Homework Help is Here – Start Your Trial Now!
Business
Accounting
Two-Stage ABC for Manufacturing Merlot Company has determined its activity cost pools and cost drivers to be the following: Cost pools Setup Material handling Machine operation Packing Total indirect manufacturing costs Cost drivers Setups Material moves Machine hours Packing orders Setups Material moves 80 20 Machine hours 1,900 Packing orders 150 Setup Material handling Machine operation Answer Packing Answer $ 56,000 Answer 12,800 One product made by Merlot, metal casements, used the following activities during the period to produce 500 units: Answer 240,000 60,000 $368,800 400 800 (a) Calculate the cost per unit of activity for each activity cost pool for Merlot company. 16,000 1,000 (b) Calculate the manufacturing overhead cost per metal casement manufactured during the period. Round your answer to the nearest cent. $Answer

Two-Stage ABC for Manufacturing Merlot Company has determined its activity cost pools and cost drivers to be the following: Cost pools Setup Material handling Machine operation Packing Total indirect manufacturing costs Cost drivers Setups Material moves Machine hours Packing orders Setups Material moves 80 20 Machine hours 1,900 Packing orders 150 Setup Material handling Machine operation Answer Packing Answer $ 56,000 Answer 12,800 One product made by Merlot, metal casements, used the following activities during the period to produce 500 units: Answer 240,000 60,000 $368,800 400 800 (a) Calculate the cost per unit of activity for each activity cost pool for Merlot company. 16,000 1,000 (b) Calculate the manufacturing overhead cost per metal casement manufactured during the period. Round your answer to the nearest cent. $Answer

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Please do not give solution in image format thanku 

Two-Stage ABC for Manufacturing Merlot Company has determined its activity cost pools and cost drivers to be the following: Cost pools Setup Material handling Machine operation Packing Total indirect manufacturing costs $368,800 Cost drivers Setups Material moves Machine hours Packing orders Setups Material moves 80 20 Machine hours 1,900 Packing orders 150 Setup Material handling Machine operation Answer Packing Answer $ 56,000 Answer 12,800 One product made by Merlot, metal casements, used the following activities during the period to produce 500 units: Answer 240,000 60,000 400 800 16,000 (a) Calculate the cost per unit of activity for each activity cost pool for Merlot company. 1,000 (b) Calculate the manufacturing overhead cost per metal casement manufactured during the period. Round your answer to the nearest cent. $Answer
Transcribed Image Text:Two-Stage ABC for Manufacturing Merlot Company has determined its activity cost pools and cost drivers to be the following: Cost pools Setup Material handling Machine operation Packing Total indirect manufacturing costs $368,800 Cost drivers Setups Material moves Machine hours Packing orders Setups Material moves 80 20 Machine hours 1,900 Packing orders 150 Setup Material handling Machine operation Answer Packing Answer $ 56,000 Answer 12,800 One product made by Merlot, metal casements, used the following activities during the period to produce 500 units: Answer 240,000 60,000 400 800 16,000 (a) Calculate the cost per unit of activity for each activity cost pool for Merlot company. 1,000 (b) Calculate the manufacturing overhead cost per metal casement manufactured during the period. Round your answer to the nearest cent. $Answer
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 4 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Quality control
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS