1 Chapter 43 and 11 soc 0 Saved Help Save 3 Exit This is really an odd situation, said Jim Carter, general manager of Highland Publishing Company We get most of thejobs we bid on 1 that require a lot of press time in the Printing Department, yet profits on thosejobs are never as high as they ought to be On the other hand, we lose most of the jobs we bid on that require a lot of time in the Binding Department I would be inclined to think that the problem is with our overhead rates, but we're already computing separate overhead rates for each department 50 what else could be wrong 10 Highland Publishing Company is a large organization that offers a variety of printing and binding work The Printing and Binding pants departments are supported by three service departments The costs of these service departments are allocated to other departments in the order listed below The Personnel cost is allocated based on number of employees The Custodial Services cost is allocated eBook based on square feet of space occupied and the Maintenance cost is allocated based on machine hours References Total Labor Square Feet of Number of Machine Direct Labo r Depa rtment Hours Space Occupied Employees Hours Hours Personnel 16, 900 12, 600 22 Custodial Services 8, 000 3,900 43 Maintenance 14, 200 10, 100 69 Printing 31, 000 40, 500 106 161, 000 11, 000 Binding 101, 000 20, 700 306 41, 000 76, 000 171, 100 87,800 546 202, 000 87, 000 Budgeted overhead costs in each department for the current year are shown below Personnel $ 320, 000 Custodial Services 66, 000 Maintenance 93, 200 Printing 412, 000 Binding 163, 000 Total budgeted cost M Because of its simplicity, the company has always used the direct method to allocate service department costs to the two operating departments Required 1 Using the step down method, allocate the service department costs to the consuming departments Then compute predetermined Submit GO ezto mheducation com Homework Help Q A from Online Tutor M Question 15 Chapter 7 Foundational C Launch Meeting Zoom Home Netflix (18) Chapter 7 Foundational i Saved Help Save 15 Required information The following information applies to the questions displayed below Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z The company uses Part 15 of 15 a plantwide overhead rate based on direct labor hours It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools The following additional information is available for the company as a whole and for Products Y and Z 10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10, 000 MHS Machine setups Number of setups $ 67,500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS eBook Activity Measure Product Y Product Z Machine hours 6,500 3, 500 Number of setups 50 100 References Number of products Direct labor hours 7 ,500 4, 500 15 Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z (Round your Percentage answers to 2 decimal place ) Product Y Product Z General factory cost Mc Graw Hill apter 7 Foundational Help Sa 2 Required information The following information applies to the questions displayed below Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z The company uses 2 of 15 a plantwide overhead rate based on direct labor hours It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools The following additional information is available for the company as a whole and for Products Y and Z Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10, 000 MHs Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS book Activity Measure Product Y Product Z Machine hours 6, 500 3, 500 Number of setups 50 100 ences Number of products Direct labor hours 7,500 4, 500 2 Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z (Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole dollar amount ) Product Y Product Z Manufacturing overhead allocated The level of fixed costs in the Maintenance Department is determined by peak period requirements Required eBook 1 How much Maintenance Department cost should be charged to the Forming Department and to the Assembly Department 2 How much, if any, of the actual Maintenance Department costs for the year should be treated as a spending variance and not charged to the Forming and Assembly departments References Complete this question by entering your answers in the tabs below Required 1 Required 2 How much, if any, of the actual Maintenance Department costs for the year should be treated as a spending variance and not charged to the Forming and Assembly departments Spending variance Chapter 7 Foundational i 9 Required information The following information applies to the questions displayed below Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z The company uses Part 9 of 15 a plantwide overhead rate based on direct labor hours It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools The following additional information is available for the company as a whole and for Products Y and Z 10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10, 000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS Book Activity Measure Product Y Product Z Machine hours 6,500 3,500 Number of setups 50 100 References Number of products Direct labor hours 7, 500 4, 500 9 Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y (Round all intermediate calculations to 2 decimal places ) Total manufacturing overhead cost Mc Graw Required 1 How much Maintenance Department cost should be charged to the Forming Department and to the Assembly Department 2 How much, if any, of the actual Maintenance Department costs for the year should be treated as a spending variance and not charged to the Forming and Assembly departments Complete this question by entering your answers in the tabs below Required 1 Required 2 How much Maintenance Department cost should be charged to the Forming Department and to the Assembly Department Forming Assembly Department Department Total cost charged Required 1 Required 2 work Help Q A from Online Tutor M Question 14 Chapter 7 Foundational C Launch Meeting Zoom Home Netflix Chapter 7 Foundational i Saved Help 14 Required information The following information applies to the questions displayed below Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z The company uses Part 14 of 15 a plantwide overhead rate based on direct labor hours It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools The following additional information is available for the company as a whole and for Products Y and Z 10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10, 000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS Book Activity Measure Product Y Product Z Machine hours 6,500 3, 500 Number of setups 50 100 References Number of products 1 Direct labor hours 7, 500 4, 500 14 Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z Product Y Product Z Product design cost Chapter 7 Foundational i Saved Help Required information The following information applies to the questions displayed below Part 7 of 15 Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z 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 $586,500 of its manufacturing overhead to four cost pools The following additional information is available for the company as a whole and for Products Y and Z 10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10,000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS eBook Activity Measure Product Y Product Z Machine hours 6,500 3, 500 Number of setups 50 100 References Number of products Direct labor hours 7 , 500 4,500 7 Which of the four activities is a batch level activity General factory Product design Machine setups Machining Mc Graw HillHelp Save E 3 Sharp Motor Company has two operating divisions an Auto Division and a Truck Division The company has a cafeteria that serves the employees of both divisions The costs of operating the cafeteria are budgeted at $90,000 per month plus $0 50 per meal served The company pays all the cost of the meals The fixed costs of the cafeteria are determined by peak period requirements The Auto Division is responsible for 71 of the peak period requirements, and the Truck Division is responsible for the other 29 10 points For June, the Auto Division estimated it would need 87,000 meals served, and the Truck Division estimated it would need 57,000 meals served However, due to unexpected layoffs of employees during the month, only 57,000 meals were served to the Auto Division Another 57,000 meals were served to the Truck Division as planned eBook The cafeteria's actual fixed costs for June totaled $98,000 and its actual meal costs totaled $73,000 Required 1 How much cafeteria cost should be charged to each division for June References 2 Assume the company follows the practice of allocating all cafeteria costs incurred each month to the divisions in proportion to the number of meals served to each division during the month On this basis, how much cost would be allocated to each division for June (Round your intermediate calculations to 2 decimal places ) Auto Truck Division Division 1 Total cost charged 2 Total cost allocatedQ A from Online Tutor M Question 1 Chapter 7 Foundational Co Launch Meeting Zoom Home Netflix (18 pter 7 Foundational i Saved Help Save Required information The following information applies to the questions displayed below 1 of 15 Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z 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 $586,500 of its manufacturing overhead to four cost pools The following additional information is available for the company as a whole and for Products Y and Z Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine ho $ 195, 000 10,000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS Book Activity Measure Product Y Product Z n Machine hours 6,500 3, 500 Number of setups 50 100 erences Number of products Direct labor hours 7 ,500 4,500 Required 1 What is the company's plantwide overhead rate (Round your answer to 2 decimal places ) Plantwide overhead rate per DLHomework Help Q A from Online Tutor Chapter 7 Foundational i Saved Help 5 Required information The following information applies to the questions displayed below Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z The company uses Part 5 of 15 a plantwide overhead rate based on direct labor hours It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools The following additional information is available for the company as a whole and for Products Y and Z 10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10,000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHs eBook Activity Measure Product Y Product Z Machine hours 6, 500 3, 500 Number of setups 50 100 References Number of products 1 Direct labor hours 7 , 500 4, 500 5 What is the activity rate for the Product Design activity cost pool Activity rate per product Mc Graw Chapter 7 Foundational i Saved Help Sa 8 Required information The following information applies to the questions displayed below Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z The company uses Part 8 of 15 a plantwide overhead rate based on direct labor hours It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools The following additional information is available for the company as a whole and for Products Y and Z 10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10, 000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12,000 DLHs eBook Activity Measure Product Y Product Z Machine hours 6, 500 3, 500 Number of setups 150 100 References Number of products Direct labor hours 7,500 4,500 8 Which of the four activities is a product level activity Product design General factory Machining O Machine setups Mc Graw UPULLIIIVIEW Required 1 Using the step down method, allocate the service department costs to the consuming departments Then compute predetermined overhead rates in the two operating departments Use machine hours as the allocation base in the Printing Department and direct labor hours as the allocation base in the Binding Department 2 Repeat (1) above, this time using the direct method Again compute predetermined overhead rates in the Printing and Binding departments 3 Assume that during the current year the company bids on a job that requires machine and labor time as follows Direct Labor Machine Hours Hours Printing Department 2, 800 1, 300 Binding Department 600 13, 900 Total hours 3, 400 15, 200 a Determine the amount of overhead cost that would be assigned to the job if the company used the overhead rates developed in (1) above Then determine the amount of overhead cost that would be assigned to the job if the company used the overhead rates developed in (2) above Complete this question by entering your answers in the tabs below mework Help Q A from Online Tutor M Question 12 Chapter 7 Foundational C Launch Meeting Zoom N Home Netflix Chapter 7 Foundational i Saved Help 12 Required information The following information applies to the questions displayed below Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z The company uses Part 12 of 15 a plantwide overhead rate based on direct labor hours It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools The following additional information is available for the company as a whole and for Products Y and Z 10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10, 000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS eBook Activity Measure Product Y Product Z Machine hours 6,500 3 , 500 Number of setups 50 100 References Number of products Direct labor hours 7, 500 4, 500 12 Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z (Round your Percentage answers to 2 decimal places ) Product Y Product Z Machining cost Mc Prey 12 13 14 15 of 15 Next Chapter 7 Foundational i Saved 10 Required information The following information applies to the questions displayed below Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z The company uses Part 10 of 15 a plantwide overhead rate based on direct labor hours It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools The following additional information is available for the company as a whole and for Products Y and Z 10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10,000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS eBook Activity Measure Product Y Product Z Machine hours 6, 500 3, 500 Number of setups 50 100 References Number of products 1 Direct labor hours 7, 500 4, 500 10 Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z Total manufacturing overhead costReq 1 Reg 2 Req 3A Repeat requirement 1 above, this time using the direct method Again compute predetermined overhead rates in the Printing and Binding departments (Please enter allocations from a department as negative and allocations to a department as positive The line should add across to zero Do not round intermediate calculations Round Predetermined overhead rate to 2 decimal places and rest of the answers to the nearest whole dollar amount ) Show less A Personnel Custodial Maintenance Printing Binding Services Departmental costs before allocations $ 320,000 $ 66,000 $ 93,200 $ 412,000 $ 163,000 Allocations Personnel costs Custodial services costs Maintenance costs Total costs after allocations Predetermined overhead rate G ezto mheducation com Home Netflix ework Help Q A from Online Tutor M Question 6 Chapter 7 Foundational C Launch Meeting Zoom Saved Help Chapter 7 Foundational i 6 Required information The following information applies to the questions displayed below Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z The company uses Part 6 of 15 a plantwide overhead rate based on direct labor hours It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools The following additional information is available for the company as a whole and for Products Y and Z 10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10, 000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHs eBook Activity Measure Product Y Product Z Machine hours 6, 500 3,500 Number of setups 50 100 References Number of products Direct labor hours 7,500 4, 500 6 What is the activity rate for the General Factory activity cost pool (Round your answer to 2 decimal places ) Activity rate per DLHHelp 3 Required information The following information applies to the questions displayed below Part 3 of 15 Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z 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 $586,500 of its manufacturing overhead to four cost pools The following additional information is available for the company as a whole and for Products Y and Z 10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10, 000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS eBook Activity Measure Product Y Product Z Machine hours 6,500 3, 500 Number of setups 50 100 References Number of products Direct labor hours 7, 500 4,500 3 What is the activity rate for the Machining activity cost pool (Round your answer to 2 decimal places ) Activity rate per MH Mc Graw a Determine the amount of overhead cost that would be assigned to the job if the company used the overhead rates developed above Then determine the amount of overhead cost that would be assigned to the job if the company used the overhead rates developed in (2) above Complete this question by entering your answers in the tabs below Req 1 Req 2 Req 3A Determine the amount of overhead cost that would be assigned to the job if the company used the overhead rates developed in requirement 1 above Then determine the amount of overhead cost that would be assigned to the job if the company used the overhead rates developed in requirement 2 (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount ) Show less Total Overhead Cost Step down method Direct method Chapter 7 Foundational i Saved Help Save 11 Required information The following information applies to the questions displayed below Part 11 of 15 Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z 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 $586,500 of its manufacturing overhead to four cost pools The following additional information is available for the company as a whole and for Products Y and Z 10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hour $ 195, 000 10, 000 MH Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 00 products General factory Direct labor hours $ 245, 000 12, 000 DLHS eBook Activity Measure Product Y Product Z Machine hours 6, 500 3, 500 Number of setups 50 100 References Number of products Direct labor hours 7, 500 4, 500 11 Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z (Round your Percentage answers to 2 decimal place ) Product Y Product Z Manufacturing overhead Mc GrawChapter 4B and 11 SDC i Saved Help Save Exit 2 Tasman Products, Limited, of Australia has a Maintenance Department that services the equipment in the company's Forming Department and Assembly Department The cost of this servicing is charged to the operating departments on the basis of machine hours Cost and other data relating to the Maintenance Department and to the other two departments for the most recent year are presented below Data for the Maintenance Department follow 10 points Budget Actual Variable costs for lubricants $ 286, 900 $ 366, 970 Fixed costs for salaries and other $ 198, 000 $ 212, 800 eBook Budgeted at $19 per machine hour References Data for the Forming and Assembly Departments follow Percentage Machine Hours of Peak Period Capacity Required Budget Actual Forming Department 65 10, 500 12, 500 Assembly Department 35 4, 600 3, 600 Total 100 15, 100 16, 100 The level of fixed costs in the Maintenance Department is determined by peak period requirements Required 1 How much Maintenance Department cost should be charged to the Forming Department and to the Assembly Department 2 How much, if any, of the actual Maintenance Department costs for the year should be treated as a spending variance and not charged to the Forming and Assembly departments Complete this question by entering your answers in the tabs below

Question

1 Chapter 43 and 11 soc 0 Saved Help Save 3  Exit   This is really an odd situation,  said Jim Carter, general manager of Highland Publishing Company    We get most of thejobs we bid on 1 that require a lot of press time in the Printing Department, yet profits on thosejobs are never as high as they ought to be  On the other hand, we lose most of the jobs we bid on that require a lot of time in the Binding Department  I would be inclined to think that the problem is with our overhead rates, but we're already computing separate overhead rates for each department  50 what else could be wrong    10  Highland Publishing Company is a large organization that offers a variety of printing and binding work  The Printing and Binding pants departments are supported by three service departments  The costs of these service departments are allocated to other departments in the order listed below  The Personnel cost is allocated based on number of employees  The Custodial Services cost is allocated eBook based on square feet of space occupied and the Maintenance cost is allocated based on machine hours  References Total Labor Square Feet of Number of Machine Direct Labo r  Depa rtment Hours Space Occupied Employees Hours Hours Personnel 16, 900 12, 600 22 Custodial Services 8, 000 3,900 43 Maintenance 14, 200 10, 100 69 Printing 31, 000 40, 500 106 161, 000 11, 000 Binding 101, 000 20, 700 306 41, 000 76, 000 171, 100 87,800 546 202, 000 87, 000 Budgeted overhead costs in each department for the current year are shown below  Personnel $ 320, 000 Custodial Services 66, 000 Maintenance 93, 200 Printing 412, 000 Binding 163, 000 Total budgeted cost M Because of its simplicity, the company has always used the direct method to allocate service department costs to the two operating departments  Required  1  Using the step down method, allocate the service department costs to the consuming departments  Then compute predetermined Submit GO ezto mheducation com Homework Help   Q A from Online Tutor    M Question 15   Chapter 7 Foundational   C   Launch Meeting   Zoom Home   Netflix (18) Chapter 7 Foundational i Saved Help Save   15 Required information The following information applies to the questions displayed below   Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z  The company uses Part 15 of 15 a plantwide overhead rate based on direct labor hours  It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools  The following additional information is available for the company as a whole and for Products Y and Z  10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10, 000 MHS Machine setups Number of setups $ 67,500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS eBook Activity Measure Product Y Product Z Machine hours 6,500 3, 500 Number of setups 50 100 References Number of products Direct labor hours 7 ,500 4, 500 15  Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z  (Round your  Percentage  answers to 2 decimal place ) Product Y Product Z General factory cost     Mc Graw Hill apter 7 Foundational Help Sa 2 Required information The following information applies to the questions displayed below   Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z  The company uses 2 of 15 a plantwide overhead rate based on direct labor hours  It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools  The following additional information is available for the company as a whole and for Products Y and Z  Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10, 000 MHs Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS book Activity Measure Product Y Product Z Machine hours 6, 500 3, 500 Number of setups 50 100 ences Number of products Direct labor hours 7,500 4, 500 2  Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z  (Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole dollar amount ) Product Y Product Z Manufacturing overhead allocated The level of fixed costs in the Maintenance Department is determined by peak period requirements  Required  eBook 1  How much Maintenance Department cost should be charged to the Forming Department and to the Assembly Department  2  How much, if any, of the actual Maintenance Department costs for the year should be treated as a spending variance and not charged to the Forming and Assembly departments  References Complete this question by entering your answers in the tabs below  Required 1 Required 2 How much, if any, of the actual Maintenance Department costs for the year should be treated as a spending variance and not charged to the Forming and Assembly departments  Spending variance Chapter 7 Foundational i 9 Required information  The following information applies to the questions displayed below   Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z  The company uses Part 9 of 15 a plantwide overhead rate based on direct labor hours  It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools  The following additional information is available for the company as a whole and for Products Y and Z  10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10, 000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS Book Activity Measure Product Y Product Z Machine hours 6,500 3,500 Number of setups 50 100 References Number of products Direct labor hours 7, 500 4, 500 9  Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y  (Round all intermediate calculations to 2 decimal places ) Total manufacturing overhead cost Mc Graw Required  1  How much Maintenance Department cost should be charged to the Forming Department and to the Assembly Department  2  How much, if any, of the actual Maintenance Department costs for the year should be treated as a spending variance and not charged to the Forming and Assembly departments  Complete this question by entering your answers in the tabs below  Required 1 Required 2 How much Maintenance Department cost should be charged to the Forming Department and to the Assembly Department  Forming Assembly Department Department Total cost charged Required 1 Required 2  work Help   Q A from Online Tutor    M Question 14   Chapter 7 Foundational   C    Launch Meeting   Zoom Home   Netflix Chapter 7 Foundational i Saved Help 14 Required information  The following information applies to the questions displayed below   Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z  The company uses Part 14 of 15 a plantwide overhead rate based on direct labor hours  It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools  The following additional information is available for the company as a whole and for Products Y and Z  10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10, 000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS Book Activity Measure Product Y Product Z Machine hours 6,500 3, 500 Number of setups 50 100 References Number of products 1 Direct labor hours 7, 500 4, 500 14  Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z  Product Y Product Z Product design cost    Chapter 7 Foundational i Saved Help Required information  The following information applies to the questions displayed below   Part 7 of 15 Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z  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 $586,500 of its manufacturing overhead to four cost pools  The following additional information is available for the company as a whole and for Products Y and Z  10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10,000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS eBook Activity Measure Product Y Product Z Machine hours 6,500 3, 500 Number of setups 50 100 References Number of products Direct labor hours 7 , 500 4,500 7  Which of the four activities is a batch level activity  General factory Product design Machine setups Machining Mc Graw HillHelp Save   E 3 Sharp Motor Company has two operating divisions an Auto Division and a Truck Division  The company has a cafeteria that serves the employees of both divisions  The costs of operating the cafeteria are budgeted at $90,000 per month plus $0 50 per meal served  The company pays all the cost of the meals  The fixed costs of the cafeteria are determined by peak period requirements  The Auto Division is responsible for 71  of the peak  period requirements, and the Truck Division is responsible for the other 29   10 points For June, the Auto Division estimated it would need 87,000 meals served, and the Truck Division estimated it would need 57,000 meals served  However, due to unexpected layoffs of employees during the month, only 57,000 meals were served to the Auto Division  Another 57,000 meals were served to the Truck Division as planned  eBook The cafeteria's actual fixed costs for June totaled $98,000 and its actual meal costs totaled $73,000  Required  1  How much cafeteria cost should be charged to each division for June  References 2  Assume the company follows the practice of allocating all cafeteria costs incurred each month to the divisions in proportion to the number of meals served to each division during the month  On this basis, how much cost would be allocated to each division for June  (Round your intermediate calculations to 2 decimal places ) Auto Truck Division Division 1  Total cost charged 2  Total cost allocatedQ A from Online Tutor    M Question 1   Chapter 7 Foundational   Co    Launch Meeting   Zoom Home   Netflix (18 pter 7 Foundational i Saved Help Save Required information  The following information applies to the questions displayed below   1 of 15 Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z  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 $586,500 of its manufacturing overhead to four cost pools  The following additional information is available for the company as a whole and for Products Y and Z  Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine ho $ 195, 000 10,000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS Book Activity Measure Product Y Product Z n Machine hours 6,500 3, 500 Number of setups 50 100 erences Number of products Direct labor hours 7 ,500 4,500 Required  1  What is the company's plantwide overhead rate  (Round your answer to 2 decimal places ) Plantwide overhead rate per DLHomework Help   Q A from Online Tutor    Chapter 7 Foundational i Saved Help 5 Required information The following information applies to the questions displayed below   Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z  The company uses Part 5 of 15 a plantwide overhead rate based on direct labor hours  It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools  The following additional information is available for the company as a whole and for Products Y and Z  10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10,000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHs eBook Activity Measure Product Y Product Z Machine hours 6, 500 3, 500 Number of setups 50 100 References Number of products 1 Direct labor hours 7 , 500 4, 500 5  What is the activity rate for the Product Design activity cost pool  Activity rate per product Mc Graw Chapter 7 Foundational i Saved Help Sa 8 Required information  The following information applies to the questions displayed below   Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z  The company uses Part 8 of 15 a plantwide overhead rate based on direct labor hours  It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools  The following additional information is available for the company as a whole and for Products Y and Z  10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10, 000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12,000 DLHs eBook Activity Measure Product Y Product Z Machine hours 6, 500 3, 500 Number of setups 150 100 References Number of products Direct labor hours 7,500 4,500 8  Which of the four activities is a product level activity  Product design General factory Machining O Machine setups Mc Graw UPULLIIIVIEW   Required  1  Using the step down method, allocate the service department costs to the consuming departments  Then compute predetermined overhead rates in the two operating departments  Use machine hours as the allocation base in the Printing Department and direct labor hours as the allocation base in the Binding Department  2  Repeat (1) above, this time using the direct method  Again compute predetermined overhead rates in the Printing and Binding departments  3  Assume that during the current year the company bids on a job that requires machine and labor time as follows  Direct Labor  Machine Hours Hours Printing Department 2, 800 1, 300 Binding Department 600 13, 900 Total hours 3, 400 15, 200 a  Determine the amount of overhead cost that would be assigned to the job if the company used the overhead rates developed in (1) above  Then determine the amount of overhead cost that would be assigned to the job if the company used the overhead rates developed in (2) above  Complete this question by entering your answers in the tabs below mework Help   Q A from Online Tutor    M Question 12   Chapter 7 Foundational   C    Launch Meeting   Zoom N Home   Netflix Chapter 7 Foundational i Saved Help 12 Required information  The following information applies to the questions displayed below   Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z  The company uses Part 12 of 15 a plantwide overhead rate based on direct labor hours  It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools  The following additional information is available for the company as a whole and for Products Y and Z  10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10, 000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS eBook Activity Measure Product Y Product Z Machine hours 6,500 3 , 500 Number of setups 50 100 References Number of products Direct labor hours 7, 500 4, 500 12  Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z  (Round your  Percentage  answers to 2 decimal places ) Product Y Product Z Machining cost     Mc Prey 12 13 14 15 of 15 Next  Chapter 7 Foundational i Saved 10 Required information The following information applies to the questions displayed below   Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z  The company uses Part 10 of 15 a plantwide overhead rate based on direct labor hours  It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools  The following additional information is available for the company as a whole and for Products Y and Z  10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10,000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS eBook Activity Measure Product Y Product Z Machine hours 6, 500 3, 500 Number of setups 50 100 References Number of products 1 Direct labor hours 7, 500 4, 500 10  Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z  Total manufacturing overhead costReq 1 Reg 2 Req 3A Repeat requirement 1 above, this time using the direct method  Again compute predetermined overhead rates in the Printing and Binding departments  (Please enter allocations from a department as negative and allocations to a department as positive  The line should add across to zero  Do not round intermediate calculations  Round  Predetermined overhead rate  to 2 decimal places and rest of the answers to the nearest whole dollar amount ) Show less A Personnel Custodial Maintenance Printing Binding Services Departmental costs before allocations $ 320,000 $ 66,000 $ 93,200 $ 412,000 $ 163,000 Allocations  Personnel costs Custodial services costs Maintenance costs Total costs after allocations Predetermined overhead rate G ezto mheducation com Home   Netflix ework Help   Q A from Online Tutor    M Question 6   Chapter 7 Foundational   C   Launch Meeting   Zoom Saved Help Chapter 7 Foundational i 6 Required information  The following information applies to the questions displayed below   Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z  The company uses Part 6 of 15 a plantwide overhead rate based on direct labor hours  It is considering implementing an activity based costing (ABC) system that allocates all $586,500 of its manufacturing overhead to four cost pools  The following additional information is available for the company as a whole and for Products Y and Z  10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10, 000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHs eBook Activity Measure Product Y Product Z Machine hours 6, 500 3,500 Number of setups 50 100 References Number of products Direct labor hours 7,500 4, 500 6  What is the activity rate for the General Factory activity cost pool  (Round your answer to 2 decimal places ) Activity rate per DLHHelp 3 Required information  The following information applies to the questions displayed below   Part 3 of 15 Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z  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 $586,500 of its manufacturing overhead to four cost pools  The following additional information is available for the company as a whole and for Products Y and Z  10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hours $ 195, 000 10, 000 MHS Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 000 2 products General factory Direct labor hours $ 245, 000 12, 000 DLHS eBook Activity Measure Product Y Product Z Machine hours 6,500 3, 500 Number of setups 50 100 References Number of products Direct labor hours 7, 500 4,500 3  What is the activity rate for the Machining activity cost pool  (Round your answer to 2 decimal places ) Activity rate per MH Mc Graw a  Determine the amount of overhead cost that would be assigned to the job if the company used the overhead rates developed above  Then determine the amount of overhead cost that would be assigned to the job if the company used the overhead rates developed in (2) above  Complete this question by entering your answers in the tabs below  Req 1 Req 2 Req 3A Determine the amount of overhead cost that would be assigned to the job if the company used the overhead rates developed in requirement 1 above  Then determine the amount of overhead cost that would be assigned to the job if the company used the overhead rates developed in requirement 2  (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount ) Show less Total Overhead Cost Step down method Direct method Chapter 7 Foundational i Saved Help Save 11 Required information  The following information applies to the questions displayed below   Part 11 of 15 Hickory Company manufactures two products 14,000 units of Product Y and 6,000 units of Product Z  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 $586,500 of its manufacturing overhead to four cost pools  The following additional information is available for the company as a whole and for Products Y and Z  10 points Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine hour $ 195, 000 10, 000 MH Machine setups Number of setups $ 67, 500 150 setups Product design Number of products $ 79, 00 products General factory Direct labor hours $ 245, 000 12, 000 DLHS eBook Activity Measure Product Y Product Z Machine hours 6, 500 3, 500 Number of setups 50 100 References Number of products Direct labor hours 7, 500 4, 500 11  Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z  (Round your  Percentage  answers to 2 decimal place ) Product Y Product Z Manufacturing overhead     Mc GrawChapter 4B and 11 SDC i Saved Help Save   Exit 2 Tasman Products, Limited, of Australia has a Maintenance Department that services the equipment in the company's Forming Department and Assembly Department  The cost of this servicing is charged to the operating departments on the basis of machine  hours  Cost and other data relating to the Maintenance Department and to the other two departments for the most recent year are presented below  Data for the Maintenance Department follow  10 points Budget Actual Variable costs for lubricants $ 286, 900  $ 366, 970 Fixed costs for salaries and other $ 198, 000 $ 212, 800 eBook  Budgeted at $19 per machine hour  References Data for the Forming and Assembly Departments follow  Percentage Machine Hours of Peak  Period Capacity Required Budget Actual Forming Department 65  10, 500 12, 500 Assembly Department 35  4, 600 3, 600 Total 100  15, 100 16, 100 The level of fixed costs in the Maintenance Department is determined by peak period requirements  Required  1  How much Maintenance Department cost should be charged to the Forming Department and to the Assembly Department  2  How much, if any, of the actual Maintenance Department costs for the year should be treated as a spending variance and not charged to the Forming and Assembly departments  Complete this question by entering your answers in the tabs below

Accepted Answer

The Answer is in the image, click to view ...

Question

#1 Chapter 43 and 11 soc 0 Saved Help Save 3. Exit This is really an odd situation, said Jim Carter, general manager of Highland

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Fundamentals of Cost Accounting

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question