Foxx Company incurs $300000 overhead costs each year in its three main departments, setup ($30000), machining (5195000), and packing (575000). The setup department performs 40 setups per year, the machining department works 5000 hours per year, and the packing department packs 500 orders per year. Information about Fouck's two products is as follows: Number of setups Machining hours Orders packed Number of products manufactured Product A1 Product B1 20 20 1000 4000 150 350 600 400 Using ABC. how much overhead is assigned to Product A1 each year? $223500 O $150000 O $60000 576500 Estimated costs for activity cost pools and other item(s) are as follows: Machining $500000 Assembling 140000 Advertising 450000 Inspecting and testing 115000 Total estimated overhead is O $755000. O $1205000 O $1090000. O $640000. View Policies Current Attempt in Progress Kiner Co. computed an overhead rate for machining costs ($420000) of $5 per machine hour. Machining costs are driven by machine hours. If computed based on direct labor hours, the overhead rate for machining costs would be $10 per direct labor hour. The company produces two products, Cape and Chap.Cape requires 50400 machine hours and 20000 direct labor hours, while Chap requires 33600 machine hours and 30000 direct labor hours. Using activity-based costing, machining costs assigned to each product is Cape Chap $220657 $199343 $200000 $300000 O $252000 $168000 $750000 $250000 Current Attempt in Progress Tidwell Industries has the following overhead costs and cost drivers Direct labor hours are estimated at 100000 for the year. Activity Cost Pool Cost Driver Cost Driver Activity Est. Overhead $ 105000 Orders Ordering and Receiving 500 orders Machine Setup 283500 Setups Machine hours Machining 1462500 450 setups 125000 MH 1000000 parts 500 inspections Assembly Parts 1170000 Inspection Inspections 285000 If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is O $33.06. O $14.63 O $11.70. O $9.26 Current Attempt in Progress Marigold Company's overhead rate for machine setups is $110 per setup. A total of 103 setups are estimated for the period. At year-end, it was determined that Products A and B have 59 and 48 setups, respectively. How much is the overhead cost assigned to each product? O Product A $6490, Product B $5280 O Product A $6077. Product B $6077 Not enough information to determine the answer O Product A $11770. Product B $4944 Current Attempt in Progress Zimmerman Company manufactures two products, Board 12 and Case 165, Zimmerman's overhead costs consist of setting up machines. $2680000: machining, $5300000; and inspecting, $2010000. Information on the two products is: Board 12 Case 165 Direct labor hours 15000 25000 Machine setups 600 400 Machine hours 24000 26000 Inspections 800 700 Overhead applied to Board 12 using traditional costing using direct labor hours is O $3746250 O $5994000 O $5138250 O $4766000 Peters, Inc. produces 3 products: P1, Q2, and R3. P1 requires 400 purchase orders, Q2 requires 600 purchase orders, and R3 requires 1000 purchase orders. Peters has identified an ordering and receiving activity cost pool with allocated overhead of $375000 for which the cost driver is purchase orders. Direct labor hours used on each product are 50000 for P1,40000 for Q2, and 110000 for R3. How much ordering and receiving overhead is assigned to each product? P1 Q2 R3 $84375 $93750 $196875 o $75000 $112500 $187500 $125000 $125000 $125000 O $93750 $75000 $206250 Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso's total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Total Cost Titanium Aluminum 500 mach. hours 500 mach. hours 350 150 Assembly Inspections $51000 $104000 2100 labor hours 1900 labor hours Reynoso is considering switching from one overhead rate based on labor hours to activity-based costing Using activity based costing, how much inspections cost is assigned to titanium racquets? O $31200. O $72800. $52000. O $53600 Zimmerman Company manufactures two products, Board 12 and Case 165. Zimmerman's overhead costs consist of setting up machines $2160000; machining. $5550000; and inspecting $1620000. Information on the two products is Case 165 Board 12 15000 25000 600 400 Direct labor hours Machine setups Machine hours Inspections 24000 26000 800 700 Overhead applied to Case 165 using traditional costing using direct labor hours is $3732000. O $4506000. O $5831250 O $4940250 Foxx Company incurs $430000 overhead costs each year in its three main departments, setup ($40000), machining ($275000), and packing ($115000). The setup department performs 40 setups per year, the machining department works 5000 hours per year, and the packing department packs 500 orders per year. Information about Foxox's two products is as follows: Product A1 Product B1 20 20 1000 4000 7 Number of setups Machining hours Orders packed Number of products manufactured 150 350 600 400 Using ABC, how much overhead is assigned to Product B1 each year? O $344000 O $215000 O $172000 $320500 View Policies Current Attempt in Progress Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso's total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Titanium Aluminum Assembly 500 mach. hours 500 mach. hours Inspections 350 150 2100 labor hours 1900 labor hours Total Cost $60000 $92000 Reynoso is considering switching from one overhead rate based on labor hours to activity based costing. Using activity-based costing, how much assembly cost is assigned to titanium racquets? w O $16800 $30000 O $31500 O $42000