Lab 4 - Chapter 17 - ABC Costing problem Home Insert Draw Page Layout Formulas Data Review View Tell me Calibri Body 12 - A A Number B TV 29 Wie Text Merge & Center A ==== = $ % 22 Conditional Format Cell Formatting Table Styles Insen De fx SUM[613:113) c D E G M N 1 Name ACC 214-ah Chapter 17 (ABC Casting 0 P Use cell references/formulas in highlighted calls The ton Corporation produces three products Product Product and Product Direct laber Manufacturing Overhead $20 per hour is the estimated direct labor cost $1,350,000 estimated total cost 10 Products Z 11 Number of units to be produced Number of machine hours expected to be used Number of direct labor hours expected to be used X 30.000 2,700 20,000 20,000 3,200 Total 60,000 8100 30.500 10.000 2.200 3,000 14 500 1s Put calculate the total cost of producing each product and the werage cost per unit locating MOH as described below. 17 st: First calculate the overhead aplication ratele Total Direct Materials Used Total Direct Labor Cost Allocated wount of MOHled using direct labor hours 21 as the factory wide contre Total Cost $1,100,000 $400,000 $480,000 $150,000 $325.000 $60 000 $1.305.000 $610.000 Overhead application the wine Dt how 25 - Part I calculate the total cost of producing each product 27 and the werage cost per un catingMOws described below 20 Total Direct Materials Used Total Director Cost $1.100.000 $400.000 $400,000 $150,000 $325.000 560.000 $1,905.000 5610.000 pady art 2: calculate the total cost of producing each product nd the average cost per unit allocating MOH as described below. otal Direct Materials Used otal Direct Labor Cost llocated amount of MOH applied using machine hours as the factory-wide cost driver Total Cost $1,100,000 $400,000 $480,000 $150,000 $325,000 $60,000 $1,905,000 $610,000 Average cost per unit w HOLD Ae Lab 4 - Chapter 17 - ABC Casting problem Home art Draw Page Layout Formulas Data Review View Tell me to - A A Car Body B TV weet $ %) WE 13 Com mange 13 x fe-SUMG131131 N Put you decide to sing activity based ning wil vide a different permet result for the average cost of producing awhunt of product Che foto con af dung hot and the content Mode as you put the towing information the who 41 Ativi Costier timated Produs Product Product Amet of Overhead 10 30 Setup of machines of Dring mah favor 2.700 100 20000 7500 30 250 8100 3050 100 2.00 3000 20 Inicion $100,000 5010,000 3475.000 5215.000 Omhaal Over one Owho Overdroconfort 50 53.100.000 5400.000 540.000 $150.000 $125.000 560.000 $1.995.000 5610.000 Towet Murah Total Decor Allocated MORE Stip of the 5. Dring Any Pion Total AMOR Toca Costi Average Content 4 Part Am decided to director hours as the code to a manutengeweheads to produced wt 1) Ling boosteve me that your company decided to the hours) or activity based ABC ht Urata Review View Tell me Calibody 12 - A A Number -A- XFx SUMG13:113) Merge - 5 % C D H Aly pedio Total Allocated MOH Total Costs Average cost per unit Part 4 Assume your company decided to use direct labor hours as the cost driver to allocate manufacturing overhead coats to its produced part 1 Uning direct labor hours to allocate overhead means that your company decided not to use machine hours part of activity based costing (ABC foart) let your company choose the best approach to allocate manufacturing overhead costs to determine total costs and cost per unit? Why ar why not? write a short paragraph toplin Answer: 70 31 72 34 7 79 00 51 83 34 Sheet Paste 2 Wrap Text Number > BIU A thil IM Merge & Center $ % 13 x fx =SUM(G13:113) Conditional For Formatting a A B D G H 1 Name ACC 214 -- Lab 14: Chapter 17 (ABC Costing) Use cell references/formulas in highlighted cells The Hitt/Kingston Corporation produces three products: Product X, Product Yand Product Z. Direct Labor: Manufacturing Overhead: $20 per hour is the estimated direct labor cost. $1,850,000 estimated total cost Products Y z Total 30,000 20,000 60,000 Number of units to be produced Number of machine hours expected to be used Number of direct labor hours expected to be used 2,700 10,000 2,200 3,200 20,000 7,500 8.100 30,500 3,000 Part 1: calculate the total cost of producing each product and the average cost per unit allocating MOH as described below. Hint: First-calcula $1,100,000 $400,000 $480,000 $150,000 $325,000 $60,000 $1,905,000 $610,000 Total Direct Materials Used Total Direct Labor Cost Allocated amount of MOH applied using direct labor hours as the factory-wide cost driver Overhe Total Cost Average cost per unit Lab 4 - Chapter 17 - ABC Costing problem Home Insert Draw Page Layout Formulas Data Review View Tell me Calibri Body 12 - A A Number B TV 29 Wie Text Merge & Center A ==== = $ % 22 Conditional Format Cell Formatting Table Styles Insen De fx SUM[613:113) c D E G M N 1 Name ACC 214-ah Chapter 17 (ABC Casting 0 P Use cell references/formulas in highlighted calls The ton Corporation produces three products Product Product and Product Direct laber Manufacturing Overhead $20 per hour is the estimated direct labor cost $1,350,000 estimated total cost 10 Products Z 11 Number of units to be produced Number of machine hours expected to be used Number of direct labor hours expected to be used X 30.000 2,700 20,000 20,000 3,200 Total 60,000 8100 30.500 10.000 2.200 3,000 14 500 1s Put calculate the total cost of producing each product and the werage cost per unit locating MOH as described below. 17 st: First calculate the overhead aplication ratele Total Direct Materials Used Total Direct Labor Cost Allocated wount of MOHled using direct labor hours 21 as the factory wide contre Total Cost $1,100,000 $400,000 $480,000 $150,000 $325.000 $60 000 $1.305.000 $610.000 Overhead application the wine Dt how 25 - Part I calculate the total cost of producing each product 27 and the werage cost per un catingMOws described below 20 Total Direct Materials Used Total Director Cost $1.100.000 $400.000 $400,000 $150,000 $325.000 560.000 $1,905.000 5610.000 pady art 2: calculate the total cost of producing each product nd the average cost per unit allocating MOH as described below. otal Direct Materials Used otal Direct Labor Cost llocated amount of MOH applied using machine hours as the factory-wide cost driver Total Cost $1,100,000 $400,000 $480,000 $150,000 $325,000 $60,000 $1,905,000 $610,000 Average cost per unit w HOLD Ae Lab 4 - Chapter 17 - ABC Casting problem Home art Draw Page Layout Formulas Data Review View Tell me to - A A Car Body B TV weet $ %) WE 13 Com mange 13 x fe-SUMG131131 N Put you decide to sing activity based ning wil vide a different permet result for the average cost of producing awhunt of product Che foto con af dung hot and the content Mode as you put the towing information the who 41 Ativi Costier timated Produs Product Product Amet of Overhead 10 30 Setup of machines of Dring mah favor 2.700 100 20000 7500 30 250 8100 3050 100 2.00 3000 20 Inicion $100,000 5010,000 3475.000 5215.000 Omhaal Over one Owho Overdroconfort 50 53.100.000 5400.000 540.000 $150.000 $125.000 560.000 $1.995.000 5610.000 Towet Murah Total Decor Allocated MORE Stip of the 5. Dring Any Pion Total AMOR Toca Costi Average Content 4 Part Am decided to director hours as the code to a manutengeweheads to produced wt 1) Ling boosteve me that your company decided to the hours) or activity based ABC ht Urata Review View Tell me Calibody 12 - A A Number -A- XFx SUMG13:113) Merge - 5 % C D H Aly pedio Total Allocated MOH Total Costs Average cost per unit Part 4 Assume your company decided to use direct labor hours as the cost driver to allocate manufacturing overhead coats to its produced part 1 Uning direct labor hours to allocate overhead means that your company decided not to use machine hours part of activity based costing (ABC foart) let your company choose the best approach to allocate manufacturing overhead costs to determine total costs and cost per unit? Why ar why not? write a short paragraph toplin Answer: 70 31 72 34 7 79 00 51 83 34 Sheet Paste 2 Wrap Text Number > BIU A thil IM Merge & Center $ % 13 x fx =SUM(G13:113) Conditional For Formatting a A B D G H 1 Name ACC 214 -- Lab 14: Chapter 17 (ABC Costing) Use cell references/formulas in highlighted cells The Hitt/Kingston Corporation produces three products: Product X, Product Yand Product Z. Direct Labor: Manufacturing Overhead: $20 per hour is the estimated direct labor cost. $1,850,000 estimated total cost Products Y z Total 30,000 20,000 60,000 Number of units to be produced Number of machine hours expected to be used Number of direct labor hours expected to be used 2,700 10,000 2,200 3,200 20,000 7,500 8.100 30,500 3,000 Part 1: calculate the total cost of producing each product and the average cost per unit allocating MOH as described below. Hint: First-calcula $1,100,000 $400,000 $480,000 $150,000 $325,000 $60,000 $1,905,000 $610,000 Total Direct Materials Used Total Direct Labor Cost Allocated amount of MOH applied using direct labor hours as the factory-wide cost driver Overhe Total Cost Average cost per unit