Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 5-29 (Algo) ABC and Job Costing Working with Unknowns [LO 5-3] North Company designs and manufactures machines that facilitate DNA sequencing. Depending on the

image text in transcribed

Exercise 5-29 (Algo) ABC and Job Costing Working with Unknowns [LO 5-3] North Company designs and manufactures machines that facilitate DNA sequencing. Depending on the intended purpose of each machine and its functions, each machine is likely to be unique. The job costing system in its Norfolk plant has five activity cost pools, in addition to direct materials and direct labor. Job TPY-2306 requires 1,000 printed circuit boards. The cost per board that passes the final inspection is $240. On average, only 50% of the completed units pass the final inspection. The prime costs per completed board include $29 for direct materials and $8 for direct labor. Required: Information pertaining to manufacturing overhead for printed circuit boards follows: Fill in the missing amount. (Round your answers to 2 decimal places.) Activity Activity Driver Rate Cost Driver Activity Factory Consumption Overhead per Board per Board 30.00 Number of axial insertions $ 0.26 Axial insertion Hardware insertion Hand load Number of hardware insertions 3.00 50.70 5.00 34 35 Boothroyd time Number of points masked Test time 0.28 Masking 130.00 30.00 15.00 Final test

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_2

Step: 3

blur-text-image_3

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

Using QuickBooks Accountant 2018 For Accounting

Authors: Glenn Owen

16th Edition

0357042085, 9780357042083

More Books

Students also viewed these Accounting questions

Question

What does this public think about this issue?

Answered: 1 week ago

Question

What benefits can you offer this public?

Answered: 1 week ago

Question

How free does this public see itself to act on this issue?

Answered: 1 week ago