Points 9 Submitting an external tool Attempts 1 Allowed Attempts 1 JS Kimmel, Accounting, 7e Help | System Announcements Exercise 17-04 al-a2, b-c Altex Inc, manufactures two products: car wheels and truck wheels. To determine the amount of overt Car Truck 15,000 35,000 Estimated wheels produced Direct labor hours per wheel 1 3 Total estimated overhead costs for the two product lines are $768,000. Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rate per direct labor hour Compute the overhead cost assigned to the car whools and truckwhnni hamil Apr 25 at 11pm 2 months CALCULATOR - To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed th 00. g. 12.25.) heels, assuming that direct labor hours is used to allocate overhead costs. Available Feb 17 at 8am - Apr 25 at 11pm 2 months CALCULATOR PRINTER VERSION 4 BACK NEXTI head to assign to each product line, the controller, Robert Hermann, has developed the following information, hours is used to allocate overhead costs. Exercise 17-04 al-a2, b-c Altex Inc. manufactures two products: car wheels and truck wheels. To det Estimated wheels produced Direct labor hours per wheel Car 35,000 1 Truck 15,000 3 Total estimated overhead costs for the two product lines are $768,000. Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12. Overhead rate per direct labor hour Compute the overhead cost assigned to the car wheels and truck wheels, a Car wheels $ Truck wheels Hermann is not satisfied with the traditional method of allocating overhead following three activity cost pools and related cost drivers to better unders Activity Cost Pools Setting up machines Assembling Inspection Estimated Use of Cost Drivers 1,000 setups 80,000 labor hours 1,200 inspections Estimated Overhead Costs $240,000 240,000 288,000 Compute the activity-based overhead rates for these three cost pools. Overhead Rates assignments ) Chapter 17 HOMEWORK OMEWORK Points 9 Submitting an external tool Attempts 1 Allowed Attempts 1 Available Feb 17 at Bam Apr US Kimmel, Accounting, 7e Compute the overhead cost assigned to the car wheels and truck wheels, assuming that direct labor hours is used to cate overheat costs Car wheels $ Truck wheels 3 ly Hermann is not satisfied with the traditional method of locating overhead because he believes that most of the overhead costs relate to the te following three activity cost pools and related cost drivers to better understand the costs Estimated Use of Estimated Overhead Activity Cost Pools Cost Drivers Costs Setting up machines 1.000 setups $240,000 Assembling 90,000 tabor hours Inspection 1,200 inspections 285,000 Compute the activity based overhead rates for these three Lost poolt. Overhead Rates Setting up machines $ Assembling 5 Inspection Compute the cost that is assigned to the car wheels and truck wheels product lines using an activity based content theo Estimated tise of Cast Drivers per Product Car Truck Number of setups 300 100 Director hours 35.000 45.000 Number of inspections 1.100 o ey Study Compute the cost that is assigned to the car wheels and truck wheels product lines us Estimated Use of Cost Drivers per Product Car Truck Number of setups 200 800 Direct labor hours 35,000 45,000 Number of inspections 100 1,100 Car Wheels Truck Wheels Setting up machines $ $ Assembling $ $ Inspection $ $ Total cost assigned $ $ Click if you would like to Show Work for this question: Open Show Work O ir hp Shis 11 4 5 6
