Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PT101 res two products-14.000 units of Product Y and 6.000 units of Product Z. The company uses a plantwide overhead rate based on direct labour

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
PT101 res two products-14.000 units of Product Y and 6.000 units of Product Z. The company uses a plantwide overhead rate based on direct labour hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z Machining sachine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct Labour hours Estimated Overhead Cost $ 200,000 $ 100,000 5 34,000 5 300,000 Expected Activity 10,000 MM 200 setups 2 products 12,000 DLHS Product 7,000 Activity Measure sachine-hours Number of setups Number of products Direct labour hours Product 3,000 150 1 4,000 5,000 Required: What is the company's plantwide overhead rate? Predetermined overhead rate par DLH Hickory Company manufactures two products-14,000 units of Product Y and 6,000 units of Product Z. The company uses a plantwide overhead rate based on direct labour-hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Oirect labour-hours Estimated Overhead Cost $ 200,000 100,000 $ 84.000 300,000 Expected Activity 10,000 H 200 setups products 12,000 OU Activity Measure Machine-hours Number of setups Number of products Direct labour-hours Product 7,000 Se 1 8,000 Product 3,000 150 1 4,000 Required: Using the plantwide overhead rate how much manufactunng overhead cost is allocated to product and Product z Product Y Product Z Manufacturing overhead allocated [The following information applies to the questions displayed below] Hickory Company manufactures two products-14,000 units of Product Y and 6,000 units of Product Z. The company a plantwide overhead rate based on direct labour-hours. It is considering implementing an activity-based costing (AB system that allocates all of its manufacturing overhead to four cost pools. The following additional information is avail for the company as a whole and for Products Y and Z: Estimated Overhead Activity Measure Cost Expected Activity Machining Machine-hours 200,000 10,000 MH Machine setups Number of setups 100,000 200 setups Production design Number of products 2 products General factory Direct labour-hours 300,000 $ $ $ 84,000 12,000 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labour-hours Product y 7,000 50 1 8,000 Product 2 3,000 150 1 4.600 Required: What is the activity rate for the Machining activity cost pool? Activity rate per MH Next Hickory Company manufactures two products14,000 units of Product Y and 6,000 units of Product Z The company uses a plantwide overhead rate based on direct labour-hours. It is considering implementing an activity based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z Estimated Overhead Activity Measure Cost Expected Activity Machining Machine hours $ 200,000 10,000 Hachine setups number of setups 100,000 200 setups Production design Number of products 84,000 2products General factory Direct Labour-hours $ 300.ee 12,000 DLS $ $ Product 2 3.00 Activity Measure Machine-hours Number of setups Tamber of products Direct labour hours Product 7.000 so 1 3.000 150 1 4,000 Required: What is the activity rate for the Machine Setups activity cost pool? Activity rate persatu

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

Step: 3

blur-text-image

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

Global Financial Accounting And Reporting Principles And Analysis

Authors: Peter Walton, Walter Aerts

2nd Edition

1408017725, 978-1408017722

More Books

Students also viewed these Accounting questions

Question

How to find if any no. is divisble by 4 or not ?

Answered: 1 week ago

Question

Explain the Pascals Law ?

Answered: 1 week ago

Question

What are the objectives of performance appraisal ?

Answered: 1 week ago