Question: Data Table X More Info Estimated Total Manufacturing Estimated Total Usage Overhead Costs of Cost Driver Activity Machine setup. During May, Ron and Allison Ming


Data Table X More Info Estimated Total Manufacturing Estimated Total Usage Overhead Costs of Cost Driver Activity Machine setup. During May, Ron and Allison Ming machined and assembled Job 484. Ron worked a total of 12 hours on the job, while Allison worked 4 hours on the job. Ron is paid a $25 per hour wage rate, while Allison is paid $32 per hour because of her additional experience level. Direct materials requisitioned for Job 484 totaled $1,125. The following additional information was collected on Job 484: The job required 3 machine setups, 5 machine hours, and 2 quality control tests. 140,300 3,050 setups 866,250 4,950 machine hours 382,500 4,500 tests run Machining Quality control Print D Done Print Done Requirements 1. 2. Compute the activity cost allocation rates for the year. Complete the job cost record for Job 484. Print Done Activate Ming Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year. (Click the icon to view activities, total costs, and cost drivers.) (Click the icon for additional information.) Read the requirements 1. Compute the activity cost allocation rates for the year. (Round your answers to the nearest whole dollar.) First determine the formula to compute the allocation rate for the activity-based cost rate, then calculate the rate for each activity. Activity cost allocation rate Machine setups - per setup Machining per machine hour Quality control per QC test 2. Complete the following job cost record for Job 484. Job Cost Record Manufacturing JOB 484 Costs Direct material Direct labor Manufacturing overhead Total job cost
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