00 $ 3.00 B52 $ 20.00 $ 6.00 2,000 100 Number of units produced per year Total Expected Activity 378 B52 Direct labor-hours. 1,000 20 Machine-hours 2,000 50 Machine setups 6 3 Production orders 5 3 8 3 Shipments Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) J78 B52 Unit product cost
A company has provided the following data from its activity-based costing accounting system: Indirect factory wages Factory equipment depreciation S 27,000 $ 204,000 Distribution of Resource Consumption across Activity Cost Pools: Activity Cost Pools Indirect factory wages Factory equipment depreciation Product Processing 48% 25% Customer Orders Other 38 128 Total 100% 100% 63% The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs that are not assigned to products. Required: a. Determine the total amount of indirect factory wages and factory equipment depreciation costs that would be allocated to the Product Processing activity cost pool. b. Determine the total amount of indirect factory wages and factory equipment depreciation costs that would NOT be assigned to products. Complete this question by entering your answers in the tabs below. Required A Required B Determine the total amnount of indirect factory wages and factory equipment…
answer in text form please (without image)
Study the information provided below and calculate the following:3.1 Manufacturing costs per unit for each product using the traditional absorption costing system 3.2 Manufacturing overheads cost per unit for each product using the ABC system