Based on the expected data below, answer the following questions: Data Indirect Labour Other Overheads Expected...

 

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Based on the expected data below, answer the following questions: Data Indirect Labour Other Overheads Expected Direct Labour Hours - Product A Expected Direct Labour Hours - Product B Expected Machine Hours - Product A Expected Machine Hours - Product B Value A 2,250,000 750,000 90,000 60,000 3,000 12,000 Based on the data enter your answers without dollar signs, commas, periods or percentage signs. For example for $123,456.00 enter 123456 and for 75% enter 75 Note round all dollar amounts to the nearest dollar. For example$5,875.76 would be entered as 5876 1 What would the traditional overhead rate be in a labour intensive firm? A 2 What would the traditional overhead rate be in a capital-intensive firm? 3 Using traditional costing, how much overhead would be allocated to total inventory? A 4 Using activity-based costing, how much overhead would be allocated to total inventory? A 5 Using traditional costing, how much overhead would be allocated to Product A which is primarily a function of direct labour hours? A/ 6 Using activity based costing, what are the rates for labour activity A 7 Using activity based costing, how much overhead would be allocated to Product B which is primarily a function of machine hours Based on the expected data below, answer the following questions: Data Indirect Labour Other Overheads Expected Direct Labour Hours - Product A Expected Direct Labour Hours - Product B Expected Machine Hours - Product A Expected Machine Hours - Product B Value A 2,250,000 750,000 90,000 60,000 3,000 12,000 Based on the data enter your answers without dollar signs, commas, periods or percentage signs. For example for $123,456.00 enter 123456 and for 75% enter 75 Note round all dollar amounts to the nearest dollar. For example$5,875.76 would be entered as 5876 1 What would the traditional overhead rate be in a labour intensive firm? A 2 What would the traditional overhead rate be in a capital-intensive firm? 3 Using traditional costing, how much overhead would be allocated to total inventory? A 4 Using activity-based costing, how much overhead would be allocated to total inventory? A 5 Using traditional costing, how much overhead would be allocated to Product A which is primarily a function of direct labour hours? A/ 6 Using activity based costing, what are the rates for labour activity A 7 Using activity based costing, how much overhead would be allocated to Product B which is primarily a function of machine hours

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SOLUTION To answer the questions we need to calculate the overhead rates and allocate overhead based on the given data Lets go through each question s... View the full answer