Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Activity driverO Squared edge Activity rate Overhead assigned incurred Components 12.001% lo Supervision Depreciation of machinery Per machine hour Per setup Determine average cost per

image text in transcribed
image text in transcribed
Activity driverO Squared edge Activity rate Overhead assigned incurred Components 12.001% lo Supervision Depreciation of machinery Per machine hour Per setup Determine average cost per foot for each of the two products using ABC. Rounded edge Squared edge She has also collected the following information about the cost drivers for each category (cost pool) and the amount of each driver used by the two product lines. (Round activity rate and cost per unit answers to 2 decimal places.) Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Driver Rounded Edge Squared Edge Total Direct labor cost () Machine hours $6,100 $11,900 $18,000 200 hours 32 times 700 hours 93 times 900 hours 125 times Setups (number) Required: 1. Assign these three overhead cost pools to each of the two products using ABC. Activity Overhead Cost Activity Drivers Activity Rate Supervision 2,160 18,000 Direct labor cost 12.001 % l of direct labor cost Depreciation of machinery28,840900 Machin Assembly line preparation Per machine hour Setups Per setup Activity driverOverhead assigned Rounded edge Activity rate incurred Supervision Depreciation of machinery Assembly line preparation Per machine hour Per setup Activity driverO Squared edge Activity rate Overhead assigned incurred Components 12.001% lo Supervision Depreciation of machinery Per machine hour Per setup Determine average cost per foot for each of the two products using ABC. Rounded edge Squared edge She has also collected the following information about the cost drivers for each category (cost pool) and the amount of each driver used by the two product lines. (Round activity rate and cost per unit answers to 2 decimal places.) Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Driver Rounded Edge Squared Edge Total Direct labor cost () Machine hours $6,100 $11,900 $18,000 200 hours 32 times 700 hours 93 times 900 hours 125 times Setups (number) Required: 1. Assign these three overhead cost pools to each of the two products using ABC. Activity Overhead Cost Activity Drivers Activity Rate Supervision 2,160 18,000 Direct labor cost 12.001 % l of direct labor cost Depreciation of machinery28,840900 Machin Assembly line preparation Per machine hour Setups Per setup Activity driverOverhead assigned Rounded edge Activity rate incurred Supervision Depreciation of machinery Assembly line preparation Per machine hour Per setup

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Audit And Business Performance

Authors: BELAMKADDAM HAMZA

1st Edition

6205444062, 978-6205444061

More Books

Students also viewed these Accounting questions