Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Data Table Total estimated MOH Total estimated amount of Activity costs related to activity allocation base activity Machine setup $ 90,000 3,000 setups Machining $

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Data Table Total estimated MOH Total estimated amount of Activity costs related to activity allocation base activity Machine setup $ 90,000 3,000 setups Machining $ 340,000 2,050 machine hours Polishing ... $ 143,000 11,000 polishing cloths Quality control....... 110,000 2,000 tests run $ 40,000 Facility-level costs.. 20,000 DL hours $ 723,000 Total manufacturing overhead (MOH)... Print Done X i Data Table 2 machine setups required 5 machine hours 3 polishing cloths 4 quality control tests run Print Done Read there Activity cost allocation rate per setup per MH Machine setup Machining Polishing Quality control Facility level costs per cloth per test per DL hour Requirement 2. Calculate the total cost of Job #624 (use an ABC costing system). Job Cost Record JOB # 624 Manufacturing Costs Total job cost sarin this job Requirements. Assume that Cooke Products uned a traditional conting wytem rather than mn ABC wystem. Its plantaldo MOH at would have been determined using direct inbor (DE) hours at the stocaten Begin by calculating the plantalde overhead rate. First dantry the formulen used to compute the planta de overhead rata, then campule the rate (found the rate to the nearest whicle soia) Plantevedra How much cost distortion would have occurred on this job? Job #624 Plantwide overhead allocated Cost distortion difference

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Changing Academics Quality Audit And Its Perceived Impact

Authors: Ming Cheng

1st Edition

3639134273, 978-3639134278

More Books

Students also viewed these Accounting questions