Rex Industries has identified three different activities as cost drivers machine setups, machine hours, and inspections The overhead and estimated usage are Compute the overhead rate for each activity Round your answers to two decimal places Activity Overhead per Activity Annual Usage Overhead Rate per Activity Machine Setups $145,350 3,800 $fill in the blank 1 Machine Hours 324,622 14,114 $fill in the blank 2 Inspections 122,400 3,600 $fill in the blank 3

The Answer is in the image, click to view ...

Question: Rex Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Compute the overhead

Rex Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are:

Compute the overhead rate for each activity. Round your answers to two decimal places.

Activity	Overhead per Activity	Annual Usage	Overhead Rate per Activity
Machine Setups	$145,350	3,800	$fill in the blank 1
Machine Hours	324,622	14,114	$fill in the blank 2
Inspections	122,400	3,600	$fill in the blank 3

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 Accounting Questions!

Question 10 1 pts Rex Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Rex Industries data...

Rex Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Compute the overhead rate for each...

Rex Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Potterii sells its products to large...

EA 8. LO 6.3 Rex Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Compute the overhead rate...

EA 8 . LO 6 . 3 Rex Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Compute the overhead...

Rocks Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Activity Overhead per Activity Annual...

Rocks Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Compute the overhead rate for each...

What is the total cost of the job given the following level of activity? A new order for 1,000 desks was just placed. Direct labor is $20/hr. Hometown Solar makes 2 sizes of solar lights; small and...

A three-year magazine subscription costing $136 may be cancelled at any time, and a prorated refund will be made for the remaining weekly issues. If Juanita cancels her subscription after receiving...

A deposit of X is made into a fund that pays an effective annual interest rate of 6% for 10 years. At the same time, X/2 is deposited in another fund that pays an annual effective discount rate of d...

Personal financial statements usually consist of A statement of financial condition and a statement of cash flows A statement of financial condition and income statement A statement of financial...

High barriers to entry benefit the overall profitability and increase the attractiveness of an industry. True False

Discuss why a linkage between an organizations human resource development needs and its mission and strategy is so important.

Assume you were hired to manage a research department. After a few weeks, you noticed that some researchers were more effective than others and that the less effective ones received little...

For each of the following occupations, which training techniques do you recommend? Why? 1.. A cashier in a grocery store 2.. A welder 3.. An assembly-line worker 4.. An inexperienced supervisor