Question

Activity-Based Budget Highlands Industries has the following budget information available for February: Units manufactured 25,000 Factory...

Activity-Based Budget
Highlands Industries has the following budget information available for February:

Units manufactured 25,000
Factory administration $145,000
Assembly 0.25 hour per unit X $20
Direct materials 3 pounds per unit X $6
Inspection $40 per batch of 1,000 units
Manufacturing overhead $8 per unit
Product development $50,000
Setup cost $100 per batch of 1,000 units


Use activity-based costing to prepare a manufacturing cost budget for February. Clearly distinguish between unit, batch, and facility-level costs.

HighlandsIndustries
Activity-Based Manufacturing Cost Budget
For the Month of February
Unit-level costs:
Direct materials Answer
Assembly Answer
AnswerFactory administrationInspectionManufacturing overheadProduct development Answer Answer
Batch-level costs:
Setup Answer
AnswerFactory administrationInspectionManufacturing overheadProduct development Answer Answer
Product-level costs:
AnswerFactory administrationInspectionManufacturing overheadProduct development Answer
Facility-level costs:
AnswerFactory administrationInspectionManufacturing overheadProduct development Answer
Budgeted manufacturing costs Answer

Please answer all parts of the question.

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
Activity-Based Budget Macon Industries has the following budget information available for February: Units manufactured 30,000 Factory...
Activity-Based Budget Macon Industries has the following budget information available for February: Units manufactured 30,000 Factory administration $60,000 Assembly 0.5 hour per unit X $12 Direct materials 2 pounds per unit X $7 Inspection $600 per batch of 1,000 units Manufacturing overhead $7 per unit Product development $20,000 Setup cost $14 per batch of 1,000 units Use activity based costing to prepare a manufacturing cost budget for February. Clearly distinguish between unit, batch, and facility-level costs. Macon Industries Activity-Based Manufacturing...
Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for...
Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at $1,344,900, divided into four activities: fabrication, $672,000; assembly, $234,000; setup, $239,400; and inspection, $199,500. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: FabricationAssemblySetupInspection Speedboat10,500dlh29,250dlh76setups131inspections Bass boat31,500 9,750 554 919 42,000dlh39,000dlh630setups1,050inspections Each product is budgeted for 4,000 units of production for the year. a.   Determine the...
Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for...
Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at $925,250, divided into four activity pools: fabrication,, $459,000; assembly, $203,000; setup, $141,750; and inspection, $121,500. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speedboat 6,750 dlh 21,750 dlh 49 setups 84 inspections Bass boat 20,250 7,250 356 591 27,000 dlh 29,000...
Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for...
Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at $1,243,200, divided into four activities: fabrication, $608,000; assembly, $248,000; setup, $211,200; and inspection, $176,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speedboat 8,000 dlh 23,250 dlh 58 setups 100 inspections Bass boat 24,000 7,750 422 700 32,000 dlh 31,000 dlh...
Two-Stage ABC for Manufacturing with Variances Montreat Manufacturing has developed the following activity cost pool information...
Two-Stage ABC for Manufacturing with Variances Montreat Manufacturing has developed the following activity cost pool information for its 2016 manufacturing activities: Budgeted Activity Cost Activity Cost Driver at Practical Capacity Purchasing and materials handling $675,000 900,000 kilograms Setup 700,000 1,120 setups Machine operations 954,000 12,000 hours First unit inspection 50,000 1,000 batches Packaging 250,000 312,500 units Actual 2016 production information is as follows: Standard Product A Standard Product B Specialty Products Units 150,000 100,000 50,000 Batches 100 80 600 Setups*...
Zeus Industries manufactures two types of electrical power units, custom and standard, which involve four factory...
Zeus Industries manufactures two types of electrical power units, custom and standard, which involve four factory overhead activities—production setup, procurement, quality control, and materials management. An activity analysis of the overhead revealed the following estimated activity costs and activity bases for these activities: Activity Activity Cost Activity Base Production setup $ 81,000 Number of setups Procurement 145,000 Number of purchase orders (PO) Quality control 188,500 Number of inspections Materials management 80,000 Number of components Total $494,500 The activity-base usage quantities...
Vanguard Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total...
Vanguard Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Assembly $ 1,127,280 77,000 machine-hours Processing orders $ 91,065 1,950 orders Inspection $ 141,570 1,980 inspection-hours The company makes 430 units of product O37W a year, requiring a total of 660 machine-hours, 50 orders, and 10 inspection-hours per year. The product's direct materials cost is $37.16 per unit and its direct labor cost is $30.18 per unit. According to the activity-based...
Drilling Company uses activity-based costing and provides this information: Manufacturing Activity Cost Driver Driver Rate Materials...
Drilling Company uses activity-based costing and provides this information: Manufacturing Activity Cost Driver Driver Rate Materials handling Number of parts $ 0.3 Machinery Number of machine hours 56 Assembly Number of parts 3.10 Inspection Number of finished units 35 Drilling has just completed 85 units of a component for a customer. Each unit required 105 parts and 3.25 machine hours. The prime cost is $1,350 per finished unit. All other manufacturing costs are classified as manufacturing overhead. Required: 1. Compute...
Drilling Company uses activity-based costing and provides this information: Manufacturing Activity Cost Driver Driver Rate Materials...
Drilling Company uses activity-based costing and provides this information: Manufacturing Activity Cost Driver Driver Rate Materials handling Number of parts $ 0.60 Machinery Number of machine hours 51.00 Assembly Number of parts 2.85 Inspection Number of finished units 30.00 Drilling has just completed 80 units of a component for a customer. Each unit required 100 parts and 3 machine hours. The prime cost is $1,300 per finished unit. All other manufacturing costs are classified as manufacturing overhead. Required: 1. Compute...
Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for...
Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at $1,296,900, divided into four activities: fabrication, $680,000; assembly, $248,000; setup, $198,900; and inspection, $170,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speedboat 8,500 dlh 23,250 dlh 61 setups 106 inspections Bass boat 25,500 7,750 449 744 34,000 dlh 31,000 dlh...