Acct 2020: Question 3

Question Help Franklin Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified |Franklin Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2,600 our manufacturing activities that incur manufacturing overhead costs: materials handling, machine setup, insertion of parts, require 15 setups, and consume 1,600 hours of finishing time. parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: i (Click the icon for completed job data.) (Click the icon to view the data.) Read the requirements. Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then compute the rate for each activity i More Info - X Activity cost allocation rate Mat. handling per part Job 420 used 300 parts, required 2 setups, and consumed 120 finishing hours. Job 510 used 475 parts, required 5 setups, and consumed 340 finishing hours. Mach setup per setup Insertion per part Finishing per hour i Data Table - X Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. Activity MOH Cost Materials handling i Total Budgeted Requirements Manufacturing Activity Overhead Cost Allocation Base Machine setup Insertion of parts Materials handling . . . . . $ 13,000 Number of parts 1. Compute the cost allocation rate for each activity. 5,700 Number of setups 2. Compute the manufacturing overhead cost that should be assigned to Job 420. Machine setup Finishing 3. Compute the manufacturing overhead cost that should be assigned to Job 510. Insertion of parts . . . . . . 33,800 Number of parts Total Finishing . . .. 56,000 Finishing direct labor hours Requirement 3. Compute the manufacturing overhead cost tha Print Done S 108,500 Total. . . . . . . . . . . HAU And Choose from any list or enter any number in the input fields and then continue to the next question. Print Done