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Compute the pool rates for the different activities

beplay体育怎么安装Managerial Accounting
Reference no: EM13449




1. Ernest, Inc. has identified the following overhead costs and cost drivers for next year:
Overhead Item Expected Cost Cost Driver Quantity Activity rate
Setup costs $320,000 Number of setups 4,000
Ordering costs 120,000 Number of orders 15,000
Maintenance 480,000 Machine hours 125,000
Power 40,000 Kilowatt hours 200,000
Total overhead $960,000






The following are two of the jobs completed during the year:


Job 320 Job 321


Direct materials $ 19,200 $ 24,000
Overhead costs
Direct labor $ 24,000 $ 30,000 Job 320 Job 321
Setup costs
Units completed 1,600 2,000 Ordering costs
Maintenance
Number of setups 12 10 Power
Number of orders 20 30 Total - -
Machine hours 400 600


Kilowatt hours 280 350








Required:




1. Complete the schedule above to compute the pool rates for the different activities.
2a. Compute the total job costs assigned to the each of the two jobs using the information provided. Assign overhead using the pool rates calculated in "a" above.
Job 320 Job 321


Direct materials


Direct labor


Overhead costs


Total costs assigned








2b. Compute the unit cost for the two jobs.


Total Costs Assigned - -


Number of Units 1,600 2,000


Cost Per Unit $ - $ -






3.假设使用作业成本法,而是伴随矩阵y used a traditional costing method that assigns overhead using a predetermined rate based on machine hours. Based on the original numbers, total overhead for the year is $960,000 and the total estimated machine hours are 125,000.
a. Compute the predetermined rate using the information in item 3.


960,000.00



125,000.00



b. Compute the total cost assigned to jobs 320 and 321 by substituting the traditional overhead for the ABC overhead that you computed in 2 above
Overhead assigned Hours Rate Total

Job 320 400

Job 321 600







Job 320 Job 321


Direct materials


Direct labor


Overhead costs


Total costs assigned - -








Reference no: EM13449

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