Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help me solve these problems on my homework:) ABC has three activities: Setting up Machines, Inspecting Products and Technological Production. ABC has three cost
please help me solve these problems on my homework:)
ABC has three activities: Setting up Machines, Inspecting Products and Technological Production. ABC has three cost drivers that match the three activities: Machine Setups, Inspection Hours and Machine hours. Total estimated overhead cost for setting up machines 114,000 Total estimated overhead cost for inspecting products 198,000 Total estimated overhead cost for Technological Production 191,000 Machine Setup total activity 9,000 Inspection hours total activity 10,000 Machine hours total activity 6,000 What is the allocation rate for technological production? ROUND YOUR ANSWER TO NEAREST WHOLE NUMBER Enter your answer as a whole number without decimals or commas. Your Answer: Question 2 (10 points) Listen ABC has three activities: Setting up Machines, Inspecting Products and Technological Production. ABC has three cost drivers that match the three activities: Machine Setups, Inspection Hours and Machine hours. Total estimated overhead cost for setting up machines 137,000 Total estimated overhead cost for inspecting products 162,000 Total estimated overhead cost for Technological Production 179,000 Machine Setup total activity 6,000 Inspection hours total activity 7,000 Machine hours total activity 10,000 What is the allocation rate for inspecting products? ROUND YOUR ANSWER TO NEAREST WHOLE NUMBER Enter your an wer as a whole number without decimals or commas. Your Answer: Question 3 (10 points) Listen Direct materials = 1,800 Direct Labor = 2,700 Manufacturing Overhead = 3,400 Selling costs = 4,500 Administrative costs = 5,800 Sales = 6,300 What is the prime cost? ROUND YOUR ANSWER TO NEAREST WHOLE NUMBER Enter your answer as a whole number without decimals or commas. Your Answer: Question 4 (10 points) Listen ABC had estimated overhead cost of 120,000, actual overhead costs of 220,000, estimated direct labor hours of 10,000, and actual direct labor hours of 22,000 hours. What is the predetermined overhead allocation rate? ROUND YOUR ANSWER TO NEAREST WHOLE NUMBER Enter your answer as a whole number without decimals or commas. Your Answer: Question 5 (10 points) Listen Direct materials = 1,200 Direct Labor = 2,200 Manufacturing Overhead = 3,900 Selling costs = 4,000 Administrative costs = 5.100 Sales = 6,500 What is the total product cost? ROUND YOUR ANSWER TO NEAREST WHOLE NUMBER Enter your answer as a whole number without decimals or commas. Your Answer: Question 6 (10 points) Listen Direct materials = 2,000 Direct Labor = 2,900 Manufacturing Overhead = 3,700 Selling costs = 4,200 Administrative costs = 5,700 Sales = 6,000 What is the conversion cost? ROUND YOUR ANSWER TO NEAREST WHOLE NUMBER Enter your answer as a whole number without decimals or commas. Your Answer: Answer Question 7 (10 points) Listen ABC has three activities: Setting up Machines, Inspecting Products and Technological Production. ABC has three cost drivers that match the three activities: Machine Setups, Inspection Hours and Machine hours. Total estimated overhead cos for setting up machines 132,000 Total estimated overhead cost for inspecting products 185,000 Total estimated overhead cost for Technological Production 149,000 Machine Setup total activity 4,000 Inspection hours total activity 7,000 Machine hours total activity 10,000 What is the allocation rate for setting up machines? ROUND YOUR ANSWER TO NEAREST WHOLE NUMBER 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