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Javor Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been
Javor Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year: (Click the icon to view activities, total costs, and cost drivers.) (Click the icon for additional information.) Read the requirements 1. Compute the activity cost allocation rates for the year. (Round your answers to the nearest whole dollar.) First determine the formula to compute the allocation rate for the activity-based cost rate, then calculate the rate for each activity. = Activity cost allocation rate Machine setups - per setup = per machine hour Machining Quality control = per QC test 2. Complete the following job cost record for Job 433 Data Table Job Cost Record - X Manufacturing Costs Requirements JOB 433 Direct material Direct labor Manufacturing overhead 1. Compute the activity cost allocation rates for the year. 2. Complete the job cost record for Job 433. Estimated Total Manufacturing Estimated Total Usage Activity Overhead Costs of Cost Driver Machine setup ....... $ 156,600 2,900 setups Machining $ 1,020,000 5,100 machine hours Quality control .... $ 396,000 4,400 tests run Total job cost. Print Done Print Done
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