Question

x company uses an activity based costing allocation system. January 1, 2020 its accountant budgeted the...

x company uses an activity based costing allocation system. January 1, 2020 its accountant budgeted the following costs and cost drivers for there of the activities that are used in the ABC System:

Activity Budgeted Cost Cost Driver
Packaging 50400 10000 finished units
Assembly 84000 99400 Parts
Purchasing 33600 4900 Purchase Orders

In May of 2020, 690 units of Product C were finished, requiring $18,300 of direct materials, 5,000 direct labor hours, 1,220 parts, and 34 purchase orders.

How much of the three activity costs was allocated to Product C [round overhead rate(s) to two decimal places]?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
Final Answer: $4,748
Note 1: Overhead allocation sheet
Product C
Activity Total OH Cost Total Cost Driver OH Rate Driver Incurred OH Cost assigned
Purchasing     50,400    10,000 5.04            690         3,478
packaging     84,000    99,400 0.85        1,220         1,037
Assembly     33,600      4,900 6.86              34            233
Total 168,000         4,748
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
4.) X Company uses an activity-based costing allocation system. On January 1, 2020, its accountant budgeted...
4.) X Company uses an activity-based costing allocation system. On January 1, 2020, its accountant budgeted the following costs and cost drivers for three of the activities that are used in the ABC system: Activity   Budgeted cost   Cost driver Assembly   $134,000   92,700 parts Packaging   $80,400   13,000 finished units Purchasing   $53,600   4,700 purchase orders In May of 2020, 563 units of Product C were finished, requiring $10,100 of direct materials, 5,000 direct labor hours, 1,410 parts, and 34 purchase orders. How...
X Company uses an activity-based costing overhead allocation system. It has identified three activities - Setup,...
X Company uses an activity-based costing overhead allocation system. It has identified three activities - Setup, Product testing, Packaging - and their respective cost drivers - setup hours, tests, packages. Budgeted activity costs in 2018 were as follows: Activity Budgeted Cost Setup $108,000 Product testing 58,600 Packaging 58,700 The following 2018 cost driver information is available for one of its products, Product X, and for all of its products (including Product X): Product X All Products setup hours 29,700 771,429...
Kozlov Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total...
Kozlov Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Assembly $ 942,480 66,000 machine hours Processing orders $ 85,050 1,800 orders Inspection $ 126,854 1,820 inspection hours The company makes 430 units of product A21W a year, requiring a total of 690 machine-hours, 40 orders, and 10 inspection-hours per year. The product’s direct materials cost is $35.72 per unit and its direct labor cost is $29.46 per unit. According to...
Sultan Company uses an activity-based costing system. At the beginning of the year, the company made...
Sultan Company uses an activity-based costing system. At the beginning of the year, the company made the following estimates of cost and activity for its five activity cost pools: Activity Cost Pool Activity Measure Expected Overhead Cost Expected Activity Labor-related Direct labor-hours $ 156,000 26,000 DLHs Purchase orders Number of orders $ 11,000 220 orders Parts management Number of part types $ 80,000 100 part types Board etching Number of boards $ 90,000 2,000 boards General factory Machine-hours $ 180,000...
Sultan Company uses an activity-based costing system. At the beginning of the year, the company made...
Sultan Company uses an activity-based costing system. At the beginning of the year, the company made the following estimates of cost and activity for its five activity cost pools: Activity Cost Pool Activity Measure Expected Overhead Cost Expected Activity Labor-related Direct labor-hours $ 156,000 26,000 DLHs Purchase orders Number of orders $ 11,000 220 orders Parts management Number of part types $ 80,000 100 part types Board etching Number of boards $ 90,000 2,000 boards General factory Machine-hours $ 180,000...
Sultan Company uses an activity-based costing system. At the beginning of the year, the company made...
Sultan Company uses an activity-based costing system. At the beginning of the year, the company made the following estimates of cost and activity for its five activity cost pools: Activity Cost Pool Activity Measure Expected Overhead Cost Expected Activity Labor-related Direct labor-hours $ 158,800 39,700 DLHs Purchase orders Number of orders $ 11,605 211 orders Parts management Number of part types $ 90,470 109 part types Board etching Number of boards $ 99,000 1,980 boards General factory Machine-hours $ 139,300...
Beaver Company manufactures coffee tables and uses an activity−based costing system to allocate all manufacturing conversion...
Beaver Company manufactures coffee tables and uses an activity−based costing system to allocate all manufacturing conversion costs. Each coffee table consists of 20 separate parts totaling $220 in direct​ materials, and requires 5 hours of machine time to produce. The company incurs no direct labor costs. Additional information​ follows: Activity Allocation Base Cost Allocation Rate Materials handling Number of parts $3.00 per part Machining Machine hours $4.10 per machine hour Assembling Number of parts $1.00 per part Packaging Number of...
Q3.ABC corporation applying normal costing system has provided the following data from its activity-based costing system...
Q3.ABC corporation applying normal costing system has provided the following data from its activity-based costing system as follows: (Amounts in SAR)                                           [3 Marks] Activities Estimated Overhead Costs Expected Cost Drivers Quantities Cost Drivers Assembly 120,500 10,000 Number of Machine Hours Processing Orders 80,500 7,000 Number of Orders Inspection 75,500 5,000 Number of Inspection Hours Total 276,000 22,000 Actual Data concerning the company's product X appears below: Annual unit production and sales 500 units Annual machine hours 5,000 Annual number of...
OP Technologies Manufacturing manufactures small parts and uses an activity-based costing system. Activity ​ Est. Indirect...
OP Technologies Manufacturing manufactures small parts and uses an activity-based costing system. Activity ​ Est. Indirect Activity Costs Allocation base ​ Cost allocation rate ​ Materials $78,000 Material moves $4.00/move Assembling $259,000 Direct labor hours $11.00/dir. labor hour Packaging $100,000 # of finished units $3.00/finished unit The following parts were produced in October with the following information: Part # Produced Materials Costs # Moves Dir. Labor Hrs. A 2450 $3400 1000 150 B 2000 $8500 1700 225 C 4750 $10,000...
Doede Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing...
Doede Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts--equipment depreciation and supervisory expense--to three activity cost pools--Machining, Order Filling, and Other--based on resource consumption. Data to perform these allocations appear below: Overhead costs: Equipment depreciation $ 70,000 Supervisory expense $ 10,700 Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost Pools Machining Order Filling Other Equipment depreciation 0.50 0.20 0.30 Supervisory expense 0.50 0.10 0.40 In the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT