Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls answer these all questions as i have to submit today. { Assignment 6... o Assignment 6... Assignment for ACC 420 FBC & ABC Power

image text in transcribed

pls answer these all questions as i have to submit today.

{ Assignment 6... o Assignment 6... Assignment for ACC 420 FBC & ABC Power Maintenance cost Ordering cost Set ups cost Cost Driver Number of setups Number of orders Machine Hours Kilowatt hours 15000 7800 6150 4500 El activity) 400 4,000 5.000 52000 Question Lotus Ltd has identified the following overhead costs and cost drivers for next year The following is one of the jobs completed during the year Overhead Items Power Maintenance cost Ordering cost Set ups cost Cost Driver Number of setups Number of orders Machine Hours Kilowatt hours E cost) 15000 7800 6150 4500 El activity) 400 4,000 5.000 52000 Direct materials Hourly rate Units completed DLH Number of setups Number of orders Machine hours Kilowatt hours Actual overhead Product A S1200 25 125 140 4 20 250 75 S1500 Product B $1300 30 150 70 6 9 100 48 $950 1/2 The following is one of the jobs completed during the year The company's practical activity is 9800 machine hours Direct materials Hourly rate Units completed DLH Number of setups Number of orders Machine hours Kilowatt hours Actual overhead Product A $1200 25 125 140 4 20 250 75 S1500 Product B $1300 30 150 70 6 9 100 48 $950 REQUIRED Part 1 The company's practical activity is 9800 machine hours 1. Calculate the predetermined rate for the plant using FBC based on machine hours for each job 2. Calculate total product cost using FBC based on Machine hours for each job 3. Calculate the unit cost for each Product 4. Is the overhead over-applied or under-applied? Part 2 REQUIRED Part 1 5. Calculate the predetermined rate for the plant using ABC based on machine hours for each job 6. Calculate product cost under ABC. 7. Calculate the unit cost for each Product [ABC] 8. Is the overhead over-applied or under-applied under ABC? 9. Compare the result of FBC and ABC. 1. Calculate the predetermined rate for the plant using FBC based on machine hours for each job

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

CLEP Financial Accounting Study Guide

Authors: Passyourclass

1st Edition

1614330115, 978-1614330110

More Books

Students also viewed these Accounting questions

Question

1. Describe the types of power that effective leaders employ

Answered: 1 week ago