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Maritime Brass Company manufactures pumps and valves and uses a time-driven activity- based cost (TDABC) system. Last year, Maritime recorded the following data for assigning
Maritime Brass Company manufactures pumps and valves and uses a time-driven activity- based cost (TDABC) system. Last year, Maritime recorded the following data for assigning manufacturing overhead costs to its products: (Click the icon to view the data) Maritime also developed the following information on revenues and costs other than manufacturing overhead: (Click the loon to view the revenue and other costs.) Requirements (a) Using the company's TDABC system, how much manufacturing overhead cost wil be assigned to pumps? How much will be assigned to valves? (b) What is the company's net income? (Assume the company sells the entire amount of the products it produces.) Requirement (a) Using the company's TDABC system, how much manufacturing overhead cost will be assigned to pumps? How much will be assigned to valves? The manufacturing overhead cost assigned to pumps will be $and the manufacturing overhead cost assigned to valves will be $ ver n Data table well ver n ng Requirements Machine setups and run time Labor for setups, receiving, and packing Engineering (for specializing products) Unit Cost Estimates Total Unit Time Estimates (Rates per Hour) $55 per machine hour $15 per labor hour $90 per engineering hour Practical Capacity Not (Hours Assigned to Products) Assigned to Products (Hours) Pumps Valves 900 1,800 3,500 4,000 300 500 100 888 150 Print Done overhead cost will the entire amount developed the following information on revenues g overhead: e icon to view the revenue and other costs.) e Data table - X Much will be assigned to 's net income? (Assume the com buces.) Total revenues $ 900,000 Total direct labor cost $ 140,000 Total direct materials cost $ 100,000 much will be assigned to valves? $ 82,000 mt (a) Using the company's TDABC system, how n cturing overhead cost assigned to pumps will be $ SG and A expenses Print Done
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