Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PAS. LO 6.3 Medical Tape makes two products: Generic and Label. It estimates it will produce 423,,694 units of Generic and 652,200 of Label, and

image text in transcribed
PAS. LO 6.3 Medical Tape makes two products: Generic and Label. It estimates it will produce 423,,694 units of Generic and 652,200 of Label, and the overhead for each of its cost pools is as follows Estimated Overhead Cost pool Material receipts Machine setups Assembly Inspection $133,000 300,000 700,000 250,000 $1.383.000 Total It has also estimated the activities for each cost driver as follows: Driver Generic Label Inspections Requisitions 600 950 400 450 300 250 Parts 400 Setups 350 How much is the overhead allocated to each unit of Generic and Label? PA6 LO 6.3 Box Sprngs, Inc, makes two sizes of box springs twin and double. The direct material for the twin is $25 per unit and $40 is used in direct labor, while the direct matenial for the double is $40 per unit, and the labor cost is $50 per unit Bax Springs estimates it will make 5,000 twins and 9,000 doubles in the next year It estimates the overhead for each cost pool and c0st driver activities as follows Use per Double Estimated Overhead Use per Twin Activity Cost Pools Driver Square feet of pine Square feet of quilting Square feet of filling Number of boxes Number of inspections 5,000 120,000 500,000 800,000 12,000 2,000 100,000 300,000 400,000 5,000 210,000 220,000 320,000 240,000 170,000 Framing Padding Filling Labeling Inspection How much does each unt cost to manufacture

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

CPA Exam Review 2020 At Least Know This Auditing And Attestation

Authors: At Least Know This

1st Edition

1706038364, 978-1706038368

More Books

Students also viewed these Accounting questions