Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please attempt all parts for a big thumbs up. i really need help. I shall be very thankful to you. 20. Poodle Company manufactures two
please attempt all parts for a big thumbs up. i really need help. I shall be very thankful to you.
20. Poodle Company manufactures two products, Mini A and Maxi B. Poodle's overhead costs consist of setting up machines, $800,000; machining, $2,000,000; and inspecting, $600,000. Information on the two products is: Mini A Maxi B Direct labour hours 15,000 25,000 Machine setups 600 400 Machine hours 24,000 26,000 Inspections 800 700 Overhead applied to Mini A using activity-based costing is a) $1,275,000. b) $1,536,000 c) $1,760,000 d) $1,920,000 21. Poodle Company manufactures two products, Mini A and Maxi B. Poodle's overhead costs consist of setting up machines, $800,000; machining, $2,000,000; and inspecting, $600,000. Information on the two products is: Mini A Maxi B Direct labour hours 15,000 25,000 Machine setups 600 400 Machine hours 24,000 26,000 Inspections 800 700 Overhead applied to Maxi B using activity-based costing is a) $1,280,000. b) $1,640,000. c) $1,664,000. d) $2,125,000. 22. Veronica Co. produces three products, Products Rain, Snow, and Wind. Product Rain requires 15 machine setups, Product Snow requires 20 setups, and Product Wind requires 35 setups. Veronica has identified an activity cost pool with allocated overhead of $420,000 for which the cost driver is machine setups. How much overhead is assigned to each product Rain, Snow and Wind in order? a) $140,000 $140,000 $140,000 b) $28,000 $21,000 $12,000 c) $90,000 $120,000 $210,000 d) $12,000 $21,000 $28,000 23. GoFish Inc. has an overhead rate for machine setups of $200 per machine setup, for a total of $56,000 of overhead. The company produces two products, Product Salamander and Product Gold, which require 120 and 160 setups each, respectively. The overhead assigned to each product for Salamander and Gold in order is a) $28,000 $28,000 b) $32,000 $24,000 c) $26,000 $30,000 d) $24,000 $32,000 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started