Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

yedi ard tell dilocation bases are as (Click the icon for completed job data.) Read the requirements Fid Data Table X Total Budgeted Manufacturing Activity

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
yedi ard tell dilocation bases are as (Click the icon for completed job data.) Read the requirements Fid Data Table X Total Budgeted Manufacturing Activity Overhead Cost Allocation Base Materials handling .....$ 13,000 Number of parts Machine setup 5,700 Number of setups Insertion of parts .... 33,800 Number of parts 56,000 Finishing .. Finishing direct labor hours 108,500 Total..... . S Print Done Frances Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturing activities that incur manufacturing overhead costs: materials handling, machine setup. insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: E! (Click the icon to view the data.) i Requirements 1 1. Compute the cost allocation rate for each activity. 2. Compute the manufacturing overhead cost that should be assigned to Job 420. 3. Compute the manufacturing overhead cost that should be assigned to Job 510. Print Done Question Help Frances Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2,600 parts, require 15 setups, and consume 1.600 hours of finishing time. (Click the icon for completed job data.) Read the requirements. Requirement 1. Compute the cost allocation rate for each activity. First identify the formula then compute the rate for each activity Activity cost allocation rate Mat, handling Mach setup + + + per part 11 1 1 1 per setup Insertion per part Finishing per hour Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. MOH Cost Activity Materials handling Machine setup Insertion of parts Finishing Total Choose from any list or enter any number in the input fields and then continue to the next question Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510 Activity MOH Cost Materials handling Machine setup Insertion of parts Finishing Total Choose from any list or enter any number in the input fields and then continue to the next question Question Help Frances Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2. 2.600 parts, require 15 setups, and consume 1.600 hours of finishing time (Click the icon for completed Job data) 5 Read the requirements Frances Company uses ABC to account for its chrome wheel manufacturing process. Company managers ha identified four manufacturing activities that incur manufacturing overhead costs: materials handling machine insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases follows: (Click the icon to view the data.) Test. 12 of 23 (20 This Question: 41 pts Frances Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturing activities that incur manufacturing overhead costs: materials handling, machine setup2 insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: Click the icon to view the data) hpute the rate for Requir i Data Table Activity ce allocation Math per Mach per Inserti pel Total Budgeted Manufacturing Activity Overhead Cost Allocation Base Materials handling .....5 13,000 Number of parts Machine setup 5.700 Number of setups Insertion of parts 33,800 Number of parts 56.000 Finishing .... Finishing direct labor hours 10R 500 Finishi pe Requir Frances Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2,600 parts, require 15 setups, and consume 1,600 hours of finishing time Click the icon for completed job data.) Read More Info For each cost Job 420 used 300 parts, required 3 setups, and consumed 140 finishing hours, Job 510 used 425 parts, required 5 setups, and consumed 340 finishing hours en rate werpe i Requirements er se ser pd er hd 1. Compute the cost allocation rate for each activity 2. Compute the manufacturing overhead cost that should be assigned to Job 420 3. Compute the manufacturing overhead cost that should be assigned to Job 510

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

Principles Of Financial Auditing

Authors: Athmane Mokhbi

1st Edition

B09LGTJJFG, 979-8763532265

More Books

Students also viewed these Accounting questions

Question

b. Explain how you initially felt about the communication.

Answered: 1 week ago