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Cooke Products has adopted an ABC costing system. The following manufacturing activities. The Job Cost Record for Job #624 revealed that direct materials requisitioned for

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Cooke Products has adopted an ABC costing system. The following manufacturing activities. The Job Cost Record for Job #624 revealed that direct materials requisitioned for the job indirect manufacturing costs, and cost drivers have been identified: totaled $1,160. The Job Cost Record also showed that direct fabor for this job totaled 8 hours Click the icon to view the activity costs and drivers) ata wage rate of $21 per hour Other data collected on the resources used by Job 124 included (Click the icon to view the other data) Read the requirements Requirement 1. Calculate the activity cost location rate for each of the five pools listed in the table. Round the location rate to the nearest cent. Abbreviations used. DL - direct labor, MH machine hout) Activity cout wlocation rate i Data Table Activity Total estimated MOH costs related to activity $ 99,000 Machine setup Total estimated amount of allocation base activity 1,800 setups 3,000 machine hours 15,000 polishing cloths 3,500 tests run $ 465,000 Machining Polishing... Quality control $ $ $ 150,000 280,000 120,000 Facility-level costs. 60,000 DL hours $ 1,114,000 Total manufacturing overhead (MOH) Print Done 0 Submitting an external tool Available after Jan 18 at 12am r 4 - Homework 4 of 7 (3 complete) system. The following manufacturing activities. The Job Cost Record for Job #624 revealed tha have been identified: totaled $1,160. The Job Cost Record also show nd drivers.) at a wage rate of $21. per hour. Other data colle Data Table the other data.) location rate for each h rate to the nearest 2 machine setups required 6 machine hours 2 polishing cloths 3 quality control tests run Print Done en click Check Answer. Clear All Some updates automatically er 4 - Homework rk Available after Jan 18 at 12am 5 20 Submitting an external tool ter 4 - Homework HW SC 4 of 7 (3 complete) sting system. The following manufacturing activities divers Osts and Requirements The Job Cost Record for Job 624 revealed that direct mate pwed that direc x lected on the cent. Abbrevis Sost allo 1. Calculate the activity cost allocation rate for each of the five pools listed in the table. 2. Calculate the total cost of Job #624 (use an ABC costing system). 3. Why would ABC provide a more accurate allocation of manufacturing overhead (MOH) than a plantwide rate? 4. Assume that Cooke Products used a traditional costing system rather than an ABC system. Its plantwide MOH rate would have been determined using direct labor (DL) hours as the allocation base. How much cost distortion would have occurred on this job? Print Dono d then cil Clear All

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