Suppose Tulsa Medical Supply Company were to use a single predetermined overhead rate based on machine hours. Compute the rate per hour. Under the approach in requirement 3, how much overhead would be assigned to the medical-testing agent order? In total. Per box of testing agent.
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Suppose Tulsa Medical Supply Company were to use a single predetermined
overhead rate based on machine hours. Compute the rate per hour. -
Under the approach in requirement 3, how much overhead would be assigned to the medical-testing agent order?
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In total.
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Per box of testing agent.
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- "The controller for Tulsa Medical Supply Company has established the following activity cost pools and cost drivers. Activity Cost Pool Budgeted Overhead cost Cost Driver Budgeted Level for cost Driver Pool Rate Machine Setups $250,000 Number of Setups 125 $2,000 per setup Material Handling 75,000 Weight of Raw Material 37,500 Lb. $2 per pound Hazardous Waste Control 25,000 Weight of hazardous Chemical used 5,000 Lb. $5 per pound Quality Control 75,000 Numbers of Inspections 1,000 $75 per inspection Other Overhead cost 200,000 Machine Hours 20,000 $10 per hours Total $625,000 An order for 1,000 boxes of medical-testing agent has the following production requirements Machine setups ...............................................................................................5 setups Raw material .........................................................................................10,000…"The controller for Tulsa Medical Supply Company has established the following activity cost pools and cost drivers. Activity Cost Pool Budgeted Overhead cost Cost Driver Budgeted Level for cost Driver Pool Rate Machine Setups $250,000 Number of Setups 125 $2,000 per setup Material Handling 75,000 Weight of Raw Material 37,500 Lb. $2 per pound Hazardous Waste Control 25,000 Weight of hazardous Chemical used 5,000 Lb. $5 per pound Quality Control 75,000 Numbers of Inspections 1,000 $75 per inspection Other Overhead cost 200,000 Machine Hours 20,000 $10 per hours Total $625,000 An order for 1,000 boxes of medical-testing agent has the following production requirements Machine setups ...............................................................................................5 setups Raw material .........................................................................................10,000…"The controller for Tulsa Medical Supply Company has established the following activity cost pools and cost drivers. Activity Cost Pool Budgeted Overhead cost Cost Driver Budgeted Level for cost Driver Pool Rate Machine Setups $250,000 Number of Setups 125 $2,000 per setup Material Handling 75,000 Weight of Raw Material 37,500 Lb. $2 per pound Hazardous Waste Control 25,000 Weight of hazardous Chemical used 5,000 Lb. $5 per pound Quality Control 75,000 Numbers of Inspections 1,000 $75 per inspection Other Overhead cost 200,000 Machine Hours 20,000 $10 per hours Total $625,000 An order for 1,000 boxes of medical-testing agents has the following production requirements Machine setups ...............................................................................................5 setups Raw material .........................................................................................10,000…
- Riverbed Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pools Ordering and Receiving Machine Setup Machining Assembly Inspection Budget $ Cost Driver Orders Setups Machine hours Deluxe $ Parts Inspections Overhead cost per unit Est. Overhead $144,000 311,400 1,023,000 1,624,000 314,000 per unit Est. Use of Cost Drivers Budget per unit 600 500 150,000 1.200,000 550 Deluxe 400 Compute the overhead cost per unit for each product. Production is 700.000 units of Budget and 200.000 units of Deluxe. (Round per machine hour and per part values to 3 decimal places, eg 52.711. Round overhead cost per unit to 2 decimal places, e.g. 12.25 and cost assigned to 0 decimal places, eg. 2,500.) 400 100,000 800,000 450ABC Company is exploring ways to allocate the cost of service departments such as Quality Control and Maintenance to the production department such as Machining and Assembly. The controller of the company has provided the following information: Quality Control Maintenance MachiningAssembly Total Budgeted overhead costs P350,000 before allocation P200,000 P400,000P300,000P1,250,000 Budgeted machine hours 50,000 hours50,000 hours Budgeted direct labor hours 25,000 hours 25,000 hours Budgeted hours of service of quality control 7.000 hours21,000 hours 7.000 hours 35,000 hours Budgeted hours of service of maintenance 10.000 hours18,000 hours 12,000 hours 40,000 hours Under the step-down method of allocating service department costs from quality control to maintenance, what is the total service cost allocated to the assembly department?ABC Company is exploring ways to allocate the cost of service departments such as Quality Control and Maintenance to the production department such as Machining and Assembly. The controller of the company has provided the following information: Quality Control Maintenance Machining Assembly Total Budgeted overhead costs before allocation P350,000 P200,000 P400,000 P300,000 P1,250,000 Budgeted machine hours - - 50,000 hours - 50,000 hours Budgeted direct labor hours - - - 25,000 hours 25,000 hours Budgeted hours of service of quality control - 7,000 hours 21,000 hours 7,000 hours 35,000 hours Budgeted hours of service of maintenance 10,000 hours - 18,000 hours 12,000 hours 40,000 hours Under the step-down method of allocating service department costs from quality control to maintenance, what is the total service cost allocated to the assembly department?
- Pronghorn Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Activity Cost Pools Ordering and Receiving Machine Setup Machining Assembly Inspection Budget Cost Driver $ Orders Deluxe $ Setups Machine hours Parts Inspections Overhead cost per unit Est. Overhead $143,000 per unit 309,600 1,022,000 per unit 1,622,000 313,000 Est. Use of Cost Drivers Budget 600 500 150,000 1,200,000 550 Deluxe Compute the overhead cost per unit for each product. Production is 700,000 units of Budget and 200,000 units of Deluxe. (Round per machine hour and per part values to 3 decimal places, eg. 52.711. Round overhead cost per unit to 2 decimal places, e.g. 12.25 and cost assigned to 0 decimal places, e.g. 2,500.) 400 400 100,000 800,000 450 SUPPOplease answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Question Content Area Activity rates and product costs using activity-based costing Idris Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Activity BudgetedActivity Cost Activity Base Casting $640,000 Machine hours Assembly 125,000 Direct labor hours Inspecting 30,000 Number of inspections Setup 28,000 Number of setups Materials handling 20,000 Number of loads Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow: Activity Base Entry Dining Total Machine hours 7,500 12,500 20,000…The pool rate is defined as the cost per unit of the cost driver for a particular activity cost pool. Group of answer choices True False Rocket 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 Cost Cost Driver Material handling $ 225,000 Number of parts Material insertion 2,475,000 Number of parts Automated machinery 840,000 Machine hours Finishing 170,000 Direct labor hours Packaging 170,000 Orders shipped Total $ 3,880,000 The following information pertains to the three product lines for next year: Economy Standard Deluxe Units to be produced 10,000 5,000 2,000 Orders to be shipped 1,000 500 200 Number of parts per unit 10 15 25 Machine…
- Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below. Procurement Scheduling Materials handling Product development Production Disk drives Tape drives Wire drives Activity Cost $378,400 221,900 402,900 770,700 Number of engineering changes 1,402,800 Machine hours Number of Purchase Orders Activity Base Number of purchase orders Number of production orders Number of moves 4,160 2,100 11,100 Production Orders Number of Number of Moves 250 175 1,200 540 860 4,300 The activity rate for the materials handling cost pool is Oa. $63.76 per move Ob. $21.8 per move Oc. $172.68 per move Od. $66.71 per move Number of Engineering Machine Changes Hours 15 2,500 5 9,200 10,300 27 Number of Units 1,600 4,300 2,000Accounting QuestionABC Company is exploring ways to allocate the cost of service departments such as Quality Control and Maintenance to the production department such as Machining and Assembly. The controller of the company has provided the following information: Quality Maintenance Machining Assembly Total Control Budgeted overhead costs P350,000 P200,000 P400,000 P300,000 P1,250,000 before allocation Budgeted 50,000 hours 50,000 hours machine hours Budgeted direct labor 25,000 hours 25,000 hours hours Budgeted hours of 7,000 hours 21,000 hours 7,000 hours 35,000 hours service of quality control Budgeted hours of 10,000 hours 18,000 hours 12,000 hours 40,000 hours service of maintenance Under the step-down method of allocating service department costs from quality control to maintenance, what is the total service cost allocated to the machining department?