{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T15:13:38-04:00", "answer_date": "2024-05-29 15:13:38", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1891874", "url": "\/study-help\/questions\/8-activity-based-costing-incremental-analysis-part-a-50-1891874", "question_creation_date_js": "2024-05-29T15:13:38-04:00", "question_creation_date": "May 29, 2024 03:13 PM", "meta_title": "[Solved] #8 (Activity Based Costing & Incremental | SolutionInn", "meta_description": "Answer of - #8 (Activity Based Costing & Incremental Analysis) Part A 50 MARKS 35 Marks In another of its divisions, Milles Fleurs | SolutionInn", "meta_keywords": "8,activity,based,costing,incremental,analysis,part,50,marks,35,divisions,milles", "question_title_h1": " #8 (Activity Based Costing & Incremental Analysis) Part A 50 MARKS 35 Marks In another of its divisions, Milles Fleurs Inc. has recently completed", "question_title": " #8 (Activity Based Costing & Incremental Analysis) Part A 50 MARKS", "question_title_for_js_snippet": " 8 (Activity Based Costing Incremental Analysis) Part A 50 MARKS 35 Marks In another of its divisions, Milles Fleurs Inc has recently completed an exercise to utilize yet another costing system, Activity Based Costing, as the new Cost Accountant has advised of the numerous benefits of utilizing ABC The division incurs $701,000 of overhead costs each year in its three main activity cost pools, machining, inspections, and packing The machining department works 4,000 hours per year, there are 600 inspections per year, and the packing department packs 1,000 orders per year Details are as follows Overhead Costs Total Activity Machining $400,000 Cost Driver Machining Hours Product X Product Y Driver Inspections $201,000 of Inspections 1,000 100 3,000 4,000 500 600 Packing $100,000 Orders Packed 350 650 1,000 Required a Compute the overhead rate for each Activity b Assign the Overhead cost to each product The following have been provided for Product X Direct Materials Direct Labor No of Units produced $225,000 $325,000 15,000 Compute the total cost per unit of product X (6 Marks) (6 Marks) (3 Marks)", "question_description": "\"image", "transcribed_text": "#8 (Activity Based Costing & Incremental Analysis) Part A 50 MARKS 35 Marks In another of its divisions, Milles Fleurs Inc. has recently completed an exercise to utilize yet another costing system, Activity Based Costing, as the new Cost Accountant has advised of the numerous benefits of utilizing ABC. The division incurs $701,000 of overhead costs each year in its three main activity cost pools, machining, inspections, and packing. The machining department works 4,000 hours per year, there are 600 inspections per year, and the packing department packs 1,000 orders per year. Details are as follows: Overhead Costs Total Activity Machining $400,000 Cost Driver Machining Hours Product X Product Y Driver Inspections $201,000 # of Inspections 1,000 100 3,000 4,000 500 600 Packing $100,000 Orders Packed 350 650 1,000 Required: a. Compute the overhead rate for each Activity. b. Assign the Overhead cost to each product. The following have been provided for Product X: Direct Materials Direct Labor No. of Units produced $225,000 $325,000 15,000 Compute the total cost per unit of product X. (6 Marks) (6 Marks) (3 Marks)", "related_book": { "title": "Principles of Accounting", "isbn": "978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985", "edition": "12th edition", "authors": "Belverd E. Needles, Marian Powers and Susan V. Crosson", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/285.jpg", "uri": "\/textbooks\/principles-of-accounting-12th-edition-285", "see_more_uri": "" }, "free_related_book": { "isbn": "1626813612", "uri": "\/textbooks\/sacred-cows-the-truth-about-divorce-and-marriage-1st-edition-978-1626813618-264036", "name": "Sacred Cows The Truth About Divorce And Marriage", "edition": "1st Edition" }, "question_posted": "2024-05-29 15:13:38", "see_more_questions_link": "\/study-help\/questions\/business-human-resource-management-2020-May-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/general-chemistry-principles\/write-balanced-equations-based-on-the-information-given-a-solid-1154917", "description": "Write balanced equations based on the information given. 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