{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T20:04:45-04:00", "answer_date": "2024-05-26 20:04:45", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1757307", "url": "\/study-help\/questions\/howell-corporations-activitybased-costing-system-has-three-activity-cost-poolsmachining-1757307", "question_creation_date_js": "2024-05-26T20:04:45-04:00", "question_creation_date": "May 26, 2024 08:04 PM", "meta_title": "[Solved] Howell Corporation's activity-based costi | SolutionInn", "meta_description": "Answer of - Howell Corporation's activity-based costing system has three activity cost pools-Machining. Setting Up, and Other. The | SolutionInn", "meta_keywords": "howell,corporation,s,activity-based,costing,system,three,activity,cost,pools-machining,setting,company", "question_title_h1": " Howell Corporation's activity-based costing system has three activity cost pools-Machining. Setting Up, and Other. The company's overhead costs, which consist of equipment depreciation and", "question_title": " Howell Corporation's activity-based costing system has three activity cost pools-Machining. Setting", "question_title_for_js_snippet": "Howell Corporation's activity based costing system has three activity cost pools Machining Setting Up, and Other The company's overhead costs, which consist of equipment depreciation and indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources Equipment depreciation (total) Indirect labor (total) $35,300 $7,910, Distribution of Resource Consumption Across Activity Cost Pools Equipment depreciation Indirect labor Machining Setting Up 0 40 0 40 other 0 10 0 40 0 50 0 20 Costs in the Machining cost pool are assigned to products based on machine hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches Costs in the Other cost pool are not assigned to products Product S4 Product Co Total Batches 8,300 400 7,800 1,600 16,100 2,000 Additional data concerning the company's products appears below Product $4 Sales (total) $ 80,100 Direct materials (total) $22,200 Product Co $ 65,700 $22,800 Direct labor (total) $ 41,500 $ 27,000 Required a Assign overhead costs to activity cost pools using activity based costing b Calculate activity rates for each activity cost pool using activity based costing c Determine the amount of overhead cost that would be assigned to each product using activity based costing d Determine the product margins for each product using activity based costing Complete this question by entering your answers in the tabs below ", "question_description": "\"image\"image\"image", "transcribed_text": "Howell Corporation's activity-based costing system has three activity cost pools-Machining. Setting Up, and Other. The company's overhead costs, which consist of equipment depreciation and indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources. Equipment depreciation (total) Indirect labor (total) $35,300 $7,910, Distribution of Resource Consumption Across Activity Cost Pools Equipment depreciation Indirect labor Machining Setting Up 0.40 0.40 other 0.10 0.40 0.50 0.20 Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. Product S4 Product Co Total Batches 8,300 400 7,800 1,600 16,100 2,000 Additional data concerning the company's products appears below: Product $4 Sales (total) $ 80,100 Direct materials (total) $22,200 Product Co $ 65,700 $22,800 Direct labor (total) $ 41,500 $ 27,000 Required: a. Assign overhead costs to activity cost pools using activity-based costing. b. Calculate activity rates for each activity cost pool using activity-based costing. c. Determine the amount of overhead cost that would be assigned to each product using activity-based costing. d. Determine the product margins for each product using activity-based costing. Complete this question by entering your answers in the tabs below.", "related_book": { "title": "Fundamentals of Cost Accounting", "isbn": "9780078025525, 9780077517359, 77517350, 978-0077398194", "edition": "3rd Edition", "authors": "William Lanen, Shannon Anderson, Michael Maher", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/108.jpg", "uri": "\/textbooks\/fundamentals-of-cost-accounting-3rd-edition-108", "see_more_uri": "" }, "free_related_book": { "isbn": "1613254059", "uri": "\/textbooks\/dyno-don-the-cars-and-career-of-dyno-don-nicholson-1st-edition-9781613254059-129339", "name": "Dyno Don The Cars And Career Of Dyno Don Nicholson", "edition": "1st Edition" }, "question_posted": "2024-05-26 20:04:45", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/engineering-mechanics-dynamics\/if-the-end-of-the-cord-is-pulled-downward-with-1093609", "description": "If the end of the cord is pulled downward with speed v C , determine the angular velocities of pulleys A and B and the speed of block D. 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