please explain how you came with the answers and include any formulas Tyler Champs Corp. uses activity-based costing to account for its motorcycle manufacturing process.Company managers have identified three supporting manufacturing activities: inspection, machine setup,and machine maintenance. The budgeted activity costs for 2018 and their allocation bases are as follows:Total budgeted costAllocation baseActivityInspectionMachine setup$6,900 Number of inspections20,000 Number of setups2,000 Finishing of machine hours$28,900Machine maintenanceTotalTyler champs expects to produce 20 custom-built motorcycles for the year. The motorcycles are expectedto require 60 inspections, 20 setups, and 100 machine hours.Requirements1. Compute the predetermined overhead allocation rate for each activity.2. Compute the expected indirect manufacturing cost of each motorcycle.

Overheads are considered as fixed and common expenses that should be allocated to the products on…

Tyler Champs Corp. uses activity-based costing to account for its motorcycle manufacturing process. Company managers have identified three supporting manufacturing activities: inspection, machine setup, and machine maintenance. The budgeted activity costs for 2018 and their allocation bases are as follows: Activity Inspection Machine setup Total budgeted cost Allocation base $6,900 Number of inspections 20,000 Number of setups 2,000 Finishing of machine hours $28,900 Machine maintenance Total Tyler champs expects to produce 20 custom-built motorcycles for the year. The motorcycles are expected to require 60 inspections, 20 setups, and 100 machine hours. Requirements 1. Compute the predetermined overhead allocation rate for each activity. Compute the expected indirect manufacturing cost of each motorcycle. 12.

Tyler Champs Corp. uses activity-based costing to account for its motorcycle manufacturing process. Company managers have identified three supporting manufacturing activities: inspection, machine setup, and machine maintenance. The budgeted activity costs for 2018 and their allocation bases are as follows: Activity Inspection Machine setup Total budgeted cost Allocation base $6,900 Number of inspections 20,000 Number of setups 2,000 Finishing of machine hours $28,900 Machine maintenance Total Tyler champs expects to produce 20 custom-built motorcycles for the year. The motorcycles are expected to require 60 inspections, 20 setups, and 100 machine hours. Requirements 1. Compute the predetermined overhead allocation rate for each activity. Compute the expected indirect manufacturing cost of each motorcycle. 12.

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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