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In: Accounting
Jung Company uses activity-based costing. It makes two products, X and Y. The company's overhead costs...
Jung Company uses activity-based costing. It makes two products, X and Y. The company's overhead costs are traced to two activity cost pools. The following data are given: Activity cost pool Activity measure Estimated Overhead Cost Activity For X For Y Total Design Number of parts $32,000 200 parts 800 parts 1,000 parts Inspection Production units $18,000 2,000 units 1,000 units 3,000 units For the design activity, its activity rate (predetermined overhead rate) is:
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ekkarill92 answered 2 years agoRelated Solutions
4) X Company makes two products, A and B, and uses an activity-based costing overhead allocation...
4) X Company makes two products, A and B, and uses an
activity-based costing overhead allocation system, with three cost
pools and three cost drivers. Budgeted costs and driver information
for 2017 were as follows: Cost Pool 1 Cost Pool 2 Cost Pool 3
Budgeted costs $113,000 $53,000 $31,000 Cost Drivers Product A
84,000 62,000 75,000 Product B 63,000 54,000 47,000
What was the allocation to Product B in 2017?
Environmental costs, activity-based costing Bevans Co. makes two products, Product X, and Product Y. Bevans has...
Environmental costs, activity-based costing
Bevans Co. makes two products, Product X, and Product Y. Bevans
has produced Product X for many years without generating any
hazardous wastes. Recently, Bevans developed Product Y, which is
superior to Product X in many respects. However, production of
Product Y generates hazardous wastes. Because of the hazardous
wastes, Bevans now must deal with hazardous waste disposal,
governmental environmental reports and inspections, and safe
handling procedures. Bevans Co. uses an indirect cost rate based on...
Lysiak Corporation uses an activity based costing system to assign overhead costs to products. In the...
Lysiak Corporation uses an activity based costing system to
assign overhead costs to products. In the first stage, two overhead
costs--equipment depreciation and supervisory expense-are allocated
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
$
47,000
Supervisory expense
$
6,000
Distribution of Resource Consumption Across Activity Cost
Pools:
Activity Cost Pools
Machining
Order Filling
Other
Equipment depreciation
0.60
0.10
0.30
Supervisory expense
0.60
0.20
0.20...
Wedd Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been...
Wedd Corporation uses activity-based costing to assign overhead
costs to products. Overhead costs have already been allocated to
the company's three activity cost pools as follows: Processing,
$46,700; Supervising, $33,600; and Other, $24,200. Processing costs
are assigned to products using machine-hours (MHs) and Supervising
costs are assigned to products using the number of batches. The
costs in the Other activity cost pool are not assigned to products.
Activity data appear below:
MHs (Processing)
Batches (Supervising)
Product O6
18,400
1,250
Product...
Umanzor Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been...
Umanzor Corporation uses activity-based costing to assign
overhead costs to products. Overhead costs have already been
allocated to the company's three activity cost pools as follows:
Processing, $50,500; Supervising, $28,600; and Other, $24,700.
Processing costs are assigned to products using machine-hours (MHs)
and Supervising costs are assigned to products using the number of
batches. The costs in the Other activity cost pool are not assigned
to products. Activity data appear below:
MHs
(Processing)
Batches
(supervising)
Product S5
10,900
1,420
Product...
ECO Plc Ltd. uses an activity based costing system to assign overhead costs to products. In...
ECO Plc Ltd. uses an activity based costing system to assign
overhead costs to products. In the first stage, two overhead costs
- Electricity expense and Water expense - are allocated to three
activity cost pools - Grinding, Painting, and Other - based on
resource consumption. Data to perform these allocations appear
below:
Overhead Costs:
Electricity expense: $195,000
Water expense: $185,000
Distribution of Resource Consumption across Activity Cost
Pools:
Overhead Cost
Activity Cost Pools
Grinding
Painting
Other
Electricity expense
0.40...
Wellington Chocolate Company uses activity-based costing. The controller identified two activities and budgeted overhead costs based...
Wellington Chocolate Company uses activity-based costing. The
controller identified two activities and budgeted overhead costs
based on these activities:
Setting up equipment $280,000
Baking $5,800,000
Setting up equipment is based on setup hours, and baking is
based on oven hours. Wellington produces two products, fudge, and
cookies. Information on each product is as follows
fudge
cookies
Units produced
8,000
445,000
Setup hours
4,000
1,000
Oven hours
5,000
35,000
Required (round your answers to the nearest whole dollar, unless
otherwise directed):...
A company uses activity-based costing to determine the costs of its three products: A, B, and...
A company uses activity-based costing to determine the costs of
its three products: A, B, and C. The budgeted cost and activity for
each of the company's three activity cost pools are shown in the
following table:
Budgeted Activity
Activity Cost Pool
Budgeted Cost
Product A
Product B
Product C
Activity 1
$
85,000
7,500
10,500
21,500
Activity 2
$
60,000
8,500
16,500
9,500
Activity 3
$
112,000
4,000
2,500
3,125
How much overhead will be assigned to Product B...
A company uses activity-based costing to determine the costs of its three products: A, B, and...
A company uses activity-based costing to determine the costs of
its three products: A, B, and C. The budgeted cost and activity for
each of the company's three activity cost pools are shown in the
following table:
A company uses activity-based costing to determine the costs of
its three products: A, B, and C. The budgeted cost and activity for
each of the company's three activity cost pools are shown in the
following table:
Budgeted Activity
Activity Cost
Pool
Budgeted...
A company uses activity-based costing to determine the costs of its three products: A, B, and...
A company uses activity-based costing to determine the costs of
its three products: A, B, and C. The budgeted cost and activity for
each of the company's three activity cost pools are shown in the
following table:
Budgeted Activity
Activity Cost Pool
Budgeted Cost
Product A
Product B
Product C
Activity 1
$
75,000
6,500
9,500
20,500
Activity 2
$
50,000
7,500
15,500
8,500
Activity 3
$
92,000
3,000
1,500
2,125
How much overhead will be assigned to Product B...
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