Milky Corporation has provided the following data from its activity-based costing accounting system: Activity Cost Pools Designing products Setting up batches Assembling products Total Activity 7,798 product design hours 740 batch set-ups 6,640 assembly hours Total Cost P1,372,448 P33,300 P126,160
Q: the following data from its activity-based costing accounting system: Indirect factory wages $…
A: Solution 1: Product processing cost pool Indirect factory wages (24000*45%) 10800 factory…
Q: XYZ Co. manufactures three types of remote-control devices: X, Y, and Z. The company, which uses…
A: Pool rate is the rate used in activity based costing to allocate overhead costs to various products…
Q: The Randolph Company uses activity – based costing and provides this information: Manufacturing…
A: Activity based costing assigns cost to each and every activity on the basis of the cost driver.
Q: Sultan Company uses an activity-based costing system. At the beginning of the year, the company…
A: Overheads are considered as fixed and common expenses that should be allocated to the products based…
Q: Assume the company decides to use traditional system in which the allocation base of ALL costs is…
A: solution Concept Under traditional method of costing the overhead is allocated using a single…
Q: Fran Ferry company had the following activities, pooled costs, and physical flow of driver units.…
A: Hi student Since there are multiple questions, we will answer only first question.
Q: Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have…
A: Answer : The activity rate for the Supervising activity cost pool under activity-based costing is…
Q: 1. Compute the activity rate for each of the activity cost pools. 2. The expected activity for the…
A: answer are as follows
Q: HITech Products manufactures three types of remote-control devices: Economy, Standard, and Deluxe.…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: l Cost Driver Estimated Activity per Driver Estimated Overhead Material Material Requisitions 12,000…
A: predetermined overhead rate for Machine = Estimated overhead/ Estimated number of material…
Q: COVID 19 Co has provided the following data from its activity-based costing system: Activity Cost…
A: Cost per activity = Total cost / Total activity Assembly = $1,443,140/59,000 hours = $24.46…
Q: Vanvalkenburg, Inc., manufactures and sells two products: Product Q5 and Product JO, The company has…
A: Under activity-based costing, the activity rate is calculated differently from each activity.
Q: Kapoor Corporation uses the following activity rates from its activity-based costing to assign…
A: It is a method used to assign the manufacturing overhead cost to the finished goods. It assign cost…
Q: Bera Corporation uses the following activity rates from its activity-based costing to assign…
A: $ 10106.48 Overhead cost = total assembling products cost ( Note 1) + Total processing customer…
Q: Vedd Corporation uses activity-based costing to assign overhead costs to products. Overhead costs…
A: The answer is as fallows
Q: Strama, Inc., manufactures and sells two products: Product A6 and Product 15. The company has an…
A: Activity-based costing (ABC) is a method of managerial accounting that assigns overhead expenses to…
Q: MFCB Ltd uses an activity-based costing system for its overhead costs. The company has provided the…
A: Activity rate = Total cost of the activity / total activity Cleaning is based on hours. Job support…
Q: Draus Products Company uses activity-based costing to compute product costs for external reports.…
A: The manufacturing overhead is said to be over applied if actual overhead is less than the estimated…
Q: ssume a service company has implemented an activity-based costing system with five activities as…
A: Using activity based costing, the overhead is applied to the job depending on various activities.
Q: Maxx Inc. has provided the following data from its activity-based costing system: Activity Cost…
A: Overheads are considered as fixed and common expenses that should be allocated to the products based…
Q: Millner Corporation has provided the following data from its activity-based costing accounting…
A: Ans. For finding the activity rate we need to divide the total cost by the total activity. Here, it…
Q: Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have…
A: The question is based on the concept of Cost Accounting.
Q: Tomasini Corporation has provided the following data from its activity-based costing accounting…
A: DISTRIBUTION OF RESOURCES : BatchProcessing UnitProcessing Other Total Supervisory wages…
Q: XYZ Co. manufactures three types of remote-control devices: X, Y, and Z. The company, which uses…
A: Pool rate is the rate used to apply the overhead costs in the cost pool to the different products…
Q: Petitte Corporation has provided the following data from its activity-based costing system: annual…
A: The costs of producing a product are referred to as product cost. Direct labour, direct materials,…
Q: XYZ Co. manufactures three types of remote-control devices: X, Y, and Z. The company, which uses…
A: As per the given question material insertion cost is allocated on the basis of number of parts. The…
Q: Pomme Company uses activity-based costing to compute product costs for external reports. The company…
A: Activity-based costing is a cost allocation method where overhead and indirect cost are allocated on…
Q: Advanced Products Corporation has supplied the following data from its activity-based costing…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Active Customer Services Ltd uses a traditional activity-based costing system to assign £900,000 of…
A: A cost driver is any factor that causes change in the cost of an activity. Cost drivers are the…
Q: HiTech Products manufactures three types of remote-control devices: Economy, Standard, and Deluxe.…
A: Important Note: As Per bartleby policy if there are multiple sub parts then we are allowed to do…
Q: Millner Corporation has provided the following data from its activity-based costing accounting…
A: An activity cost pool is a collection of all the expenses connected with completing a certain…
Q: XYZ has provided the following data from its activity-based costing system: Activity Cost Pool Total…
A: Activity-Based Costing: It refers to a costing method in which costs are assigned and allocated to…
Q: Foam Products, Inc., makes foam seat cushions for the automotive and aerospace industries. The…
A: Solution: Customer margin on sales is revenue from customer reduced by costs incurred with respect…
Q: A company has provided the following data from its activity-based costing system: Activity Cost Pool…
A:
Q: Maxx Inc. has provided the following data from its activity-based costing system: Activity Cost…
A: Under Activity-based costing system, First we identify the activity and then assign the cost of…
Q: Extreme Manufacturing Company provides the following ABC costing information: Activities Total…
A: Overheads are considered as fixed and common expenses that should be allocated to the products based…
Q: Angel Corporation uses activity-based costing to determine product costs for external financial…
A: Introduction: Overhead is defined as continuing company costs that are not directly related to the…
Q: Foam Products, Inc., makes foam seat cushions for the automotive and aerospace industries. The…
A: Overhead costs = No. of activity x Activity Rate Margin on sales = Direct materials cost - direct…
Q: Sultan Company uses an activity-based costing system. At the beginning of the year, the company made…
A: Activity based costing means where the product is valued on the basis of actual direct material ,…
Q: MFCB Ltd uses an activity-based costing system for its overhead costs. The company has provided the…
A: Pre-determined overhead rate = Total manufacturing overhead cost / Total units of the allocation…
Q: ABC Company uses activity-based costing to determine products costs for external financial reports.…
A: Calculation of total general cost allocated to product X and Y Particulars Allocation basis X Y…
Q: COVID 19 Co has provided the following data from its activity-based costing system: Activity Cost…
A: Cost per activity = Total cost / Total activity Assembly = $1,443,140/59,000 hours = $24.46…
Q: XYZ has provided the following data from its activity-based costing system: Activity Cost Pool Total…
A: ABC (activity based costing) is a technique in which cost is assigned or allocate to each activity…
Q: as Activity-Based Costing Hakara Company has been using direct labor costs assigning overhead to its…
A: Working: Product A Product B Direct Material Cost 42,000 54,000 Direct Labor…
Q: A company has provided the following data from its activity-based costing accounting system: $…
A: Solution a: Product Processing activity cost Pool Indirect factory wages 27000*48%…
Q: Ayala Inc. has conducted the following analysis related to its product lines, using a traditional…
A: ABC (activity-based costing) is a mechanism for allocating overhead costs more precisely by…
Q: Foam Products, Inc., makes foam seat cushions for the automotive and aerospace industries. The…
A: Total costs = Direct materials + Direct labor cost + Overhead Customer margin = Sales - Total costs…
Q: HITech Products manufactures three types of remote-control devices: Economy, Standard, and Deluxe.…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: MFCB Ltd uses an activity-based costing system for its overhead costs. The company has provided the…
A: Calculate cost per activity: Activity Cost Pool Total Cost (RM) [a] Total Activity [b] Cost per…
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- Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2. Determine the cost to be charged to the product for the year. 3. Determine the cost to be charged to factory overhead for the year. 4. Determine the plotted data points using Chart Wizard. 5. Determine R2. 6. How do these solutions compare to the solutions in P4-2 and P4-3? 7. What does R2 tell you about this cost model?Which is not a step In activity-based costing? A. identify the activities performed by the organization B. identify the cost driver(s) associated with each activity C. compute a cost rate per production D. assign costs to products by multiplying the cost driver rate by the volume of the cost driver units consumed by the productFIFO Method, Single Department Analysis, One Cost Category Refer to the data in Problem 6.33. Required: Prepare a cost of production report for the Fabrication Department for December using the FIFO method of costing.
- Carltons Kitchens three cost pools and overhead estimates are as follows: Compare the overhead allocation using: A. The traditional allocation method B. The activity-based costing method (Hint: the traditional method uses machine hours as the allocation base.)Caseys Kitchens three cost pools and overhead estimates are as follows: Compare the overhead allocation using: A. The traditional allocation method B. The activity based costing method (Hint: the traditional method uses machine hours as the allocation base.)Wrappers Tape makes two products: Simple and Removable. It estimates it will produce 369,991 units of Simple and 146,100 of Removable, and the overhead for each of its cost pools is as follows: It has also estimated the activities for each cost driver as follows: Â How much is the overhead allocated to each unit of Simple and Removable?
- Title Brahtz Company uses an activity-based costing system. It has the following manufacturing activity ar Description Brahtz Company uses an activity-based costing system. It has the following manufacturing activity areas, related cost drivers and cost allocation rates:ActivityCost DriverCost Allocation RateMachine setupNumber of setups$25.00Materials handlingNumber of parts0.25MachiningMachine hours13.00AssemblyDirect labor hours22.00InspectionNumber of finished units7.00During the month, 100 units were produced, with no defects, requiring three setups. Each unit consisted of 17 parts, 3 direct labor hours and 2.5 machine hours. Direct materials cost $50 per finished unit.What is the total manufacturing cost for inspections?$-0-$700$90$7Saved Help Sav CH 07 i Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system cont following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Activity Rates $6 per direct labor-hour $ 4 per machine-hour $ 50 per setup $ 90 per order $ 14 per shipment $ 840 per product Production orders Shipments Product sustaining Activity data have been supplied for the following two products: Total Expected Activity K425 M67 Number of units produced per year Direct labor-hours 200 2,000 80 500 Machine-hours Machine setups Production orders 100 1,500 1 4 4 Shipments Product sustaining 1 10 1 Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system? DELL F3 prt sc home end F4 F5 F6An allocation base: a. can be units of output if the company has a single product O b. is determined before the period begins. O c. All the given answers are correct. O d. can be direct labor cost e. is a measure used to assign manufacturing overhead costs to products and services PAGE NEXT PAGE IZ TWO Jump CQURSE OUTLINE_SPRING2021 ► tv MacBook Air
- Desjariais Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products. Activity Coat Pools Setting up batches Assembling products Processing customer orders. Data concerning two products appear below: Number of batches Number of assembly hours. Number of customer orders a. Product S96U b. Product QO6F Overhead cost Activity Rate $ 123.70 per batch $ 7.32 per assembly hour $ 59.76 per customer order Product S960 36 192 23 Required: a. How much overhead cost would be assigned to Product S96U using the company's activity-based costing system? b. How much overhead cost would be assigned to Product Q06F using the company's activity-based costing system? Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. Product 006F 45 870 42Angel Corporation uses activity-based costing to determine product costs for external financial reports. The company has provided the following data concerning its activity-based costing system: Activity Cost Pools (and Activity Measures) Machine related (machine-hours) Estimated Overhead Cost $323,840 $363,000 $258,420 Batch setup (setups) Order size (direct labor-hours) Expected Activity Activity Cost Pools Machine related Product X Product Y Total 5,400 10,800 4,400 7,400 2,400 7,400 12,800 Batch setup 13,200 11,800 Order size Assuming that actual activity turns out to be the same as expected activity, the total amount of overhead cost allocated to Product X would be closest to: (Round your intermediate calculations to 2 decimal places.)Az-Zain Sdn Bhd uses the following activity rates from its activity-based costing to assign overhead costs to products. Activity Cost Pools Activity Rate Setting up batches RM86.50 per batch Assembling products RM4.63 per assembly hour Processing customer orders RM52.16 per customer order Data concerning two products appear below: Product J00A Product S06U Number of batches 34 43 Number of assembly hours 105 812 Number of customer orders 17 32 1. How much overhead cost would be assigned to Product J00A using the company's activity-based costing system? 2. How much overhead cost would be assigned to Product S06U using the company's activity-based costing system?