Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6653354094d8e_152665335408ecfa.jpg)
Transcribed Image Text:
Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Machine maintenance Setups Cost $ 72,800.00 $144,000.00 $ 85,215.00 Activity Driver Number of moves Number of machine hours Number of production runs Activity 455 36,000 69 Chipman makes 3 models of pumps with the following details: Units produced Number of moves Economy Standard Premium 10,060 Machine hours Production runs 150 9,850 31 20,000 132 20,000 10 3,575 173 6,150 28 Required: a. Calculate the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Pool Activity Rate Material Handling Machine Maintenance Setups b. Determine the amount of indirect costs assigned to each of the products. (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Models Economy Standard Premium Cost Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Machine maintenance Setups Cost $ 72,800.00 $144,000.00 $ 85,215.00 Activity Driver Number of moves Number of machine hours Number of production runs Activity 455 36,000 69 Chipman makes 3 models of pumps with the following details: Units produced Number of moves Economy Standard Premium 10,060 Machine hours Production runs 150 9,850 31 20,000 132 20,000 10 3,575 173 6,150 28 Required: a. Calculate the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Pool Activity Rate Material Handling Machine Maintenance Setups b. Determine the amount of indirect costs assigned to each of the products. (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Models Economy Standard Premium Cost
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
1. Describe how a cash loan and a purchase loan differ. 2. Distinguish between a secured and an unsecured loan. 3. Describe when a lender might enforce an acceleration clause on a loan, and explain...
-
Standards should be reviewed from time to time and examined for possible revision. What events would call for a review of standards?
-
Operating data for Conard Corporation are presented below. Prepare vertical analysis. 2014 2013 rom Net sales $750,000 $600,000 XLS Cost of goods sold 480,000 408,000 Selling expenses 105,000 84,000...
-
Dublin Brewing Co. uses the process cost system. The following data, taken from the organizations books, reflect the results of manufacturing operations during October: Production Data: 13,000 units...
-
Max has $35 a day to spend on windsurfing and snorkeling and he can spend as much time as he likes doing them. The price of renting equipment for windsurfing is $10 an hour and for snorkeling is $5...
-
2. Omar is trying to design his own hypergeometric example using cards. He made a mistake in his problem but cannot find it. Correct his mistake and then solve the problem. Omar's problem: In a quick...
-
critically discuss how organisations can ensure that their employees have the necessary capabilities in place to achieve organisational goals and strategy and also c r e a t e an environment where...
-
Discuss your leadership style with employees as an operation manager at fedex? Why did they choose their approach?
-
A business finds that employees are involved in many road accidents that result in damages to its fleet of motor vehicles, despite having driving training and instruction. Rather than fully insuring...
-
How are learners involved in the educational management process? Why do many educational leaders consider learners to be stakeholders in the educational management process? Which leadership style or...
-
Do you agree that self-awareness is essential for being a good leader? Can you think of some specific negative consequences that might result from a leader not having self-awareness? Leaders of many...
-
Calculus question For q(t) = cost2 -1 1 - 12 1, obtain g' ( 2)
-
What is included in GDP: all goods, all services, or both? mk5
-
Looking back over the last 10,000 years of human history, which is more normal: for GDP per capita to grow or for GDP per capita to stay about the same? : ki7
-
Are the following included in U.S. GDP? Briefly explain why or why not: a. Used textbooks sold at your college bookstore b. Used books sold at a garage sale c. Cars made in the United States at a...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App