Question
If the company used activity based costing, calculate the total overhead cost that would be assigned for material handling to the job? If the company
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If the company used activity based costing, calculate the total overhead cost that would be assigned for material handling to the job?
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If the company used activity based costing, calculate the total overhead cost that would be assigned for maintenance to the job?
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If the company used activity based costing, calculate the total overhead cost that would be assigned for inspections to the job?
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If the company used activity based costing, calculate the total material cost + direct labour cost that would be assigned to the job?
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If the company used activity based costing, calculate the total cost that would be assigned to the job?
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If the company allocated overhead to the job using a plantwide overhead rate, calculate the total overhead cost assigned to the job?
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If the company allocated overhead to the job using a plantwide overhead rate, calculate the total cost assigned to the job?
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It would not be appropriate to adopt an ABC policy if which of the following were true: (Multiple choice)
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The products being produced were quite similar
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The cost of developing individuals' cost pools was too great.
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All products consumed resources in a similar manner.
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All of the answers are correct
Populace Manufacturing Inc., ("the company") a pre-fab shack manufacturer, is considering bidding on a job. In order to submit this bid, the company needs to calculate the total cost of performing this job. Financial details for the proposed job are as follows: Number of inspections 80 Number of machine hours 600 Number of direct labour hours 2,000 Direct materials $21,000 Direct labour $16,000 Number of material moves 25 The company has three different categories of overhead. The overhead costs for each of the categories for the next year are as follows: Costs Cost Driver Expected Activity Materials handling $30,000 Material moves 15,000 Maintenance $360,000 Machine hours 24.000 Inspection $14,000 Inspections 4,000 The company applies overhead using a predetermined overhead rate based upon a budgeted direct labour hours of 50,000. Using the above information answer the following questions
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