Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer asap Use the following information to answer the next two questions: Gregory Enterprises has identified three cost pools to allocate overhead costs. The

image text in transcribedimage text in transcribedplease answer asap

Use the following information to answer the next two questions: Gregory Enterprises has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year: Cost Pool Overhead Costs Cst Driver Activity Quantity Supervisors $320,000 DL hours 800,000 hours Maintenance $120,000 Machine hours 960,000 hours 100,000 square Facility rent $200,000 Square meters meters Total MOH costs $640,000 The accounting records show the Mossman Job consumed the following resources: Cost driver Actual level DL hours 200 hours Machine hours 1,600 hours Square meters 50 square meters If Gregory Enterprises uses a traditional cost system based on direct labour hours, then what amount of indirect costs will be allocated to the Mossman job? Do not include any dollar signs, commas, decimal places and/or spaces in your answer. Your answer should only include digits. For example, if the correct answer is 1021, you should enter 1021 as your answer. If you enter $1021 or 1,021 or 1 021 or $1021.00, your answer will be marked wrong. If Gregory Enterprises uses an ABC system, then what amount of indirect costs will be allocated to the Mossman job? Do not include any dollar signs, commas, decimal places and/or spaces in your answer. Your answer should only include digits. For example, if the correct answer is 1021, you should enter 1021 as your answer. If you enter $1021 or 1,021 or 1 021 or $1021.00, your answer will be marked wrong

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

The ASQ Certified Medical Device Auditor Handbook

Authors: Scott A Laman

4th Edition

1953079962, 978-1953079961

More Books

Students also viewed these Accounting questions