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i need answer to requirement 4 of the question Chaney Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and

i need answer to requirement 4 of the question
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Chaney Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and cost drivers have been identified: Click the icon to view the activity costs and drivers ) The Job Cost Record for Job #624 revealed that direct materials requisitioned for the job totaled $1.140. The Job Cost Record also showed that direct labor for this job totaled 7 hours at a wage rate of $30 per hour. Other data collected on the resources used by Job 0624 included: (Click the icon to view the other data) Read the requirements. olar JOD COST Requirement 3. Why would ABC provide a more accurato allocation of manufacturing overhead (MOH) than a plantwide rate? The cost estimate based on ABC would provide a more accurate allocation of MOH than a plantwide rate because the cost estimate takes into account the specific resources used by each job. This information can be used to prloo jobs based on more accurate costs Requirement 4. Assume that Charoy Products used a traditional costing system rather than an ABC wystom. Its plantwido MOH rate would have been determined using direct labor (DL) hours as the allocation base. How much cost distortion would have occurred on this job? Begin by calculating the plantwide overhead rate. First identify the formula used to compute the plantwide overhead rate, then compute the rate. (Round the rate to the nearest whole dollar) - Plantwide overhead rate Clear All Check Answer Help Me Solve This Video Get More Help id Data Table Total estimated MOH Total estimated amount of Activity costs related to activity allocation base activity Machine setup $ 150,000 3,000 setups Machining... S 1,350,000 7.500 machine hours Polishing... $ 99,000 11,000 polishing cloths S Quality control 175,000 3.500 tests run S 40.000 20,000 DL hours Facility-level costs.. 1.814,000 Total manufacturing overhead (MOH)... $ $ . $ Print Done Data Table - Data Table twide ra 1 machine setup required This cos 3 machine hours s 4 polishing cloths 3 quality control tests run hntwic rate Print Done bver Requirement 1. Calculate the activity cost allocation rate for each of the five pools listed in the table. (Round the allocation rate to the easton Abbreviations used: DL - direct labor, MH machine hour) $ $ Machine setup Machining Polishing Quality control Facility level costs Total activity cost pool 150,000 1.350.000 99,000 175,000 40,000 Total activity allocation base 3,000 7.500 11,000 3,500 20.000 $ = $ = $ Activity cost allocation rate 50.00 per setup 180,00 por MH 9.00 per cloth 50.00 perfet 2.00 por DL hour S ES $ Requirement 2. Calculate the total cost of Job #624 (use an ABC costing system) RE Requirement 2. Calculate the total cost of Job #624 (use an ABC costing system) Job Cost Record JOB # 624 Direct materials Direct labor Manufacturing overhead allocated Total job cost Manufacturing Costs S 1.140 $ 210 $ 790 $ 2.140 Requirement 3. Why would ABC provide a more accurate allocation of manufacturing overhead (MOH) than a plantwide rate? The cost estimate based on ABC would provide a more accurate allocation of MOH than a plantwide rate because this cost estimate takes into account TL TotaJOD COST Requirement 3. Why would ABC provide a more accurate allocation of manufacturing overhead (MOH) than a plantwide rahu? The cost estimate based on ABC would provide a more accurate allocation of MOH than a plantwide rate because this cost estimate taken into account the specific resources used by each job. This information can be used to prion jobs based on more accurate conta Requirement 4. Assume that Charioy Products used a traditional desting system rather than an ABC utom upluride MOH rate would have been determined using direct labor (DL) hours as the allocation base. How much cost distortion would have occurred on this job? Begin by calculating the plantwide overhead rate. First identify the formula used to compute the plantwide overhead rate, then compute the rate. (Round the rate to the nearest whole dollar) Plantwido overhead rate

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