For the last 4 years, ABC Co has been charging overhead to products on the basis of machine hours. For the year 2021,90,000 machine hours are budgeted. Due to a major turn of events, the company has implemented the activity-based costing system. The following costs drivers and their usage for the previously budgeted overhead cost pools have been identified and are shown below: A customer has requested a cost estimate for the production of 250 sets of bleachers. He accumulates the following data for the production of 250 sets of bleachers: A. Compute the predetermined averhead rate using traditional costing with machine hours as the basis. B. Calculate the amount of overhead assigned using traditional costing C. What is the total manufacturing cost of all 250 sets of bleachers under traditional costing? D. What is the total manufacturing cost per set of bleachers under traditional costing? E. Calculate the activity based overhead rate for each activity. (Prepare a schedule) Cost Pool Est. OH Cost Driver Est. Activity ABC Rate: E. Calculate total overhead cost assigned under ABC. F. What is the total manufacturing cost under the ABC Costing? G. What is the manufacturing cost per set of bleachers? 4. Using the ABC system, bow much ovehead would be animed to: Prodiact Qu and Prodoct Y: A. Compute the activity-based overhead rate for each cost pook: (round to 2 decimal places) Jake Clark (Job \#74) lives in the Sigma Nu Fraternity house, and he is moving back home to New Orleans, LA, which is 197 miles away. A. Determine the overhead allocated to lake's job, 10b=74, which has 10 pieces of furniture, requires 197 miles of driving, and 5 hours of time. (Round answer to 2 decimal places) for the last 4 years, ABC Co has been charging overhead to products on the basis of machine hours. For the year 2021, 90,000 machine hours are budgeted. Due to a major turn of events, the company has implemented the activity-based costing system. The following costs drivers and their usage for the previously budgeted overhead cost pools have been identified and are shown below: A customer has requested a cost estimate for the production of 250 sets of bleachers. He accumulates the following data for the production of 250 sets of bleachers: A. Compute the predetermined overhead rate using traditional costing with machine hours as the basis. B. Calculate the amount of overhead assigned using traditional costing. C. What is the total manufacturing cost of all 250 sets of bleachers under traditional costing? D. What is the total manufacturing cost per set of bleachers under traditional costing? E. Calculate the activity based overhead rate for each activity. (Prepare a schedule) Cost Pool Est. OH Cost Driver Est. Activity ABC Rat E. Calculate total overhead cost assigned under ABC. F. What is the total manufacturing cost under the ABC Costing? G. What is the manufacturing cost per set of bleachers? For the last 4 years, ABC Co has been charging overhead to products on the basis of machine hours. For the year 2021,90,000 machine hours are budgeted. Due to a major turn of events, the company has implemented the activity-based costing system. The following costs drivers and their usage for the previously budgeted overhead cost pools have been identified and are shown below: A customer has requested a cost estimate for the production of 250 sets of bleachers. He accumulates the following data for the production of 250 sets of bleachers: A. Compute the predetermined averhead rate using traditional costing with machine hours as the basis. B. Calculate the amount of overhead assigned using traditional costing C. What is the total manufacturing cost of all 250 sets of bleachers under traditional costing? D. What is the total manufacturing cost per set of bleachers under traditional costing? E. Calculate the activity based overhead rate for each activity. (Prepare a schedule) Cost Pool Est. OH Cost Driver Est. Activity ABC Rate: E. Calculate total overhead cost assigned under ABC. F. What is the total manufacturing cost under the ABC Costing? G. What is the manufacturing cost per set of bleachers? 4. Using the ABC system, bow much ovehead would be animed to: Prodiact Qu and Prodoct Y: A. Compute the activity-based overhead rate for each cost pook: (round to 2 decimal places) Jake Clark (Job \#74) lives in the Sigma Nu Fraternity house, and he is moving back home to New Orleans, LA, which is 197 miles away. A. Determine the overhead allocated to lake's job, 10b=74, which has 10 pieces of furniture, requires 197 miles of driving, and 5 hours of time. (Round answer to 2 decimal places) for the last 4 years, ABC Co has been charging overhead to products on the basis of machine hours. For the year 2021, 90,000 machine hours are budgeted. Due to a major turn of events, the company has implemented the activity-based costing system. The following costs drivers and their usage for the previously budgeted overhead cost pools have been identified and are shown below: A customer has requested a cost estimate for the production of 250 sets of bleachers. He accumulates the following data for the production of 250 sets of bleachers: A. Compute the predetermined overhead rate using traditional costing with machine hours as the basis. B. Calculate the amount of overhead assigned using traditional costing. C. What is the total manufacturing cost of all 250 sets of bleachers under traditional costing? D. What is the total manufacturing cost per set of bleachers under traditional costing? E. Calculate the activity based overhead rate for each activity. (Prepare a schedule) Cost Pool Est. OH Cost Driver Est. Activity ABC Rat E. Calculate total overhead cost assigned under ABC. F. What is the total manufacturing cost under the ABC Costing? G. What is the manufacturing cost per set of bleachers
