*Brief Exercise 17-7 Hollins, Inc., a manufacturer of computer chips, employs activity-based costing. The budgeted data...

 

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*Brief Exercise 17-7 Hollins, Inc., a manufacturer of computer chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2014. Expected Use of Estimated Overhead $ 102,816 Cost Drivers per Activity 483,882 1,650,600 Activity Cost Pools Ordering and receiving 14,400 orders Etching 57,400 machine hours. Soldering 420,000 labor hours For 2014, the company had 11,600 orders and used 49,200 machine hours, and labor hours totaled 497,900. Calculate the overhead rates for each activity. (Round answers to 2 decimal places, e.g. $12.25.) Overhead Rates Ordering and receiving Etching Soldering What is the total overhead applied? Total Overhead Applied per order per machine hour per labor hour *Brief Exercise 17-7 Hollins, Inc., a manufacturer of computer chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2014. Expected Use of Estimated Overhead $ 102,816 Cost Drivers per Activity 483,882 1,650,600 Activity Cost Pools Ordering and receiving 14,400 orders Etching 57,400 machine hours. Soldering 420,000 labor hours For 2014, the company had 11,600 orders and used 49,200 machine hours, and labor hours totaled 497,900. Calculate the overhead rates for each activity. (Round answers to 2 decimal places, e.g. $12.25.) Overhead Rates Ordering and receiving Etching Soldering What is the total overhead applied? Total Overhead Applied per order per machine hour per labor hour

Answer rating: 100% (QA)

Solution Qa Calculation of overhead cost each activity Overhead rates Orde... View the full answer