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 Indirect Materials Other Overhead Production Activity Grinding Polishing Product modification Providing power Systen calibration $110,000 See, 800 540,000 $215,000 Additional information on the drivers for its production activities follows. Grinding Polishing Product modification Providing power System calibration 13,000 sachine hours 13,000 machine hours 1,600 engineering hours 20,000 direct labor hours 750 batches Job 3175 130 units 350 H Job 4286 1,625 units 3,500 Number of units Machine hours Engineering hours Batches Direct labor hours 28 eng. 30 s. hours 30 batches 490 DLH hours 90 batches 4,410 DLH Required: 2, 3 & 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 above jobs ysing ABC. What is the overhead cost per unit for Job 3175? What is the overhead cost per unit for Job 4286? (Round your activity rate and average overhead cost per unit to 2 decimal places. Round "overhead assigned to the nearest whole dollar) wa MUI. wwwy w ure Guve jobs using ABC. What is the overhead cost per unit for Job 3175? What is the overhead cost per unit for Job 4286? (Round your activity rate and average overhead cost per unit to 2 decimal places. Round "overhead assigned to the nearest whole dollar.) Overhead Cost Activity Rate Activity Grinding & Polishing Product modification Activity driver Activity Drivers Machine hours Engineering hrs. Direct labor hrs. Providing power System calibration batches EMVU for Job 3175? What is the mo 2 decimal places. Round Job 3175 Job 4286 Activity driver Overhead incurred assigned Activity driver incurred Overhead assigned

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

Advances In Accounting Volume 23

Authors: Philip M J Reckers

1st Edition

0762314257, 9780762314256

More Books

Students also viewed these Accounting questions

Question

=+c) How many baseballs produced were out of spec?

Answered: 1 week ago