Question
In: Accounting
Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso’s total overhead costs consist of assembly costs...
Reynoso Corporation manufactures titanium and aluminum tennis
racquets. Reynoso’s total overhead costs consist of assembly costs
and inspection costs. The following information is
available:
| Cost | Titanium | Aluminum | Total Cost |
| Assembly | 500 mach. hours | 500 mach. hours | $54000 |
| Inspections | 350 | 150 | $94000 |
| 2100 labor hours | 1900 labor hours |
Reynoso is considering switching from one overhead rate based on
labor hours to activity-based costing.
Total overhead costs assigned to titanium racquets, using a single
overhead rate, are
Solutions
Expert Solution
the Single overhead rate is calculated as:
Indirect costs ÷ Direct labor = Overhead rate.
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ekkarill92 answered 1 year agoRelated Solutions
Sitwell Corporation manufactures titanium and aluminum tennis racquets. Sitwell’s total overhead costs consist of assembly costs...
Sitwell Corporation manufactures
titanium and aluminum tennis racquets. Sitwell’s total overhead
costs consist of assembly costs and inspection costs. The following
information is available:
Cost
Titanium
Aluminum
Total Cost
Assembly
500 mach.
hours
500 mach.
hours
$45,000
Inspections
350
150
$75,000
2,100 labor
hours
1,900 labor hours
Sitwell is considering switching from
one overhead rate based on labor hours to activity-based
costing.
Total overhead costs assigned to
titanium racquets, using...
Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso’s total overhead costs consist of assembly costs...
Reynoso Corporation manufactures titanium and aluminum tennis
racquets. Reynoso’s total overhead costs consist of assembly costs
and inspection costs. The following information is available:
Cost
Titanium
Aluminum
Total Cost
Assembly
500 mach. hours
500 mach. hours
$50000
Inspections
350
150
$90000
2100 labor hours
1900 labor hours
Reynoso is considering switching from one overhead rate based on
labor hours to activity-based costing.
Using activity-based costing, how much assembly cost is assigned to
titanium racquets?
$21000.
$35000.
$25000.
$26250.
Addison Company manufactures two products, Regular and Supreme. Addison’s total overhead costs consist of machining $2,500,000,...
Addison Company manufactures two products, Regular and Supreme.
Addison’s total overhead costs consist of machining $2,500,000, and
assembling $1,250,000. Information on the two products is:
Regular Supreme
Total
Direct labor
hours 10,000
15,000
25,000
Machine hours (machining)
10,000
30,000
40,000
Number of parts (assembly)
90,000
160,000
250,000
Direct Material
Costs
$50,000
$75,000
Direct Labor
Costs
$120,000
$180,000
Units Produced
100,000
20,000
1. Overhead applied to REGULAR
using traditional costing based on DIRECT
LABOR HOURS is:
2....
Stuart Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the...
Stuart Sporting Goods Corporation makes two types of racquets,
tennis and badminton. The company uses the same facility to make
both products even though the processes are quite different. The
company has recently converted its cost accounting system to
activity-based costing. The following are the cost data that Jane
Price, the cost accountant, prepared for the third quarter of 2018
(during which Stuart made 70,000 tennis racquets and 30,600
badminton racquets).
Direct Cost
Tennis Racquet (TR)
Badminton Racquet (BR)...
Thornton Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the...
Thornton Sporting Goods Corporation makes two types of racquets,
tennis and badminton. The company uses the same facility to make
both products even though the processes are quite different. The
company has recently converted its cost accounting system to
activity-based costing. The following are the cost data that Jane
Price, the cost accountant, prepared for the third quarter of 2018
(during which Thornton made 71,500 tennis racquets and 30,600
badminton racquets).
Direct Cost
Tennis Racquet (TR)
Badminton Racquet (BR)
Direct...
Horten Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the...
Horten Sporting Goods Corporation makes two types of racquets,
tennis and badminton. The company uses the same facility to make
both products even though the processes are quite different. The
company has recently converted its cost accounting system to
activity-based costing. The following are the cost data that Jane
Price, the cost accountant, prepared for the third quarter of 2018
(during which Horten made 70,000 tennis racquets and 30,000
badminton racquets). Direct Cost Tennis Racquet (TR) Badminton
Racquet (BR) Direct...
Rundle Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the...
Rundle Sporting Goods Corporation makes two types of racquets,
tennis and badminton. The company uses the same facility to make
both products even though the processes are quite different. The
company has recently converted its cost accounting system to
activity-based costing. The following are the cost data that Jane
Price, the cost accountant, prepared for the third quarter of 2018
(during which Rundle made 69,000 tennis racquets and 29,800
badminton racquets).
Direct Cost
Tennis Racquet (TR)
Badminton Racquet (BR)...
Franklin Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the...
Franklin Sporting
Goods Corporation makes two types of racquets, tennis and
badminton. The company uses the same facility to make both products
even though the processes are quite different. The company has
recently converted its cost accounting system to activity-based
costing. The following are the cost data that Jane Price, the cost
accountant, prepared for the third quarter of 2018 (during which
Franklin made 72,000 tennis racquets and 30,400 badminton
racquets).
Direct Cost
Tennis Racquet (TR)
Badminton Racquet (BR)
Direct...
Horten Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the...
Horten Sporting Goods Corporation makes two types of racquets,
tennis and badminton. The company uses the same facility to make
both products even though the processes are quite different. The
company has recently converted its cost accounting system to
activity-based costing. The following are the cost data that Jane
Price, the cost accountant, prepared for the third quarter of 2018
(during which Horten made 70,000 tennis racquets and 30,000
badminton racquets).
Direct Cost
Tennis Racquet (TR)
Badminton Racquet (BR)...
Walton Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the...
Walton Sporting Goods Corporation makes two types of racquets,
tennis and badminton. The company uses the same facility to make
both products even though the processes are quite different. The
company has recently converted its cost accounting system to
activity-based costing. The following are the cost data that Jane
Price, the cost accountant, prepared for the third quarter of 2018
(during which Walton made 68,500 tennis racquets and 29,800
badminton racquets).
Direct Cost
Tennis Racquet (TR)
Badminton Racquet (BR)...
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