12:58 PM Tue Feb 20 + 18% AA ezto.mheducation.com Tennessee State University D2L Homepage - Prin Manageri... M Question 1- Ch 17: Assign... B BVT Publishing - Business... Course Hero Ch 17: Assignment i Saved Help Save & Exit Submit Check my work 6.66 points 1 Skipped eBook Hint Exercise 17-2 (Algo) Computing plantwide overhead rate LO P1 Hydro Sports budgets overhead cost of $760,000 for the year. The company manufactures two types of jet skis: standard and deluxe. Budgeted direct labor hours per unit are 7 for the standard model and 12 for the deluxe model. The company budgets production of 200 units of the standard model and 200 units of the deluxe model for the year. 1. Compute the total number of budgeted direct labor hours for the year. 2. Compute the plantwide overhead rate using budgeted direct labor hours. 3. Compute overhead cost per unit for each model using the plantwide overhead rate. Actual direct labor hours per unit are 7 for the standard model and 12 for the deluxe model. Print References Mc Graw Hill Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the total number of budgeted direct labor hours for the year. Model Standard Deluxe Total Number of Units Direct Labor Hours per Unit Budgeted Direct Labor Hours Required 1 0 Required 2 Prev 1 of 15 Next > 12:58 PM Tue Feb 20 17% 0 AA ezto.mheducation.com + Tennessee State University D2L Homepage - Prin Manageri... M Question 2 - Ch 17: Assign... B BVT Publishing - Business... Course Hero Ch 17: Assignment i Saved Help Save & Exit Submit Check my work 2 6.66 points Skipped eBook Hint Print Exercise 17-4 (Algo) Plantwide rate for a service LO P1 Health Cooperative is an outpatient surgical clinic. It budgets $691,900 of overhead cost for the year. The two main surgical units and their data follow. Service Budgeted Surgeries General surgery Orthopedic surgery 470 270 1. Compute a single plantwide rate, assuming the company allocates overhead cost based on 740 budgeted surgeries. 2. In May of this year, the company performed 27 general surgeries and 21 orthopedic surgeries. Allocate overhead to each of the two types of surgeries for May using the single plantwide overhead rate. References Mc Graw Hill Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute a single plantwide rate, assuming the company allocates overhead cost based on 740 budgeted surgeries. Select Numerator Select Denominator Required 1 Required 2 < Prev 2 of 15 Next > 0 12:59 PM Tue Feb 20 17% 0 AA ezto.mheducation.com + Tennessee State University D2L Homepage - Prin Manageri... M Question 5 - Ch 17: Assign... B BVT Publishing - Business... Course Hero Ch 17: Assignment i Saved Help Save & Exit Submit Check my work 5 Laval produces lighting fixtures. Budgeted information for its two production departments follows. The departments use machine hours (MH) and direct labor hours (DLH). 6.66 points eBook Hint Print References Mc Graw Hill Fabricating Overhead cost $ 1,140,000 Assembly $ 380,000 Direct labor hours 152,000 DLH 95,000 MH 38,000 DLH 77,500 MH Machine hours Laval reports the following for one of its products, a desk lamp. Desk lamp Number of Units 4,000 Required: Fabricating Department Assembly Department Direct Labor Hours Machine Hours per Direct Labor Hours Machine Hours per per Unit Unit per Unit Unit 2 DLH per unit 3 DLH per unit 2 MH per unit 0.6 MH per unit 1. Determine the plantwide overhead rate using 190,000 direct labor hours as the allocation base. 2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the Fabricating department and direct labor hours in the Assembly department. 4. Determine the overhead cost per unit for the desk lamp using the departmental overhead rates. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 < Prev 5 of 15 Next 12:59 PM Tue Feb 20 Tennessee State University Ch 17: Assignment i Mc 7 -- 17% 0 AA ezto.mheducation.com + D2L Homepage - Prin Manageri... M Question 7 - Ch 17: Assign... B BVT Publishing - Business... Course Hero Saved Help Save & Exit Submit Part 1 of 2 6.66 points eBook Hint Required information Use the following information for the Quick Studies below. (Algo) Chan Company identified the following budgeted data for this year. The company manufactures two types of scooters: standard and fast. Activity Handling materials Quality inspection Purchasing Total Budgeted Overhead Cost $ 681,000 132,000 67,000 $ 880,000 Budgeted Activity 100,000 parts 1,500 inspections 1,000 orders Check my work Print References QS 17-4 (Algo) Computing plantwide overhead rate LO P1 1. Compute a single plantwide overhead rate assuming that the company allocates overhead cost based on 10,000 budgeted direct labor hours. 2. The standard model uses 5 direct labor hours per unit, and the fast model uses 10 direct labor hours per unit. Compute overhead cost per unit for each model. Graw Hill Complete this question by entering your answers in the tabs below. S Prev 7 8 of 15 Next > 12:59 PM Tue Feb 20 17% 0 AA ezto.mheducation.com + Tennessee State University D2L Homepage - Prin Manageri... M Question 8 - Ch 17: Assign... B BVT Publishing - Business... Course Hero Ch 17: Assignment i Saved Help Save & Exit Submit 8 Part 2 of 2 Required information Use the following information for the Quick Studies below. (Algo) Chan Company identified the following budgeted data for this year. The company manufactures two types of scooters: standard and fast. 6.66 points eBook Hint Activity Handling materials Quality inspection Purchasing Total Budgeted Overhead Cost $ 681,000 132,000 67,000 $ 880,000 Budgeted Activity 100,000 parts 1,500 inspections 1,000 orders Check my work Print References QS 17-5 (Algo) Computing overhead rates using ABC LO P3 Compute an overhead activity rate for each activity assuming the company uses activity-based costing. (Round your answers to 2 decimal places.) Mc Graw Hill Activity Handling materials Quality inspection Purchasing Budgeted Cost Budgeted Activity Usage 681,000 132,000 67,000 880,000 S Prev of 15 Next > Activity Rate 12:59 PM Tue Feb 20 17% 0 AA ezto.mheducation.com + Tennessee State University D2L Homepage - Prin Manageri... M Question 9 - Ch 17: Assign... B BVT Publishing - Business... Course Hero Ch 17: Assignment i Saved Help Save & Exit Submit 9 6.66 points Check my work QS 17-10 (Algo) Computing activity rates for activity-based costing LO P3 A company sells two types of products: standard and deluxe. It prepares the following analysis showing budgeted cost and cost driver activity for each of its three activities. eBook Hint Activity Factory services Print Setup Quality control References Mc Graw Hill Budgeted Cost $ 104,400 Activity Cost Driver Square feet Standard 3,000 $ 11,500 $ 116,250 Setups 300 2,500 Budgeted Activity Usage Deluxe 2,800 200 5,250 Total 5,800 500 7,750 Units inspected Compute an activity rate for each activity using activity-based costing. Activity Factory services $ Budgeted Cost 104,400 Budgeted Activity Usage Activity Rate Setup 11,500 Quality control 116,250 < Prev 9 of 15 Next > 12:59 PM Tue Feb 20 Tennessee State University Ch 17: Assignment i 17% 0 AA ezto.mheducation.com + D2L Homepage - Prin Manageri... M Question 10 - Ch 17: Assig... B BVT Publishing - Business... Course Hero Saved Help Save & Exit Submit 10 QS 17-14 (Algo) Activity-based costing and overhead cost allocation LO P3 6.66 points Mia Company uses activity-based costing and reports the following for this year. eBook Activity Cutting Assembly Total Budgeted Cost $ 28,000 80,000 Activity Cost Driver Machine hours (MH) Direct labor hours (DLH) $ 108,000 Hint Print References Mc Graw Hill (a) Compute an activity rate for each activity using activity-based costing. (b) Allocate overhead costs to a job that uses 30 machine hours and 25 direct labor hours. Complete this question by entering your answers in the tabs below. Required A Required B Compute an activity rate for each activity using activity-based costing. Activity Cutting Assembly Budgeted Cost Budgeted Activity Usage Required A Required B > < Prev 10 of 15 Next > Check my work Budgeted Activity Usage 4,000 machine hours 8,000 direct labor hours Activity Rate 12:59 PM Tue Feb 20 Tennessee State University Ch 17: Assignment i 11 17% 0 AA ezto.mheducation.com + D2L Homepage - Prin Manageri... M Question 11 - Ch 17: Assign... B BVT Publishing - Business... Course Hero Saved Help Save & Exit Submit Check my work 6.66 points eBook Hint QS 17-18 (Algo) Allocating costs using ABC for a service company LO P4 Qinto Company sells two types of products: basic and deluxe. The company provides technical support for its products at a budgeted overhead cost of $436,600 per year. The company allocates technical support cost based on 11,800 budgeted technical support calls per year. 1. Compute the activity rate for technical support using activity-based costing. 2. During January, Qinto received 770 calls on its deluxe model and 185 calls on its basic model. Allocate technical support costs to each model. Print References Mc Graw Hill Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the activity rate for technical support using activity-based costing. Numerator Denominator Technical support activity rate ||| Required 1 Required 2 Prev 11 of 15 Next 12:59 PM Tue Feb 20 17% 0 AA ezto.mheducation.com + Tennessee State University D2L Homepage - Prin Manageri... M Question 12 - Ch 17: Assig... B BVT Publishing - Business... Course Hero Ch 17: Assignment i Saved Help Save & Exit Submit 12 Consider the following data for two products of Vigano Manufacturing. 6.66 points Activity Machine setup Parts handling Quality inspections Total budgeted overhead eBook Hint Unit Information Units produced Budgeted Cost Activity Driver $ 17,000 (20 machine setups) 13,600 (16,000 parts) 20,400 (100 inspections) $ 51,000 Product A 1,700 units Product B 340 units Print Direct materials cost $ 27 per unit $ 37 per unit Direct labor cost References $ 47 per unit 2 per unit $ 57 per unit 2.50 per unit Mc Graw Hill Check my work Direct labor hours 1. Using a plantwide overhead rate based on 4,250 direct labor hours, compute the total product cost per unit for each product. 2. Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. Actual Activity Usage Setups Parts Inspections Product A 8 setups 10,000 parts 40 inspections Product B 12 setups 6,000 parts 60 inspections Complete this question by entering your answers in the tabs below. Prev 12 of 15 Next 1:00 PM Tue Feb 20 + 16% AA ezto.mheducation.com Tennessee State University D2L Homepage - Prin Manageri... M Question 13 - Ch 17: Assig... B BVT Publishing - Business... Course Hero Ch 17: Assignment i Saved Help Save & Exit Submit 13 Check my work Ice Cool produces two different models of air conditioners. The activities, costs, and cost drivers associated with the production processes follow. 6.66 points Process Assembly Activity Machining Setups Budgeted Activity Budgeted Cost Activity Cost Driver Usage $ 311,200 28,000 Machine hours (MH) 7,800 Setups 120 $ 339,200 eBook Hint Finishing Support Inspecting $ 230,000 Purchasing $ 134,000 Inspections 820 Purchase orders 480 Print References Additional production information concerning its two models follows. Mc Graw Hill Units and Activities Units produced Machine hours Setups Inspections Purchase orders Per Unit Model X Model Z 1,400 2,800 2,400 5,400 40 80 500 320 320 160 Model X Model Z $ 420 $ 400 150 110 150 135 Selling price per unit Direct materials cost per unit Direct labor cost per unit 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model. compute the gross profit per unit (selling price per unit minus product cost per unit). < Prev 13 of 15 Next > K 1:00 PM Tue Feb 20 + 16% AA ezto.mheducation.com Tennessee State University D2L Homepage - Prin Manageri... M Question 14 - Ch 17: Assig... B BVT Publishing - Business... Course Hero Ch 17: Assignment i Saved Help Save & Exit Submit 14 and product cost per unit LO P3 6.66 points Check my work Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data. Direct materials Direct labor eBook Overhead (using plantwide rate) $ 36,600 12,200 43,200 Rounded Edge Squared Edge Total $ 85,200 Hint Total product cost $ 92,000 $ 163,400 $ 48,600 32,400 82,400 44,600 125,600 $ 255,400 Units produced 12,200 16,200 Print Product cost per unit $ 7.54 $ 10.09 References Mc Graw Hill Northwest's controller wants to apply activity-based costing to allocate the $125,600 of overhead cost to the two products to see whether product cost per unit would change markedly from that above. The company's budgeted activity usage equals its actual activity usage for the period. The following additional information is collected. Activity Purchasing Depreciation of machinery Setup Budgeted Cost $ 6,500 65,400 53,700 Activity Cost Driver Purchase orders Machine hours Setups Rounded Edge 164 orders 500 hours 40 setups Activity Usage Squared Edge 486 orders 1,500 hours 210 setups 2, Total $ 125,600 Required: 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Prev 14 of 15 Next > 1:00 PM Tue Feb 20 + 16% AA ezto.mheducation.com Tennessee State University D2L Homepage - Prin Manageri... M Question 15 - Ch 17: Assig... B BVT Publishing - Business... Course Hero Ch 17: Assignment i Saved Help Save & Exit Submit 15 Exercise 17-23 (Algo) Activity-based costing for a service provider LO P4 Check my work 6.76 points Singh and Danzin is an architectural firm that provides services for residential construction projects. The following overhead cost data are from the current period. eBook Hint Print References Mc Graw Hill Activity Client consultation Drawings Budgeted Costs $ 279,000 121,000 Budgeted Activity Usage 1,500 contact hours 2,000 design hours 1. Compute an activity rate for each activity using activity-based costing. 2. Allocate overhead cost to a job that requires 51 contact hours and 346 design hours. 1. Compute an activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 decimal places.) Activity Client consultation Drawings Budgeted Cost Budgeted Activity Usage Activity Rate 2. Allocate overhead cost to a job that requires 51 contact hours and 346 design hours. (Round "Activity Rate" to 2 decimal places and other answers to the nearest whole dollar amount.) Activity Client consultation Drawings Activity Usage Activity Rate Prev 15 of 15 Next Allocated Cost