Tristar Manufacturing produces two types of battery operated toy soldiers infantry and special forces The soldiers are produced by using one continuous process Four activities have been identified machining, setups, receiving, and packing Resource drivers have been used to assign costs to each activity The overhead activities, their costs, and the other related data are as follows Product Machine Hours Setups Receiving Orders Packing Orders Infantry 20,100 360 720 1,500 Special Forces 20,100 120 80 750 Costs $76,380 $28,848 $14,560 $27,675 Required 1 Calculate the total overhead assigned to each product by using only machine hours to calculate a plantwide rate (Round overhead rate answer to two decimal places and other answers to the nearest dollar ) 2 Calculate consumption ratios for each activity (Round to two decimal places ) 3 Calculate a rate for each activity by using the associated driver (Round to two decimal places ) 4 Assign the overhead costs to each product by using the activity rates computed in Requirement 3 5 CONCEPTUAL CONNECTION Comment on the difference between the assignment in Requirement 1 and the activity based assignment Total Overhead Consumption Ratios 1 Calculate the total overhead assigned to each product by using only machine hours to calculate a plantwide rate (Round overhead rate answer to two decimal places and other answers to the nearest dollar ) The overhead rate is per machine hour The total overhead assigned to the infantry product is The total overhead assigned to the Special Forces product is 2 Calculate consumption ratios for each activity (Round your answers to two decimal places ) Consumption Ratios Overhead Activity Infantry Special Forces Machining Setups Receiving Packing Activity Rate Overhead Costs 3 Calculate a rate for each activity by using the associated driver Machining per machine hour Setups per setup Receiving per receiving order Packing per packing order 4 Assign the overhead costs to each product by using the activity rates computed in Requirement 3 Tristar Manufacturing Overhead Assignment 1 Infantry Special Forces 2 Machining 3 Setups 4 Receiving 5 Packing 6 Total

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 01, 2024

Tristar Manufacturing produces two types of battery-operated toy soldiers: infantry and special forces. The soldiers are produced by using one continuous process. Four activities have

Tristar Manufacturing produces two types of battery-operated toy soldiers: infantry and special forces. The soldiers are produced by using one continuous process. Four activities have been identified: machining, setups, receiving, and packing. Resource drivers have been used to assign costs to each activity. The overhead activities, their costs, and the other related data are as follows:

Product	Machine Hours	Setups	Receiving Orders	Packing Orders
Infantry	20,100	360	720	1,500
Special Forces	20,100	120	80	750
Costs	$76,380	$28,848	$14,560	$27,675

	Required:
1.	Calculate the total overhead assigned to each product by using only machine hours to calculate a plantwide rate. (Round overhead rate answer to two decimal places and other answers to the nearest dollar.)
2.	Calculate consumption ratios for each activity. (Round to two decimal places.)
3.	Calculate a rate for each activity by using the associated driver. (Round to two decimal places.)
4.	Assign the overhead costs to each product by using the activity rates computed in Requirement 3.
5.	CONCEPTUAL CONNECTION: Comment on the difference between the assignment in Requirement 1 and the activity-based assignment.

Total Overhead & Consumption Ratios

1. Calculate the total overhead assigned to each product by using only machine hours to calculate a plantwide rate. (Round overhead rate answer to two decimal places and other answers to the nearest dollar.)

The overhead rate is per machine hour.

The total overhead assigned to the infantry product is .

The total overhead assigned to the Special Forces product is .

2. Calculate consumption ratios for each activity. (Round your answers to two decimal places.)