Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Wildhorse, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and 200 pressure gauges were produced, and overhead

image text in transcribed
image text in transcribed
Wildhorse, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and 200 pressure gauges were produced, and overhead costs of $88.215 were estimated. An analysis of estimated overhead costs reveals the following activities. Activities Cost Drivers Total Cost 1. $35.175 2. Materials handling Machine setups Quality inspections Number of requisitions Number of setups Number of inspections 29,120 3. 23.920 $88,215 The cost driver volume for each product was as follows. Instruments Gauges Total Cost Drivers Number of requisitions Number of setups 415 590 1,005 190 330 520 Number of inspections 255 265 520 Determine the overhead rate for each activity. Overhead Rate Materials handling 41 per requisition Machine setups 51 per setup Quality inspections $ 42 per inspection eTextbook and Media X Your answer is incorrect Assign the manufacturing overhead costs for April to the two products using activity-based costing. (Round per unit answers to 2 decimal places, eg. 12.25.) Instruments Gauges Total cost assigned 37260 $ 49910 Overhead cost per Unit S 14520 $ 249.55 Itaaliad Media E

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting

Authors: James A. Cashin, Ralph S. Polimeni, Sheila Handy

3rd Edition

0070110263, 9780070110267

More Books

Students also viewed these Accounting questions

Question

Where do you see the organization in 5/10 years?

Answered: 1 week ago

Question

Recognize the features of practical performance appraisal forms

Answered: 1 week ago