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I cannot figure out questions 3-5 for the life of me. I attached the assignment with this request. Any help would be greatly appreciated!! BUS-FP4061

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I cannot figure out questions 3-5 for the life of me. I attached the assignment with this request. Any help would be greatly appreciated!!

image text in transcribed BUS-FP4061 - Managerial Accounting Principles Assessment 5: Applying Activity-Based Costing Worksheet Problem 1 Solve the given problem based on the following information. Conglomco Company's overhead costs are as follows: Production Activity Grinding Sanding Product modification Electrical System calibration Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) Indirect Materials ($) 325,000 130,000 700,000 250,000 600,000 Resources 13,000 machine hours 13,000 machine hours 1,500 engineering hours 17,000 direct labor hours 400 batches Each production activity can be classified into different levels: Unit level Batch level Product level Facility level Classify the following activities into the appropriate levels. Activity Grinding Sanding Product modification Electrical System calibration Other Overheads ($) Level Unit level Unit level Product level Facility level Batch level rinciples Input values Company name Other Overheads ($) 250,000 Conglomco Production Activity Grinding Sanding Product modification Electrical System calibration Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) Indirect Materials ($) 325,000 700,000 600,000 Resources Machine hours Machine hours Engineering hours Direct labor hours Batches 13,000 13,000 1,500 17,000 400 Indirect Materials ($) Other Overheads ($) 130,000 250,000 Problem 2 Solve the given problem based on the following information. Conglomco Company's overhead costs are as follows: Production Activity Grinding Sanding Product modification Electrical System calibration Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) 325,000 Indirect Materials ($) Other Overheads ($) 130,000 700,000 250,000 600,000 Resources 13,000 machine hours 13,000 machine hours 1,500 engineering hours 17,000 direct labor hours 400 batches Compute overhead rates for each activity and create cost pools as appropriate. Round the answers to two decimal places. Activity Grinding Sanding Product modification Electrical System calibration Equation 325,000 / 13,000 130,000 / 13,000 700,000 / 1,500 250,000 / 17,000 600,000 / 400 $ $ $ $ $ Overhead rates 25.00 10.00 466.67 14.71 1,500.00 Input values Company name Other Overheads ($) rhead rates 250,000 Conglomco Production Activity Grinding Sanding Product modification Electrical System calibration Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) Indirect Materials ($) 325,000 130,000 700,000 600,000 Resources Machine hours Machine hours Engineering hours Direct labor hours Batches 13,000 13,000 1,500 17,000 400 Indirect Materials ($) Other Overheads ($) 130,000 250,000 Problem 3 Solve the given problem based on the following information. ` Production Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) 325,000 Activity Grinding Sanding Product modification Electrical System calibration Resources 13,000 machine hours 13,000 machine hours 1,500 engineering hours 17,000 direct labor hours 400 batches Indirect Materials ($) 130,000 700,000 600,000 Job P and Job Q use the following resources: Resources Batches Engineering hours Machine hours Direct labor hours Job P 30 26 550 500 Job Q Number of units Job P 200 Job Q 2,500 90 32 5,500 4,375 Given the information in the table above, compute overhead costs for each job. Round the overhead rates to two decimal places. Round all other numbers to the nearest dollar. Activity Grinding Polishing Product modification Providing power System calibration Total cost of job Job P 25.00 Job Q Input values Company name Other Overheads ($) 250,000 Production Activity Grinding Sanding Product modification Electrical System calibration Activity Grinding Sanding Product modification Electrical System calibration s to the nearest dollar. Job Q Conglomco Indirect Labor ($) 325,000 700,000 600,000 Resources Machine hours Machine hours Engineering hours Direct labor hours Batches Resources Batches Engineering hours Machine hours Direct labor hours Job P 30 26 550 500 Job Q 90 32 5,500 4,375 Number of units Job P 200 Job Q 2,500 Indirect Materials ($) Other Overheads ($) 130,000 250,000 Resources 13,000 13,000 1,500 17,000 400 Problem 4 Solve the given problem based on the following information. Conglomco Company's overhead costs are as follows: Production Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) 325,000 Indirect Materials ($) Other Overheads ($) 130,000 700,000 250,000 600,000 Activity Grinding Sanding Product modification Electrical System calibration Resources 13,000 machine hours 13,000 machine hours 1,500 engineering hours 17,000 direct labor hours 400 batches Job P and Job Q use the following resources: Resources Batches Engineering hours Machine hours Direct labor hours Job P 30 26 550 500 Job Q 90 32 5,500 4,375 Number of units Job P 200 Job Q 2,500 What is the overhead cost per unit for Job P and Job Q? Round the overhead rates and average cost per unit to two decimal places. Round all other numbers to the nearest dollar. Costs Total overhead cost of job / Number of units in job Average overhead cost per unit Job P Job Q Input values Company name Other Overheads ($) 250,000 Conglomco Production Activity Grinding Sanding Product modification Electrical System calibration Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) 325,000 700,000 600,000 Resources Machine hours Machine hours Engineering hours Direct labor hours Batches Resources Batches Engineering hours Machine hours Direct labor hours Job P 30 26 550 500 Job Q Number of units Job P 200 Job Q 2,500 90 32 5,500 4,375 Indirect Materials ($) Other Overheads ($) 130,000 250,000 esources 13,000 13,000 1,500 17,000 400 Problem 5 Solve the given problem based on the following information. Conglomco Company's overhead costs are as follows: Production Activity Grinding Sanding Product modification Electrical System calibration Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) 325,000 Indirect Materials ($) Other Overheads ($) 130,000 700,000 250,00 600,000 Resources 13,000 machine hours 13,000 machine hours 1,500 engineering hours 17,000 direct labor hours 400 batches Job P and Job Q use the following resources: Resources Batches Engineering hours Machine hours Direct labor hours Job P 30 26 550 500 Job Q 90 32 5,500 4,375 Number of units Job P 200 Job Q 2,500 Compute overhead costs for the units produced for Job P and Job Q. Base the calculation on a plant-wide overhead rate that is based on direct labor hours. Round all answers to the nearest dollar. Activity Plant-Wide Rate Grinding Polishing Product modification Providing power System calibration Total overhead cost Rate per direct labor hour (Total overheads / Direct labor hours) Overhead cost for a job = Total direct labor hours Overhead rate Job P Job Q Average overhead cost per unit = Overhead cost / Units in each job Job P Job Q Input values Company name Other Overheads ($) 250,000 Conglomco Production Activity Grinding Sanding Product modification Electrical System calibration Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) Indirect Materials ($) 325,000 130,000 700,000 600,000 Resources Machine hours Machine hours Engineering hours Direct labor hours Batches Resources Batches Engineering hours Machine hours Direct labor hours Job P 30 26 550 500 Job Q 90 32 5,500 4,375 Number of units Job P 200 Job Q 2,500 13,000 13,000 1,500 17,000 400 Indirect Materials ($) Other Overheads ($) 130,000 250,000

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