Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Questions 7. 9 (of 9) > Save & Exit Problem 17-3A Applying activity-based costing LO P1, P3, A1, A2, C3 [The following information applies to

image text in transcribed
image text in transcribed
Questions 7. 9 (of 9) > Save & Exit Problem 17-3A Applying activity-based costing LO P1, P3, A1, A2, C3 [The following information applies to the questions displayed below.] Craft Pro Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records. Indirect Labor $320,000 Indirect Materials Other Overhead Production Activity Grinding Polishing Product modification Providing power System calibration $ 135,000 600,000 $255,000 500,000 Additional information on the drivers for its production activities follows. Grinding Polishing Product modification Providing power 13.000 machine hours 13,000 machine hours 1500 engineering hours 17,000 direct labor hours 400 batches System calibration Number of units Machine hours Engineering hours Batches Direct labor hours Job 3175 200 units 550 MH 26 eng hours 30 batches 500 DLH Job 4286 2.500 units 5.500 MH 32 eng hours 90 batches 4.375 DLH References Section Break Problem 17-3A Applying activity-based costing LO P1, P3, A1, A2, C3 Required infor 2.77 points You received credit for this question in a previous attempt Problem 17-3A Part 5 Required: 5. If the company used a plantwide overhead rate based on direct labor hours, what is the overhead cost for each unit of Job 3175? Of Job 4286? (Do not round intermediate calculations Round "OH Cost per unit" answers to 2 decimal places.) 255,000 $ 52.31 per direct labor dollar Overhead costs Direct labor hours $ 4.875 Product unit Job 3175 DL hours 500 4,375 Plantwide OH Total Overhead Cost rate $ 52.31 $ 26,155 $ 52.31 $ 228,856 Units OH Cost per Produced 2007 $ 266.18 2,500 $ 186.32 Job 4286

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

Introductory Accounting Finance And Auditing For Lawyers

Authors: Lawrence Cunningham

6th Edition

0314280456, 978-0314280459

More Books

Students also viewed these Accounting questions