Question: Freedom Corp. has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Designing products $1,200,000 7,900 product design

Freedom Corp. has provided the following data from its activity-based costing system:

Activity Cost Pool Total Cost Total Activity

Designing products $1,200,000 7,900 product design hours

Setting up batches $35,000 700 batch set-ups

Assembling products $100,000 6,500 assembly hours

Assume that Freedom recently completed job #333C with the following details:

1,000 product design hours

35 batch set-ups

400 assembly hours.

Using the ABC system, how much total manufacturing overhead cost would be assigned to job #333C?

(A) $159,802.58 (B) $134,798.21 (C) $178,921.21 (D) Impossible to know without having a PhD in accounting!

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Freedom Corp. has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Designing products $1,200,000 7,900 product design hours Setting up...

Q:

20Q Session 2A. Still typing the remaining questions...Thanks!.......... 1. Maxx Inc. has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total...

Q:

Attached are questions I need assistance with. Can you place them in a excel sheet with formaulas? Question 1 Maxx Inc. has provided the following data from its activity-based costing system:...

Q:

QUESTIONS 1-Maxx Inc has provided the following data from its activity-based costing system: Activity cost pools Total cost Total activity Designing products $387600 6550 product design hours Setting...

Q:

Question 1 Maxx Inc. has provided the following data from its activity-based costing system: Activity Cost Pools Total Cost Total Activity Designing products $378,600 6,420 product design hours...

Q:

4 Harris Company produces a single product. Last year, Harris manufactured 17,000 units and sold 13,000 units. Production costs for the year were as follows: $ Direct materials 153,000 Direct labour...

Q:

7 Lakes Corporation has provided the following data from its activity-based costing system: Activity Cost Pools Total Cost Total Activity Designing products $1,909,928 9,896 product design hours...

Q:

7 Lakes Corporation has provided the following data from its activity-based costing system: Activity Cost Pools Total Cost Total Activity Designing products $1,909,928 9,896 product design hours...

Q:

7 Lakes Corporation has provided the following data from its activity-based costing system: Activity Cost Pools Total Cost Total Activity Designing products $1,909,928 9,896 product design hours...

Q:

Question 1 (1 point) Maxx Inc. has provided the following data from its activity-based costing system: Activity Cost Pools Total Cost Total Activity Designing products $384,600 6,530 product design...

Q:

There are two periods: 0 and 1. A newly formed company wants to invest in an apple tree, which produces apples only at period 1. There are three states at period 1: good, fair and bad and the tree...

Q:

A public accounting firm employs 10 full-time professionals who provide services to clients. All professional labour compensation is traced directly to clients on a per professional labour-hour...

Q:

3 Where would a preference shareholder go to ascertain the rights attaching to the shares? A To the share certificate. B To the share certificate and the memorandum of association. C To the articles...

Q:

A hula hoop and solid disc of equal radii are rolled, from rest and without slipping, down an incline plane. Which one will reach the bottom of the inclined plane first? Explain.

Q:

In a job order costing system, what key documents support the cost accu mulation process? LO1.

Q:

In choosing a product costing system, what are the three valuation method alternatives? Explain how these methods differ. LO1.

Q:

Job order costing information helps support man agement decision making by assisting managers in their planning, controlling, decision making, and performance evaluating functions. allowing...