Required information Heidelberg Fabrication manufactures two products, G-09 and G-35: G-09 Units produced 18,300 G-35 3,660...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6648b86898a53_8326648b8683585f.jpg)
Transcribed Image Text:
Required information Heidelberg Fabrication manufactures two products, G-09 and G-35: G-09 Units produced 18,300 G-35 3,660 Direct materials cost per unit Machine-hours per unit $ 7 4 $ 19 7 Production runs per quarter 144 72 Production at the plant is automated and any labor cost is included in overhead. Data on manufacturing overhead at the plant follow: Machine depreciation Setup labor Materials handling Total $ 98,820 49,410 39,528 $187,758 Required: a. Heidelberg currently applies overhead on the basis of machine-hours. What is the predetermined overhead rate for the quarter? Note: Round your answer to 2 decimal places. b. Heidelberg is thinking of adopting an ABC system. They have tentatively chosen the following cost drivers: machine-hours for machine depreciation, production runs for setup labor, and direct material dollars for materials handling. Compute the cost driver rates for the proposed system at Heidelberg. a. Overhead rate b. Machine depreciation b. Setup labor b. Materials handling per machine hour per machine hour per production run % direct material cost Required information Heidelberg Fabrication manufactures two products, G-09 and G-35: G-09 Units produced 18,300 G-35 3,660 Direct materials cost per unit Machine-hours per unit $ 7 4 $ 19 7 Production runs per quarter 144 72 Production at the plant is automated and any labor cost is included in overhead. Data on manufacturing overhead at the plant follow: Machine depreciation Setup labor Materials handling Total $ 98,820 49,410 39,528 $187,758 Required: a. Heidelberg currently applies overhead on the basis of machine-hours. What is the predetermined overhead rate for the quarter? Note: Round your answer to 2 decimal places. b. Heidelberg is thinking of adopting an ABC system. They have tentatively chosen the following cost drivers: machine-hours for machine depreciation, production runs for setup labor, and direct material dollars for materials handling. Compute the cost driver rates for the proposed system at Heidelberg. a. Overhead rate b. Machine depreciation b. Setup labor b. Materials handling per machine hour per machine hour per production run % direct material cost
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Turtle Creek Partnership had the following revenues, expenses, gains, losses, and distributions Sales revenue Long-term capital gains Cost of goods sold Depreciation-MACRS $ 59,000 $ 3,300) $...
-
Use the Target Corporations annual report in Appendix B to answer the following questions. Required a. What is the par value per share of Targets stock? b. How many shares of Targets common stock...
-
How does a borderless marketplace (economic globalization) affect you personally?
-
The notes to financial statements present information on significant accounting policies, complex or special transactions, details of reported amounts, commitments, contingencies, segments, quarterly...
-
Coras Music manufactures harmonicas. Cora uses standard costs to judge performance. Recently, a clerk mistakenly threw away some of the records, and only partial data for September exist. Cora knows...
-
I am not sure of how to explain this or what to say. Imagine researchers were examining the relationship between SAT scores of students entering a top-ranked college and their GPA during their first...
-
Jack wanted to renew his provisional sales associate license, but he was short on his required CE hours. Six months later, Jack wanted to reinstate the license. What would he have to do ?
-
Evalue ! d2 , 2(2+in) , where c is circle. 12+3:1 F1 by using cauchy's Integral. formula.
-
In Europe, the floor of a building at ground level is called the ground floor. What is called the second floor in America is called the first floor in Europe, and so on. (a) If an elevator in a tall...
-
13. The company you work for has downsized and you have lost your job. You receive a severance package of $65 000 and decide to invest it for retirement, earning an average of 7% per year. It has...
-
1. What is Network? 2. Define Computer Network? 3. Define Internet or internetwork? 4. What is distributed system? 5. What is meant by Middleware? 6. What is meant by World Wide Web (WWW)? 7. Mention...
-
Thomas Burberry is credited with investing gabardine fabric in the 1850s. The Burberry trademark is registered in more than ninety(90) countries around the world, and the companys signature plaid...
-
A small co-operative craft workshop makes two types of table : a standard rectangular table and a deluxe circular table. The market can absorb as many of either types of table as the workshop can...
-
H.J. Heinzs annual dividends were as follows: 1990 ..............$0.540 1991.............. 0.620 1992 .............. 0.700 1993.............. 0.780 1994 .............. 0.860 1995 .............. 0.940...
-
Why do bond issuers accept restrictive covenants?
-
What is the difference between a fixed-rate and a floating-rate bond?
-
What are high-yield bonds? What is their role in financing firms?
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App