Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 16 (5 points) Woller Meat Packing produces frozen hamburgers and sausages. During 2020, the company incurred $590,000 of overhead. Overhead costs and their related

image text in transcribed
image text in transcribed
Question 16 (5 points) Woller Meat Packing produces frozen hamburgers and sausages. During 2020, the company incurred $590,000 of overhead. Overhead costs and their related cost drivers are shown in the tables below. If Woller uses activity-based costing, what are the overhead rates for each type of overhead cost (Utilities, Clean-up, Repairs & maintenance)? OH Pool Utilities Clean-up Repair & maintenance Total OH Cost Cost Driver Hamburgers Sausages $ 320,000 # of kWh used 4,000 2,000 $ 170,000 # of gal. of cleaner 7,000 3,000 $ 100,000 # of DLHS 8,000 11,000 $ 590,000 Hamburgers Sausages Selling price / unit $ 1.00 $ 1.20 Direct material cost / unit $ 0.30 $ 0.35 Direct labor cost / unit $ 0.25 $ 0.30 Number of units produced 2,000,000 1,600,000 on na AN $0.16 $0.09 $0.05 $50.00 $16.04 $4.72 $0.16 $0.09 $0.05 $64.00 $18.00 $5.00 8 $53.33 $17.00 $5.26

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

Auditing And Assurance Services

Authors: William Messier, Steven Glover, Douglas Prawitt

8th Edition

0078025435, 9780078025433

More Books

Students also viewed these Accounting questions

Question

Define promotion.

Answered: 1 week ago

Question

Write a note on transfer policy.

Answered: 1 week ago

Question

Discuss about training and development in India?

Answered: 1 week ago

Question

Explain the various techniques of training and development.

Answered: 1 week ago