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Craftmore Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records. oblems TA & 2A-50
Craftmore Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records.
oblems TA & 2A-50 points Saved Required information IThe following information applies to the questions displayed below. Craftmore 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 Polishing Product modification Providing power System calibration 330,000 550,000 520,000 $125,000 $260,000 Additional information on the drivers for its production activities follows. Grinding and Polishing Product modification Providing power System calibration 15,000 machine hours 1,600 engineering hours 20,000 direct labor hours 500 batches Job 3175 140 units Job 4286 1,750 units 3,000 MH Number of units Machine houra Engineering hours Batchers Direct labor hours 300 MH 33 eng. hours 10 batches 28 eng. hours 30 batches 450 DLR 4,050 DLB Job 3175 140 units 300 MH Job 4286 Number of units Machine hours Engineering hours Batcher Direct labor hours 1,750 units 3,000 MH 33 eng. hours 10 batches 28 eng. hours 30 batches 450 DLH 4,050 DLE 2. Determine overhead costs to assign to the following jobs using ABC. (Do not round your intermediate calculations. Roundo activity rate answers to 2 decimal places and other answers to nearest whole dollar amount.) Activity Driver Incurred Overhead Assigned ob 3175 Grinding and Polishing Product modification Providing power System calibration Activity Rate per machine hour per engineering hour per direct labor hour per batch Activity Driver Incurred Overhead Assigned ob 4286 Activity Rate " Grinding and Polishing Product modification Providing power System calibrationStep by Step Solution
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