Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

! Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost

image text in transcribedimage text in transcribed

! Required information M4-10 to M4-12 Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Cost Pools Machining Setup Quality control Estimated Total Cost $620,000 99, 470 154,160 Estimated Cost Driver 20,000 machine hours 490 batches 940 inspections M4-11 (Algo) Assigning Costs Using Activity Rates (LO 4-4] Suppose the Speedy boat requires 2,780 machine hours, 100 batches, and 300 inspections. Using the activity rates, determine the amount of overhead assigned to the Speedy product line. (Round your intermediate calculations to 2 decimal places and your final answers to the nearest dollar amount.) Cost Pool Allocated Overhead Machining Setup Costs Quality Control Total Overhead $ 0 9 ! Required information M4-8 and M4-9 2 points Acoma Co. has identified one of its cost pools to be quality control and has assigned $125,000 to that pool. Number of inspections has been chosen as the cost driver for this pool; Acoma performs 25,000 inspections annually. Suppose Acoma manufactures two products that consume 10,000 (Product 1) and 15,000 (Product 2) inspections each. eBook M4-8 (Static) Assigning Costs Using Activity Rates (LO 4-4] Print Using activity rates, determine the amount of quality control cost to be assigned to each of Acoma's product lines. References Quality Control Costs Product 1 Product 2

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

Peace Love Auditing Journal

Authors: Epic Love Books

1st Edition

1697161693, 978-1697161694

More Books

Students also viewed these Accounting questions

Question

What is the orientation toward time?

Answered: 1 week ago

Question

4. How is culture a contested site?

Answered: 1 week ago