Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the...
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Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Suppose that Schell has conducted further research into its overhead and potential cost drivers. As a result, the company has compiled the follow detailed information, breaking total overhead into three activity pools: Activity Pools Material handling Quality control Machine maintenance Required: Cost Driver Number of moves Number of inspections Number of machine hours Cost Assigned to Pool $ 3,360.00 $ 8,184.00 $ 14,440.00 Quantity or Amount Consumed by Standard Floor Mat Line 45 moves 600 inspections 2,920 machine hours. 1. Calculate the activity rates for each activity pool assuming Schell uses an ABC system. 2. Calculate the amount of overhead that Schell will assign to the Standard floor mat line. 3. Determine the amount of overhead Schell will assign to the Deluxe product line. Quantity or Amount Co by Deluxe Floor Mat 51 moves 720 inspection: 4,300 machine ho Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Suppose that Schell has conducted further research into its overhead and potential cost drivers. As a result, the company has compiled the follow detailed information, breaking total overhead into three activity pools: Activity Pools Material handling Quality control Machine maintenance Required: Cost Driver Number of moves Number of inspections Number of machine hours Cost Assigned to Pool $ 3,360.00 $ 8,184.00 $ 14,440.00 Quantity or Amount Consumed by Standard Floor Mat Line 45 moves 600 inspections 2,920 machine hours. 1. Calculate the activity rates for each activity pool assuming Schell uses an ABC system. 2. Calculate the amount of overhead that Schell will assign to the Standard floor mat line. 3. Determine the amount of overhead Schell will assign to the Deluxe product line. Quantity or Amount Co by Deluxe Floor Mat 51 moves 720 inspection: 4,300 machine ho
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Answer rating: 100% (QA)
1 Calculation of Activity Rates a Material Handling Activity Rate Cost Assigned to Pool Number of Moves Activity Rate 336000 45 moves Activity Rate 74... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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