Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Check my work of 2 Required information (The following Information applies to the questions displayed below) Phillips Sporting Goods manufactures various sporting goods including tennis

image text in transcribed
image text in transcribed
Check my work of 2 Required information (The following Information applies to the questions displayed below) Phillips Sporting Goods manufactures various sporting goods including tennis rackets and golf clubs. The companys activity-based costing system has the following seven activity cost pools: Activity Control Labor-related Machine-related Machine stupe Production order Product testing Packaging General factory Estimated Overhead co $ 20,000 3.000 545,000 30.000 627,200 566.600 $51.200 pected Mtivity 2,000 Lt bor.hr 10,000 hours 1,000 stupe 600 order 000 testa 3,000 page 2.000 direct labor-hours Required: 1. Compute the activity rate for each activity cost pool (Round your answers to 2 decimal places.) Activity Cost Pool Laborrelated Machine-related Machine selupo Production orders Product testing Packaging General factory Activity Rate per DLH por MH por su per oder per tot per package per DLH 2 Part 2 of 2 25 points Required Information [The following information applies to the questions displayed below) Phillips Sporting Goods manufactures various sporting goods including tennis rackets and golf clubs. The company's activity-based costing system has the following seven activity cost pools Estimated Overhead Expected Activity Cost Pool Cost Activity Labor-related $28,000 direct labor 2,000 hours Machine-related $ 5,000 10,000 machine-hours Machine setups $45,000 1,000 setups Production orders $30,000 600 orders Product testing $27,200 800 tento Packaging $64,600 3,800 packages General factory 351,200 2,000 direct labor- hours eBook Hint Print Reference 2. Compute the company's predetermined overhead rate, assuming that the company uses a single plantwide predetermined overhead rate based on direct labor hours. (Round your answer to 2 decimal places.) Predetermined overhead per rate DLH

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions