Question

The company uses ABC and has determined the following activities, cost drivers and activity rates Activity...

The company uses ABC and has determined the following activities, cost drivers and activity rates

Activity Center

Activity Driver

Activity rate

Direct labor usage

Direct labor hours

$3 per DL hr

Machine usage

Machine hours

$8 per machine hr

Machine setups

Setups

$200 per set up

Design changes

Design changes

$400 per design change

You have completed Job 101. Determine the cost of Job 101, if the job required $1,000 in Direct Material, $3,000 in Direct Labor, 500 direct labor hours, 75 machine hours, 2 setups and 1 design change.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Kamili Company has the following three manufacturing overhead cost drivers.                               &nb
Kamili Company has the following three manufacturing overhead cost drivers.                                                                                                     Overhead    Cost Driver                 Level of Activity                                        Cost     Design changes        100 changes per year                        $ 5,000     Machine setups        2,000 setups per year                          18,000     Electricity usage       12,000 kilowatt-hours per year           36,000    Kamili Company started and completed work on 25 different jobs during the year. One of these jobs was Job #781. Job #781 required eight design changes, 20 machine setups, and 700 kilowatt-hours of electricity. How much manufacturing overhead...
THE FOLOWING INFORMATION IS USED FOR QUESTIONS 11 – 13. Test Company uses an activity-based cost...
THE FOLOWING INFORMATION IS USED FOR QUESTIONS 11 – 13. Test Company uses an activity-based cost system and has identified the following overhead activities, estimated costs, cost drivers, and estimated usage for the coming period. Activity Estimated Cost Cost Driver Estimated Usage Setting up $120,000 Number or setups 300 setups Ordering 90,000 Number of orders 9,000 orders Machining      210,000 Machine hours 20,000 machine hours $420,000 Test Company expects to use 10,500 direct labor hours for the period. The accounting...
A company has identified the following overhead costs and cost drivers for the coming year:     ...
A company has identified the following overhead costs and cost drivers for the coming year:               Budgeted   Overhead Item   Cost Driver Budgeted Cost    Activity Level   Machine setup   Number of setups $ 25,300           220           Inspection   Number of inspections 124,200         4,600           Material handling   Number of material moves 99,200         6,200           Engineering   Engineering hours 12,400         620                  Budgeted direct labor cost was $130,550 and budgeted direct material cost was $369,540. The following information was collected on...
Deoro Company has identified the following overhead activities, costs, and activity drivers for the coming year:...
Deoro Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $441,280 Number of setups 560 Ordering costs 318,600 Number of orders 17,700 Machine costs 890,400 Machine hours 42,400 Receiving 294,000 Receiving hours 8,400 Deoro produces two models of dishwashers with the following expected prime costs and activity demands: Model A Model B Direct materials $611,000 $832,000 Direct labor $481,000 $473,000 Units completed 15,400 8,300...
Westerner Manufacturing has established the following cost pools for this year: Cost Pool Costs Cost Drivers...
Westerner Manufacturing has established the following cost pools for this year: Cost Pool Costs Cost Drivers Maintenance $20,000 10,000 machine hours Material handling $25,000 250 moves Machine setup $30,000 1,000 hours Inspection $25,000 500 inspections Total $100,000 N/A The following information pertains to two representative jobs completed during January: Item Job 101 Job 102 Direct materials $10,000 $7,500 Direct labor $8,000 $5,000 Units produced 2,000 1,500 Direct labor hours 640 400 Machine hours 700 650 Number of material moves 40...
Plata Company has identified the following overhead activities, costs, and activity drivers for the coming year:...
Plata Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $120,000 Number of setups 300 Ordering costs 90,000 Number of orders 9,000 Machine costs 210,000 Machine hours 21,000 Plata produces two models of microwave ovens with the following activity demands: Model X Model Y Units completed 8,000 4,000 Number of setups 200 100 Number of orders 3,000 6,000 Machine hours 12,000 9,000 The company's...
Tiger Company has identified the following overhead costs and cost drivers for next year: Overhead Item...
Tiger Company has identified the following overhead costs and cost drivers for next year: Overhead Item Expected Costs Cost Driver Maximum Quantity Setup costs $583,200 Number of setups 2,400 Ordering costs 270,000 Number of orders 20,000 Maintenance 928,000 Machine-hours 32,000 Power 90,000 Kilowatt-hours 200,000 The following are two of the jobs completed during the year: Job 201 Job 202 Direct materials $9,000 $10,000 Direct labor $12,000 7,000 Units completed 750 600 Direct labor-hours 45 110 Number of setups 6 7...
Tiger Company has identified the following overhead costs and cost drivers for next year: Overhead Item...
Tiger Company has identified the following overhead costs and cost drivers for next year: Overhead Item Expected Costs Cost Driver Setup costs $583,200 Number of setups Ordering costs 270,000 Number of orders Maintenance 928,000 Machine-hours Power 90,000 Kilowatt-hours The following are two of the jobs completed during the year: Job 201 Job 202 Direct materials $9,000 $10,000 Direct labor $12,000 7,000 Units completed 750 600 Direct labor-hours 45 110 Number of setups 6 7 Number of orders 8 15 Machine-hours...
PLEASE ANSWER ALL QUESTIONS AND SHOW YOUR WORK! Job 101 has a direct materials cost of...
PLEASE ANSWER ALL QUESTIONS AND SHOW YOUR WORK! Job 101 has a direct materials cost of $800 and a total manufacturing cost of $3,000. Overhead is applied to jobs at a rate of 150 percent of direct labor cost. What is the prime cost? ------------------------- Walnut Systems produces two different products, Product A, which sells for $124 per unit, and Product B, which sells for $196 per unit, using three different activities: Design, which uses Engineering Hours as an activity...
Two-Stage ABC for Manufacturing Assume Sherwin-Williams Company, a large paint manufacturer, has determined the following activity...
Two-Stage ABC for Manufacturing Assume Sherwin-Williams Company, a large paint manufacturer, has determined the following activity cost pools and cost driver levels for the latest period: Activity cost pool Activity cost Activity cost driver Machine setup $950,000 2,500 setup hours Material handling 520,000 5,000 material moves Machine operation 200,000 20,000 machine hours The following data are for the production of single batches of two products, Mirlite and Subdue: Mirlite Subdue Gallons produced 30,000 20,000 Direct labor hours 500 250 Machine...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT