Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Judy Bloom Manufacturing Inc. (the company) is a chair manufacturer, and has three different categories of overhead. The overhead costs for each of the categories

image text in transcribed

Judy Bloom Manufacturing Inc. ("the company") is a chair manufacturer, and 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 $210,000 Material moves 15,000 Maintenance $500,000 Machine hours 40,000 Inspection $20,000 Inspections 8,000 The company applies overhead using a predetermined overhead rate based upon a budgeted direct labour hours of 73,000. The company has been asked to submit a bid on a proposed 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 material moves Number of inspections Number of machine hours Direct materials Direct labour Number of direct labour hours 651 140 4,500 $67,000 $57,000 12,700 Use the ans the following questions. Question 16 (1 point) If the company used activity-based costing, calculate the total overhead cost that would be assigned for material handling to the job A/ Question 17 (1 point) If the company used activity-based costing, calculate the total overhead cost that would be assigned for maintenance to the job A Question 18 (1 point) If the company used activity-based costing, calculate the total overhead cost that would be assigned for inspections to the job A Question 19 (1 point) If the company used activity-based costing, calculate the total of material cost + direct labour cost that would be assigned to the job A

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

More Books

Students also viewed these Accounting questions

Question

What are demographics?

Answered: 1 week ago