Question

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 180 150
Kilowatt-hours 90 120
Determine the unit cost for each job using the four cost drivers. (Round to 2 decimal places.)

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
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...
Elevated Expectations Company projected the following overhead costs and cost drivers for past year (assume that...
Elevated Expectations Company projected the following overhead costs and cost drivers for past year (assume that actual overhead and budgeted overhead were the same): Overhead Item Expected Costs Cost Driver Expected Quantity Setup costs $12,150 Number of setups 50 Ordering costs 4,050 Number of orders 30 Maintenance 17,400 Machine-hours 600 Power 3,000 Kilowatt-hours 600 Direct Labor Hours 500 Elevated Expectations contracted for 2 jobs, both of which were completed during the year. Production managers reported the following data in relation...
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...
Determine the unit cost for each job using ABC. Round cost per unit answers to two...
Determine the unit cost for each job using ABC. Round cost per unit answers to two decimal places when applicable. Job 201 Job 202 Direct materials $Answer $Answer Direct labor Answer Answer Setup cost Answer Answer Ordering costs Answer Answer Maintenance costs Answer Answer Power Answer Answer Total job costs $Answer $Answer Units produced Answer Answer Cost per unit $Answer $Answer Tigertown makes backpacks for large sporting goods chains that are sold under the customers' store brand names. The Accounting...
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...
Multiple Versus Single Overhead Rates, Activity Drivers Deoro Company has identified the following overhead activities, costs,...
Multiple Versus Single Overhead Rates, Activity Drivers 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 $446,320 Number of setups 560 Ordering costs 378,400 Number of orders 17,200 Machine costs 844,000 Machine hours 42,200 Receiving 373,700 Receiving hours 10,100 Deoro produces two models of dishwashers with the following expected prime costs and activity demands: Model A Model B Direct materials $612,000 $812,000 Direct...
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...
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at...
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $   140000 500 orders Machine Setup Setups 315000 450 setups Machining Machine hours 1562500 125000 MH Assembly Parts 1240000 1000000 parts Inspection Inspections 320000 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is $0.14 per part. $280...
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...
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...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT