Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please include details and show formulas on how to complete the problem.. Thanks Columbus Company provides the following ABC costing information: Activities- Total Costs/ Activity-cost

Please include details and show formulas on how to complete the problem.. Thanks

Columbus Company provides the following ABC costing information: Activities- Total Costs/ Activity-cost drivers = Labor $336,000/ 8,000 hours

Gas $84,000/ 7,000 gallons

Invoices $180,000 /7,500 invoices

Total costs $600,000

The above activities used by their three departments are: Lawn Department labor- 3,100 hours.. Bush Department- labor 1,500 hours.. Plowing Department Labor 3,400 hours

Gas Lawn= 1,900 gallons... Bush= 900 gallons... Plowing= 4,200 gallons

Invoices Lawn= 1,300 invoices.... Bush= 400 invoices ...Plowing=5,800 invoices

If labor hours are used to allocate the non-labor, overhead costs, what is the overhead allocation rate? 10) A) $75.00 per hour B) $26.67 per hour C) $42.00 per hour D) $33.00 per hour

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

Wiley CPAexcel Exam Review April Study Guide Regulation 2017

Authors: Wiley

2nd Edition

1119369436, 978-1119369431

More Books

Students also viewed these Accounting questions

Question

1. Ask students to put their names on the backs of their papers.

Answered: 1 week ago

Question

socialist egalitarianism which resulted in wage levelling;

Answered: 1 week ago

Question

soyuznye (all-Union, controlling enterprises directly from Moscow);

Answered: 1 week ago