Answered step by step
Verified Expert Solution
Link Copied!

Question

00
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
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 $380,000 Indirect Materials Other Overhead $285,000 Production Activity Grinding Polishing Product modification Providing power System calibration 500,000 $210,000 480,000 Additional information on the drivers for its production activities follows. Grinding and Polishing Product modification Providing power System calibration 16,000 machine hours 2,000 engineering hours 20,000 direct labor hours 350 batches Number of units Machine hours Engineering hours Batches Direct labor hours Job 3175 150 units 400 MH 29 eng. hours 5 batches 500 DLH Job 4286 1,875 units 4,000 MH 24 eng. hours 15 batches 4,500 DLH Required: 2,3& 4. Compute the activity overhead rates using ABC Combine the grinding and polishing costs into a single cost pool Determine overhead costs to assign to the above jobs using ABC. What is the overhead cost per unit for Job 31757 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) Job 4200 Acer Owad wied Activity Overhead Cost Ativity Rate De assigned Actity dnes neue Grinding & Polishing Activity Drivers Machine her Engineering Product modification Direct labore Providing power System calibration

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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