Tioga Company manufactures sophisticated lenses and mirrors used in large optical telescopes. The company is now preparing its annual profit plan. As part of its analysis of the profitability individual products, the controller estimates the amount of overhead that should be allocated to the individual product lines from the following information. Items Units produced Lenses 30 21 160 Mirrors 30 11 160 Material moves per product line Direct-labor hours per unit The total budgeted material-handling cost is $111,600. Required: 1. Under a costing system that allocates overhead on the basis of direct-labor hours, the material-handling costs allocated to one lens would be what amount? 2. Under a costing system that allocates overhead on the basis of direct-labor hours, the material-handling costs allocated to one mirror would be what amount? 3. Under activity-based costing (ABC), the material-handling costs allocated to one lens would be what amount? The cost driver for the material-handling activity is the number of material moves. 4. Under activity-based costing (ABC), the material-handling costs allocated to one mirror would be what amount? The cost driver for the material-handling activity is the number of material moves.

Tioga Company manufactures sophisticated lenses and mirrors used in large optical telescopes. The company is now preparing its annual profit plan. As part of its analysis of the profitability individual products, the controller estimates the amount of overhead that should be allocated to the individual product lines from the following information. Items Units produced Lenses 30 21 160 Mirrors 30 11 160 Material moves per product line Direct-labor hours per unit The total budgeted material-handling cost is $111,600. Required: 1. Under a costing system that allocates overhead on the basis of direct-labor hours, the material-handling costs allocated to one lens would be what amount? 2. Under a costing system that allocates overhead on the basis of direct-labor hours, the material-handling costs allocated to one mirror would be what amount? 3. Under activity-based costing (ABC), the material-handling costs allocated to one lens would be what amount? The cost driver for the material-handling activity is the number of material moves. 4. Under activity-based costing (ABC), the material-handling costs allocated to one mirror would be what amount? The cost driver for the material-handling activity is the number of material moves.

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Description: please answer all the requirement otherwise skip it, ,please answer in text form Tioga Company manufactures sophisticated lenses and mirrors used in large optical telescopes. The company is now preparing itsannual profit plan. As part of its analysis

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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