C4Q456
Required Information Problem 04-3A Applying activity-based costing LO P1, P3, A1, A2, C3 The following information applies to the questions displayed below) Craft Pro Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records. Production activity Indirect Labor Indirect Materials Other Overhead Grinding $380,000 Polishing $215,000 Product modification 500,000 Providing power $230,000 System calibration 420,000 Additional information on the drivers for its production activities follows, Grinding and Polishing Product modification Providing power Systen calibration 15,000 machine hours 2,000 engineering hours 17.000 direct labor hours 1,200 batches Job 3175 190 units 250 MH Job 4286 | 2,375 unito 2,500 H Number of unita Machine hours Engineering hours Batches Direct labor hours 3. 26. hours 30 batches 450 DLR hours 90 batches 4,050 DLH Problem 04-3A Part 1 Required: 1. Classify each activity as unit level, botch level, product level, or facility level Grinding Polishing Product modification Providing power System calbration Required: 2.38 4. Compute the activity overhead rates using ABC Combine the grinding and polishing costs into a single cost pool. Determine overhead costs to assign to the above jobs using ABC. What is the overhead cost per una for Job 3175? What is the overhead cost per unit for Job 42867 Round your activity rate and average overhead cost per unit to 2 decimal places. Round "overhead assigned to the nearest whole dollar) Overhead Cost Activity and Job 3175 Activity driver incurred Activity Drivers Machine Tours Overad assigned Job 4216 Activity driver Derhead Innred Activity Grinding & Pothing Product modification Drotter System Required: 5. If the company uses a plantwide overhead rate based on direct labor hours, what is the overhead cost for each unit of Job 3175? Of Job 4286? (Do not found intermediate calculations, Round "OH Cost per unit" answers to 2 decimal places.) Product DL hours Units Produced OH Cost per unit Job 3175 Job 4286 Plantwide OH rate Total Overhead Cost $ 0.00 $ 0 $ 0.00 $ Required information Problem 04-3A Applying activity-based costing LO P1, P3, A1, A2, C3 (The following information applies to the questions displayed below.) Craft Pro Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records. Production Activity Indirect Labor Indirect Materials Other Overhead Grinding $380,000 Polishing $215,000 Product modification 500,000 Providing power $230,000 System calibration 420,000 Additional information on the drivers for its production activities follows. Grinding and Polishing Product modification Providing power System calibration 15,000 machine hours 2,000 engineering hours 17,000 direct labor hours 1,200 batches Job 3175 190 units 250 MH Job 4286 2,375 units 2,500 MH Number of units Machine hours Engineering hours Batehes Direct labor hours 35 eng. 26 eng. hours 30 batches 450 DLH hours 90 batches 4,050 DLH Required: 1. Classify each activity as unit level, batch level, product level, or facility level. Grinding Polishing Product modification Providing power System calibration Required: 2.38 4. Compute the activity overhead rates using ABC. Combine the grinding and polishing costs into a single cost pool. Determine overhead costs to assign to the above jobs using ABC. What is the overhead cost per unit for Job 3175? What is the overhead cost per unit for Job 42867 (Round your activity rate and average overhead cost per unit to 2 decimal places. Round "overhead assigned to the nearest whole dollar) Job 3175 Overfuad Cort Activitate Activity to co 300 4700 Activity driver Overhead incurred Ovahend assigned Active Gading A Poring Product modification Activity Drivers Macho Engineering Drobor PO Smotion Required: 5. If the company uses a plantwide overhead rate based on direct labor hours, what is the overhead cost for each unit of Job 3175? Of Job 4286? (Do not round intermediate calculations. Round "OH Cost per unit" answers to 2 decimal places.) Product DL hours Units Produced OH Cost per unit Plantwide OH Total Overhead Cost rate $ 0.00 $ $ 0.00 $ Job 3175 Job 4286 0 0
