Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The exercise comes with a large excel I just want to know the formulas or the process to calculate the indirect labor of each category
The exercise comes with a large excel I just want to know the formulas or the process to calculate the indirect labor of each category based on the info given.
Handy Fabricators is exolorire adoption of an activity-based costing system. In a first step towards imolementation the company Identified four cost pools-fabricating finishing quality control, and patent development Employees classified as indirect labor were asked to estimate the percentage of their time spent on activities in each of these tour pools. If they spent time on activities outside of these pools, that time was identified as organization Sustaining and assigned to afith pool. You have been asked to calculate the total costs ir nach pool and to calculate an activity rate using the following activity cost drivers. Activity Cost Pool Fabricating Activity Driver Machine hours Direct labor tours Batches Number of patents Annual Activity Driver Volume SODODO machine hours 275.000 direct labos hours 48.000 batches 200 patents Quality Control Patent Development Click here to view the Excel data (a) Calculate the total indirect labor cost included in each of the five pools-fabricating finishing quality control,catent development, and organization sustaininu. Fabricating Finishing Quality control Palmuevelopment Organization sustaining Handy Fabricators is exolorire adoption of an activity-based costing system. In a first step towards imolementation the company Identified four cost pools-fabricating finishing quality control, and patent development Employees classified as indirect labor were asked to estimate the percentage of their time spent on activities in each of these tour pools. If they spent time on activities outside of these pools, that time was identified as organization Sustaining and assigned to afith pool. You have been asked to calculate the total costs ir nach pool and to calculate an activity rate using the following activity cost drivers. Activity Cost Pool Fabricating Activity Driver Machine hours Direct labor tours Batches Number of patents Annual Activity Driver Volume SODODO machine hours 275.000 direct labos hours 48.000 batches 200 patents Quality Control Patent Development Click here to view the Excel data (a) Calculate the total indirect labor cost included in each of the five pools-fabricating finishing quality control,catent development, and organization sustaininu. Fabricating Finishing Quality control Palmuevelopment Organization sustainingStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started