Solution-Calculate consumption ratios for each activity

Calculate consumption ratios for each activity

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Reference no: EM133158015

Question - Tristar Manufacturing produces two types of battery-operated toy soldiers: infantry and special forces. The soldiers are produced by using one continuous process. Four activities have been identified: machining, setups, receiving, and packing. Resource drivers have been used to assign costs to each activity. The overhead activities, their costs, and the other related data are as follows:

Product	Machine Hours	Setups	Receiving Orders	Packing Orders
Infantry	20,900	300	810	1,620
Special Forces	20,900	100	90	810
Costs	$96,140	$24,320	$16,290	$29,160

Required -

1. Calculate the total overhead assigned to each product by using only machine hours to calculate a plantwide rate.

2. Calculate consumption ratios for each activity.

3. Calculate a rate for each activity by using the associated driver.

4. Assign the overhead costs to each product by using the activity rates computed in Requirement 3.

5. CONCEPTUAL CONNECTION: Comment on the difference between the assignment in Requirement 1 and the activity-based assignment.

Reference no: EM133158015

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Calculate consumption ratios for each activity

Reference no: EM133158015

Reference no: EM133158015

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