Spring 2023 $59,000 Home Work in Process Inventory-Fil Announcements To record cost of Account Modules merchandise sold Textbook Dashboard Discussions Courses Grades Syllabus D Question 7 4 pts Calendar BC Peer Tutoring 46 NetTutor What is the primary benefit of activity-based costing? Inbox Renegade Hub for Canvas Help! O More cost pools History Writing Center O The cost of implementation Studio More accurate product costing ? One cost rate to tract all direct costs Help O Arbitrary allocations of overhead costs D Question 8 4 pts KSpring 2023 D Question 8 4 pts Home Announcements Bowser Company manufactures two products, Regular and Supreme. Account Bowser's overhead costs consist of machining (machine hours), Modules $2,600,000 and assembling (number of parts), $1,300,000. Information Textbook on the two products is: Dashboard Discussions Regular Supreme Courses Grades 7,500 Syllabus Direct Labor Hours 5,000 Calendar BC Peer Tutoring Machine Hours 3,000 10,000 46 NetTutor Number of Parts 45,000 80,000 Inbox Renegade Hub for Canvas Help! What is the overhead applied to Regular using traditional costing using History direct labor hours? Writing Center Studio O $2,340,000 ? $1,560,000 Help O $1,000,000 O $1,300,000 O $3,900,000 KHome Ar rour'cements Modules Textbook Discussions Grades Syllabus EC Peer Tutoring NetTutor Renegade Hub for Canvas Hel pl Writing Center Gomez's Fabrics has budgeted overhead costs of $1,000,000. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 100,000 for the current year. The company has decided to experiment with activity- based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting (cost driver is machine hours} and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $406000 and $594,000 is allocated to the design cost pool. Additional information related to these pools is as follows. Cost Pools Wool Cotton Total Machine Hours 58.000 58.000 110,000 N h f \"m em 2.500 1.500 4000 Setup What amount of overhead would be allocated to the wool and cotton product lines using the traditional approach, assuming 60.000 of the direct labor hours were incurred forthe wool and 40,000 of the direct labor hours were incurred for the cotton? - Round overhead rate to 2 decimal places, eg. 1225. - Then. round nal number {overhead costs) to the nearest dollar. if your calculation is $10.01, enter 10. - When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000. you should be typing 10.000 or 1000000 labor hours were Incurred for the cotton: - Round overhead rate to 2 decimal places. e.g. 12.25. Home - Then. round nal number {overhead costs) to the nearest dollar. If your calculation is $10.01, enter 10. - When typing your responses, do NOT include a dollar sign. For example, if Announcements M d | O U es your answer is $10,000, you should be typing 10,000 or 10,000.00 790'ka without any dollar sign. Discussions Responses - Traditional Costing Grades Wool Product Cotton Product Syllabus Overhead Allocated $ 500-00\" $ 400-00\" EC PeerTutorlng NetTutor What amount of overhead would be allocated to the wool and cotton Renegade HUb for product lines using the activity-based costing: Canvas Help! - Round overhead rate to 2 decimal places, eg. 1225. - Then, round nal number {overhead costs) to the nearest dollar. if your calculation is $10.01, enter 10. - When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. Writing Center Responses - ABC Wool Product Cotton Product Overhead Allocated $ 574,250 $ 425,750 without any dollar sign. Spring 2023 Responses - ABC Home Wool Product Cotton Product Announcements Overhead Allocated $ 574,250 $ 425,750 Account Modules Textbook Dashboard Discussions Grades D Question 11 4 pts Courses Syllabus Calendar BC Peer Tutoring Which one of the following is a primary benefit of budgeting? 46 NetTutor Inbox Renegade Hub for It provides definite objectives for evaluating performance. Canvas Help! O It removes the 'plan ahead' from lower-level managers so that they can focus on operations. History Writing Center It eliminates the need for coordination of activities throughout the company. Studio It eliminates potential problems so that managers do not need to be concerned that things may get out of hand. ? Help D Question 12 10 pts Foodie's Supply Company manufactures and sells a pesticide called K Snare. The following data are available for preparing budgets for Snare