Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I am looking for help with my accounting test, there are 7 questions in total https://ezto.mheducation.com/ext/map/index.html?_con=con&exter 0&.launchUrl=https%253A%252F%252FI... A to Homework: Activity Based Costing Assignment i
I am looking for help with my accounting test, there are 7 questions in total
https://ezto.mheducation.com/ext/map/index.html?_con=con&exter 0&.launchUrl=https%253A%252F%252FI... A to Homework: Activity Based Costing Assignment i Help Save & Exit Submit Check my work 2 Health Cooperative is an outpatient surgical clinic. It budgets $1,000,000 of overhead cost for the year. The two main surgical units and their data follow. Service Budgeted Surgeries General surgery 600 Orthopedic surgery 400 points 1. Compute a single plantwide rate, assuming the company allocates overhead cost based on 1,000 budgeted surgeries. 2. In May of this year, the company performed 40 general surgeries and 34 orthopedic surgeries. Allocate overhead to each of eBook the two types of surgeries for May using the single plantwide overhead rate. Hint Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Compute a single plantwide rate, assuming the company allocates overhead cost based on 1,000 budgeted surgeries. Select Numerator Select Denominator Required 2 > Grav 11:347 Type here to search Russ. 131/204 model are 5 in Assembly and 2 in Finishing. Actual direct labor hours for the deluxe model are 10 in Assemb Complete this question by entering your answers in the tabs below. points Required 1 Required 2 Required 3 eBook Compute departmental overhead rates for each department using direct labor hours for that department. Print Compute a departmental overhead rate for the Assembly department. References Departmental OH rate Compute a departmental overhead rate for the Finishing department. Departmental OH rate Mc Graw Type here to search COMPhttps://ezto.mheducation.com/ext/map/index.html?_con=con&exte #0&launchUrl=https%253A%252F%252FI... A 16 Homework: Activity Based Costing Assignment i Help Save & Exit Submit Check my work 3 Complete this question by entering your answers in the tabs below. Required 1 Required 2 points Using a single plantwide rate, the company computes overhead cost per unit of $16 for the standard model and $21 for the deluxe model. Which model should the company produce? Hint: Compute product cost per unit and compare that with selling eBook price to get gross profit per unit. (A negative gross profit should be indicated with a minus sign. ) Print Product cost per unit: Direct materials Direct Labor Overhead Product Cost per unit References Standard $ 38 $ 28 Deluxe $ 33 Gross profit per unit: Selling price Product cost Gross profit Standard Deluxe + Which model should the company produce? Required 2 > Mc Graw Hill Type here to search 59.Fhttps://ezto.mheducation.com/ext/map/index.html?_con=con&ex BunchUrl=https%253A%252F%252FI... A to Homework: Activity Based Costing Assignment i Help Save & Exit Submit Check my work 7 Consider the following data for two products of Vigano Manufacturing Activity Budgeted Cost Activity Driver Machine setup $ 12,000 (20 machine setups) 3 Parts handling 9 , 600 (16, 000 parts) 14, 400 (100 inspections) points Quality inspections Total budgeted overhead $ 36, 000 eBook Unit Information Product A Product B Units produced 1, 200 units 240 units Hint Direct materials cost $ 22 per unit $ 32 per unit Direct labor cost $ 42 per unit $ 52 per unit Print Direct labor hours 2 per unit 2.50 per unit References 1. Using a plantwide overhead rate based on 3,000 direct labor hours, compute the total product cost per unit for each product. 2. Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. Actual Activity Usage Product A Product B Setups 8 setups 12 setups Parts 10, 000 parts 6, 000 parts Inspections 40 inspections 60 inspections Complete this question by entering your answers in the tabs below. Mc raw Type here to search 59OF1. Compute the plantwide overhead rate using direct labor hours as the allocation base. 2. Determine the overhead cost per unit for each part using the piantwide rate. \"is qumon by entering your answars in the tab: below. i Required 1 ' Required 2 :::1 MM Required 2 ' Homework: Activity Based Costing Assignment i Help Save & Exit Subm Check my work 7 Required 1 Required 2 Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. (Round your final answers to 2 decimal places.) points Show less A a. Compute overhead activity rates eBook Activity Activity Rate Hint Machine setup per setup Print Parts handling per part References Quality inspection per inspection b. Allocate overhead to Product A, B and compute overhead cost per unit Allocated Cost Activity Product A Product B Machine setup Parts handling Quality inspection Total allocated cost Units produced MC Graw Type here to search 59.Fof Mail HE Topic: W Homew |Lu Homew Quest Lu Topic | Untitled A docuno Mall C @ https://ezto.mheducation.com/ext/map/index.html?_con=con&external browser=0&launchUrl=https%253A%252F%252FI. G Homework: Activity Based Costing Assignment i Saved Help Save & Exit Submit Check my work 3 Complete this question by entering your answers in the tabs below. 3 Required 1 Required 2 points Using activity-based costing, the company computes overhead cost per unit of $4 for the standard model and $47 for the deluxe model. Which model should the company produce? Hint: Compute product cost per unit and compare that with selling price per eBook unit to get gross profit per unit. Print Product cost per unit: Direct materials Direct labor Overhead Product Cost per Unit References Standard $ 38 $ 28 Deluxe $ 43 $ 33 Gross profit per unit: Selling price Product cost Gross profit Standard Deluxe Which model should the company produce? Required 1 3 of 14 Graw 59 OF Type here to searchHomework: Activity Based Costing Assignment i Help Save & Exit Check my 7 Machine setup per setup Parts handling per part Quality inspection per inspection 3 b. Allocate overhead to Product A, B and compute overhead cost per unit points Allocated Cost Actit Product A Product B eBook Machine setup Parts handling Hint Quality inspection Print Total allocated cost References Units produced Overhead cost per unit c. Product cost per unit using activity-based costing Per Unit Product Cost per Unit Product A Product B Type here to search 59.Fhttps://ezto.mheducation.com/ext/map/index.html?_con=con&exter unchUrl=https%253A%252F%252Fl... A> Homework: Activity Based Costing Assignment i Help Save & Exit Submit Check my work models Cost per Unit Standard Deluxe Direct materials $ 14 $ 25 Direct labor 20 29 3 points 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,700 direct labor hours. 2. The standard model uses 2 direct labor hours per unit and the deluxe model uses 3 direct labor hours per unit. Compute overhead cost per unit for each model. eBook 3. Compute the total product cost per unit for both models. Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 Compute the total product cost per unit for both models. Cost per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Standard S 14 $ 20 Deluxe S 25 $ 29 Mc Graw Prey 1 of 14 Next > Type here to search Russ.1 1 20 Topic W x Homewe Lu Homew Que X Topic: D E Untitled | A docu Of Mat https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browse. launchUrl=https%253A%2525%252FI... A 18 Homework: Activity Based Costing Assignment i Saved Help Save & Exit Submit Check my work Shakti Company budgets overhead cost of $67,000 for the year. The company reports the following for its standard and deluxe models. Cost per Unit Standard Deluxe Direct materials $ 14 $ 25 3 Direct labor 20 29 points 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,700 direct labor hours. 2. The standard model uses 2 direct labor hours per unit and the deluxe model uses 3 direct labor hours per unit. Compute Book overhead cost per unit for each model. 3. Compute the total product cost per unit for both models. References 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 6,700 direct labor hours. Select Numerator Select Denominator Prev 1 of 14 Next > Type here to search Russ..omework: Activity Based Costing Assignment i Help Save & Exit S 6 Check my w Required information Complete this question by entering your answers in the tabs below. Part 2 of 2 Required 1 Required 2 joints Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. eBook Molding Hint Print Trimming References Required 2 > 59.F Type here to searchwork: Activity Based Costing Assignment i Help Save & Exit Sub Check my work Required information of 2 Required 1 Required 2 Determine the overhead cost per unit for each part using the departmental rates. (Round "Overhead rate" and "Hours per unit" to 2 decimal places.) Part Z Departmental Overhead Rate Hours per Unit Overhead cost per unit Molding Dok Trimming Total Part X Departmental Overhead Rate Hours per Unit Overhead cost per unit ences Molding Trimming Total 59.F here to search1. Compute each department's total number of budgeted direct labor hours for the year. 2. Compute departmental overhead rates for each department using direct labor hours for that department. 3 3. Compute overhead cost per unit for each model using departmental overhead rates. Actual direct labor hours points model are 5 in Assembly and 2 in Finishing. Actual direct labor hours for the deluxe model are 10 in Assembly and eBook Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Required 3 Compute each department's total number of budgeted direct labor hours for the year. Number of Assembly Department + Finishing Department Units DLHs per Unit Total Hours DLHs per Unit Total Hours Standard Deluxe Totals Required 2 > Mc Graw COMP Type here to searchwork: Activity Based Costing Assignment i Help Save & Exit Submit Check my work lodel are 5 in Assembly and 2 in Finishing. Actual direct labor hours for the deluxe model are 10 in Assembly and 4 in Finishing Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Book Compute overhead cost per unit for each model using departmental overhead rates. Actual direct labor hours for the standard model are 5 Print in Assembly and 2 in Finishing. Actual direct labor hours for the deluxe model are 10 in Assembly and 4 in Finishing. erences Standard Deluxe Department Departmental Overhead Rate Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated Assembly Finishing Totals COMP e here to searchhttps://ezto.mheducation.com/ext/map/index.html?_con= Homework: Activity Based Costing Assignment i Help Save & Exit Submit Check my work 5 Required: 1. Compute the plantwide overhead rate using direct labor hours as the allocation base. 2. Determine the overhead cost per unit for each part using the plantwide rate. Part 1 of 2 Complete this question by entering your answers in the tabs below. points Required 1 Required 2 eBook Determine the overheal cost per unit for each part using the plantwide rate. (Round "Plantwide Overhead Rate" and "Overhead cost per 2 decimal places.) Hint Print Part Plantwide Overhead Rate Activity Usage Overhead cost per unit Z References X Hill COMP Type here to searchQue X https://ezto.mheducation.com/ext/map/index.html?_con=con&external https%2534%252F%252FI.. A 16 Homework: Activity Based Costing Assignment Save & Exit Submit Check my work models Cost per Unit Standard Deluxe Direct materials $ 14 $ 25 Direct labor 20 29 3 points 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,700 direct labor hours. 2. The standard model uses 2 direct labor hours per unit and the deluxe model uses 3 direct labor hours per unit. Compute overhead cost per unit for each model. GBook 3. Compute the total product cost per unit for both models. Print Ref rences Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The standard mode Required 2 ect labor hours per unit and the deluxe model uses 3 direct labor hours per unit. Compute overhead cost per unit for each model. Model Plantwide Overhead Rate Hours per Unit Overhead Allocated Standard per unit Deluxe per unit Graw Prev 1 of 14 Next > Tippe here to search Russhttps://ezto.mheducation.com/ext/map/index.html?_con=con&extern launchUrl=https%253A%252F%252FI... A to Homework: Activity Based Costing Assignment i Help Save & Exit Submit Check my work 5 Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $260,000 in the Molding department and $220,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Part 1 of 2 Number of Molding Department Trimming Department Units Hours per Unit Total Hours Hours per Unit Total Hours Part Z 3,000 2.0 MH per unit 6, 000 MH 3 DLH per unit 9, 000 DLH B Part X 4, 000 2.5 MH per unit 10, 000 MH 4 DLH per unit 16, 000 DLH points Totals 16, 000 MH 25, 000 DLH eBook Required: Hint 1. Compute the plantwide overhead rate using direct labor hours as the allocation base. 2. Determine the overhead cost per unit for each part using the plantwide rate. Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the plantwide overhead rate using direct labor hours as the allocation base. Mc Graw Type here to search COMPQur X https://ezto.mheducation.com/ext/map/index.html?_con=con&external launchUrl=https%253A%252F%252FI... A $6 0 38 lomework: Activity Based Costing Assignment Help Save & Exit Submit Check my work 3 Wess Company has limited capacity and can produce either its standard product or its deluxe product. Additional information follows. Per Unit Standard Deluxe Selling price $ 76 $ 110 Direct materials 38 43 points Direct labor 28 33 1. Using a single plantwide rate, the company computes overhead cost per unit of $16 for the standard model and $21 for the ebook deluxe model. Which model should the company produce? Hint: Compute product cost per unit and compare that with selling price to get gross profit per unit. Print 2. Using activity-based costing, the company computes overhead cost per unit of $4 for the standard model and $47 for the deluxe model. Which model should the company produce? Hint: Compute product cost per unit and compare that with selling price per unit to get gross profit per unit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using a single plantwide rate, the company computes overhead cost per unit of $16 for the standard model and $21 for the deluxe model. Which model should the company produce? Hint: Compute product cost per unit and compare that with selling price to get gross profit per unit. (A negative gross profit should be indicated with a minus sign. ) Type here to search Russ..https://ezto.mheducation.com/ext/map/index.html?_con er=0&launchUrl=https%253A%252F%252FI... A Lo Homework: Activity Based Costing Assignment i Help Save & Exit Su Check my wo 7 Setups 8 setups 12 setups Parts 10, 000 parts 6,000 parts Inspections 40 inspections 60 inspections 3 Complete this question by entering your answers in the tabs below. points Required 1 Required 2 eBook Hint Using a plantwide overhead rate based on 3,000 direct labor hours, compute the total product cost per unit for each product. Print Product Cost Per Unit Direct Overhead Materials Direct Labor per Unit References Product A Product B + Required 2 > Mc Graw Hill 59'F Type here to searchMail Lu Top Hownew D https://ezto.mheducation.com/ext/map/index.html?_con=con&ext ser=0&launchUrl=https%253A%252F%252FI... A Homework: Activity Based Costing Assignment Help Save & Exit Submit Check my work 2 units and their data follow. Service Budgeted Surgeries General surgery 600 Orthopedic surgery 400 3 points 1. Compute a single plantwide rate, assuming the company allocates overhead cost based on 1,000 budgeted surgeries. 2. In May of this year, the company performed 40 general surgeries and 34 orthopedic surgeries. Allocate overhead to each of the two types of surgeries for May using the single plantwide overhead rate. eBook Hint Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 In May of this year, the company performed 40 general surgeries and 34 orthopedic surgeries. Allocate overhead to each of the two types of surgeries for May using the single plantwide overhead rate. Plantwide Overhead Number of Surgeries Allocated Cost Rate General surgery Orthopedic surgery Mc Graw Type here to search Russ.https://ezto.mheducation.com/ext/map/index.html?_con=con&e 0&launchUrl=https%253A%2525%252FI... A G Homework: Activity Based Costing Assignment i Help Save & Exit Submit Check my work 6 Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $260,000 in the Molding department and $220,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Part 2 of 2 Number of Molding Department Trimming Department Units Hours per Unit Total Hours Hours per Unit Total Hours Part Z 3,000 2. 0 MH per unit 6, 000 MH 3 DLH per unit 9, 000 DLH 3 Part X 4, 000 2.5 MH per unit 10,000 MH 4 DLH per unit 16, 000 DLH Totals 16, 000 MH 25, 000 DLH points eBook Required: Hint 1. Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. Print 2. Determine the overhead cost per unit for each part using the departmental rates. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 - Eartha Maladinn d Mc 59.F Type here to searchMal Homew L Homew Question Lu Topic: D | Untitled | Adorn O Mat it https://ezto.mheducation.com/ext/map/index.html?_con=con&extern #0&launchUrl=https%253A%252F%252FI... A Homework: Activity Based Costing Assignment i Saved Help Save & Exit Submit Check my work Hydro Sports budgets overhead cost of $540,000 for the year; of this amount, $315,000 is traceable to the Assembly department and $225,000 is traceable to the Finishing department. The company manufactures two types of jet skis: standard and deluxe. Budgeted direct labor hours for the standard model are 5 in Assembly and 2 in Finishing. Budgeted direct labor hours for the deluxe model are 10 in Assembly and 4 in Finishing. The company budgets production of 150 units of the standard model and 150 units of the deluxe model for the year. 3 points 1. Compute each department's total number of budgeted direct labor hours for the year. 2. Compute departmental overhead rates for each department using direct labor hours for that department. 3. Compute overhead cost per unit for each model using departmental overhead rates. Actual direct labor hours for the standard eBook model are 5 in Assembly and 2 in Finishing. Actual direct labor hours for the deluxe model are 10 in Assembly and 4 in Finishing Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute each department's total number of budgeted direct labor hours for the year. Number of Assembly Department Finishing Department Units DLHs per Unit Total Hours DLHs per Unit Total Hours Standard Deluxe c Graw COMP Type here to searchStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started