Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Required information 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
Required information 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 Production Activity Indirect Labor Indirect Materials Other Overhead Grinding Polishing Product modification Providing power System calibration $380,000 450,000 470,000 $145,000 $205,000 Additional information on the drivers for its production activities follows Grinding Polishing Product modification Providing power System calibration 19,000 machine hours 19,000 machine hours 1,600 engineering hours 20,000 direct labor hours 800 batches Job 3175 190 units 350 MH Job 4286 2,375 units 3, 500 MH Number of units Machine hours Engineering hours Batches Direct labor hours eng eng. 2 4 nourS nour3 5 batches 510 DLH 15 batches 4, 590 DLH Problem 17-3A Part 5 5. If the company uses 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.) 5. If the company uses 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.) Plantwide OH rate Units Produced OH Cost per unit Product Total Overhead Cost DL hours 0.00 S 0.00 S Job 3175 Job 4286
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started