Provide the following based on the procedures of Activity-Based Costing (ABC) system.A. Pool ratesB. Overhead cost allocated to each product of DGM Marble Manufacturing The management of DGM Marble Manufacturing has identified activity centers to which overhead costs areassigned. The following data are available:Activity CentersCostsActivity DriversUtilitiesScheduling and SetupMaterial HandlingP400,000 80,000 machine hours379,950 800 setups828,000 1,800,000 pounds of materialsThe company's products and other operating statistics are the following:A. Ceramic TilesB. Granite TilesC. Onyx TilesP120,00040,000150P150,00020,000Prime costsP130,000Machine hours20,000Number of setups400250800,00060,00035,000Pounds of materials500,00035,00026,000500,00060,00050,000Number of units producedDirect labor hoursProvide the following based on the procedures of Activity-Based Costing (ABC) system.A. Pool ratesB. Overhead cost allocated to each product of DGM Marble Manufacturing

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Description: Provide the following based on the procedures of Activity-Based Costing (ABC) system.A. Pool ratesB. Overhead cost allocated to each product of DGM Marble Manufacturing The management of DGM Marble Manufacturing has identified activity centers to whi

Activity-based costing (ABC) assigns manufacturing overhead costs to products in a more logical…

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The management of DGM Marble Manufacturing has identified activity centers to which overhead costs are assigned. The following data are available: Activity Centers Costs Activity Drivers P400,000 80,000 machine hours 379,950 800 setups 828,000 1,800,000 pounds of materials Utilities Scheduling and Setup Material Handling The company's products and other operating statistics are the following:

The management of DGM Marble Manufacturing has identified activity centers to which overhead costs are assigned. The following data are available: Activity Centers Costs Activity Drivers P400,000 80,000 machine hours 379,950 800 setups 828,000 1,800,000 pounds of materials Utilities Scheduling and Setup Material Handling The company's products and other operating statistics are the following:

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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! Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool Number of machine hours Number of design hours. Number of batches. Cost Driver $416,700 Number of machine hours 93,100 Number of design hours 73,338 Number of batches Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Estimated Cost Driver 92,600 9,500 510 Product A Product B Product C 36,000 46,000 10,600 3,800 2,100 3,600 285 50 175
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Show the comparison of cost between Activity-based-costing and traditional costing system and percentage of variation in manufacturing cost for each product.
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