Question Details
Hickory Company manufactures two productsAc???14,000 units of
Product Y and 6,000 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 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 Z:
|
| Activity Cost
Pool | Activity
Measure |
Estimated Overhead Cost |
Expected Activity | ||
| Machining | Machine-hours | $ | 200,000
| 10,000 | MHs |
| Machine setups | Number of setups | $ |
100,000 | 200 | setups |
| Production
design | Number of products | $ |
84,000 | 2 | products |
| General factory | Direct labor-hours | $ | 300,000
| 12,000 | DLHs |
| Activity
Measure | Product Y | Product Z |
| Machine-hours | 7,000 | 3,000 |
| Number of
setups | 50 | 150 |
| Number of
products | 1 | 1 |
| Direct
labor-hours | 8,000 | 4,000 |
rev: 10_24_2014_QC_57437
1.
value:
0.66 points
| Required: |
| What is the companyAc??cs plantwide
overhead rate? |
ask your instructor a questioncheck my workreferencesebook &
resources
2.
value:
0.66 points
| Required: |
Using the plantwide overhead rate, how much manufacturing
overhead cost is allocated to Product Y and Product Z?
|
ask your instructor a questioncheck my workreferencesebook &
resources
3.
value:
0.66 points
| Required: |
| What is the activity rate for
the Machining activity cost pool? |
ask your instructor a questioncheck my workreferencesebook &
resources
4.
value:
0.66 points
| Required: |
| What is the activity rate for
the Machine Setups activity cost pool? |
ask your instructor a questioncheck my workreferencesebook &
resources
5.
value:
0.66 points
| Required: |
| What is the activity rate for
the Product Design activity cost pool? |
ask your instructor a questioncheck my workreferencesebook &
resources
6.
value:
0.66 points
| Required: |
| What is the activity rate for
the General Factory activity cost pool? |
ask your instructor a questioncheck my workreferencesebook &
resources
7.
value:
0.66 points
| Required: |
| Which of the four activities is
a batch-level activity? |
| General factory activity | |
| Machine setups activity | |
| Product design activity | |
| Machining activity |
ask your instructor a questioncheck my workreferencesebook &
resources
8.
value:
0.66 points
| Required: |
| Which of the four activities is
a product-level activity? |
| Machining activity | |
| Product design activity | |
| General factory activity | |
| Machine setups activity |
ask your instructor a questioncheck my workreferencesebook &
resources
9.
value:
0.66 points
| Required: |
Using the ABC system, how much total manufacturing overhead cost
would be assigned to Product Y? (Do not round intermediate
calculations.)
|
rev: 10_24_2014_QC_57437
ask your instructor a questioncheck my workreferencesebook &
resources
10.
value:
0.66 points
| Required: |
Using the ABC system, how much total manufacturing overhead cost
would be assigned to Product Z? (Do not round intermediate
calculations.)
|
rev: 10_24_2014_QC_57437
ask your instructor a questioncheck my workreferencesebook &
resources
11.
value:
0.66 points
| Required: |
| Using the plantwide overhead
rate, what percentage of the total overhead cost is allocated to
Product Y and Product Z? (Round your "Percentage" answer to
1 decimal place. (i.e. .1234 should be entered as
12.3)) |
ask your instructor a questioncheck my workreferencesebook &
resources
12.
value:
0.66 points
| Required: |
| Using the ABC system, what
percentage of the Machining costs is assigned to Product Y and
Product Z? |
ask your instructor a questioncheck my workreferencesebook &
resources
13.
value:
0.66 points
| Required: |
| Using the ABC system, what
percentage of Machine Setups cost is assigned to Product Y and
Product Z? |
ask your instructor a questioncheck my workreferencesebook &
resources
14.
value:
0.66 points
| Required: |
| Using the ABC system, what
percentage of the Product Design cost is assigned to Product Y and
Product Z? |
ask your instructor a questioncheck my workreferencesebook &
resources
15.
value:
0.76 points
| Required: |
| Using the ABC system, what
percentage of the General Factory cost is assigned to Product Y and
Product Z? (Round your "Percentage" answer to 1 decimal
place. (i.e. .1234 should be entered as 12.3)) |
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DATE ANSWEREDDec 08, 2020
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