11. Several years after reengineering its production process, Zippy Corporation hired a new controler, Denise French....

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11. Several years after reengineering its production process, Zippy Corporation hired a new controler, Denise French. (Cick the icon to view additional information.) The number of parts is now a feasible allocation base because Zippy recently installed a plantwide computer system, Zippy produces two wheel models. Standard and Deluxe Budgeted data for the upcoming year are as For the upcoming year, Zippy's budgeted ABC manufacturing overhead allocation rates are as follows 2 (Click the icon to view the additional data) follows (Click the icon to view the additional data.) Read the reguirements Requirement 1. Compute the totai budgeted manufacturing overhead cost for the upooming year. (Enter the rates to two decimal places ) Zippy Corporation Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity Cost Total Budgeted Activity Cost Allocation Base Allocation Rate Indirect Cost Materials handling Machine setups Insertion of parts Finishing Total budgeted indirect cost Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC. (Round the cost allocation base to three decimals and cost per wheel to the nearest cent) Zippy Corporation ABC Indirect Manufacturing Cost per Unit Cost Quantity of Cost Allocation Allocated Activity Activity Allocation Rate Base Used By: Cost Per Wheel Standard Deluxe Standard Deluxe Materials handling Machine setup Insertion of parts Finishing Total ABC allocated indirect oost Requirement 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system. Begin by identifying the formula to compute the current plantwide manufacturing overhead rate, then compute the rate. (Round your answer to the nearest cent) (1) (2) Plantwide overhead rate per DL hour %3D Now use the plantwide overhead rate to determine the manufacturing overhead cost per wheel (Round your answers to the nearest cent) (3) (4) Manufacturing overhead %3D Standard Deluxe 1: More Info She developed an ABC system very similar to the one used by Zippy's chief rival. Part of the reason French developed the ABC system was because Zippy's profits had been decining even though the company had shifted its product mix toward the product that had appeared most profitable under the old system. Before adopting the new ABC system, the company had used a plantwide overhead rate based on direct labor hours that was developed years ago 2: Data Table Activity Cost Activity Allocation Base Allocation Rate Materials handling Number of parts 3.00 per part $ 375.00 per setup $ 28.00 per part Finishing direct labor hours $ 5.00 per hour Machine setup... Number of satups Insertion of parts ..... Number of parts Finishing.. 3: Data Tabie Standard Deluxe Parts per wheel. 4.0 6.0 Sotupa per 1,000 wheels. 20.0 20.0 Finishing direct labor hours per wheol.... 1.2 2.6 Total direct lobor hours per wheel 2.1 3.9 The company's managers expect to produce 1,000 units of each model during the year. 11. Several years after reengineering its production process, Zippy Corporation hired a new controler, Denise French. (Cick the icon to view additional information.) The number of parts is now a feasible allocation base because Zippy recently installed a plantwide computer system, Zippy produces two wheel models. Standard and Deluxe Budgeted data for the upcoming year are as For the upcoming year, Zippy's budgeted ABC manufacturing overhead allocation rates are as follows 2 (Click the icon to view the additional data) follows (Click the icon to view the additional data.) Read the reguirements Requirement 1. Compute the totai budgeted manufacturing overhead cost for the upooming year. (Enter the rates to two decimal places ) Zippy Corporation Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity Cost Total Budgeted Activity Cost Allocation Base Allocation Rate Indirect Cost Materials handling Machine setups Insertion of parts Finishing Total budgeted indirect cost Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC. (Round the cost allocation base to three decimals and cost per wheel to the nearest cent) Zippy Corporation ABC Indirect Manufacturing Cost per Unit Cost Quantity of Cost Allocation Allocated Activity Activity Allocation Rate Base Used By: Cost Per Wheel Standard Deluxe Standard Deluxe Materials handling Machine setup Insertion of parts Finishing Total ABC allocated indirect oost Requirement 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system. Begin by identifying the formula to compute the current plantwide manufacturing overhead rate, then compute the rate. (Round your answer to the nearest cent) (1) (2) Plantwide overhead rate per DL hour %3D Now use the plantwide overhead rate to determine the manufacturing overhead cost per wheel (Round your answers to the nearest cent) (3) (4) Manufacturing overhead %3D Standard Deluxe 1: More Info She developed an ABC system very similar to the one used by Zippy's chief rival. Part of the reason French developed the ABC system was because Zippy's profits had been decining even though the company had shifted its product mix toward the product that had appeared most profitable under the old system. Before adopting the new ABC system, the company had used a plantwide overhead rate based on direct labor hours that was developed years ago 2: Data Table Activity Cost Activity Allocation Base Allocation Rate Materials handling Number of parts 3.00 per part $ 375.00 per setup $ 28.00 per part Finishing direct labor hours $ 5.00 per hour Machine setup... Number of satups Insertion of parts ..... Number of parts Finishing.. 3: Data Tabie Standard Deluxe Parts per wheel. 4.0 6.0 Sotupa per 1,000 wheels. 20.0 20.0 Finishing direct labor hours per wheol.... 1.2 2.6 Total direct lobor hours per wheel 2.1 3.9 The company's managers expect to produce 1,000 units of each model during the year. 11. Several years after reengineering its production process, Zippy Corporation hired a new controler, Denise French. (Cick the icon to view additional information.) The number of parts is now a feasible allocation base because Zippy recently installed a plantwide computer system, Zippy produces two wheel models. Standard and Deluxe Budgeted data for the upcoming year are as For the upcoming year, Zippy's budgeted ABC manufacturing overhead allocation rates are as follows 2 (Click the icon to view the additional data) follows (Click the icon to view the additional data.) Read the reguirements Requirement 1. Compute the totai budgeted manufacturing overhead cost for the upooming year. (Enter the rates to two decimal places ) Zippy Corporation Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity Cost Total Budgeted Activity Cost Allocation Base Allocation Rate Indirect Cost Materials handling Machine setups Insertion of parts Finishing Total budgeted indirect cost Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC. (Round the cost allocation base to three decimals and cost per wheel to the nearest cent) Zippy Corporation ABC Indirect Manufacturing Cost per Unit Cost Quantity of Cost Allocation Allocated Activity Activity Allocation Rate Base Used By: Cost Per Wheel Standard Deluxe Standard Deluxe Materials handling Machine setup Insertion of parts Finishing Total ABC allocated indirect oost Requirement 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system. Begin by identifying the formula to compute the current plantwide manufacturing overhead rate, then compute the rate. (Round your answer to the nearest cent) (1) (2) Plantwide overhead rate per DL hour %3D Now use the plantwide overhead rate to determine the manufacturing overhead cost per wheel (Round your answers to the nearest cent) (3) (4) Manufacturing overhead %3D Standard Deluxe 1: More Info She developed an ABC system very similar to the one used by Zippy's chief rival. Part of the reason French developed the ABC system was because Zippy's profits had been decining even though the company had shifted its product mix toward the product that had appeared most profitable under the old system. Before adopting the new ABC system, the company had used a plantwide overhead rate based on direct labor hours that was developed years ago 2: Data Table Activity Cost Activity Allocation Base Allocation Rate Materials handling Number of parts 3.00 per part $ 375.00 per setup $ 28.00 per part Finishing direct labor hours $ 5.00 per hour Machine setup... Number of satups Insertion of parts ..... Number of parts Finishing.. 3: Data Tabie Standard Deluxe Parts per wheel. 4.0 6.0 Sotupa per 1,000 wheels. 20.0 20.0 Finishing direct labor hours per wheol.... 1.2 2.6 Total direct lobor hours per wheel 2.1 3.9 The company's managers expect to produce 1,000 units of each model during the year. 11. Several years after reengineering its production process, Zippy Corporation hired a new controler, Denise French. (Cick the icon to view additional information.) The number of parts is now a feasible allocation base because Zippy recently installed a plantwide computer system, Zippy produces two wheel models. Standard and Deluxe Budgeted data for the upcoming year are as For the upcoming year, Zippy's budgeted ABC manufacturing overhead allocation rates are as follows 2 (Click the icon to view the additional data) follows (Click the icon to view the additional data.) Read the reguirements Requirement 1. Compute the totai budgeted manufacturing overhead cost for the upooming year. (Enter the rates to two decimal places ) Zippy Corporation Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity Cost Total Budgeted Activity Cost Allocation Base Allocation Rate Indirect Cost Materials handling Machine setups Insertion of parts Finishing Total budgeted indirect cost Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC. (Round the cost allocation base to three decimals and cost per wheel to the nearest cent) Zippy Corporation ABC Indirect Manufacturing Cost per Unit Cost Quantity of Cost Allocation Allocated Activity Activity Allocation Rate Base Used By: Cost Per Wheel Standard Deluxe Standard Deluxe Materials handling Machine setup Insertion of parts Finishing Total ABC allocated indirect oost Requirement 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system. Begin by identifying the formula to compute the current plantwide manufacturing overhead rate, then compute the rate. (Round your answer to the nearest cent) (1) (2) Plantwide overhead rate per DL hour %3D Now use the plantwide overhead rate to determine the manufacturing overhead cost per wheel (Round your answers to the nearest cent) (3) (4) Manufacturing overhead %3D Standard Deluxe 1: More Info She developed an ABC system very similar to the one used by Zippy's chief rival. Part of the reason French developed the ABC system was because Zippy's profits had been decining even though the company had shifted its product mix toward the product that had appeared most profitable under the old system. Before adopting the new ABC system, the company had used a plantwide overhead rate based on direct labor hours that was developed years ago 2: Data Table Activity Cost Activity Allocation Base Allocation Rate Materials handling Number of parts 3.00 per part $ 375.00 per setup $ 28.00 per part Finishing direct labor hours $ 5.00 per hour Machine setup... Number of satups Insertion of parts ..... Number of parts Finishing.. 3: Data Tabie Standard Deluxe Parts per wheel. 4.0 6.0 Sotupa per 1,000 wheels. 20.0 20.0 Finishing direct labor hours per wheol.... 1.2 2.6 Total direct lobor hours per wheel 2.1 3.9 The company's managers expect to produce 1,000 units of each model during the year. 11. Several years after reengineering its production process, Zippy Corporation hired a new controler, Denise French. (Cick the icon to view additional information.) The number of parts is now a feasible allocation base because Zippy recently installed a plantwide computer system, Zippy produces two wheel models. Standard and Deluxe Budgeted data for the upcoming year are as For the upcoming year, Zippy's budgeted ABC manufacturing overhead allocation rates are as follows 2 (Click the icon to view the additional data) follows (Click the icon to view the additional data.) Read the reguirements Requirement 1. Compute the totai budgeted manufacturing overhead cost for the upooming year. (Enter the rates to two decimal places ) Zippy Corporation Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity Cost Total Budgeted Activity Cost Allocation Base Allocation Rate Indirect Cost Materials handling Machine setups Insertion of parts Finishing Total budgeted indirect cost Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC. (Round the cost allocation base to three decimals and cost per wheel to the nearest cent) Zippy Corporation ABC Indirect Manufacturing Cost per Unit Cost Quantity of Cost Allocation Allocated Activity Activity Allocation Rate Base Used By: Cost Per Wheel Standard Deluxe Standard Deluxe Materials handling Machine setup Insertion of parts Finishing Total ABC allocated indirect oost Requirement 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system. Begin by identifying the formula to compute the current plantwide manufacturing overhead rate, then compute the rate. (Round your answer to the nearest cent) (1) (2) Plantwide overhead rate per DL hour %3D Now use the plantwide overhead rate to determine the manufacturing overhead cost per wheel (Round your answers to the nearest cent) (3) (4) Manufacturing overhead %3D Standard Deluxe 1: More Info She developed an ABC system very similar to the one used by Zippy's chief rival. Part of the reason French developed the ABC system was because Zippy's profits had been decining even though the company had shifted its product mix toward the product that had appeared most profitable under the old system. Before adopting the new ABC system, the company had used a plantwide overhead rate based on direct labor hours that was developed years ago 2: Data Table Activity Cost Activity Allocation Base Allocation Rate Materials handling Number of parts 3.00 per part $ 375.00 per setup $ 28.00 per part Finishing direct labor hours $ 5.00 per hour Machine setup... Number of satups Insertion of parts ..... Number of parts Finishing.. 3: Data Tabie Standard Deluxe Parts per wheel. 4.0 6.0 Sotupa per 1,000 wheels. 20.0 20.0 Finishing direct labor hours per wheol.... 1.2 2.6 Total direct lobor hours per wheel 2.1 3.9 The company's managers expect to produce 1,000 units of each model during the year. 11. Several years after reengineering its production process, Zippy Corporation hired a new controler, Denise French. (Cick the icon to view additional information.) The number of parts is now a feasible allocation base because Zippy recently installed a plantwide computer system, Zippy produces two wheel models. Standard and Deluxe Budgeted data for the upcoming year are as For the upcoming year, Zippy's budgeted ABC manufacturing overhead allocation rates are as follows 2 (Click the icon to view the additional data) follows (Click the icon to view the additional data.) Read the reguirements Requirement 1. Compute the totai budgeted manufacturing overhead cost for the upooming year. (Enter the rates to two decimal places ) Zippy Corporation Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity Cost Total Budgeted Activity Cost Allocation Base Allocation Rate Indirect Cost Materials handling Machine setups Insertion of parts Finishing Total budgeted indirect cost Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC. (Round the cost allocation base to three decimals and cost per wheel to the nearest cent) Zippy Corporation ABC Indirect Manufacturing Cost per Unit Cost Quantity of Cost Allocation Allocated Activity Activity Allocation Rate Base Used By: Cost Per Wheel Standard Deluxe Standard Deluxe Materials handling Machine setup Insertion of parts Finishing Total ABC allocated indirect oost Requirement 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system. Begin by identifying the formula to compute the current plantwide manufacturing overhead rate, then compute the rate. (Round your answer to the nearest cent) (1) (2) Plantwide overhead rate per DL hour %3D Now use the plantwide overhead rate to determine the manufacturing overhead cost per wheel (Round your answers to the nearest cent) (3) (4) Manufacturing overhead %3D Standard Deluxe 1: More Info She developed an ABC system very similar to the one used by Zippy's chief rival. Part of the reason French developed the ABC system was because Zippy's profits had been decining even though the company had shifted its product mix toward the product that had appeared most profitable under the old system. Before adopting the new ABC system, the company had used a plantwide overhead rate based on direct labor hours that was developed years ago 2: Data Table Activity Cost Activity Allocation Base Allocation Rate Materials handling Number of parts 3.00 per part $ 375.00 per setup $ 28.00 per part Finishing direct labor hours $ 5.00 per hour Machine setup... Number of satups Insertion of parts ..... Number of parts Finishing.. 3: Data Tabie Standard Deluxe Parts per wheel. 4.0 6.0 Sotupa per 1,000 wheels. 20.0 20.0 Finishing direct labor hours per wheol.... 1.2 2.6 Total direct lobor hours per wheel 2.1 3.9 The company's managers expect to produce 1,000 units of each model during the year.

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Answer 1 Zippy Corporation Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity ... View the full answer