Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

K Tyre Corp producen two types of tren, ropular and now tires. The company was activity based costing and has identified two activities and their

K Tyre Corp producen two types of tren, ropular and now tires. The company was activity based costing and has identified two activities and their budgeted coute Molding Assembly RM 75,000 RM 260 000 Molding is baned on mixing hours and assembly us based on machine hours Information regarding each product is as follows Regular tire Snow fire Units produced 5.000 2.000 Mixing hours 525 275 Machine hours 1000 160 Required: A Calculate the activity rate for molding and assembly Round your answer to two decimal places [4marks] B Calculate how much total overhead is assigned to each type of time. [6marks] C. Calculate the unit overhead assigned to each type of tire Amaris] D Assume the company does not use ABC costing Calculate the plantwide overhead rate, based on machine hours. Round your answer to two decimal places [2marks] E Calculate the total overhead assigned to each type of tire using the plantwide overhead rate marks

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

Accounting For Decision Making And Control

Authors: Jerold Zimmerman

10th Edition

1259969495, 978-1259969492

More Books

Students also viewed these Accounting questions

Question

4. What is the goal of the others in the network?

Answered: 1 week ago

Question

2. What we can learn from the past

Answered: 1 week ago