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dont understand problem. need help 1) In the blank next to the following terms, place the letter A through G corresponding to the best description
dont understand problem. need help
1) In the blank next to the following terms, place the letter A through G corresponding to the best description of that term. Unit level activit A. A task that must be performed for each unit activity driver B. A group of costs that have the same activity drivers. batch level activi C. Anything to which costs will be assigned. cost object D. Tasks that are performed for each group of units plantwide OH rate such as a production run or lot. cost pool E. An activity that causes a cost to be incurred. F. Measurement associated with an activity. G. A single factor used to apply indirect manufacturing costs in all departments. 2) Compute the ABC activity rate for each of the following overhead activities: Activity Cost Pool Activity 1 Activity 2 Activity 3 Budgeted Cost $70,000 $45,000 $82,000 Product A 6,000 7,000 2,500 Budgeted Activity Product B 9,000 15,000 1,000 Product C 20,000 8,000 1,625 3) Chico Motor Works identified the following data in its two production departments, Assembly Finishing Manufacturing overhead costs $600,000 $1,200,000 Direct labor hours worked 12,000 DLH 2,000 DHL Machine hours used 6,000 MH 16,000 MH Required 1) What is the company's single plantwide overhead rate based on direct labor 2) What are the company's departmental overhead rated if the assembly department assigns overhead based on direct labor hours and the finishing department assigns overhead based on machine hoursStep by Step Solution
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