Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools: Estimated Activity Cost Pool Labor-related Machine-related Machine setups Production orders Product testing Packaging General factory overhead Cost $ 17,200 $ 4,000 $ 18,000 $ 10,500 $ 27,600 ३ 62,900 $ 57,600 Expected Activity 4,000 direct labor-hours 8,000 machine-hours 500 setups 300 ordera 1,200 tests 3,700 packages 4,000 direct labor-hours Required: 1. Compute the activity rate for each activity cost pool. (Round your answers to 2 decimal places.) Activity Cost Pool Labor-related Machine-related Activity Rate per DLH per MH Machine setups per setup Production orders per order Product testing per test Packaging per package General factory per DLH Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools: Estimated Overhead Cost $ 17,200 $ 4,000 $ 18,000 $ 10,500 $ 27,600 $ 62,900 $ 57,600 Expected Activity f,000 direct labor-hours ,000 machine-hours 500 setups 300 ordera Activity Cost Pool Labor-related Machine-related Machine setups Production orders Product testing Packaging General factory 1,200 testa 3,700 packages 4,000 direct labor-hours 2. Compute the company's predetermined overhead rate, assuming that the company uses a single plantwide predetermined overhead rate based on direct labor-hours. (Round your answer to 2 decimal places.) Predetermined overmead rate per DLH Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools: Estimated Activity Cost Pool Labor-related Machine-related Machine setups Production orders Product testing Packaging General factory overhead Cost $ 17,200 $ 4,000 $ 18,000 $ 10,500 $ 27,600 ३ 62,900 $ 57,600 Expected Activity 4,000 direct labor-hours 8,000 machine-hours 500 setups 300 ordera 1,200 tests 3,700 packages 4,000 direct labor-hours Required: 1. Compute the activity rate for each activity cost pool. (Round your answers to 2 decimal places.) Activity Cost Pool Labor-related Machine-related Activity Rate per DLH per MH Machine setups per setup Production orders per order Product testing per test Packaging per package General factory per DLH Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools: Estimated Overhead Cost $ 17,200 $ 4,000 $ 18,000 $ 10,500 $ 27,600 $ 62,900 $ 57,600 Expected Activity f,000 direct labor-hours ,000 machine-hours 500 setups 300 ordera Activity Cost Pool Labor-related Machine-related Machine setups Production orders Product testing Packaging General factory 1,200 testa 3,700 packages 4,000 direct labor-hours 2. Compute the company's predetermined overhead rate, assuming that the company uses a single plantwide predetermined overhead rate based on direct labor-hours. (Round your answer to 2 decimal places.) Predetermined overmead rate per DLH
Expert Answer:
Answer rating: 100% (QA)
C 1 1 3 Laborrelated 4 Machinerelated 5 Machine setups 6 Production ... View the full answer
Related Book For
Introduction to Managerial Accounting
ISBN: 978-0078025792
7th edition
Authors: Peter Brewer, Ray Garrison, Eric Noreen
Posted Date:
Students also viewed these accounting questions
-
Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools: Required: 1. Compute the activity rate...
-
For 7a-c, use u1= 4. Round your answers to the nearest thousandth. a. For a geometric series with r = 0.7, find S10 and S40. b. For r = 1.3, find S10 and S40. c. For r = 1, find S10 and S40. d. Graph...
-
The Eaton Company is a national manufacturer of consumer goods and is looking at purchasing a new computer system that will result in a reduction in total operating costs. The purchase cost of the...
-
Use the information in Figure to answer the following questions: a. What is the six-month forward rate for the Japanese yen in yen per U.S. dollar? Is the yen selling at a premium or a discount?...
-
You are working on a consumer perception study of four brands of bicycles. You will need to develop measurement questions and scales to accomplish the tasks listed below. Be sure to explain which...
-
Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. What do the productivity figures suggest? Assume 40-hour weeks and an hourly wage of $ 12....
-
Which of the following is least likely to be a reason why the career paths available to information systems auditors are often limited? a. Many organizations have only a few information systems audit...
-
Company P has internally generated net income of $250,000 (excludes share of subsidiary income). Company P has 100,000 shares of outstanding common stock. Subsidiary Company S has a net income of...
-
What is meant by Section 1983? What are the pros and cons of giving police qualified immunity from Section 1983 lawsuits? Should police have any immunity at all? What are the three categories of...
-
On May 31, O'Hearn Limited had a cash balance per books of $13,400. The bank statement from Community Bank on that date showed a balance of $15,230. A comparison of the bank statement with the...
-
Come up with four different amenities to send to each of the above guests. Here are the rules: Although you do not have to cost the amenity, each amenity should cost the hotel no more than $40...
-
What type of HR and diversity policy strategy should the company implement in Saudi Arabia? What cultural elements/taxonomies/frameworks influence how each company operates? How are they reflected in...
-
Write a short analysis of this story. Your analysis can beformal or informal - referencing is optional. Analyse selectedstory and, using (1) the techniques and any analytical tools andmethods, as you...
-
Write a java program to display first highest element from array.
-
Description of region/country with a focus on business related content Form of government with your opinion of political and legal stability Methods to offset international trade risk that would be...
-
CHAPTER 16 Learning Objective 2 S-F:16-9 Computing the change in cash; identifying non-cash transactions Jennifer's Wedding Shops earned net income of $27,000, which included deprecia of $16,000....
-
Airline Reservation Assignment Okay In this programming class we have been woking on developing a program that allows the user to select a class and then it will assign the user to a seat in that...
-
Determine two different Hamilton circuits in each of the following graphs. A B F G
-
CommercialServices.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below: Sales . . . . . . . . . . . . . . . . . . . . . . . . . ....
-
Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations: a. The budgeted selling price per unit is $70....
-
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales. . . . . . . . ....
-
Alpa Shah has the following financial details as at 30 June 2013. Required: Alpa Shahs total net assets as at 30 June 2013. Non-current assets Current assets 100,000 Current liabilities 30,000 50,000...
-
Jill Jenkins has the following financial details as at 31 December 2012. Required: Jill Jenkins net current assets as at 31 December 2012. Inventory 18,000 Cash 4,000 Trade receivables 8,000 Trade...
-
What is a sole trader and why is it important for the sole trader to prepare a set of financial statements?
Study smarter with the SolutionInn App