Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information [The following information applies to the questions displayed below) Craft Pro Machining produces machine tools for the construction industry. The following details about

image text in transcribed
image text in transcribed
image text in transcribed
Required information [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 Other Overhead Production Activity Grinding Polishing Product modification Providing power Systee calibration Indirect Materials $135,000 600,000 500.000 Additional information on the drivers for its production activities follows. Grinding Polishing Product modification Providing power Systes calibration 13,000 sachine hours 13,000 machine hours 1.500 engineering hours 17.000 direct labor hours 400 batches Job 4286 2,500 units Number of units Machine hours Engineering hours Batches Direct Labor hours Job 3175 200 units 5S 26 eng.hours se batches SOD DUH 32 eng hours 90 batches 4,375 DUH 2.36 4. Compute the activity overhead rates using ABC. Combine the grinding and polishing activities into a single cost pool Determine overhead costs to assign to the following jobs using ABC. What is the overhead cost per unit for Job 3175? What is the overhead cost per unit for Job 4286? (Round average overhead cost per unit to 2 decimal places.) 2.36 4. Compute the activity overhead rates using ABC Combine the grinding and posing acts to a ge cost pool Determine overhead costs to assign to the following jobs using ABC What is the overhead cost per un foro What is the overhead cost per unit for Job 4286 Round average overhead cost per unit 2 decimal places) Required: 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.) erences per direct labor hour Planta de OH Product Overhead Cost Units Produced OH Cost per rate Job 3175 Job 4286 DL hours 500 4375 5 $ 0.00 0.00

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

Accounts And Audit Of Limited Liability Partnerships

Authors: Steve Collings

4th Edition

1847669913, 978-1847669919

More Books

Students also viewed these Accounting questions

Question

5. Identify the logical fallacies, deceptive forms of reasoning

Answered: 1 week ago

Question

6. Choose an appropriate organizational strategy for your speech

Answered: 1 week ago