NOWV2 | Online teach x+O SOFTWARE UPDATEeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3falsemacOS Big Sur 11.3.1 is available and will be inlater tonight.O eBookShow Me HowE Print ItemActivity-Based Costing: Factory Overhead CostsThe total factory overhead for Bardot Marine Company is budgeted for the year at $1,167,450, divided into four activities: fabrication, $507,000; assembly, $210,000;setup, $245,700; and inspection, $204,750. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for eachproduct by each activity are as follows:FabricationAssemblySetupInspectionSpeedboat9,750 dlh31,500 dlh70 setups122 inspectionsBass boat29,25010,50051585339,000 dlh42,000 dlh585 setups975 inspectionsEach product is budgeted for 5,500 units of production for the year.a. Determine the activity rates for each activity.Fabrication$per direct labor hourAssembly5V per direct labor hourSetup$1per setupInspectionper inspectionb. Determine the activity-based factory overhead per unit for each product. Round to the nearest whole dollar.Speedboat:per unitBass boatper unitFeedbackCheck My WorkCalculate:(a) For each activity: Activity budget + Activity-base usage = Activity RateNext>Check My WorkEmail InstructorSave and ExitSubmit Assignment for GradingMacBook AirDIIDD80888F11F7F9F10FBF3F44FS

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Description: NOWV2 | Online teach x+O SOFTWARE UPDATEeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3falsemacOS Big Sur 11.3.1 is available and will be inlater tonight.O eBookShow Me HowE Print ItemActivity-Based Costing: Fac

ACTIVITY RATES FOR EACH ACTIVITY : ACTIVITY WORKING ACTIVITY RATES FABRICATION $507,000 /…

Business

Accounting

Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at $1,167,450, divided into four activities: fabrication, $507,000; assembly, $210,000; setup, $245,700; and inspection, $204,750. 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 9,750 dih 31,500 dlh 70 setups 122 inspections Bass boat 29,250 10,500 515 853 39,000 dlh 42,000 dih 585 setups 975 inspections Each product is budgeted for 5,500 units of production for the year. a. Determine the activity rates for each activity. Fabrication per direct labor hour Assembly 5 v per direct labor hour Setup per setup Inspection per inspection b. Determine the activity-based factory overhead per unit for each product. Round to the nearest whole dollar. Speedboat per unit Bass boat per unit Feedback " Check My Work Calculate: (a) For each activity: Activity budget + Activity-base usage = Activity Rate Next Check My Work Email Instructor Save and Exit Submit Assignment for Grading

Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at $1,167,450, divided into four activities: fabrication, $507,000; assembly, $210,000; setup, $245,700; and inspection, $204,750. 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 9,750 dih 31,500 dlh 70 setups 122 inspections Bass boat 29,250 10,500 515 853 39,000 dlh 42,000 dih 585 setups 975 inspections Each product is budgeted for 5,500 units of production for the year. a. Determine the activity rates for each activity. Fabrication per direct labor hour Assembly 5 v per direct labor hour Setup per setup Inspection per inspection b. Determine the activity-based factory overhead per unit for each product. Round to the nearest whole dollar. Speedboat per unit Bass boat per unit Feedback " Check My Work Calculate: (a) For each activity: Activity budget + Activity-base usage = Activity Rate Next Check My Work Email Instructor Save and Exit Submit Assignment for Grading

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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engageNOWv2 | Online teach x + n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false O SOFTWARE UPDATE 34m macOS Big Sur 11.3.1 is available and will be instal later tonight. еBook E Print Item Single plantwide factory overhead rate Bach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted factory overhead cost is $88,320. Overhead is allocated to the three products on the basis of direct labor hours. The products have the following budgeted production volume and direct labor hours per unit: Budgeted Production Direct Labor Hours Per Volume Unit Flutes 2,600 units 0.4 Clarinets 600 1.6 Oboes 1,400 1.2 If required, round all per unit answers to the nearest cent. a. Determine the single plantwide overhead rate. X per direct labor hour b. Use the overhead rate in (a) to determine the amount of total and per-unit overhead allocated to each of the three products. Total Per Unit Factory Overhead Cost Factory…
CengageNOWv2 | Online teachin x A v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3false Assignment 7b: Chapter 23 Exercises eBook E Print Item Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc, processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6.400 units of product were as follows: Standard Costs Actual Costs Direct materials 8,300 lb. at $4.70 8,200 Ib. at $4.50 Direct labor 1,600 hrs. at $18.70 1,640 hrs. at $18.90 Factory overhead Rates per direct labor hr. based on 100% of normal capacity of 1,670 direct labor hrs.: Variable cost, $3.40 $5,390 variable cost Fixed cost, $5.40 $9,018 fixed cost Each unit requires 0.25 hour of direct labor. Required: a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance.…
ngageNOWv2 | Online teachin X + om/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... € Compute conversion costs given the following data: direct materials, $363,600; direct labor, $192,400; factory overhead, $204,500 and selling expenses, $35,600. Oa. $396,900 Ob. $568.100 Oc. $168,900 Od. $760,500 8 5/2
gagenown/ilm/takeAssignment/takeAssignmentMain.do?invoker=&ta... A Q eBook Activity Fabrication Assembly Setup Inspecting Production scheduling Purchasing Activity Rate $24 per machine hour $13 per direct labor hour $50 per setup $28 per inspection $14 per production order $11 per purchase order The activity-base usage quantities and units produced for each product were as follows: Elliptical Machines Treadmill 1,687 419 53 Activity Base Machine hours Direct labor hours Setups Elliptical Machines Treadmill 4 Product Costs using Activity Rates Hercules Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows: C 101 Print Item % 15 5 732 $ Inspections Production orders Purchase orders 198 Units produced 286 Use the activity rate…
CengageNOWv2 | Online teachin x * Cengage Learning + n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false еВook E Print Item Equivalent Units of Production: Weighted Average Cost Method The following information concerns production in the Finishing Department for May. The Finishing Department uses the weighted average cost method. ACCOUNT Work in Process-Finishing Department ACCOUNT No. Balance Date Item Debit Credit Debit Credit May 1 Bal., 25,400 units, 70% completed 101,600 31 Direct materials, 124,500 units 303,780 405,380 31 Direct labor 188,300 593,680 31 Factory overhead 191.400 785,080 31 Goods transferred, 132,100 units 755,612 29,468 31 Bal., 2 units, 30% completed 29,468 a. Determine the number of units in work in process inventory at the end of the month. units b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for May. Whole units units Equivalent units of…
B NOWv2 | Online teachir X + ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... Ⓒ Thomlin Company forecasts that total factory overhead for the current year will be $17,280,000 with 180,000 total machine hours. Year to date, the actual overhead is $8,220,000, and the actual machine hours are 82,200 hours. If Thomlin Company uses a predetermined factory overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is a. $328,800 underapplied Ob. $391,200 overapplied Oc. $328,800 overapplied Od. $391,200 underapplied 8:15 A 5/2/202 H U a 1 C
Factory overhead is allocated to the three products on the basis of processing hours. The products had the fullu hours per case: Budgeted Processing Hours Volume (Cases) Per Case Tortilla chips 3,000 0.25 Potato chips 6,000 0.10 Pretzels 3,500 0.30 Total 12,500 If required, round all per unit answers to the nearest cent. a. Determine the single plantwide factory overhead rate. per processing hour b. Use the overhead rate in (a) to determine the amount of total and per-case overhead allocated to each of the three products under generally accepted accounting principles. Per Case Total Factory Overhead Factory Overhead Tortilla chips Potato chips Pretzels Total
YPLUS Kimmel, Accounting, 7e Help | System Announcements CALCULATOR PRINTER VERSION 1 BACK NEXT National Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product. RESOURCES OMEWORK --05 -07 -09 -11 a-b Per Unit Total Direct materials $21 -16 Direct labor $41 --01A -02A -03A Variable manufacturing overhead Fixed manufacturing overhead $14 $1,264,000 Variable selling and administrative expenses $ 4 Fixed selling and administrative expenses $ 1,106,000 Its by Study These costs are based on a budgeted volume of 79,000 units produced and sold each year. National uses cost-plus pricing methods to set its target selling price. The markup percentage on total unit cost is 40%. Compute the total variable cost per unit, otal fixed cost per unit, and total cost per unit for M14-M16. Variable cost per unit 2$ Fixed cost per unit Total cost per unit 24 MacBook
dy Home CengageNOWv2| Online teachin x /takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Xander Studios holds a sculpting class for which it charges students $250. The costs consist of the following: Variable costs per student: Sculpting supplies $100 Enrollment costs 50 Fixed costs for the course: Instructor's salary $1,000 Rental cost of the classroom 500 The break-even number of students is Oa. 2 ОБ. 12 Oc. 20 Od. 11
A v2.cengagenow.com Chapter 23 Pre + CengageNOWv2 | Online teaching and learning resource from Cengage Learning O eBook E Print Item Activity-Based Costing and Product Cost Distortion Handbrain Inc. is considering a change to activity-based product costing. The company produces two products, cell phones and tablet PCs, in a single production department. The production department is estimated to require 4,000 direct labor hours. The total indirect labor is budgeted to be $655,200. Time records from indirect labor employees revealed that they spent 60% of their time setting up production runs and 40% of their time supporting actual production. The following information about cell phones and tablet PCs was determined from the corporate records: Number Direct of Labor Units Setups Hours Cell phones 1,600 2,000 84,000 Tablet PCs 800 2,000 84,000 Total 2,400 4,000 168,000 If required, round your answers to the nearest cent. a. Determine the indirect labor cost per unit allocated to cell…
CLA Inbox - abhireddy726@gmail.com - Gmail Announcements - Accounting for Leaders - 202032 - CRN1... Connect Search All Matches | Chegg.com Midterm Graded Problems i Saved Help Save & Exit Submit Lichtenstein Imports needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant 40 information is as follows. Machine Hours Month Worked Utilities Cost April Мay 5,650 5,200 7,500 9,000 10,060 9,940 11,725 13,400 June July Lichtenstein anticipates producing 6,000 units in August, each unit requiring 2.5 hours of machine time. The company uses the high- low method to analyze costs. Required: A. Calculate the variable and fixed components of the utilities cost. B. Using the data calculated above, estimate the utilities cost for August. For all requirements, round "variable cost per hour" to 2 decimal places and final answers to the nearest dollar amount. A. Variable cost per hour Fixed cost B. Total variable cost Total fixed cost Total…
* CengageNOWv2 | Online te x My Questions | bartleby keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false * 司 Upd Print Item Rene is working with the operations manager to determine what the standard labor cost is for a spice chest. He has watched the process from start to finish and taken detailed notes on what each employee does. The first employee selects and mills the wood, so it is smooth on all four sides. This takes the employee 1 hour for each chest. The next employee takes the wood and cuts it to the proper size. This takes 30 minutes. The next employee assembles and sands the chest. Assembly takes 2 hours. The chest then goes to the finishing department. It takes 1.5 hours to finish the chest. All employees are cross-trained so they are all paid the same amount per hour, $19.60. A. What are the standard hours per chest? Standard hour per chest hours B. What is the standard cost per chest for labor? Round your answer to two decimal places.…