Dartmouth Corporation manufactures two models of motorized go−​carts, a standard and a deluxe model. The following activity and cost information has been​ compiled:   Product Number of Setups Number of Components Number of Direct Labor Hours   Standard 17 6 790   Deluxe 31 15 400             Overhead Costs ​$18,240 ​$21,000       Assume a traditional costing system applies the​ $39,240 of overhead costs based on direct labor hours. What is the total amount of overhead cost assigned to the standard​ model? (Do not round interim calculations. Round the final answer to the nearest whole​ dollar.)

Q: 1. Compute the following variances for May: a. Materials price and quantity variances. b.…

A: Variance is the difference between the standard cost set for the product and actual cost incurred…

Q: Gelb Company currently makes a key part for its main product. Making this part incurs per unit…

A: (a) Make or Buy Analysis Make Buy Direct materials 1.40   Direct labor 0.95   Overhead 1.48…

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A: Solution 1: Determination of activity rate for each activity & allocation of overhead…

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A: Material Price Variance= (Standard Price- Actual Price) x Actual Quantity…

Q: Koontz Company manufactures a number of products. The standards relating to one of these products…

A: 1a. Compute material price and quantity variance for May as shown below:

Q: Al Noora Company uses activity based costing and gives you the following data regarding cost pools…

A: Total estimated overhead = Sum of all the activity costs of each cost pool

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A: Setup cost per unit = Cost per setup / No. of units per setup

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A: Variable cost means the cost which vary with the level of output where as fixed cost remains fixed…

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A: Overhead: Overhead costs indicate the costs, that are used in business activities, but cannot be…

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A: Overhead cost per activity = Total overhead cost for the activity / No. of activity

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A: The amount of total estimated overhead is the sum of all estimated overhead expenses.

Q: Hackers Corp. accumulated the following information for its two products, A and B. Product A Total…

A: The traditional system will allocate set up costs on the basis of direct labor hours and ABC will…

Q: Rocky Mountain Corporation makes two types of hiking boots—Xactive and Pathbreaker. Data concerning…

A: The question is related to Activity Based Costing and overheads. The pre-determined overhead rate…

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A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: I need help with this one

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Koontz Company manufactures a number of products. The standards relating to one of these products…

A: Variances are the deviations between the amounts budgeted from the actual amounts. If the amounts…

Q: Nictorious Company manufactures two types of Electronic Toy, the Regular and SuperPro. The following…

A: Total manufacturing cost includes the cost incurred on the production process by the entity.

Q: Swifty Corporation, Inc.currently manufactures a wicket as its main product. The costs per unit are…

A: As it is given that the fixed overhead is an allocated common cost. Then the relevant cost of the…

Q: Comfort Corporation manufactures two models of office chairs, a standard and a deluxe model. The…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Hackers Corp. accumulated the following information for its two products, A and D. Product A Total…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

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A: Lets understand the basics. There are two types of rates are followed for allocating fixed overhead…

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A: Direct  Material refers to those material used in the manufacturing processes of the products as it…

Q: Koontz Company manufactures a number of products. The standards relating to one of these products…

A: Actual quantity of material=Number of units×Feet per unit=18,500×1.85=34,225

Q: Cost per unit for each product using Absorption costing Cost per unit for each product using ABC…

A: 1. Calculate the cost per unit for each product using Absorption costing:

Q: Pioneer Company uses activity based costing and gives you the following data regarding cost pools…

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Q: AB Company uses activity based costing and gives you the following data regarding cost pools and…

A: Total estimated overhead = Machine related cost + Material handling cost + Purchase related cost +…

Q: Victorious Company manufactures two types of Electronic Toy, the Regular and SuperPro. The following…

A: Under ABC costing, the overhead costs are assigned to the products in the proportion of activity…

Q: Victorious Company manufactures two types of Electronic Toy, the Regular and SuperPro. The following…

A: Calculation of Total manufacturing cost per unit     (Amount In P) Direct material Cost per…

Q: Nictorious Company manufactures two types of Electronic Toy, the Regular and SuperPro. The following…

A: Overhead cost per activity = Total overhead cost for the activity / No. of activity

Q: hine Ltd manufactures two products, Exe and Zed. Currently, overheads are apportioned using a…

A:

Q: Petrillo Company produces engine parts for large motors. The company uses a standard cost system for…

A: Variance analysis: it is analyzing the differences between the cost actually incurred to that of the…

Q: Using ABC, the total manufacturing costs per unit for product SuperPro is:

A: Using activity based costing, the overhead is applied on the basis of predetermined overhead rate.

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A: Given : DHLs Estimated labor-related overhead = 333,018 Total expected activity = 11, 200

Q: Beerfield Company manufactures product M in its factory. Production of M requires 2 pounds of…

A: Direct  material cost = 2 pounds×$10 per pound =$20

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A: Overheads are considered as fixed and common expenses that should be allocated to the products based…

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A: In traditional system of overhead allocation, costs are allocated on the basis of number of units.…

Q: Using ABC, the total manufacturing costs for product Regular is:

A: Overhead cost per activity = Total overhead cost for the activity / No. of activity

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A: The answer for the multiple choice question and relevant explanation are presented hereunder :

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A: As per activity-based costing the overhead cost of the entity is allocated based on the number of…

Q: The Outland Company manufactures 5,000 units of a part that could be purchased from an outside…

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: Compute overhead variances using a four-variance analysis. 5. Assume that the purchasing agent for…

A: Overheads are the various indirect material, labour and other costs incurred during a manufacturing…

Q: Ergaster Corporation manufactures a variety of products. In the past, Ergaster has been using a…

A: Activity based costing system is a costing system in which all indirect costs or overhead costs are…

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A: Overhead cost per activity = Total overhead cost for the activity / No. of activity

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A: Given, Assembly cost = $56,000 Inspections = $96,000 First, compute the single overhead rate as…

Q: Compute the total amount of overhead costs assigned to each model using:  1. Traditional costing…

A: Under traditional costing system, the overhead rate is simply simply based on either direct labour…

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A: Overhead allocation is a method of allocating indirect expenses. it can be allocated using the…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.