Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

X inc. a manufacturer of various motorcycles estimated its total overhead cost to be $500,000. The three cost pools identified are machine-related (machine-hours). Production orders

image text in transcribed
X inc. a manufacturer of various motorcycles estimated its total overhead cost to be $500,000. The three cost pools identified are machine-related (machine-hours). Production orders (number of orders), and product testing (number of tests). The estimated overhead has been assigned to pools as follows: $125,000 to machine-related, $250,000 to Production orders, and $125,000 to test the product. The following information has been extracted from cost accounting records: What is the amount of overhead assigned to MT-15 using Activity Based Costing: (Round your allocation base to two decimal places and final answers to zero decimals) Choose an answer Overhead assigned to MT-15 is $283,400 Overhead assigned to MT-15 is $275,015 Overhead assigned to MT-15 is 5158,415 Overhead assigned to MT-15 is $358,415

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

Students also viewed these Accounting questions

Question

Explain Financial Modelling?

Answered: 1 week ago