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Accounting Management for Decisions Please do both problems, I am struggling to solve them and would appreciate the help Thank you Oliver Industries, a small,
Accounting Management for Decisions
Please do both problems, I am struggling to solve them and would appreciate the help
Thank you
Oliver Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year: (Click the icon to view activities, total costs, and cost drivers.) (Click the icon for additional information.) Read the requirements. 1. Compute the activity cost allocation rates for the year. (Round your answers to the nearest whole dollar.) First determine the formula to compute the allocation rate for the activity-based cost rate, then calculate the rate for each activity. Assume a job with one stair climber requires 8 direct labor (DL) hours to produce: 5 DL hours in the Machining Department and 3 DL hours in the Assembly Department. The plantwide overhead rate and departmental allocation rates are as follows: (Click the icon to view the plantwide overhead rate and departmental allocation rates.) Read the requirements. 1. How much MOH would be allocated to the job using the plantwide overhead rate? First, identify the formula, then calculate the amount of manufacturing overhead that would be allocated to the job if the plantwide overhead rate is used. Data tableStep by Step Solution
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