Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help only 4 questions thank you Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven

please help only 4 questions thank you

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools: Estimated Overhead Expected Activity Cost Pool Cost Activity Labor-related $ 22 , 000 1, 000 direct labor-hours Machine-related $ 10 , 000 8,000 machine-hours Machine setups $ 36 , 000 800 setups Production orders $ 29 , 400 600 orders Product testing $ 27, 900 900 tests Packaging $ 68 , 400 3 , 600 packages General factory $ 56 , 800 1, 000 direct labor-hours Required: 1. Compute the activity rate for each activity cost pool. (Round your answers to 2 decimal places.) Activity Cost Pool Activity Rate Labor-related $ 22,000.00 per DLH Machine-related per MH Machine setups per setup Production orders per order Product testing per test Packaging per package General factory per DLHLarner Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Activity Rates Laborrelated S 9 . 00 per direct laborhour Machine-related $ 4 . 00 per machine-hour Machine setups S 70 . 00 per setup Production orders S 2 00 . 00 per order Shipments $ 1 3 0 . 0 0 per shipment General factory $ 4 . 00 per direct labor-hour Cost and activity data have been supplied for the following products: J78 1352 Direct materials cost per unit $ 4.50 $46.00 Direct labor cost per unit $ 3.25 $ 4.00 Number of units produced per year 4,000 500 [ Total Expected Activity J 78 1352 Direct labor-hours 1, 500 50 Machine-hours 2 , 400 50 Machine setups 3 2 Production orders 4 2 Shipments 9 2 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Unit product cost Expected Overhead Activity Cost Pool Activity Measure Cost Expected Activity Labor-related Direct laborhours $ 142,500 28,500 DLHs Purchase orders Number of orders $ 15,535 239 orders Parts management Number of part types $ 65,450 85 part types Board etching Number of boards $ 105,600 1,760 boards General factory Machine-hours $ 144,000 18,000 MHs [ Required: 1. Compute the activity rate for each of the activity cost pools. 2. The expected activity for the year was distributed among the company's four products as follows: Expected Activity Activity Cost Pool Product A Product 13 Product C Product D Labor-related (DLHs) 6,700 13,000 4,100 4,700 Purchase orders (orders) 66 28 43 9'? Parts management (part types) 2'! 12 32 14 Board etching (boards) 510 720 530 0 General factory (mils) 3,700 7,500 2,500 4,300 Using the ABC data, determine the total amount of overhead cost assigned to each product. Complete this question by entering your answers in the tabs below. Compute the activity rate for each of the activity cost pools. Labor-related - per DLH Parts management - per part type Activity Cost Pool Activity Measure Cost Expected Activity Labor-related Direct labor-hours $ 142,500 23,500 DLHs Purchase orders Number of orders $ 15,535 239 orders Parts management Number of part types S 65,450 85 part types Board etching Number of boards $ 105,600 1,760 boards General factory Machine-hours $ 144,000 13,000 Ms [ Required: 1. Compute the activity rate for each of the activity cost pools. 2. The expected activity for the year was distributed among the company's four products as follows: Expected Activity Activity Cost Pool Product A Product 13 Product C Product D Labor-related (DLHs) 6,700 13,000 4,100 4,700 Purchase orders (orders) 66 28 43 97 Parts management (part types) 27 12 32 14 Board etching (boards) 510 720 530 0 General factory (MHs) 3,700 7,500 2,500 4,300 Using the ABC data, determine the total amount of overhead cost assigned to each product. Complete this question by entering your answers in Hue tabs below. Required 1 Required 2 Required information [T he following information applies to the questions displayed below: J Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools: Activity Cost Pool Labor-related Machine-related Machine setups Production orders Product testing Packaging General factory Estimated Overhead Cost $22,000 $10,000 $36,000 $29,400 $27,500 $68,400 $56,000 Expected Activity 1,000 direct labor-hours 3,000 machine-hours 800 setups 600 orders 900 tests 3,600 packages 1,000 direct laborhours 2. Compute the company's predetermined overhead rate, assuming that the company uses a single plantwide predetermined overhead rate based on direct labor-hours. (Round your answer to 2 decimal places.)

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

Accounting Equations & Answers

Authors: Barcharts, BarCharts Inc

1st Edition

1423218248, 9781423218241

More Books

Students also viewed these Accounting questions

Question

The quality of the proposed ideas

Answered: 1 week ago

Question

The number of new ideas that emerge

Answered: 1 week ago