Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Power Company manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $ 6 6 0 ,

Power Company manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $660,000 payroll for 8,600 direct labor-hours. Listed below is cost driver information used in the product-costing system:Overhead Cost PoolMachine setupsMaterials handlingQuality controlOther overhead costTotal overheadBudgeted Overhead$ 1,708,850115,8001,290,0001,075,000$ 4,189,650Cost DriverNumber of setupsNumber of barrels- Number of inspectionsNumber of machine hoursEstimated Cost Driver Level310 setups9,650 barrels3,000 inspections21,500 machine hoursA current product order has the following requirements:Machine setupsMaterials handlingQuality inspectionsMachine hoursDirect labor hour28 setups720 barrels90 inspections1,700 machine hours564 hoursUsing activity-based costing, how much other overhead is assigned to the order?Multiple Choice$956.956.$85.000$10,308.$38.700.$45,133.

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

Ethics And Auditing

Authors: Tom Campbell, Keith Houghton

1st Edition

1920942254, 978-1920942250

More Books

Students also viewed these Accounting questions

Question

7. Identify six intercultural communication dialectics.

Answered: 1 week ago