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Problem - Bramble Company produces two products: MB-R and MB-X. Currently, Bramble allocates overhead based on direct labour hours. Overhead is estimated at $381,000. The cost accountant realizes that there are some differences in how resources are being used in producing these two components and is considering the use of ABC to allocate overhead. She determines that overhead is caused by testing and inspections, $138,000; machine setup, $78,000; machine stamping, $114,000; and plant maintenance, $51,000. Bramble estimates the following activities related to the overhead costs:
Activity
Cost Driver
MB-R
MB-X
Testing and inspections
Number of testing and inspections
460
Machine setup
Number of setups
120
80
Machine stamping
Number of machine hours
24,000
14,000
Plant maintenance
Direct labour hours
1,200
2,200
Use ABC cost hierarchy to classify each activity.
Required - Compute the amount of overhead assigned to each product using the traditional (i.e., direct labour hours) costing method.
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