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AleksAgata [21]
3 years ago
15

Prescott expects to produce 225,000 basic models and 225,000 professional models. Compute the predetermined overhead allocation

rates using activity-based costing. How much overhead is allocated to the basic model? To the professional model?Estimated overhead cost / Estimated qty of the allocation base= Predetermined OH Basic Model Professional ModelManufacturing overhead assembly 264800 195200Manufacturing overhead packaging 55200 227700Total manufacturing overhead cost 320000 422900

Business
1 answer:
DedPeter [7]3 years ago
6 0

Answer and Explanation:

The Calculation of Predetermined OH Rate is shown below:

For Materials Handling, it is

= Estimated Overhead Costs ÷ Estimated allocated base Quantity  

= $54,000 ÷ 96

= $562.50 per part

For Machine Setup, it is

= Estimated Overhead Costs ÷ Estimated allocated base Quantity

= $204,000 ÷ 60

= $3,400 per setup

For Insertion of Parts, it is

= Estimated Overhead Costs ÷ Estimated allocated base Quantity  

= $486,000 ÷ 96

= $5,062.50 per part

Now  

Calculation of allocated OH is

For Basic Model:

Allocated OH is

= $562.50 × 32 + $3,400 × 20 + $5,062.50 × 32

= $248,000

For Professional Model:

Allocated OH is

= $562.50 × 64 + $3,400 × 40 + $5,062.50 × 64

= $496,000

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A firm uses a standard costing system and allocates variable overhead costs based on direct labor hours. The annual budget proje
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Your answer is given below:

Explanation:

Statement showing Computations  

         Paticulars                                                                             Amount

Variable overhead cost per unit =100,000/1,000                   100.00

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Actual Variable overhead             75,000.00

Variable overhead spending variance= Standard VO - Actual VO  

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3 years ago
Hammes Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and
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c. $191 Favorable

Explanation:

                                  Flexible budget   Planning budget   Activity variance

Units produced              5,510 units            5,500 units

Revenue                         $237,481               $237,050

Total Expenses              ($207,340)            ($207,100)

Net Operating Income   $30,141                  $29,950                $191 F

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Planning budget expenses = $75,100 + $24*5500 = $207,100

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