Don't use ai The following overhead cost information is available for the James Corporation:ActivityPurchasingAllocation Base (Driver)Number of purchase ordersOverhead Cost$410,000ReceivingNumber of shipments received $130,000Machine setups Number of setupsQuality control Number of inspections$405,000$155,000During the year, 9,000 purchase orders were issued; 27,000 shipments were received; 4,500 machine setupsoccurred; and 9,500 inspections were conducted. Employees worked a total of 12,000 hours on production.1. Determine the overhead rate, using the traditional overhead allocation method based on direct laborhours.2. Determine the overhead rate for each of the activities, assuming that ABC is used.

Explanation of Job-Order Costing:Job-order costing is a system used to assign manufacturing costs to…

Answered: The following overhead cost information…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter3: Cost Behavior

Section: Chapter Questions

Problem 2CE: Corazon Manufacturing Company has a purchasing department staffed by five purchasing agents. Each...

See similar textbooks

Similar questions

Please need answer not use chatgpt
Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity $138,000 Number of setups 10,200 Number of orders 92,400 Machine hours 18,480 Receiving hours phones with the following expected activity demands: Setting up equipment Ordering materials Machining Receiving Silven produces two models of cell Model X 5,000 80 200 6,600 385 Units completed Number of setups Number of orders Machine hours Receiving hours Required: Model Y 10,000 40 400 4,950 770 120 600 11,550 1,155
Given answer accounting questions
Kindly help me with accounting questions
A company identified the following partial list of activities, costs, and activity drivers expected for the next year: Activity Extrusion costs Handling costs Packaging costs Production volume Batches made Expected Costs $ 83,600 $ 8,800 Cost Driver Number batches made Number of orders filled $ 40,500 Number of units made Product A Product B 750,000 units 600,000 units 200 batches 75 750 batches 200 Orders filled How much overhead in total will be assigned to the Product A line using activity-based costing? Select one: O a. $132,900. O b. $42,500. O c. $66,450. O d. $90,400. O e. $66,000.
EFG Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Assembly Processing orders Inspection Total Cost Total Activity 61,200 machine-hours $ 1,282,140 $ 53,958 $ 181,350 2,040 orders 2,340 inspection-hours The company makes 1,100 units of product EG8 a year, requiring a total of 1,200 machine-hours, 131 orders, and 31 inspection-hours per year. The product's direct materials cost is $50.89 per unit and its direct labor cost is $20.56 per unit. The product sells for $113.30 per unit. According to the activity-based costing system, the product margin for product EG8 is: (Round your intermediate calculations and final answers to 2 decimal places.) Multiple Choice $15,027.55 $46,035.00 О $17,430.05 $18,492.50
Find the activity rate of scheduling activity cost. Show all your calculations for upvote.
Rocks Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Activity Overhead per Activity Annual Usage Machine Set Up $75,000 6,000 Machine Hours $85,002 5,484 Inspections $70,000 20,000 Compute the overhead rate for each activity.
Question data is below
Zeus Industries manufactures two types of electrical power units, custom and standard, which involve four factory overhead activities—production setup, procurement, quality control, and materials management. An activity analysis of the overhead revealed the following estimated activity costs and activity bases for these activities: Activity Activity Cost Activity Base Production setup $ 42,000 Number of setups Procurement 137,500 Number of purchase orders (PO) Quality control 200,000 Number of inspections Materials management 168,000 Number of components Total $547,500 The activity-base usage quantities for each product are as follows: Setups Purchase Orders Inspections Components Unit Volume Custom 200 1,100 2,200 450 2,000 Standard 150 150 300 350 2,000 Total 350 1,250 2,500 800 4,000 a. Determine an activity rate for each activity. Activity Rates Production Setup Procurement Quality Control Materials…
Delta manufacturing has provided the following data solve this accounting questions
Angler Industries produces a product which goes through two operations, Assembly and Finishing, before it is ready to be shipped. Next year's expected costs and activities are shown below. Assembly 248,888 DLH Finishing 154,000 DLH 68,000 MH 448,800 MH $440,000 Direct labor hours Machine hours Overhead costs Assume that Angler Industries allocates overhead using a plantvide overhead rate based on machine hours. How much total overhead will be assigned to a product that requires 1 direct labor hour and 3.90 machine hours in the Assembly Department, and 4.00 direct labor hours and 0.6 machine hours in the Finishing Department? Multiple Chaises O O O $21.50 $17.60 $2.00. $18.10 $ 677,680 $13.20.

SEE MORE QUESTIONS

Recommended textbooks for you

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning