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How much overhead will be applied to Monkey Bars

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Reference no: EM132805916

Question - Outdoor Fun manufactures two products: Monkey Bars and Ride Away.

The company's overhead costs consist of setting up machines, $24,000; machining, $36,000; and inspecting, $18,000. During the year, 5,000 Monkey Bars were produced and 20,000 Ride Aways. Additional information on the two products is:

 

Monkey Bars

Ride Away

Direct labor hours

8,000

12,000

Machine setups

20

40

Machine hours

2,000

6,000

Inspections

20

30

Required -

1. How much overhead will be applied to Monkey Bars using traditional costing using direct labor hours as the basis for allocation?

2. How much overhead was applied to Monkey Bars using activity-based costing?

Reference no: EM132805916

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