hours. At the beginning of 20x1, the company estimated that
manufacturing overhead would be $500,000, and machine hours would
total 20,000. By 20x1 year-end, actual overhead totaled $550,000,
and actual machine hours were 25,000. On the basis of this
information, the 20x1 predetermined overhead rate was:
- 1 Metalica Company Applies Overhead Based On Machine Hours At The Beginning Of 20x1 The Company Estimated That Manuf 1 (22.7 KiB) Viewed 47 times
- 1 Metalica Company Applies Overhead Based On Machine Hours At The Beginning Of 20x1 The Company Estimated That Manuf 2 (151.9 KiB) Viewed 47 times
as a:
- 1 Metalica Company Applies Overhead Based On Machine Hours At The Beginning Of 20x1 The Company Estimated That Manuf 3 (19.32 KiB) Viewed 47 times
- 1 Metalica Company Applies Overhead Based On Machine Hours At The Beginning Of 20x1 The Company Estimated That Manuf 4 (116.78 KiB) Viewed 47 times
- 1 Metalica Company Applies Overhead Based On Machine Hours At The Beginning Of 20x1 The Company Estimated That Manuf 5 (20.96 KiB) Viewed 47 times
The following selected data were taken from the accounting records of Colorado Enterprises: Month May June July August Machine Hours 49,000 61,200 74,000 55,000 Manufacturing Overhead $ 919,000 1,142,000 1,338,100 986,000 Manufacturing overhead consists of three different costs; (1) machine supplies (variable), (2) property taxes (fixed), and (3) plant maintenance (semivariable). July's overhead costs were $173,500 for machine supplies, $24,600 for property taxes, and $1,140,000 for plant maintenance. Required: A. Determine the machine supplies and property taxes for May. B. By using the high-low method, analyze Colorado's plant maintenance cost and calculate the monthly fixed portion and the variable cost per machine hour. C. Assume that present cost behavior patterns continue into future months. Estimate the total amount of manufacturing overhead the company can expect in September if 57,200 machine hours are worked. For all requirements, round intermediate rate calculations to 2 decimal places and all other intermediate calculations to the nearest whole dollar. Round your final answers for "Variable plant maintenance" to 2 decimal places and all other calculations to the nearest whole dollar. A. Machine supplies Property taxes B. Plant maintenance in May Variable plant maintenance Fixed plant maintenance C. Manufacturing overhead per hour
O step-fixed cost. O step-variable cost. O semivariable cost. O curvilinear cost. O discretionary cost.
Barnett Products manufactures three types of remote-control devices: Economy, Standard, and Deluxe. The company, which uses activity-based costing, has identified five activities (and related cost drivers). Each activity, its budgeted cost, and related cost driver is identified below. Activity Material handling Material insertion Automated machinery Finishing Packaging Total Cost $ 231,000 2,487,000 846,000 182,000 182,000 $3,928,000 Cost Driver Number of parts Number of parts Machine hours Direct labor hours Orders shipped The following information pertains to the three product lines for next year: Economy 11,200 1,120 22 13 Standard 6,200 620 Units to be produced Orders to be shipped Number of parts per unit Machine hours per unit Labor hours per unit Deluxe 3,200 320 37 27 15 17 14 14 14 What is Barnett's pool rate for the material-insertion activity?
$4.67 per part O $21.01 per part $6.70 per labor hour. O $13.00 per part None of the answers is correct.