Triathlon Cycles specializes in producing touring bicycles but has recently ventured into producing mountain bicycles too....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Triathlon Cycles specializes in producing touring bicycles but has recently ventured into producing mountain bicycles too. The company provides the following cost information. Mountain Touring Activity Cost pool Direct materials per unit Bicycle 1,000 300 $ 75,000 Bicycle 2,200 Total direct labor cost 700 Total manufacturing overhead $ 180,000 Number of units 200 units 400 units Knowledge Check 01 What is the manufacturing overhead allocated to each mountain bicycle? $450 O $900 $375 O $187.50 Knowledge Check 02 What is the total manufacturing costs of one touring bicycle? O $1,675 $3,800 $3,088 O $3,350 Triathlon Cycles specializes in producing touring bicycles but has recently ventured into producing mountain bicycles too. The company provides the following cost information. Mountain Touring Activity Cost pool Direct materials per unit Bicycle 1,000 300 $ 75,000 Bicycle 2,200 Total direct labor cost 700 Total manufacturing overhead $ 180,000 Number of units 200 units 400 units Knowledge Check 01 What is the manufacturing overhead allocated to each mountain bicycle? $450 O $900 $375 O $187.50 Knowledge Check 02 What is the total manufacturing costs of one touring bicycle? O $1,675 $3,800 $3,088 O $3,350
Expert Answer:
Answer rating: 100% (QA)
1 Total Manufacturing Overhead of Mountain cycle 75000 Number of Mountain bicycles 200 Ma... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
Students also viewed these accounting questions
-
The company provides the following information: a). All purchases of inventory were on account .b). Sales for the year were 972,000 c). The cost of goods sold for the year was 402,000 Compute how...
-
Please fill in the missing spots in this income statement. Accounting 102 Chapter 15 Sales Direct Materials Direct Labor Overhead Total Manufacturing Costs Work in Process - January 1 Work in Process...
-
Mountain Cycles Inc. reported a number of special items on its income statement. The following data, listed in no particular order, came from Mountain's financial statements (amounts in thousands):...
-
The Illinois State University Alumni Association is having two Baseball Day events this year. The purpose of the events is to both foster relationships between ISU alums and to also raise money for...
-
Briefly explain the difference between segment margin and net operating income.
-
Alternately, Mrs Salma believes that the risk can be managed by a more balanced allocation between the low-default-risk loan types (Furniture and Second Home Mortgages) and the high-default-risk loan...
-
For each of the following situations, calculate a \(95 \%\) confidence interval for the mean ( \(\sigma\) known), beginning with the step, "Identify the critical value of \(z\)." X 50.00, X = 3.00 X...
-
An importer of childrens toys, Fun N Games, Inc., receives a price quotation from a German toy maker offering toy train sets: KBG train sets. Locomotive. Four cars. Transformers. Thirty pieces of...
-
On January 1, 2021, Company borrows $30,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $8,857, consisting of accrued interest and principal on December...
-
On 1st November 2022 Giogio Makali a maize farmer offered to sell his maize harvest totaling 2500, 90kg bags to XYZ Ltd a milling company at K.Shs.3,000/= per bag through email, which email indicated...
-
A pack of iron bolts is such that the difference in masses or weights of successive sizes is the same bolt being of mass 13.5 grams and the largest is 94.5 grams. If the total mass of the complete...
-
As the new PM, what are the first 3 actions you will take to ensure the project's success? Do not discuss outcomes, for example, team engagement. Instead discuss the specific actions you will take to...
-
Provide a competitive landscape for the company. identified competitors are Magic Cleaners and Dolphin Dry Cleaners. Question 1 1. Identify where Stephen cleaners excel and differentiate themselves...
-
Based on the book disrupt yourself by jessica Johnson, how would a mid level director of a hospital disrupt themselves if they have to now drive 1.5 hours to a small rural hospital and work among...
-
Identify at least five skills you have obtained through your general education courses that will make you successful at this job. Demonstrate with at least two examples how your newly acquired...
-
Explain one unique aspect of emotional intelligence and its impact on leadership development in your organizations or institutions.
-
Discuss a minimum of two complex systems that you have encountered in your profession. Define why you think that they were complex. What makes a system complex? Why? Provide specific examples.
-
Using a graphing utility, graph y = cot -1 x.
-
Tree Comfort Specialists, Inc. reported the following stockholders equity on its balance sheet at June 30, 2014: Requirements 1. Identify the different classes of stock that Tree has outstanding. 2....
-
Refer to the OBrien Realty bonds payable in Short Exercise. In exercise, On December 31, 2014, when the market interest rate is 10%, OBrien Realty issues $ 800,000 of 7.25%, 10-year bonds payable....
-
Give the journal entry for the completion of a job. How is the accounting equation affected?
-
What are the numbers of observations in each of the five categories that rate the respondents level of job satisfaction?
-
Which of the seven store departments had the most customer visits, and what was this number?
-
How many individuals are in each of the five different credit card categories?
Study smarter with the SolutionInn App