How much manufacturing overhead cost is allocated to

Assignment Help Accounting Basics
Reference no: EM13583877

Hickory Company manufactures two products -14,000 units of Product Y and 6,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z: (The total estimated overhead cost may not agree with the sum of allocated overhead costs to each product.)

Activity Cost Pool Activity Measure Estimated Overhead Cost Expected Activity
Machining Machine Hours $206,000 $10,000 MHS
Machine Setups Number of Setups $145,600 260 setups
General Factory Direct Labor Hours $307,200 12,000 DLHs
Activity Measure Product Y Product Z
Machining 7,600 2,400
Number of Setups 50 210
Number of Products 1 1
Direct Labor Hours 8,600 3,400

A. What is the company's plantwide overhead rate (round your answer to 2 Decimal Places)

B. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.)

Reference no: EM13583877

Questions Cloud

A spring with a spring constant of 270 nm iscompressed by : a spring with a spring constant of 270 nm iscompressed by 14cm.a 880g ball is attached to the end and the spring is
Given 20 grams of cs2 and 3 moles of o2 and the following : given 20 grams of cs2 and 3 moles of o2 and the following reaction the amount of co2 produced is cs2 3o2 ? co2
Plot your estimates for beta0 and beta1 as n increases : simulate n 103 outcomes from the modely -2 x epsilonwhere x u0 1 and epsilon n0 0.12 independently. from your
A hydrogen atom is in a state with energy -0850 what is the : a hydrogen atom is in a state with energy -0.850 .in the bohr model what is the angular momentum of the electron in the
How much manufacturing overhead cost is allocated to : hickory company manufactures two products -14000 units of product y and 6000 units of product z. the company uses a
Choose the most reasonable substance that fits the : choose the most reasonable substance that fits the description in each casea element with higher first ionization
On december 17 2010 kellyu2019s business office safe is : on december 17 2010 kellyu2019s business office safe is burglarized. the theft is discovered a few days after the
A 125g mass attached to a spring oscillates with an : a 125g mass attached to a spring oscillates with an amplitude of 7.8cm and a maximum speed of 0.625ms. find the force
He sold one-fifth of his crop at the first markey 40 at the : mr green harvested pumpkins for selling at four markets. he sold one-fifth of his crop at the first markey 40 at the

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd