Using the following information, determine the overhead rates and the actual cost assigned for each of the
Question:
WATERWAYS CORPORATION
WATERWAYS CORPORATION
Machining (all machine use)
Customer orders
Transcribed Image Text:
WATERWAYS CORPORATION Estlmated Expected overheadU Cost Drlvers Actual Use of Actlvity Cost Pools Use of Cost Drlvers Drivers per Activity Irrigation installation Machining (all machine use) Machine hours Customer orders Design Selling Labor cost $1,998,432 12,960 1,670,400 33,408,00033,409,000 30,636 820 12,941 Number of orders Cost per design Number of sales calls350,400 2,520 2,553 8 21,900 22,100 WATERWAYS CORPORATION Estlmated Expected overheadU Cost Drlvers Actual Use of Actlvity Cost Pools Use of Cost Drlvers Drivers per Activity Irrigation installation Machining (all machine use) Machine hours Customer orders Design Selling Labor cost $1,998,432 12,960 1,670,400 33,408,00033,409,000 30,636 820 12,941 Number of orders Cost per design Number of sales calls350,400 2,520 2,553 8 21,900 22,100 WATERWAYS CORPORATION Estlmated Expected overheadU Cost Drlvers Actual Use of Actlvity Cost Pools Use of Cost Drlvers Drivers per Activity Irrigation installation Machining (all machine use) Machine hours Customer orders Design Selling Labor cost $1,998,432 12,960 1,670,400 33,408,00033,409,000 30,636 820 12,941 Number of orders Cost per design Number of sales calls350,400 2,520 2,553 8 21,900 22,100
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (20 reviews)
The activity based overhead rates and actual costs assigned are calculated below Activity cost poo...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Question Posted:
Students also viewed these Cost Accounting questions
-
Direct labor or machine hours may not be the appropriate cost driver for overhead in all areas of manufacturing due to the complexities of many manufacturing processes. Many companies use...
-
Fine Industries uses activity-based costing to assist management in setting prices for the company's three major product lines. The following information is available: Compute the activity-based...
-
Greer Company provides architectural services for mall development companies. The following data are available for 2016. Activity Cost Pool Estimated Overhead Expected Use of Cost Driver per Activity...
-
August 8, 2019, was a grim day at the San Francisco headquarters of Uber, the global leader in ride-hailing companies. That day it announced a staggering loss of $5.2 billion in just the previous 3...
-
At December 31, 2011, Marquis Corporation had 100,000 shares of common stock issued and outstanding, 60,000 of which had been issued and outstanding throughout the year and 40,000 of which had been...
-
Hitzu Co. sold a copier costing $4,800 with a two-year parts warranty to a customer on August 16, 2017, for $6,000 cash. Hitzu uses the perpetual inventory system. On November 22, 2018, the copier...
-
The following elements of stockholders' equity are adapted from the balance sheet of Volvo Marketing Corp. Volvo paid no preferred dividends in 2008 Requirement Compute the dividends to preferred and...
-
Oregon Company disclosed the following information for its recent calendar year. Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000 Expenses Salaries expense . . . . . . . . ....
-
one year from now. If the school\'s endowment discount rate is 8 % , what amount must you donate to endow the scholarship? Question content area bottom Part 1 The amount you must donate to endow the...
-
A vertical 12-cm diameter piston - cylinder device contains an ideal gas at the ambient conditons of 1 bar and 24oC. Initially, the inner face of the piston is 20 cm from the base of the cylinder....
-
The authors identify various elements that make up a culture (e.g. religion, aesthetics, dietary preferences, etc.). Choose one of these elements and describe it. Provide an example of how this...
-
The comparative financial statements of Chattah Inc. are as follows. The market price of Chattah Inc. common stock was $25 on December 31, 2012. Instructions: Determine the following measures for...
-
In your own words, define what is meant by time dilation in special relativity theory. Provide a similar definition for length contraction. Give an example in which the effects of time dilation are...
-
East Hills Ltd began business on 1 July 2015 with each of the two owners contributing $20000 cash. The company paid $2200 in advance for a two-year lease of its retail premises. Inventory worth $3500...
-
Turku Services Company had a cash profit for its first year in business of $67 450 and an accrual profit of $49 860. Show how the two amounts reconcile, using the following information: 1....
-
Big Ideas Ltd decided to buy parts of a competitor's business, which was cutting back operations. For a price of $4.2 million ($1 million down payment and the rest in four equal annual instalments,...
-
Revesby Ltd started business on 1 July 2016 and had the following transactions on 1 July: a. Issued 500 000 shares of $1 for $500 000 cash. b. Bought equipment for $400 000, paying cash. The...
-
The following data is extracted from the accounting records of ABC Limited at 30 June 2016. What is the balance of current liabilities at 30 June 2016? $ Equipment Accounts receivable 400 000 90000...
-
On the first day of the fiscal year, a company issues a $5,300,000, 8%, the five-year bond that pays semiannual interest of $212,000 ($5,300,000 8% ), receiving cash of $5,520,390. Journalize the...
-
5. Convert the following ERD to a relational model. SEATING RTABLE Seating ID Nbr of Guests Start TimeDate End TimeDate RTable Nbr RTable Nbr of Seats RTable Rating Uses EMPLOYEE Employee ID Emp...
-
Define each of the following terms: a. Capital structure; business risk; financial risk b. Operating leverage; financial leverage, breakeven point c. Reserve borrowing capacity
-
What term refers to the uncertainty inherent in projections of future ROIC?
-
What term refers to the uncertainty inherent in projections of future ROIC?
-
what ways does cognitive diversity contribute to more effective decision-making processes, and how can organizations leverage this to achieve competitive advantages in a globalized market ?
-
On January 1, 2020 Zappa Enterprises sold 8%, 20-year bonds with a face amount of $1,200,000 for $1,140,000. Interest is payable annually on January 1. Calculate the carrying value of the bond at...
-
2. The polynomial z+az + bz-65 has a factor of (-2-31) Find the values of the real constants and b.
Study smarter with the SolutionInn App