Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6656b9b2b8032_6666656b9b25a87a.jpg)
Transcribed Image Text:
Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing Supervising Other $ 3,870 $ 25,000 $ 11,500 Processing costs are assigned to products using machine-hours (MHS) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Product MO Product M5 Total MHs (Processing) 8,500 500 9,000 Batches (Supervising) 500 500 1,000 Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Sales (total) Direct materials (total) Direct labor (total) Product MO Product M5 $ 81,500 $ 95,400 $ 29,600 $ 32,500 $ 28,900 $ 42,800 What is the overhead cost assigned to Product M5 under activity-based costing? Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing Supervising Other $ 3,870 $ 25,000 $ 11,500 Processing costs are assigned to products using machine-hours (MHS) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Product MO Product M5 Total MHs (Processing) 8,500 500 9,000 Batches (Supervising) 500 500 1,000 Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Sales (total) Direct materials (total) Direct labor (total) Product MO Product M5 $ 81,500 $ 95,400 $ 29,600 $ 32,500 $ 28,900 $ 42,800 What is the overhead cost assigned to Product M5 under activity-based costing?
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
In a forward punch in karate, the fist begins at rest at the waist and is brought rapidly forward until the arm is fully extended. The speed v(t) of the fist is given in figure for someone skilled in...
-
How is the framework of managerial functions-planning, organizing, leading, and controlling-useful to auditors when they carry out an evaluation of top management's performance in relation to the...
-
Why would the interest rate also be considered a cost of saving? Explain.
-
Complete the chart below, indicating the Calvet Trusts entity accounting income for each of the alternatives. For this purpose, use the following information. Interest income, taxable Interest...
-
The optimal capital structure:
-
Consider the following cash flows: Year 0 = ($36,000) Year 1 = $16,000 Year 2 = $18,000 Year 3 = $22,000 negative number 1. Calculate the profitability index assuming a discount rate of 12%. 2....
-
The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co.: Salaries: Sales salaries Deductions: $180,000 Income tax withheld $65,296...
-
You have just been hired as the chief executive officer (CEO) in a medium-sized organization. The organization is not suffering financially, but neither is it doing as well as it could do. This is...
-
The following is the selling price and cost information about three joint products: X Y Z Anticipated production 1 2 , 0 0 0 lbs . 8 , 0 0 0 lbs . 7 , 0 0 0 lbs . Selling price / lb . at split - off...
-
calculate the maximum bending compressive stress of the following section under NEGATIVE bending moment of 216KN.m. 216mm 416mm 316mm 115mm
-
Need assistance with the following forms: 1040 Schedule 1 Schedule 2 Schedule C Schedule SE Form 4562 Form 8995 Appendix B, CP B-3 Christian Everland (SS number 412-34-5670) is single and resides at...
-
To establish a competitive advantage, a company must deliver its distinctive value through a distinctive value chain. It must perform different activities than rivals or perform similar activities in...
-
Trade policy in less-developed countries can be analyzed using the same analytical tools used to discuss advanced countries. However, the particular issues characteristic of developing countries are...
-
The view that economic development must take place via import substitution, and the pessimism about economic development that spread as import-substituting industrialization seemed to fail, have been...
-
Using the infant industry argument as justification, many less-developed countries pursued policies of import-substituting industrialization in which domestic industries are created under the...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App