Activity-bases costing to assign overhead costs

Assignment Help Accounting Basics
Reference no: EM13132744

S Corp uses the following activity rates from its activity-bases costing to assign overhead costs to products.

Activity cost pools Activity Rate
Setting up batches $96.01 per batch
Processing Customer Orders $21.72 per customer order
Assembling products $2.23 per assembly hour

Last year, Product J involved 48 batches, 22 customer orders and 395 assembly hours.

Required:

How much overhead cost would be assigned to Product J using the company's activity based costing system? Show your work.

Reference no: EM13132744

Questions Cloud

Elizabeth points-relation analysis : As part of her response to a question on an exam, Elizabeth points out the problems associated with the eating of a poulation. in this part of her response, Elizabeth is engaged in Witch one is correct is it  (A) Relation analysis or is (B) Ide..
What happens if cellulose is reacted with maleic anhydride : what happens if cellulose is reacted with maleic anhydride C4H2O3? Again, how is the cellulose molecule/structure altered and what are the reaction by-products?
Explain why the accounting treatment is different : Explain why the accounting treatment is different in the General Fund and governmental activities general journals.
Find the probability that model will be defective : Replace (or exchange) 10% of its model I and 18% of its model II. If a model is selected at random, find the probability that it will be defective.
Activity-bases costing to assign overhead costs : S Corp uses the following activity rates from its activity-bases costing to assign overhead costs to products.
Determine the total cost to redecorate the mayor offices : Overhead is applied to contracts by using a predetermined overhead rate that is based on direct professional labor cost. Actual professional labor during the year was $655,000 and actual overhead was $793,000.
Members of your learning team : You and the members of your Learning Team are employees of a criminal justice organization. Your team has been tasked with developing a change proposal in an attempt to convince senior management to implement the change initiative your team has chose..
Constructing lebesgue measure : How would the construction of the Lebesgue measure in R2 change if we assume at the beginning that the measure of the unit square [0, 1]Ã?[0, 1] is =2?
What are the direct labor costs for the period : Factory overhead costs for this period were 3 times as much as the direct material costs. Prime costs totaled $2,000. Conversion costs totaled $3,280. What are the direct labor costs for the period?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Gains and loss in corporation

Does a corporation recognize a gain or loss when it distributes property as a dividend or in a redemption? My text just goes on and on regarding these topics. Is there a reference on the above that is more concise?

  Preparing a list of pros and cons

Preparing a list of pros and cons do not mean just giving a definition of three entities. Your information presented should be structured toward their prospective business. Please make sure your responsive comprise the necessary references and rule..

  Principle payment of cash on a note payable

A business makes a principle payment of cash on a note payable. The note payable was originally issued for the purchase of equipment. Which of the following occurs?

  Evaluate the opportunity costs for damien chrysler

evaluate the opportunity costs for Damien Chrysler for failure to accept a proposal from within to manufacture a vehicle for the Indian market and suggest ways that opportunity cost can be minimized.

  Calculate the materials quantity variance for the period

Sand Soap Company management is analyzing the company's standard cost variances for direct materials for the most recent period. The following information was available from company records.

  Calculate the contribution margin for each product

Calculate breakeven volume in total dollars if the sales mix is 2 units of X for every 3 units of Y.

  How much revenue should shaw recognize related

prepare the journal entry (if any) to record the sale on January 2, 2012 shaw prepares an income statement for the first quarter of 2012, ending on March 31, 2012. How much revenue should Shaw recognize related to its sale to ricard?

  Definition of variable overhead efficiency variance

The part of the variable overhead budget variance due to the difference between actual hours required and standard hours allowed for work done is called the:

  What are the five components of internal control

How will the conduct of an audit of a medium-sized company be affected by the company's being a small part of a large conglomerate as compared with being a separate entity?

  Introducing the frequent buyer program

Draw Jim's budget line (throughout, please put coffee on the vertical axis)-Use a budget line-indifference curve map analysis to explain which pricing scheme Jim prefers.

  Caluculate the amount of dividends actually paid

Clifford Company's comparative balance sheet included dividends payable of $80,000 at December 31, 2009, and $100,000 at December 21, 2010. Dividends declared by Clliford during 2010 amounted to $400,000.

  Stockholders equity section problem

The stockholders' equity section of Milroy Corporation as of December 31, 2003, was as follows:

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