6 Required information The following Information applies to the questions displayed below. Hickory Company manufactures
Posted: Thu Apr 28, 2022 10:52 am
6 Required information The following Information applies to the questions displayed below. Hickory Company manufactures two products--15,000 units of Product Y and 7,000 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 $571.200 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 2 Part of 0132 tiity Control Machining Machine stupo Product design Cederal factory Estimated Overhead expected Metivity Meme Coot Activity Machine-hours $ 210,100 11,000 Number of stupe $ 45,100 110 stupe Number of products $75,000 2 product Direct labor-hours $241,000 13,200 DI look Mensure Machine-hour Number of setup Number of products Direct laber-hours Product Product 6.100 4,900 50 1 1 7.100 6.100 6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.) Avity per DLH
7. Which of the four activities is a batch-level activity? O Product design activity O Machining activity O General factory activity O Machine setups activity
8. Which of the four activities is a product-level activity? O Machining activity O Machine setups activity O Product design activity O General factory activity
9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round all intermediate calculations to 2 decimal places.) Total manufacturing overhead cool
10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? Total manufacturing overhand cost
7. Which of the four activities is a batch-level activity? O Product design activity O Machining activity O General factory activity O Machine setups activity
8. Which of the four activities is a product-level activity? O Machining activity O Machine setups activity O Product design activity O General factory activity
9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round all intermediate calculations to 2 decimal places.) Total manufacturing overhead cool
10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? Total manufacturing overhand cost