Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Total Cost Estimated Cost Driver Activity Cost Pools of Pool Cost Driver Machining 69,500 $236,300 Number of machine hours 58,725 Number of design hours 71,350 Number of batches Designing costs Setup costs 6,750 500 Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Product A Product B Product C Number of machine hours 35,000 9,500 25,000 2,700 Number of design hours Number of batches 1,550 2,500 50 180 270 Required: Using activity rates, determine the amount of overhead assigned to each product. (Do not round intermediate calculations.) Total Overhead Assigned Product A Product B Product C Required: 1. Using activity proportions, determine the amount of overhead assigned to each product. (Do not round your intermediate calculations. Round your final answers to nearest whole number.) Total Overhead Assigned Product A Product B Product C Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Total Cost Estimated Cost Driver Activity Cost Pools of Pool Cost Driver Machining 69,500 $236,300 Number of machine hours 58,725 Number of design hours 71,350 Number of batches Designing costs Setup costs 6,750 500 Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Product A Product B Product C Number of machine hours 35,000 9,500 25,000 2,700 Number of design hours Number of batches 1,550 2,500 50 180 270 Required: Using activity rates, determine the amount of overhead assigned to each product. (Do not round intermediate calculations.) Total Overhead Assigned Product A Product B Product C Required: 1. Using activity proportions, determine the amount of overhead assigned to each product. (Do not round your intermediate calculations. Round your final answers to nearest whole number.) Total Overhead Assigned Product A Product B Product C
Expert Answer:
Answer rating: 100% (QA)
Answer 1 Calculation of activity rates Activity rate Total costTotal estimated ... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
Students also viewed these accounting questions
-
Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Required: 1. Compute the activity rate for each activity. Round to three decimal...
-
Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool $250,600...
-
The treasurer of Kelly Bottling Company (a corporation) currently has $200,000 invested in preferred stock yielding 10 percent. He appreciates the tax advantages of preferred stock and is considering...
-
Power Company acquired 80 percent of Solar Company's outstanding common stock for $200,000 cash on January 2, 2021. The two companies continued to operate as separate entities after the combination....
-
Doctors Mowtain, Lawrence, and Curley are radiologists living in Yukville, Maine. They realize that many of the states small, rural hospitals cannot afford to purchase their own magnetic resonance...
-
When 79.3 g of a particular compound is dissolved in 0.878 kg of water at 1 atm pressure, the solution freezes at 1.34C. If the compound does not undergo ionization in solution and is nonvolatile,...
-
Compute the expected frequencies. Exercises 49 refer to the following data: Electric motors are assembled on four different production lines. Random samples of motors are taken from each line and...
-
If five people from the same organization calculated manufacturing cycle efficiency for one specific process, would each compute the same MCE? Why or why not?
-
On December 31, 2020, Holmes Company has $7,000,000 of short-term debt in the form of notes payable to Gotham State Bank due in 2021. On December 28, 2020, Holmes enters into a refinancing agreement...
-
The Sports and Co-curriculum Department of Pejabat Pelajaran Negeri Pahang is responsible in managing pupils across the state of Pahang who are talented in sports to bring them forward to compete in...
-
6.a) Compare and Contrast website and web server.
-
In a dataset with 500 numbers in it, about how many of them would you expect to begin with the digit 8, based on Benford's law.
-
2. Convert the following numbers- 16 a. (67F) 16 = decimal b. (999.999) 16 base 10 c. (32660.1012), = decimal d. (5D9.B8)16 = base 2 e. (564), = binary f. (101 1101 1001. 1011 1000);= base 16 g....
-
What is a source that supports one firm raising prices, the other firms will likely follow suit to stay competitive. However, if one firm lowers prices, the other firms will also lower their prices...
-
1. Write for statement to print out output as below. 1 times 2 - 2 2 times 2 = 4 3 times 2 6 4 times 2 = 8 5 times 2 = 10 6 times 2 = 12 7 times 2 = 14 8 times 2 = 16 9 times 2 = 18 10 times 2 = 20...
-
Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax's sales are for credit (no cash is...
-
Discuss the role of the 21st century corporation. Does it exist to make money, or should a business serve the needs of the society? Can you provide examples of companies in both cases?
-
Find the radius of convergence of? 1.2.3 1.3.5 (2n-1) r2n+1 -1
-
Investment Turnover Krall Company recently had a computer malfunction and lost a portion of its accounting records. The company has reconstructed some of its financial performance measurements...
-
Think about all of the choices you make on a day-to-day basis: everything from driving versus riding a bike to school or deciding where to have lunch. Pick three decisions you have made today....
-
Why is a contribution margin income statement more useful to managerial decision makers than the income statement intended for external users?
-
The W \(8 \times 24\) simply supported beam is made of A-36 steel and is subjected to the loading shown. Determine the displacement of its center \(C\). A 6 kip/ft C -8 ft- -8 ft- 5 kip-ft B
-
The simply supported beam is subjected to a uniform load of \(2 \mathrm{kip} / \mathrm{ft}\). Code restrictions, due to a plaster ceiling, require the maximum displacement not to exceed \(1 / 360\)...
-
Determine the slope at \(B\) and the displacement of point \(C\) of the simply supported beam. Take \(E=200 \mathrm{GPa}\) and \(I=45.5\left(10^{6} ight) \mathrm{mm}^{4}\). A -3 m 10 kN 9 kN/m C 3 m B
Study smarter with the SolutionInn App