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Torello Corporation manufactures two products Product H95V and Product V93N. The company uses a plantwide overhead rate based on direct labor- hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products H95V and V93N. Activity Cost Pool Machining Machine setups Product design Order size Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Multiple Choice Activity Measure Machine-hours Number of setups Number of products Direct labor-hours $293.000 Total Cost $ 242,000 $ 140,000 $ 70,000 $ 270,000 Total Activity 11,000 MHS 350 setups Product Product H95V V93N 6,000 250 5,000 100 1 1 6,000 4,000 Using the plantwide overhead rate, how much manufacturing overhead cost would be allocated to Product H95V? 2 products 10,000 DLHS

Torello Corporation manufactures two products Product H95V and Product V93N. The company uses a plantwide overhead rate based on direct labor- hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products H95V and V93N. Activity Cost Pool Machining Machine setups Product design Order size Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Multiple Choice Activity Measure Machine-hours Number of setups Number of products Direct labor-hours $293.000 Total Cost $ 242,000 $ 140,000 $ 70,000 $ 270,000 Total Activity 11,000 MHS 350 setups Product Product H95V V93N 6,000 250 5,000 100 1 1 6,000 4,000 Using the plantwide overhead rate, how much manufacturing overhead cost would be allocated to Product H95V? 2 products 10,000 DLHS

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Torello Corporation manufactures two products Product H95V and Product V93N. The company uses a plantwide overhead rate based on direct labor- hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products H95V and V93N. Activity Cost Pool Machining Machine setups Product design Order size Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Multiple Choice O 1433.200 Activity Measure Machine-hours Number of setups Number of products Direct labor-hours $293.000 Total Cost $ 242,000 $ 140,000 $ 70,000 $ 270,000 Total Activity 11,000 MHS Product Product H95V V93N 6,000 250 5,000 100 1 1 6,000 4,000 Using the plantwide overhead rate, how much manufacturing overhead cost would be allocated to Product H95V? 350 setups 2 products 10,000 DLHS
Transcribed Image Text:Torello Corporation manufactures two products Product H95V and Product V93N. The company uses a plantwide overhead rate based on direct labor- hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products H95V and V93N. Activity Cost Pool Machining Machine setups Product design Order size Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Multiple Choice O 1433.200 Activity Measure Machine-hours Number of setups Number of products Direct labor-hours $293.000 Total Cost $ 242,000 $ 140,000 $ 70,000 $ 270,000 Total Activity 11,000 MHS Product Product H95V V93N 6,000 250 5,000 100 1 1 6,000 4,000 Using the plantwide overhead rate, how much manufacturing overhead cost would be allocated to Product H95V? 350 setups 2 products 10,000 DLHS
Using the plantwide overhead rate, how much manufacturing overhead cost would be al Multiple Choice O $433,200 O $293.000 O $288.800 O $361.000
Transcribed Image Text:Using the plantwide overhead rate, how much manufacturing overhead cost would be al Multiple Choice O $433,200 O $293.000 O $288.800 O $361.000
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