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Irina-Kira [14]
3 years ago
5

Berk Company produces three products: Tic, Tac, and Toe. Tic requires 160 machine setups, Tac requires 150 setups, and Toe requi

res 190 setups. Berk has identified an activity cost pool with allocated overhead of $32,000 for which the cost driver is machine setups. How much overhead is assigned to the Tic product?
Business
1 answer:
Reika [66]3 years ago
6 0

Answer:

Overhead assigned to Tic= $10,240

Explanation:

<em>Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.  </em>

<em>Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers. </em>

Activity rate per driver is calculated as:

Activity overhead for the period / Total cost drivers for the period

Set -up activity  overhead = $32,000

Total expected cost drivers for activity set up  = sum of the set ups for the three products

Total set ups= 160 +150 + 190 = 500  set ups

Overhead rate per set up

= $32,000/500 set ups

= $64  per set up

Overhead assigned to Tic = Overhead rate per set up × No of setups for TIC

= $64  per setup ×160=$10,240

Overhead assigned to Tic= $10,240

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Alaskan foodstuffs just announced the annual dividend for this coming year will be $0.36 a share and all future dividends are ex
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