User Account

All Pages

What percentage of machine setups cost is assigned

Assignment Help Managerial Accounting
Reference no: EM132581003

Hickory Company manufactures two products-13,000 units of Product Y and 5,000 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 $745,200 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:

Activity                              Cost Pool                Activity Measure Estimated             Overhead Cost       Expected

Activity Machining           Machine-hours               $242,400                                   12,000 MHs

Machine setups               Number of setups            $114,400                                220 setups

Product design                Number of products              $86,000                              2 products

General factory                 Direct labor-hours                 $302,400                           14,400 DLHs

Activity Measure                 Product Y                Product Z

Machine-hours                    7,200                       4,800

Number of setups                   40                        180

Number of products                  1                            1

Direct labor-hours                    8,200                     6,200

Question 1: Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal places.)

Reference no: EM132581003

Questions Cloud

Performance by understanding varying theories of motivation : Managers can improve employee performance by understanding varying theories of motivation and how they can be put into action for improvement.
What percentage of the product design cost is assigned : Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z?
What sorts of values would the christian worldview : What sorts of values and considerations would the Christian worldview focus on in deliberating about whether or not George should opt for euthanasia?
Criminological theory and practical reflection : Identify two criminological theories from your textbook that you find most applicable for reasons why people commit crime today.
What percentage of machine setups cost is assigned : What percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal places.)
Quasi-contract as opposed to actual contract : Why does the court see this case as involving a quasi-contract as opposed to an actual contract?
What percentage of the machining costs is assigned : What percentage of the Machining costs is assigned to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal places.)
PROF-740 Fundamentals of Data Analytics Assignment : PROF-740 Fundamentals of Data Analytics Assignment Help and Solution - Rochester Institute of Technology, RIT Dubai, UAE - Assessment Writing Service
Explain process from your every day life : Explain a process from your every day life. It could be making coffee, studying, going to the gym, paying bills, or anything you choose.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Calculate schedule of cost of goods sold for nani fashions

Calculate the schedule of cost of goods sold for Nani's Fashions and explain the information provided by the schedule of cost of goods sold.

  Should adams accept the special order

Should Adams accept the special order? Why or why not? Would it make a difference to your answer if Adams is at full capacity and its current line of sofas sell

  The after tax project cash flow including

The after tax project cash flow including the terminal cash flow for the project in year 3 is?

  What arguments would you make for advance pricing agreement

Suppose you have scheduled a meeting with an IRS representative. What arguments would you make for an advance pricing agreement that would permit the use of the $10 price?

  Cintax cost behavior and decisions

Cintas Company produces a line of cleaning products for both industrial and household use. While most of the company's products are processed independently, a few are related, such as Pearl and Satin Polish.

  Evaluate the two divisions managerial performance

Evaluate these two divisions' managerial performance and provide comment on which manager performed better; use margin and turnover ratios to compare

  Main components of cvp

Write down the main components of cost-volume-profit (CVP) analysis. How does a CVP income statement aid management make decisions?

  Write a paragraph elaborating on the justification

Write a paragraph elaborating on the justification provided by Suzette Barger.

  Behavioral dimensions of budgeting

Define budgeting and discuss its role in planning, control, and decision-making. Describe the behavioral dimensions of budgeting.

  A predetermined overhead rate

Bread, Inc. uses a normal costing system with a predetermined overhead rate based on machine hours. At the beginning of the year, the company estimated manufacturing overhead for the year would be $240,000 and machine hours used would be 16,000.

  Discuss the way in which bhp billiton has demonstrated

According to Sikka (2008, p.291), "The burgeoning corporate social responsibility literature rarely focuses on the anti-social practices of accounting firms...Accountancy firms are on a collision course with civil society".

  Describe jscs current budget process

Describe JSC's current budget process in terms of the concept of 'participative budgeting' and advise the CEO on how the current budget process may be leading to the performance problems being experienced at JSC, and on what changes you would recom..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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