Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Metal Company budgeted $574,000 manufacturing direct wages, 4,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup

image text in transcribed

Metal Company budgeted $574,000 manufacturing direct wages, 4,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Budgeted Overhead Cost $ 306,000 23,200 1,240 21,000 Requirements for Job #971 which manufactured 4 units of product: Direct labor Direct materials Machine setup 20 hours 150 pounds 40 setups Budgeted Level for Cost Driver 5,100 pounds 580 setups 31,000 machine hours 350 inspections Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections Machine hours 16,900 machine hours Inspections 15 inspections The total overhead of Job #971 under the Activity-Based Costing costing is:

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

Managerial Accounting

Authors: Karen W. Braun, Wendy M. Tietz

5th edition

134128524, 978-0134128528

More Books

Students also viewed these Accounting questions

Question

differentiate the function ( x + 1 ) / ( x ^ 3 + x - 6 )

Answered: 1 week ago