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Dickerson Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been
Dickerson Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year: @ (Click the icon to view activities, total costs, and cost drivers.) 0 (Click the icon for additional information.) Read the muiremehts. 1. Compute the activity cost allocation rates for the year. (Round your answers to the nearest whole dollar.) First determine the formula to compute the allocation rate for the activity-based cost rate, then calculate the rate for each activity. + = Activity cost allocation rate Requirements 1. Compute the activity cost allocation rates for the year. 2. Complete the job cost record for Job 484. Data table Estimated Total Manufacturing Estimated Total Usage Activity Overhead Costs of Cost Driver Machine setup ........ S 141,000 3,000 setups Machining ........... 8 1,056,000 4,800 machine hours Quality control ....... S 286,000 4,400 tests run More info During May, John and Alisha Dickerson machined and assembled Job 484. John worked a total of 11 hours on the job, while Alisha worked 7 hours on the job. John is paid a $25 per hour wage rate, while Alisha is paid $32 per hour because of her additional experience level. Direct materials requisitioned for Job 484 totaled $1,025. The following additional information was collected on Job 484: The job required 2 machine setups, 5 machine hours, and 3 quality control tests. .@
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