Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

i just need you to answer the question on the second picture the other pictures are just the correct answers to the other questions just

image text in transcribed
image text in transcribed
image text in transcribed
i just need you to answer the question on the second picture the other pictures are just the correct answers to the other questions just in case u needed them to help solve
no its not c2 answer is at the bottom on page 3 the question i need answered is c3 on page 2
image text in transcribed
image text in transcribed
image text in transcribed
Click if you would I USUW HUIUI SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Attempts: 1 of 3 used What is the manufacturing cost per stairway under the proposed activity-based costing? (Round answer to 2 decimal places, e.g. 12.25.) Total cost per stairway Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT Attempts: 0 of 3 used SAVE FOR LATER og machine hours. Predelermined overhead rate - Budgeted total overhead/Budgeted machine hours Predetermined overhead rate = 1,056,330/100,000 $10.56 per hour b. Manufacturing cost per stairway under traditional cosing We have to first calculate total cost of 250 stairways. For this, we need to allocate the overheads based on machine hour rate calculated above. Particulars Amount ($) Direct materials 104,400 Direct labour 112,700 Manufacturing overheads (15,300 machine hours * $10.56 per hour) 161,568 Total cost of 250 stairways 378,668 + Units 250 Manufacturing cost per stairway 1,514.67 (c1) Activity based overhead rate To calculate the activity based overhead rate, we need to divide the total cost of the activity pools by the estimated use of cost drivers. Overhead cost pools Total cost Use of cost drivers Overhead rate Purchasing 74,400 600 124.00 Handling materials 82.640 8.000 30 33 Production 216.000 100.000 236 Setting up machine 96,250 1.250 77.00 Inspecting 96.000 6000 16.00 Inventory control 131,040 168,000 0.78 Utilities 360.000 90 000 (c2) Total overheads assigned under ABC To calculate total overheads assigned under ABC, we need to multiply the activity usage for 250 stairways of cach activity pool by the activity overhead rate calculated in (cl above. CALCULATOR PRINTER VERSION BLACK Your answer is correct. ompute the predetermined overhead rate using traditional costing with machine hours as the basis. (Round answer to 2 decimal places, e.g. 12.25.) redetermined overhead rate 10.56 per machine hour Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used (b) Your answer is correct What is the manufacturing cost per stairway under traditional costing? (Round answer to 2 decimal places, .g. 12.25.) Cost per stairway 1 1514.67 533 PM 2/4/2020 earch (c1) CALCULATOR PRIN Your answer is correct. alculate activity-based overhead rate for each activity. (Round answers to 2 decimal places, e.g. 12.25.) Activity Overhead Rate va urchasing 124 per order Handling materials 10.33 per move 2.16 per D/L hour Production Setting up machines 77 per setup Inspecting 16 per inspection Inventory control 0.78 per component Utilities 4 per sq. ft. Click if you would like to Show Work for this question: Open Show Work CALCULATOR (c2) Your answer is correct. Caluclate total overhead assigned under ABC. Total overhead assigned 86532 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Attempts: 1 of 3 used What is the manufacturing cost per stairway under the proposed activity-based costing? (Round answer to 2 decimal places... 12.25. Total cost per stairway if u would like to Show Work for this question: Open Show Work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Cases An Active Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

2nd Edition

0130674842, 978-0130674845

Students also viewed these Accounting questions