Question
What is the total amount of machine hours that the entity is estimating for this accounting period? What is the total amount of setups that
What is the total amount of machine hours that the entity is estimating for this accounting period?
What is the total amount of setups that the entity is estimating for this accounting period?
What is the total amount of direct labor hours that the entity is estimating for this accounting period?
What is the activity rate for machine related costs?
What is the activity rate for batch set up costs?
What is the activity rate for general factory costs?
Using Activity Based Costing (ABC), what is the total amount of overhead applied to Product X?
Using ABC, what is the total amount of overhead applied to the Product Y?
If the entity had used the plant-wide predetermined overhead rate in which to apply overhead to each product, what is the estimated total of all manufacturing overhead of this entity that would have been used in the numerator?
Which cost allocation system generally uses the most amount of rates in which to apply overhead?
The data used to develop activity rates were: Activity Cost Pools Machine related (machine-hours) Batch setup (setups). General factory (direct labor-hours). Estimated Overhead Cost $373,100 $743,400 $676,000 Expected Activity 13,000 MHs 14,000 setups 26,000 DLHS The actual activity for the year was: Activity Cost Pools Machine related (machine-hours). Batch setup (setups). General factory (direct labor-hours) ... Actual Activity for the Year Total Product X Product Y 13,000 2,000 11,000 13,000 9,000 4,000 24,000 8,000 16,000 The actual total manufacturing overhead cost incurred for the year was $1,797,500
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