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

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

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.

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 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...
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...
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...
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...
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...
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...
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...
Texas Co. established the following overhead cost pools and cost drivers: Budgeted Estimated Overhead Cost Pool...
Texas Co. established the following overhead cost pools and cost drivers: Budgeted Estimated Overhead Cost Pool Overhead Cost Driver Cost Driver Level Quality controls $780,000 # of inspections 26,000 inspections Machine setups $720,000 # of setups 12,000 setups Other overhead costs $900,000 # of machine hrs 50,000 machine hrs Total overhead costs $2,400,000 A recent order for sailboats used: Quality inspections 750 inspections Machine setups 500 setups Machine hours (MHs) 2,400 machine hours Required: a. What is the overhead rate...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT