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I attempted to do the beginning of this problem and for the life of me can't figure it out. PLEASE HELP !! Also, if it's
I attempted to do the beginning of this problem and for the life of me can't figure it out. PLEASE HELP !! Also, if it's not too much trouble show your work. It would be much appreciated. Thank you. Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the current period, the company reports the following data. Rounded Edge Squared Edge 9700 31.200 Direct materials 21500 Direct labor 12,000 overhead (300%of direct labor cost) 33700 69,500 103.200 Quantity produced 10.300 14.000 3.27 496 Average cost per ft (rounded) Glassworks's controller wishes to apply activity-based costing (ABC) to allocate the $54,000 of overhead costs incurred by the two product lines to see whether cost per foot would change markedly from that reported above. She has collected the following information. Overhead Cost Category (Activity Cost Poo) Cost 2,160 Assembly line preparation s 54000 She has also collected the following information about the cost drivers for each category (cost pool) and the amount of each driver used by the two product lines. (Round activity rate and cost per unit answers to 2 decimal places.) Overhead Cost Category (Activity Cost Pool) Driver Rounded Edge Squared Edge Direct labor cost (S) 6.000 S 12.000 300 hours 18,000 Depreciation of machinery Machine hours 1,100 hours Assembly line preparation Setups (number)
I attempted to do the beginning of this problem and for the life of me can't figure it out. PLEASE HELP !!
Also, if it's not too much trouble show your work. It would be much appreciated. Thank you.
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