Question: would you please complete this question . i Safari File Edit View History Bookmarks Window Help mathxl.com Homework: Chapter 4 Homework (required) Save Score: 0.58

 would you please complete this question . i Safari File Edit

View History Bookmarks Window Help mathxl.com Homework: Chapter 4 Homework (required) Save

Score: 0.58 of 1 pt 6 of 7 (6 complete) HW Score:would you please complete this question .

i Safari File Edit View History Bookmarks Window Help mathxl.com Homework: Chapter 4 Homework (required) Save Score: 0.58 of 1 pt 6 of 7 (6 complete) HW Score: 76.4%, 5.35 of 7 pts E4-31B (similar to) Question Help Farrington Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturing activities that incur manufacturing overhead costs: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: EEE (Click the icon to view the budgeted costs and activity bases.) Farrington Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,000 parts, require 10 setups, and consume 1,500 hours of finishing time. Job 420 used 250 parts, required 4 setups, and consumed 120 finishing hours. Job 510 used 425 parts, required 5 setups, and consumed 330 finishing hours. Read the requirements. Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then compute the rate for each activity. Activity cost allocation rate $3per part Total activity overhead (est.) Total activity allocation base Mat. handling Mach setup$ Insertion 9,000 3,500 45,000 78,000 10 3,000 1,500 350 persetup 15 per part =S 52 per hour Requirement 2. Compute the manufacturing overhead oost that should be assigned to Job 420 Activity MOH Cost Materials handling Machine setup Insertion of parts Finishing Total Enter any number in the edit fields and then click Check Answer. part remaining Clear All Check Answer i Safari File Edit View History Bookmarks Window Help mathxl.com Homework: Chapter 4 Homework (required) Save Score: 0.58 of 1 pt 6 of 7 (6 complete) HW Score: 76.4%, 5.35 of 7 pts E4-31B (similar to) Question Help Farrington Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturing activities that incur manufacturing overhead costs: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: EEE (Click the icon to view the budgeted costs and activity bases.) Farrington Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,000 parts, require 10 setups, and consume 1,500 hours of finishing time. Job 420 used 250 parts, required 4 setups, and consumed 120 finishing hours. Job 510 used 425 parts, required 5 setups, and consumed 330 finishing hours. Read the requirements. Data Table Requirement 1. Compute the cost allocation rate for each activity. First ide Total activity overhead (est Total Total Budgeted 9,000 3,500 45,000 78,000 Requirement 2. Compute the manufacturing overhead oost that should be MOH Cost Mat. handling Mach setup$ Insertion Finishing Activity Materials handling Machine setup Insertion of parts Finishing Total Overhead Cost Allocation Base 9,000 3,500 45,000 78,000 $ 135,500 Number of parts Number of setups Number of parts Finishing direct labor hours Activity Materials handling Machine setup Insertion of parts Finishing Total Print Done Enter any number in the edit fields and then click Check Answer. part remaining Clear All Check Answer i Safari File Edit View History Bookmarks Window Help mathxl.com Homework: Chapter 4 Homework (required) Save Score: 0.58 of 1 pt 6 of 7 (6 complete) HW Score: 76.4%, 5.35 of 7 pts E4-31B (similar to) Question Help Farrington Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturing activities that incur manufacturing overhead costs: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: EEE (Click the icon to view the budgeted costs and activity bases.) Farrington Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,000 parts, require 10 setups, and consume 1,500 hours of finishing time. Job 420 used 250 parts, required 4 setups, and consumed 120 finishing hours. Job 510 used 425 parts, required 5 setups, and consumed 330 finishing hours. Read the requirements. Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then compute the rate for each activity. Total activity overhead (est Total Requirements Mat. handling Mach setup$ Insertion Finishing Requirement 2. Compute the manufacturing overhead oost that should 9,000 3,500 45,000 78,000 1. Compute the cost allocation rate for each activity 2. Compute the manufacturing overhead cost that should be assigned to Job 420 3. Compute the manufacturing overhead cost that should be assigned to Job 510. Print Done Activity MOH Cost Materials handling Machine setup Insertion of parts Finishing Total Enter any number in the edit fields and then click Check Answer. part remaining Clear All Check

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!