Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I got 10.92/12 on this question. Can you please solve it all over again and showcase to me which parts are incorrect. QUESTION: David Inc.
I got 10.92/12 on this question. Can you please solve it all over again and showcase to me which parts are incorrect.
QUESTION: David Inc. manufactures bobblehead dolls of famous baseball players. These dolls are in high demand from fans. The company currently uses a plantwide overhead rate in order to allocate overhead to each job. They use direct labour hours as their cost driver. The following estimates are available for the upcoming year: Management would like to explore the use of activity based costing. For molding, the company will use machine hours as the activity driver and for painting they will use direct labour hours as the activity driver. Actual data for the past month is as follows: Using the above information answer the following questions. What is the activity rate that would be used for molding? HINT: remember to apply the entry rules. What is the total overhead allocated to molding for the past month? HINT: remember to apply the entry rules. 21000.00 Is overhead under- or over-allocated for molding? Enter A for under-allocated Enter B for over-allocated Enter the letters without additional spaces or punctuation. A By how much is the molding overhead under- or over-applied? HINT: Enter your answer as a positive number and please follow the entry rules! 3000.00 What is the total overhead allocated to painting for the past month? HINT: remember to apply the entry rules. 24800.00 Is overhead under- or over-allocated for painting? Enter A for under-allocated Enter B for over-allocated Enter the letters without additional spaces or punctuation. B By how much is the painting overhead under- or over-applied? HINT: Enter your answer as a positive number and please follow the entry rules! 1800.00 If the company continued to use the plantwide rate, what is the total overhead allocated to production for the past month? HINT: remember to apply the entry rules. 10.40 Is overhead under- or over-allocated for the month if they continued to use the plantwide overhead rate? Enter A for under-allocated Enter B for over-allocated Enter the letters without additional spaces or punctuation. A By how much is the overhead under- or over-applied if the company continued to use the plantwide rate? HINT: Enter your answer as a positive number and please follow the entry rules Step 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