Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

14. Calculate the total overhead applied to Job Beta. A. $6,094.60 B. $4,259.16 C. $4,236.73 D. $4,417.75 15. Calculate the total cost per unit of

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
14. Calculate the total overhead applied to Job Beta. A. $6,094.60 B. $4,259.16 C. $4,236.73 D. $4,417.75 15. Calculate the total cost per unit of Job Beta. A. $45.50/ unit B. $42.54 /unit C. $42.79 /unit D. $42.50 /unit 16. Calculate the OH Variance for Job Beta. A. $448.73 Underapplied B. $448.73 Overapplied C. $471.16 Underapplied D. $471.16 Overapplied 17. Assuming the variance is deemed IMMATERIAL, what are the parts of the journal entry to dispose of the variance? A. Debit: WIP, FG, COGS Credit: MOH B. Debit: MOH Credit: COGS C. Debit: COGS Credit: MOH D. Debit: MOH Credit: WIP, FG, COGS Each of the transactions in BOLD in Questions 1-12 above is related to the firm's actual activity for Job Beta in the current period. They will be needed to complete Questions 13-17. To summarize, the firm's actual activity pertaining to each of the transactions in Questions 1-12 above are as follows: In addition to the transactions above, the firm had the following information. First, they are currently using direct labor hours as the allocation base for overhead. In the current period, the firm expects to use $22,044 in total overhead. They also expect to use a total of 2,242 direct labor hours across the firm during the period. Job Beta contained 620 units. There are no additional costs, beyond those listed above, for Job Beta. 13. Calculate the firm's pre-determined overhead rate (PDOH) for the period. A. $10.25/DL Hour B. $10.25/ Mach Hour C. $9.83/Mach Hour D. $9.83/DL Hour 28. Using activity-based costing, what is the PER UNIT total cost of a unit of Chef's Coat? A. $10.00 /unit B. $39.25 /unit C. $45.33 /unit D. $48.17 /unit 29. Should Carmen switch from the plantwide allocation method to the activity-based costing method? Why or Why not? A. No. Total overhead costs are less under traditional costing. B. No. Traditional costing is more accurate than ABC costing. C. Yes. ABC leads to more accurate overhead allocation and better product pricing and product mix decision. D. Yes. Total overhead costs are less under ABC. 20. Using traditional costing, what is the total overhead applied to the Classic style? A. $249,772,40 B. $407,000.80 C. $752,270.94 D. $1,225,815.48 21. Using activity-based costing, what is the pre-determined overhead rate (PDOH) for the Grm activity? A. $11.37/mach. hr. B. $6.98/DL hr. C. $14.31/mach, hr. D. $57.2/mach. hr. 22. Using activity-based costing, what is the pre-determined overhead rate (PDOH) for the Salon activity? A. $21.42/DL hr. B. $10.36/DL hr. C. $10.45/DL hr. D. $17.02/mach. hr. 23. Using activity-based costing, what is the pre-determined overhead rate (PDOH) for the Laundry activity? A. $13.83/mach. hr. B. $11.44/ load C. $11.56/ load D. $8.49/DL hr. 24. Using activity-based costing, what is the total GYM overhead applied to the Classic Style? A. $415,476.54 B. $67,287.20 C. $330,116.58 D. $415,500.80 Activity-Based Costing Problem II Camen is the founder of Bear Wear, a kitchen linen and apparel manufacturer. Carmen currently uses a single plant-wide rate of $6.00 per direct labor hour to allocate overhead costs. During 2023, Bear Wear recorded the following information for its two most popular products. Carmen is considering a switch to activity-based costing and has calculated the following rates: 25. Using traditional costing, what is the PER UNIT total cost of a unit of the Chefs Coat? A. $11.92/ unit B. $33.33 /unit C. $42.50 /unit D. $45.25 /unit 26. Using activity-based costing, what is the total Cutting and Sewing overhead applied to the Chef's Coat? A. $750 B. $1,750 C. $2,500 D. $3,920 27. Using activity-based costing, what is the total Assembly and Embellishment overhead applied to the Chef's Coat? A. $1,650 B. $2,130 C. $3,780 D. $8,400 28. Using activity-based costing, what is the PER UNIT total cost of a unit of Chef's Coat? A. $10.00 /unit B. $39.25 /unit C. $45.33 /unit D. $48.17 /unit 29. Should Carmen switch from the plantwide allocation method to the activity-based costing method? Why or Why not? A. No. Total overhead costs are less under traditional costing. B. No. Traditional costing is more accurate than ABC costing. C. Yes. ABC leads to more accurate overhead allocation and better product pricing and product mix decision. D. Yes. Total overhead costs are less under ABC. 20. Using traditional costing, what is the total overhead applied to the Classic style? A. $249,772,40 B. $407,000.80 C. $752,270.94 D. $1,225,815.48 21. Using activity-based costing, what is the pre-determined overhead rate (PDOH) for the Grm activity? A. $11.37/mach. hr. B. $6.98/DL hr. C. $14.31/mach, hr. D. $57.2/mach. hr. 22. Using activity-based costing, what is the pre-determined overhead rate (PDOH) for the Salon activity? A. $21.42/DL hr. B. $10.36/DL hr. C. $10.45/DL hr. D. $17.02/mach. hr. 23. Using activity-based costing, what is the pre-determined overhead rate (PDOH) for the Laundry activity? A. $13.83/mach. hr. B. $11.44/ load C. $11.56/ load D. $8.49/DL hr. 24. Using activity-based costing, what is the total GYM overhead applied to the Classic Style? A. $415,476.54 B. $67,287.20 C. $330,116.58 D. $415,500.80 Activity-Based Costing Problem II Camen is the founder of Bear Wear, a kitchen linen and apparel manufacturer. Carmen currently uses a single plant-wide rate of $6.00 per direct labor hour to allocate overhead costs. During 2023, Bear Wear recorded the following information for its two most popular products. Carmen is considering a switch to activity-based costing and has calculated the following rates: 25. Using traditional costing, what is the PER UNIT total cost of a unit of the Chefs Coat? A. $11.92/ unit B. $33.33 /unit C. $42.50 /unit D. $45.25 /unit 26. Using activity-based costing, what is the total Cutting and Sewing overhead applied to the Chef's Coat? A. $750 B. $1,750 C. $2,500 D. $3,920 27. Using activity-based costing, what is the total Assembly and Embellishment overhead applied to the Chef's Coat? A. $1,650 B. $2,130 C. $3,780 D. $8,400 18. Using traditional costing, calculate the pre-determined overhead rate (PDOH). A. \$42.22/Machine Hour B. $42.22/ Direct Labor Hour C. $25.91/ Direct Labor Hour D. $25.91/ Machine Hour 19. Using traditional costing, what is the total cost of direct labor for the Classic style? A. $135,924.00 B. $409,379.40 C. $710,033.70 D. $102,422.40 Each of the transactions in BOLD in Questions 1-12 above is related to the firm's actual activity for Job Beta in the current period. They will be needed to complete Questions 13-17. To summarize, the firm's actual activity pertaining to each of the transactions in Questions 1-12 above are as follows: In addition to the transactions above, the firm had the following information. First, they are currently using direct labor hours as the allocation base for overhead. In the current period, the firm expects to use $22,044 in total overhead. They also expect to use a total of 2,242 direct labor hours across the firm during the period. Job Beta contained 620 units. There are no additional costs, beyond those listed above, for Job Beta. 13. Calculate the firm's pre-determined overhead rate (PDOH) for the period. A. $10.25/DL Hour B. $10.25/ Mach Hour C. $9.83/Mach Hour D. $9.83/DL Hour Each of the transactions in BOLD in Questions 1-12 above is related to the firm's actual activity for Job Beta in the current period. They will be needed to complete Questions 13-17. To summarize, the firm's actual activity pertaining to each of the transactions in Questions 1-12 above are as follows: In addition to the transactions above, the firm had the following information. First, they are currently using direct labor hours as the allocation base for overhead. In the current period, the firm expects to use $22,044 in total overhead. They also expect to use a total of 2,242 direct labor hours across the firm during the period. Job Beta contained 620 units. There are no additional costs, beyond those listed above, for Job Beta. 13. Calculate the firm's pre-determined overhead rate (PDOH) for the period. A. $10.25/DL Hour B. $10.25/ Mach Hour C. $9.83/Mach Hour D. $9.83/DL Hour 18. Using traditional costing, calculate the pre-determined overhead rate (PDOH). A. \$42.22/Machine Hour B. $42.22/ Direct Labor Hour C. $25.91/ Direct Labor Hour D. $25.91/ Machine Hour 19. Using traditional costing, what is the total cost of direct labor for the Classic style? A. $135,924.00 B. $409,379.40 C. $710,033.70 D. $102,422.40 14. Calculate the total overhead applied to Job Beta. A. $6,094.60 B. $4,259.16 C. $4,236.73 D. $4,417.75 15. Calculate the total cost per unit of Job Beta. A. $45.50/ unit B. $42.54 /unit C. $42.79 /unit D. $42.50 /unit 16. Calculate the OH Variance for Job Beta. A. $448.73 Underapplied B. $448.73 Overapplied C. $471.16 Underapplied D. $471.16 Overapplied 17. Assuming the variance is deemed IMMATERIAL, what are the parts of the journal entry to dispose of the variance? A. Debit: WIP, FG, COGS Credit: MOH B. Debit: MOH Credit: COGS C. Debit: COGS Credit: MOH D. Debit: MOH Credit: WIP, FG, COGS

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Accounting questions