E4-19A (similar to) Question Help Cregg's Fine Fumnishings manufactures upscale custom furniture.Cregg's currertly uses a plantwide overthead rato based on direct labor hours to allocate as 1,100,000 of manufacturing overthead to individual j departmental overhead rates. Currenty, the Machining Department incurs $740,000 of manufacturing overhead while the Finishing Department incurs $360,000 df manufacturing overhead. Deana has identified machine hours (MH) as the primary manufacturing overhead ost driver in the Machining Department and direct labor (DL) hours as the primary cost driver in the Finishing Department jobs. However Deana Isaacs, owner and CEO, is considering refining the oompany's costing system by using (Click the loon to view the job information) Read the teuirements Requiremant 1. Compute the plantwide ovwerhead rate assuming that Cregg's expects to incur 27,500 total DIL hours during the year First identily the formula, then compute the rate. (Round your answer to the nearest whole dolla Plantwide overhead rabe Choose from any drop-down ist and then click Check Answer Clear All Check Answer To see what to study next, go to your Study Plan. 3 4 5 6 ctures upscale custom furniture. Cregg's currently uses a plantwide overhead rate based on direct lal head to individual jobs. However, Deana Isaacs, owner and CEO, is considering refining the compar rrently, the Machining Department incurs $740,000 of manufacturing overhead while the Finishing De has identified machine hours (MH) as the primary manufacturing overhead cost driver in the Machinin iver in the Finishing Department b information) More Info omput The Cregg's plant completed Jobs 450 and 455 on May 15. Both jobs incurred a total of 7 DL hours throughout the entire production process. Job 450 incurred 1 MH in the Machining Department and 6 DL hours in the Finishing Department (the other DL hour occurred in the Machining Department). Job 455 incurred 6 MH in the Machining Department and 5 DL hours in the Finishing Department (the other two DL hours occurred in the Machining Print Done list and then click Check Answer Clear All Ch udy next, go to your Study Plan 20 manufactures upscale custom furniture. Cregg's currently uses a plantwide overhead rate based on direct labor ing overhead to individual jobs. However, Deana Isaacs, owner and CEO, is considering refining the company's tes. Currently, the Machining Department incurs $740,000 of manufacturing overhead while the Finishing Depar Deana has identified machine hours (MH) as the primary manufacturing overhead cost driver in the Machining Requirements e 1. Compute the plantwide overhead rate assuming that Cregg's expects to incur 27,500 total DL h 2. Compute hours during the year Machining Department and 18,000 DL hours in the Finishing Department during the year be allocated to Job 450 and Job 455? allocated to Job 450 and Job 455? unde cost either ob? Explain. If Cregg's sells its furniture at 125% of cost, will its choice of departmental overhead rates assuming that Cregg's expects to incur 14,800 MH in the 3. If Cregg's continues to use the plantwide overhead rate, how much manufacturing overhead would 4. If Cregg's uses departmental overhead rates, how much manufacturing overhead would be 5. Based on your answers to Requirements 3 and 4, does the plantwide overhead rate overcost or allocation systems affect product pricing? Explain. Print Done o-down list and then click Check Answer Clear All Check t to study next, go to your Study Plan Hw Score : 0%, 0 of 10 E4-20A (similar to) Question Help Fortunado Company u manufacturing overhead costs: materials handling, machine setup, insertion of parts, and finishing. The budgeted acivity costs for the allocation bases are as follows EEB (Click the icon to view the budgoted costs and activity bases.) uses ABC to account for its chrome wheel manulacturing process. Company managers have identifed four manufacturing activities that incur upooming year and thoi Fortunado Company expects to produce 1,000 dhrome whools during the year. The wheels are expected to use 3,000 parts, require 10 setups, and consume 1,50 hours of finishing time Job 420 used 100 parts,required 5 setups, and consumed 130 fnishing hours Job 510 used 500 parts, required 6 seups, and consumed 350 finishing hours Read the resuiremects Requirement 1. Compute the oost allocation ratle for each activity, First identiy the formula, then compuile the rate for each activity Activity cost alocation rae Choose from any drop-down list and then click Check Answer Clear A Check Answer To see what to study next, go to your Study Plan. 20 BC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturin s: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the upcomi ws: e budge s to proData Table e 10 setups arts, req parts, req Total Budgeted Manufacturing Overhead Cost Allocation Base Activity Materials handling Machine setup Insertion of parts.... Finishing. . Total the cost a 9,000 umber of parts ng Number of setups Number of parts Finishing direct labor hours 3,500 45,000 78,000 S 135,500 Print Done down list and then click Check Answer Clear All Check A to study next, go to your Study Plan. 20 F4 F5 budgeted costs and activity bases.) to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,000 parts, require 10 setup rts rts, Requirements nts 1.Compute the cost allocation rate for each activity 2. Compute the manufacturing overhead cost that should be assigned to Job 420. 3. Compute the manufacturing overhead cost that should be assigned to Job 510. Print Done wn list and then click Check Answer Clear All Check A study next, go to your Study Plan 20 F4 F5 F6 F7 F8 w score: o of 10 pts 4-21A (similar to Question Help Sebago Industries manufactures a variety of custom products. The company has Expectod usage and costs for manufactuning overhead acivities for the upcoming raditionally used a plantwide manufacturing overhead rate based on machine year are as follows hous to allocato manufacturing overhead t that t will incur $2,290,000 in total manufacturing overhead costs in the upooming year and will use 10,000 machine hours to its products. The company estimates (Cick the icon to view the expected usage and costs.) During the year, Job 358 is started and completed. Usage for this job follows Click the loon to view the addlsional information about the hazardous wasteB(Click the loon to view the usage for Job 358,) disposal fees Read the ementa Requirement 1.Caloulate the oost of Job 358 using the traditional plantwide manufacturing overhead rate based on machine hours Begn by alalatrg t,e plantwide overhead rate. First identry the formula used tocompute the plantwide overhead rate, then oomputo to rate brev ations used MOH - mandacturing overhead mlg. manufacturing Plantwide mg overhead rae Choose from any drop-down list and then click Check Answer Clear All Check Answer to see what to study next go to your study Pan. 3 5 8 i (similar to) Question ustries manufactures a variety of custom products. The company hasExpected usage and costs for manufacturing overhead activities for th used a plantwide manufacturing overhead rate based on machine year are as follows: cate manufacturing overhead to its products. The company estmates EE (Click the loon to view the expected usage and costs.) cur $2,290,000 in total manufacturing overhead costs in the upcoming l use 10,000 machine hours During the year , Job 358 is started and completed. Usage for this job fo Data Table Estimated Activity for this Year Description of Cost Pool Machine maintenance costs Engineering change orders Hazardous waste disposal Total overhead cost Estimated Cost Cost Driver 600,000 Number of machine hours 10,000 1,000 5,000 40,000 Number of change orders S 1,650,000 Pounds of hazardous materials enerated $ 2,290,000 Print Done rom any drop-down list and then click Check Answer ining Clear Al Check Answer To see what to study next, go to your Study Plan. FS F8 actures a variety of custom products. The company has ide manufacturing overhead rate based on machine cturing overhead to its products. The company estimates 0 in total manufacturing overhead costs in the upcoming machine hours. Expected usage and costs for manufacturing overhe year are as follows: During the year, Job 358 is started and completed. Click the icon to view the usage for Job 358.) the additional information about the hazardous waste Data Table Data Tabie te the cost of Job 358 hine hours. plantwide overhead ra verhead; mfg. = manu then compute the | 250 pounds of direct materials at $65 per pound 80 direct labor hours used at $20 per labor hour 60 machine hours used 6 change orders 80 pounds of hazardous waste generated ate Print Done -down list and then click Check Answer Clear Au Chec t to study next, go to your Study Plan. 20 s a variety of custom products. The company has Expected usage and costs for manufacturing overhe anufacturing overhead rate based on machineyear are as follows: g overhead to its products. The company estimates otal manufacturing overhead costs in the upcoming ne hours. EEB(Click the icon to view the expected usage and c During the year, Job 358 is started and completed. U (Click the icon to view the usage for Job 358.) additional information about the hazardous waste 6 Requirements cost o pute the ide ov ad; mfg Calculate the cost of Job 358 using the traditional plantwide manufacturing overhead rate based on machine hours. 1. 2. Calculate the cost of Job 358 using activity-based costing If you were a manager, which cost estimate would provide you more useful information? How might you use this information? 3. Print Done n list and then click Check Answer Clear All Chec tudy next, go to your Study Plan. 20 E4-19A (similar to) Question Help Cregg's Fine Fumnishings manufactures upscale custom furniture.Cregg's currertly uses a plantwide overthead rato based on direct labor hours to allocate as 1,100,000 of manufacturing overthead to individual j departmental overhead rates. Currenty, the Machining Department incurs $740,000 of manufacturing overhead while the Finishing Department incurs $360,000 df manufacturing overhead. Deana has identified machine hours (MH) as the primary manufacturing overhead ost driver in the Machining Department and direct labor (DL) hours as the primary cost driver in the Finishing Department jobs. However Deana Isaacs, owner and CEO, is considering refining the oompany's costing system by using (Click the loon to view the job information) Read the teuirements Requiremant 1. Compute the plantwide ovwerhead rate assuming that Cregg's expects to incur 27,500 total DIL hours during the year First identily the formula, then compute the rate. (Round your answer to the nearest whole dolla Plantwide overhead rabe Choose from any drop-down ist and then click Check Answer Clear All Check Answer To see what to study next, go to your Study Plan. 3 4 5 6 ctures upscale custom furniture. Cregg's currently uses a plantwide overhead rate based on direct lal head to individual jobs. However, Deana Isaacs, owner and CEO, is considering refining the compar rrently, the Machining Department incurs $740,000 of manufacturing overhead while the Finishing De has identified machine hours (MH) as the primary manufacturing overhead cost driver in the Machinin iver in the Finishing Department b information) More Info omput The Cregg's plant completed Jobs 450 and 455 on May 15. Both jobs incurred a total of 7 DL hours throughout the entire production process. Job 450 incurred 1 MH in the Machining Department and 6 DL hours in the Finishing Department (the other DL hour occurred in the Machining Department). Job 455 incurred 6 MH in the Machining Department and 5 DL hours in the Finishing Department (the other two DL hours occurred in the Machining Print Done list and then click Check Answer Clear All Ch udy next, go to your Study Plan 20 manufactures upscale custom furniture. Cregg's currently uses a plantwide overhead rate based on direct labor ing overhead to individual jobs. However, Deana Isaacs, owner and CEO, is considering refining the company's tes. Currently, the Machining Department incurs $740,000 of manufacturing overhead while the Finishing Depar Deana has identified machine hours (MH) as the primary manufacturing overhead cost driver in the Machining Requirements e 1. Compute the plantwide overhead rate assuming that Cregg's expects to incur 27,500 total DL h 2. Compute hours during the year Machining Department and 18,000 DL hours in the Finishing Department during the year be allocated to Job 450 and Job 455? allocated to Job 450 and Job 455? unde cost either ob? Explain. If Cregg's sells its furniture at 125% of cost, will its choice of departmental overhead rates assuming that Cregg's expects to incur 14,800 MH in the 3. If Cregg's continues to use the plantwide overhead rate, how much manufacturing overhead would 4. If Cregg's uses departmental overhead rates, how much manufacturing overhead would be 5. Based on your answers to Requirements 3 and 4, does the plantwide overhead rate overcost or allocation systems affect product pricing? Explain. Print Done o-down list and then click Check Answer Clear All Check t to study next, go to your Study Plan Hw Score : 0%, 0 of 10 E4-20A (similar to) Question Help Fortunado Company u manufacturing overhead costs: materials handling, machine setup, insertion of parts, and finishing. The budgeted acivity costs for the allocation bases are as follows EEB (Click the icon to view the budgoted costs and activity bases.) uses ABC to account for its chrome wheel manulacturing process. Company managers have identifed four manufacturing activities that incur upooming year and thoi Fortunado Company expects to produce 1,000 dhrome whools during the year. The wheels are expected to use 3,000 parts, require 10 setups, and consume 1,50 hours of finishing time Job 420 used 100 parts,required 5 setups, and consumed 130 fnishing hours Job 510 used 500 parts, required 6 seups, and consumed 350 finishing hours Read the resuiremects Requirement 1. Compute the oost allocation ratle for each activity, First identiy the formula, then compuile the rate for each activity Activity cost alocation rae Choose from any drop-down list and then click Check Answer Clear A Check Answer To see what to study next, go to your Study Plan. 20 BC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturin s: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the upcomi ws: e budge s to proData Table e 10 setups arts, req parts, req Total Budgeted Manufacturing Overhead Cost Allocation Base Activity Materials handling Machine setup Insertion of parts.... Finishing. . Total the cost a 9,000 umber of parts ng Number of setups Number of parts Finishing direct labor hours 3,500 45,000 78,000 S 135,500 Print Done down list and then click Check Answer Clear All Check A to study next, go to your Study Plan. 20 F4 F5 budgeted costs and activity bases.) to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,000 parts, require 10 setup rts rts, Requirements nts 1.Compute the cost allocation rate for each activity 2. Compute the manufacturing overhead cost that should be assigned to Job 420. 3. Compute the manufacturing overhead cost that should be assigned to Job 510. Print Done wn list and then click Check Answer Clear All Check A study next, go to your Study Plan 20 F4 F5 F6 F7 F8 w score: o of 10 pts 4-21A (similar to Question Help Sebago Industries manufactures a variety of custom products. The company has Expectod usage and costs for manufactuning overhead acivities for the upcoming raditionally used a plantwide manufacturing overhead rate based on machine year are as follows hous to allocato manufacturing overhead t that t will incur $2,290,000 in total manufacturing overhead costs in the upooming year and will use 10,000 machine hours to its products. The company estimates (Cick the icon to view the expected usage and costs.) During the year, Job 358 is started and completed. Usage for this job follows Click the loon to view the addlsional information about the hazardous wasteB(Click the loon to view the usage for Job 358,) disposal fees Read the ementa Requirement 1.Caloulate the oost of Job 358 using the traditional plantwide manufacturing overhead rate based on machine hours Begn by alalatrg t,e plantwide overhead rate. First identry the formula used tocompute the plantwide overhead rate, then oomputo to rate brev ations used MOH - mandacturing overhead mlg. manufacturing Plantwide mg overhead rae Choose from any drop-down list and then click Check Answer Clear All Check Answer to see what to study next go to your study Pan. 3 5 8 i (similar to) Question ustries manufactures a variety of custom products. The company hasExpected usage and costs for manufacturing overhead activities for th used a plantwide manufacturing overhead rate based on machine year are as follows: cate manufacturing overhead to its products. The company estmates EE (Click the loon to view the expected usage and costs.) cur $2,290,000 in total manufacturing overhead costs in the upcoming l use 10,000 machine hours During the year , Job 358 is started and completed. Usage for this job fo Data Table Estimated Activity for this Year Description of Cost Pool Machine maintenance costs Engineering change orders Hazardous waste disposal Total overhead cost Estimated Cost Cost Driver 600,000 Number of machine hours 10,000 1,000 5,000 40,000 Number of change orders S 1,650,000 Pounds of hazardous materials enerated $ 2,290,000 Print Done rom any drop-down list and then click Check Answer ining Clear Al Check Answer To see what to study next, go to your Study Plan. FS F8 actures a variety of custom products. The company has ide manufacturing overhead rate based on machine cturing overhead to its products. The company estimates 0 in total manufacturing overhead costs in the upcoming machine hours. Expected usage and costs for manufacturing overhe year are as follows: During the year, Job 358 is started and completed. Click the icon to view the usage for Job 358.) the additional information about the hazardous waste Data Table Data Tabie te the cost of Job 358 hine hours. plantwide overhead ra verhead; mfg. = manu then compute the | 250 pounds of direct materials at $65 per pound 80 direct labor hours used at $20 per labor hour 60 machine hours used 6 change orders 80 pounds of hazardous waste generated ate Print Done -down list and then click Check Answer Clear Au Chec t to study next, go to your Study Plan. 20 s a variety of custom products. The company has Expected usage and costs for manufacturing overhe anufacturing overhead rate based on machineyear are as follows: g overhead to its products. The company estimates otal manufacturing overhead costs in the upcoming ne hours. EEB(Click the icon to view the expected usage and c During the year, Job 358 is started and completed. U (Click the icon to view the usage for Job 358.) additional information about the hazardous waste 6 Requirements cost o pute the ide ov ad; mfg Calculate the cost of Job 358 using the traditional plantwide manufacturing overhead rate based on machine hours. 1. 2. Calculate the cost of Job 358 using activity-based costing If you were a manager, which cost estimate would provide you more useful information? How might you use this information? 3. Print Done n list and then click Check Answer Clear All Chec tudy next, go to your Study Plan. 20