User Account

All Pages

Calculate the manufacturing overhead cost per metal

Assignment Help Financial Management
Reference no: EM132318364

Question : Two- Stage ABC for Manufacturing

Meridian Company has determined its activity cost pools and cost drivers to be the following:

Cost Pools

Setup .......................... $77,000

Material handling......... 12,800

Machine operation....... 280,000

Packing........................ 84,000

Total indirect manufacturing costs......$ 453,800

Cost drivers

Setups................350

Material moves....640

Machine hours....20,000

Packing orders.... 1,200

One product made by Meridian, metal casements, used the following activities during the period to produce 500 units:

Setups 20

Material moves 80

Machine hours 1,900

Packing orders 150

(a) Calculate the cost per unit of activity for each activity cost pool.

Setup $_______

Material handling $______

Material operation $_______

Packing $________

(b) Calculate the manufacturing overhead cost per metal casement manufactured during the period. Round your answer to the nearest cent. $_______

Reference no: EM132318364

Questions Cloud

How many of the criteria does a lease need to meet : List and describe the four criteria for a lease to be considered a capital lease. How many of the criteria does a lease need to meet?
What is an example of a gain contingency : What is an example of a gain contingency? What is the accounting treatment for gain contingencies? Please discuss the rationale for this approach.
Contract laborers get deductions for social security : Form W-2 is the Employees Wage and Tax Statement which must be sent to employees no later than Jan. 31 of the following year the earnings were paid.
Ethical issues in healthcare practice : Create a brochure that explains the types of care provided by Vibrant Valley and the different roles and responsibilities of the healthcare providers
Calculate the manufacturing overhead cost per metal : Calculate the manufacturing overhead cost per metal casement manufactured during the period. Round your answer to the nearest cent.
Describe pros and cons of continuing nursing education : This is a Collaborative Learning Community (CLC) assignment.In your CLC group, create a PowerPoint presentation of 15 slides in which you compare the pros.
What are the advantages of transferring property : What are the advantages of transferring property to a corporation rather than investing cash? Are there any downsides to this type of transaction?
Describe the factors that contribute to the health issue : Prepare a 3-4 page report on a critical health issue in a community or state. Describe the factors that contribute to the health issue and interventions.
Explain the influence of altruism on global health : Develop a 6-8 page, APA-formatted article on a global health topic for publication. Describe the factors that impact health and health care delivery.

Reviews

Write a Review

Financial Management Questions & Answers

  What was the cash flow to stockholders for the year

The December 31, 2013, balance sheet of Schism, Inc., showed $120,000 in the common stock account and $2,120,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed $135,000 and $2,380,000 in the same two accounts, ..

  Considering replacing it primary machine press

Your company is considering replacing it primary machine press. how many years must the new machine be operational to justify replacing the old press.

  Using the two stage dividend discount model

Calculate the intrinsic value of stock HIG using the two stage dividend discount model.

  Share stock price be immediately after the distribution

The following data apply to Grullon-Ikenberry Inc. Value of operations $1000 Short – term investments $100 Debt $300 Number of shares 100 The company plans to distribute $50 as dividend payments. What will the intrinsic per share stock price be immed..

  How much must you pay each month

How much must you pay each month? How much total interest will you pay?

  What is the bonds nominal annual yield to call

What is the bond's current yield? What is the bond's nominal annual yield to call (YTC)?

  Bond with an annual coupon rate

Suppose you bought a bond with an annual coupon rate of 5 percent one year ago for $815. The bond sells for $870 today. Assuming a $1,000 face value, what was your total dollar return on this investment over the past year? What was your total nominal..

  Discuss the impact on the firm balance sheet

What will be the company’s stock price following the stock split? How many shares will be outstanding? Discuss the impact on the firm’s balance sheet.

  How long does it take to quadruple your money

At 5.75 percent interest, how long does it take to double your money? how long does it take to quadruple your money?

  What is a reamortized loan

What is a reamortized loan?

  Considering remodeling your kitchen

You are considering remodeling your kitchen, where the estimated cost is $45,000.

  What was your relationship to money growing up

What is one of your biggest money-related mistakes that you've made? What did you learn from it, and what do you do differently now?

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