Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

YouTube M Gmail VitalSource Booksh. Tuesday (9-12): Eco.. MARK 2 Section A Savita Bhalla's Zoo Sylvan Company uses activity based costing to determine product costs

image text in transcribed
YouTube M Gmail VitalSource Booksh. Tuesday (9-12): Eco.. MARK 2 Section A Savita Bhalla's Zoo Sylvan Company uses activity based costing to determine product costs for external financial reports. Some of the entries have been completed to the manufacturing overhead account for the current year, as shown by entry (a) below Manufacturing Overhead (a) 2,316,000 At the beginning of the year, the company made the following estimates of cost and activity for its five activity cost pools Estimated Expected Activity Cost Pool Activity Measure Overhead Cost Activity Labour related Direct labour hours $734,400 43,200 DLHS Purchase orders Number of orders 42.240 1.920 orders Parts management Number of part types 493 490 610 part types Board otching Number of boards 455.760 2,160 boards General factory Machine-hours 735,150 84 500 MHS The activities during the year were distributed across the company's four products as follows: Activity Cost Pool Actual Activity Product Product B Product Product Labour related 45.200 DLHS 14,200 8.900 11,900 10.200 Purchase orders 1720 orders 160 490 380 Parts management 630 part types 140 150 145 195 Board etching 2.360 boards 1,070 535 270 General factory 85,500 MHS 24,700 21.400 20,700 18.700 690 485 Required: Compute the amount of overhead cost applied to each product during the year. (Do not found Intermediate calculations) Applied Overhead Product B Product C Product A Product D Activity Cost Pool Labour related Purchase orders Parts management Board stching G

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

The Birth Of American Accountancy

Authors: Peter L. McMickle, Paul H. Jensen

1st Edition

0367534681, 9780367534684

More Books

Students also viewed these Accounting questions