Buren Company manufactures two products, Regular and Supreme. Buren's overhead costs consist of machining, $2,000,000; and assembling, $1,000,000. Information on the two products is: Regular Supreme Direct labor hours 10,000 15,000 Machine hours 10,000 30,000 Number of parts 90,000 160,000 Overhead applied to Regular using traditional costing using direct labor hours is A) $860,000. B) $1,200,000. C) $1,800,000. D) $2,140,000. 12. Buren Company manufactures two products, Regular and Supreme. Buren's overhead costs consist of machining, $2,000,000; and assembling, $1,000,000. Information on the two products is: Regular Supreme Direct labor hours 10,000 15,000 Machine hours 10,000 30,000 Number of parts 90,000 160,000 Overhead applied to Supreme using traditional costing using direct labor hours is A) $860,000. B) $1,200,000. C) $1,800,000. D) $2,140,000. 13. Buren Company manufactures two products, Regular and Supreme. Buren's overhead costs consist of machining, $2,000,000; and assembling, $1,000,000. Information on the two products is: Regular Supreme Direct labor hours 10,000 15,000 Machine hours 10,000 30,000 Number of parts 90,000 160,000 Overhead applied to Regular using activity-based costing is A) $860,000. B) $1,200,000. C) $1,800,000. D) $2,140,000. 14. Buren Company manufactures two products, Regular and Supreme. Buren's overhead costs consist of machining, $2,000,000; and assembling, $1,000,000. Information on the two products is: Regular Supreme Direct labor hours 10,000 15,000 Machine hours 10,000 30,000 Number of parts 90,000 160,000 Overhead applied to Supreme using activity-based costing is A) $860,000. B) $1,200,000. C) $1,800,000. D) $2,140,000. 15. Cooledge Co. produces 3 products: P1, Q2, and R3. P1 requires 400 purchase orders, Q2 requires 600 purchase orders, and R3 requires 1,000 purchase orders. Cooledge has identified an ordering and receiving activity cost pool with allocated overhead of $120,000 for which the cost driver is purchase orders. Direct labor hours used on each product are 50,000 for P1, 40,000 for Q2, and 110,000 for R3. How much ordering and receiving overhead is assigned to each product?P1 Q2 R3 A) $40,000 $40,000 $40,000 B) $30,000 24,000 $66,000 C) 24,000 $36,000 $60,000 D) $27,000 $30,000 $63,000 16. NulyMade Inc. computed an overhead rate for machining costs ($1,000,000) of $10 per machine hour. Machining costs are driven by machine hours. If computed based on direct labor hours, the overhead rate for machining costs would be $20 per direct labor hour. The company produces two products, Grit and Grind. Grit requires 60,000 machine hours and 20,000 direct labor hours, while Grind requires 40,000 machine hours and 30,000 direct labor hours. Using activity-based costing, machining costs assigned to each product isGrit Grind A) $400,000 $600,000 B) $500,000 $500,000 C) $533,333 $466,667 D) $600,000 $400,000 17. Lasse Inc. manufactures 2 products, hammers and screwdrivers. The company has estimated its overhead in the assembling department to be $165,000. The company produces 300,000 hammers and 600,000 screwdrivers each year. Each hammer uses 2 parts, and each screwdriver uses 3 parts. How much of the assembly overhead should be allocated to hammers? A) $41,250. B) $55,000. C) $66,000 D) $70,714. 18. Banes Co. incurs $350,000 of overhead costs each year in its three main departments, machining ($200,000), inspections ($100,000) and packing ($50,000). The machining department works 4,000 hours per year, there are 500 inspections per year, and the packing department packs 500 orders per year. Information about Banes's two products is as follows: Product X Product Y Machining hours 1,000 3,000 Inspections 100 500 Orders packed 350 650 Direct labor hours 1,700 1,800 If traditional costing based on direct labor hours is used, how much overhead is assigned to Product X this year? A) $84,167 B) $121,154 C) $170,000 D) $175,000 19. Banes Co. incurs $350,000 of overhead costs each year in its three main departments, machining ($200,000), inspections ($100,000) and packing ($50,000). The machining department works 4,000 hours per year, there are 500 inspections per year, and the packing department packs 500 orders per year. Information about Banes's two products is as follows: Product X Product Y Machining hours 1,000 3,000 Inspections 100 500 Orders packed 350 650 Direct labor hours 1,700 1,800 Using ABC, how much overhead is assigned to Product X this year? A) $84,167 B) $121,154 C) $170,000 D) $175,000