{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T11:11:55-04:00", "answer_date": "2024-05-26 11:11:55", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1736949", "url": "\/study-help\/questions\/question-4-of-4-125-e-saddle-inc-has-two-1736949", "question_creation_date_js": "2024-05-26T11:11:55-04:00", "question_creation_date": "May 26, 2024 11:11 AM", "meta_title": "[Solved] Question 4 of 4 -\/12.5 E Saddle Inc. has | SolutionInn", "meta_description": "Answer of - Question 4 of 4 -\/12.5 E Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use | SolutionInn", "meta_keywords": "question,4,-\/12.5,saddle,inc,two,types,handbags,standard,custom,controller,decided", "question_title_h1": " Question 4 of 4 -\/12.5 E Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide", "question_title": " Question 4 of 4 -\/12.5 E Saddle Inc. has two types", "question_title_for_js_snippet": "Question 4 of 4 12 5 E Saddle Inc has two types of handbags standard and custom The controller has decided to use a plantwide overhead rate based on direct labor costs The president has heard of activity based costing and wants to see how the results would differ if this system were used Two activity cost pools were developed machining and machine setup Presented below is information related to the company's operations Standard Custom Direct labor costs $50,000 $100,000 Machine hours 1,200 1,200 Setup hours 120 390 Total estimated overhead costs are $299,100 Overhead cost allocated to the machining activity cost pool is $192,000, and $107,100 is allocated to the machine setup activity cost pool (a) Compute the overhead rate using the traditional (plantwide) approach (Round answer to 2 decimal places, eg 12 25) Predetermined overhead rate Save for Later of direct labor cost Attempts 0 of 1 used Submit Answer", "question_description": "\"image", "transcribed_text": "Question 4 of 4 -\/12.5 E Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor costs. The president has heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the company's operations. Standard Custom Direct labor costs $50,000 $100,000 Machine hours 1,200 1,200 Setup hours 120 390 Total estimated overhead costs are $299,100. Overhead cost allocated to the machining activity cost pool is $192,000, and $107,100 is allocated to the machine setup activity cost pool. (a) Compute the overhead rate using the traditional (plantwide) approach. (Round answer to 2 decimal places, eg. 12.25) Predetermined overhead rate Save for Later % of direct labor cost Attempts: 0 of 1 used Submit Answer", "related_book": { "title": "Intermediate Accounting", "isbn": "324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140", "edition": "16th Edition", "authors": "James D. Stice, Earl K. Stice, Fred Skousen", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/105.jpg", "uri": "\/textbooks\/intermediate-accounting-16th-edition-105", "see_more_uri": "" }, "free_related_book": { "isbn": "019871551X", "uri": "\/textbooks\/social-psychology-a-very-short-introduction-1st-edition-9780198715511-108969", "name": "Social Psychology A Very Short Introduction", "edition": "1st Edition" }, "question_posted": "2024-05-26 11:11:55", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/what-is-the-cofactor-of-an-entry-of-a-matrix", "description": "What is the cofactor of an entry of a matrix? How are cofactors used to find the determinant of the matrix?", "stars": 3 }, { "url": "\/what-is-check-kiting-how-might-auditors-detect-kiting", "description": "What is check kiting? 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