Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Oriole Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. The following information is

image text in transcribed

Oriole Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. The following information is available regarding activity cost pools, cost drivers, total estimated overhead costs, and estimated use of activities per product: Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 65000 500 orders Machine Setup Setups 342500 450 setups Machining Machine hours 1373500 125000 MH Assembly Parts 1300000 1000000 parts Inspection Inspections 295000 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is O $6752 per order. O $0.65 per direct labor hour. $0.07 per part. O $130 per order. Save for Later Attempts: 0 of 1 used Submit Answer

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_2

Step: 3

blur-text-image_3

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

Cost Accounting Foundations and Evolutions

Authors: Michael R. Kinney, Cecily A. Raiborn

8th Edition

9781439044612, 1439044619, 978-1111626822

More Books

Students also viewed these Accounting questions

Question

14. Promote both material and human coordination.

Answered: 1 week ago