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HELP ME PLEASE! Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Budgeted Cost $ 468,000 Activity Cost Driver
HELP ME PLEASE!
Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Budgeted Cost $ 468,000 Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (M) Assembly Product design Electricity Setup Total Budgeted Activity Usage 13,000 72,000 24,000 1,440 10,000 400 60,000 Setups $ 624,000 Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. 2. Job 31 used 280 direct labor hours and Job 42 used 560 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. 3. Compute an activity rate for each activity using activity-based costing 4. Allocate overhead costs to Job 31 and Job 42 using activity-based costing. Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setups Activity Usage Job 31 280 14 Required 11 Required 2 Required 3 6 Job 42 560 40 60 Complete this question by entering your answers in the tabs below. # Required 4 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. Numerator Denominator Required 4 Required 1 Required 2 > Required 2 Required 3 Required 4 Job 31 used 280 direct labor hours and Job 42 used 560 direct labor hours. Allocate overhead cost to each job usin plantwide overhead rate from part 1. Required 1 Job 31 Job 42 Plantwide Overhead Rate Overhead Allocated Complete this question by entering your answers in the tabs below. Required 3 Required 4. Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Budgeted Cost Budgeted Activity Usage Activity Rate Required 11 Required 2 Activity Assembly Product design Electricity Setup Complete this question by entering your answers in the tabs below. Required 1 Required 2 Allocate overhead costs to Job 31 and Job 42 using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Allocate overhead to Job 31 Activity Assembly Product design Electricity Setup Total Activity Required 3 Required 4 Assembly Product design Electricity Setup Total Activity Usage Allocate overhead to Job 42 Activity Usage Activity Rate Activity Rate Allocated Cost Allocated Cost Step by Step Solution
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