Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current Attempt in Progress Ayayai Manufacturing has ve activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Current Attempt in Progress Ayayai Manufacturing has ve activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Est. Use of Cost Drivers Activity Cost Pools Cost Driver Est. Overhead Budget Deluxe Ordering and Receiving Orders $131,000 600 400 Machine Setup Setups 297,900 500 400 Machining Machine hours 1,010,000 150,000 100,000 Assembly Parts 1,610,000 1,200,000 800,000 Inspection Inspections 301,000 550 450 Compute the overhead cost per unit for each product. Production is 700,000 units of Budget and 200,000 units of Deluxe. (Round per machine hour and per part values to 3 decimal places, e3. 52.71 1. Round overhead cost per unit to 2 decimal places, e.g. 12.25 and cost assigned to 0 decimal places, as. 2,500.) Overhead cost per unit Budget $ per unit Compute the overhead cost per unit for each product. Production is 700,000 units of Budget and 20 machine hour and per part values to 3 decimal places, as. 52.71 1. Round overhead cost per unit to 2 decim assigned to 0 decimal places, e.g. 2,500.) Overhead cost per unit Budget $ per unit Deluxe $ per unit Waterway Accounting performs two types of services, Audit and Tax. Waterway's estimated overhead costs consist of computer support, $321000; and legal support, $160500. Information on the two services and their estimated use of cost drivers is as follows: Audit Tax Direct labor cost $50000 $100000 CPU minutes 40000 10000 Legal hours used 200 800 Overhead assigned to tax services using activity-based costing is O $321000. 0 $288900. 0 $192600. 0 $160500. Current Attempt in Progress Presented below are incomplete 2022 manufacturing cost data for Oriole Corporation. Determine the missing amounts. Direct Total Work in Materials Direct Manufacturing Manufacturing Process Used Labor Overhead Costs (1/ 1) (a) $33,440 $70,400 $42,240 $ $105,600 (b) $ 131,120 $46,640 $79,200 $256,960 $ (C) $46,640 $102,080 $ 106,480 $255,200 $354,640 Presented below are incomplete 2022 manufacturing cost data for Oriole Corporation. Determine the missing amounts. Total Work in Work in Cost of g Manufacturing Process Process Goods Costs (1/1) (12/31) Manufactured $ $105,600 $84,480 $ $256,960 $ $86,240 $273,680 $255,200 $354,640 $ $453,200 Current Attempt in Progress Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of May. 1. Assembly line wages 2. Raw materials used directly in product 3. Depreciation on ofce equipment 4. Property taxes on factory building 5. Rent on factory building 6. Sales commissions 7. Depreciation on factory equipment 8. Factory utilities 9. Wages for factory maintenance workers 10. Advertising 11. Indirect materials used in production 12. Factory manager's salary Complete the following matrix by placing an X mark under the appropriate headings. Cost Direct Direct Manufacturing Period Item Materials Labor Overhead Costs

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

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Accounting questions