Share P Coma File Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing DIS f A B D E F G 1 Activity Based Costing Name 2 3 FireOut, Inc, manufactures steel cylinders and nozzles for two models of fire extinguishers: 4 the Home Model and the Commercial Model. The following overhead cost information is 5 is available: 6 Budgeted Overhead: 7 Receiving $ 228.000 8 Forming 648,000 9 Assembling 559,000 10 Testing 123,000 11 Painting 180,000 12 Packing and Shipping 210,000 13 Total Budgeted Overhead Costs $ 1,948,000 14 15 Direct Labor Hours: 16 Home 15,000 17 Commercial 5,000 18 Total Direct Labor Hours 20,000 19 Cartons (the cost driver for Receiving) 20 Home 8,000 21 Commercial 4.000 22 Total Cartons 12,000 23 Machine Hours (the cost driver for Forming) 24 Home 42.000 25 Commercial 78,000 26 Total Machine Hours 120,000 27 Number of Parts (the cost driver for Assembling) 28 Home 4,000 29 Commercial 9,000 30 Total Number of Parts 13,000 31 Number of Tests (the cost driver for Testing) 32 Home 80 33 Commercial 220 34 Total Tests 300 35 Gallons of Paint (the cost driver for Painting) 36 Home 44,000 37 Commercial 36,000 38 Total Gallons 80,000 39 Pounds (the cost driver for Packing and Shipping) 40 Home 23,000 41 Commercial 117,000 42 Total Pounds 140,000 43 Expected production of the Home Model is 100,000 units and of the Commercial Model 44 50,000 units 45 REQUIRED: 46 A If FireOut uses a single plant wide overhead rate based on direct labor hours, compute 47 the following 1. The plant-wide overhead rate 49 2. The total overhead cost assigned to the Home Model Problem 48 Type here to search utoSave Of Activity Based C... Sheen Trisal ST a Share ile Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editin 115 fo F A C D E 39 Pounds (the cost driver for Packing and Shipping) 40 Home 23,000 41 Commercial 117,000 42 Total Pounds 140,000 43 Expected production of the Home Model is 100,000 units and of the Commercial Model 44 50.000 units. 45 REQUIRED: 46 A If FireOut uses a single plant wide overhead rate based on direct labor hours, compute 47 the following: 48 1. The plant-wide overhead rate 49 2. The total overhead cost assigned to the Home Model 50 3. The total overhead cost assigned to the Commercial Model 51 4. The per unit overhead cost of the Home Model 5. The per unit overhead cost of the Commercial Model If Fire Out uses activity based costing, compute the following: 1. The overhead rate for each individual cost pool based on the given cost drivers Receiving 56 Forming Assembling Testing Painting Packing and Shipping 2. The total overhead cost assigned to the Home Model 3. The total overhead cost assigned to the Commercial Model 4. The per unit overhead cost of the Home Model 5. The per unit overhead cost of the Commercial Model Did the use of a single plant wide overhead rate lead to cost distortion for either model? How did activity based costing eliminate any cost distortion? 52 53 B 54 55 57 58 59 60 61 62 63 64 65 C 66 67 68 69 70 71 72 D 73 74 75 76 77 78 79 80 81 82 83 B4 FireOut has decided to employ activity based management techniques. For each of the activities, indicate whether the activity would be value added or non-value added Receiving Forming Assembling Testing Painting Packing and Shipping 86 Prol