1

Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures...

Question

Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures...

Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two typeRequired 1 Required 2 Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead basedRequired 1 Required 2 In January of this year, the Deluxe model required 2,500 direct labor hours and the basic model require

Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types of go- karts: Deluxe and Basic Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costs $ 670,000 945,000 150,000 220,000 345,000 120,000 Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models Required: 1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. In January of this year, the Deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. Assign overhead costs to each model using the single plantwide overhead rate. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours.
Required 1 Required 2 Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. Required 1 Required 2 >
Required 1 Required 2 In January of this year, the Deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. Assign overhead costs to each model using the single plantwide overhead rate. (Round "OH cost" answers to 2 decimal places.) Total DL Hours required Plantwide OH Rate Total Overhead Cost Deluxe model Basic model < Required 1 Required 2 >

Answers

1.

Estimated overhead costs = Handling materials + Inspecting product + Processing purchase orders + Paying suppliers + Insuring the factory + Designing packaging

= 670,000+945,000+150,000+220,000+345,000+120,000

= $2,450,000

Estimated direct labor hours = 125,000

Predetermined overhead rate = Estimated overhead costs / Estimated direct labor hours

= 2,450,000/125,000

= $19.6 per direct labor hour

2.

Total DL Hours required Plantwide OH Rate Total Overhead Cost
Deluxe model 2,500 19.6 49,000
Basic model 6,000 19.6 117,600

Please give a positive rating if you are satisfied with this solution and if you have any query kindly ask.

Thanks!!!


Similar Solved Questions

1 answers
Hi
Calculate the energy difference for a transition in the Paschen series for a transition from the higher energy shell n=6....
1 answers
Problem 1.7 Find the separation vector 2 from the source point (2,8,7) to the field point...
Problem 1.7 Find the separation vector 2 from the source point (2,8,7) to the field point (4,6.8). Determine its magnitude (2), and construct the unit vector...
1 answers
Explain what integrated delivery systems are, and provide some examples?
Explain what integrated delivery systems are, and provide some examples?...
1 answers
Provide the missing reagents for the following reactions. (Hint:There may be more than 1 step) (4pts...
Provide the missing reagents for the following reactions. (Hint:There may be more than 1 step) (4pts each) OH HO Continued on next page....
1 answers
What are the 3 main medication used to treat sepsis? and be specific on why
what are the 3 main medication used to treat sepsis? and be specific on why...
1 answers
What is $1,000 invested today at 8% compounded monthly worth in 20 years? What is $1,000.00...
What is $1,000 invested today at 8% compounded monthly worth in 20 years? What is $1,000.00 received every month for 5 years plus $5,000 received after all the other payments worth today if the interest rate is 8% Please show work or how to do it on the calculator....
1 answers
Members of Bill family form a corporation called ASI several members of Bill family invest a...
members of Bill family form a corporation called ASI several members of Bill family invest a total of $10,000 to start ASI. And exchange the corporation issues a total of 1000 shares of common stock. What is the effect of the corporations accounting equation?...
1 answers
A company produces two products, AA and BB, from a single raw material called Zub. Zub...
A company produces two products, AA and BB, from a single raw material called Zub. Zub is purchased in 55-gallon drums, and the contents of one drum are enough to produce 30 gallons of AA and 15 gallons of BB. AA sells for $10.00 per gallon and BB sells for $30.00 per gallon. During the current peri...
1 answers
Below are the income statements H Ltd, S Ltd and A Ltdfor the year ended 31...
Below are the income statements H Ltd, S Ltd and A Ltdfor the year ended 31 December 2010. H Ltd S Ltd A Ltd N000 N000 N000 Revenue 8,000 4,500 3,000 Operating expenses (4,750) (2,700) (2,050) Profit from operations Finance costs Profit before tax Tax 3,250 1,800 950 (750) (100) (50) 2,500 1,700 900...
1 answers
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for...
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor hours. Its predetermined overhead rate was ...
1 answers
Your work must be prepared in an excel format. Please bring a hard copy of your...
Your work must be prepared in an excel format. Please bring a hard copy of your work to class. If you will not be attending class, submit your work via email. Late submission will be subject to a one-time penalty of 20 percent of the grade. You are evaluating two different silicon wafer milling mach...
1 answers
Show all steps-python Review the following BST and create the inorder, preorder and postorder list. Try...
show all steps-python Review the following BST and create the inorder, preorder and postorder list. Try to delete the value 17 and after deletion create the inorder, preorder and postorder list. Follow both algorithms.  If the node has a left child and a right child, 1) replace the node&rs...
1 answers
Better? The void volume within a este fabric afects comfort, formability, and insulation properties. Porability of...
better? The void volume within a este fabric afects comfort, formability, and insulation properties. Porability of a fabric refers to the city of void space to the flow of a gas orquid. We have summary Information on air permeability in cm ? c) for two different types of plain weave fabric below...
1 answers
Ikohm 1kOhm i(C sy kohm Figure 5.2 2.6 Fill Table 6: Table 6 Original circuit Computation...
Ikohm 1kOhm i(C sy kohm Figure 5.2 2.6 Fill Table 6: Table 6 Original circuit Computation Measurement Pa W) O VAR) 2.7 Fill Table 7: Table 7 Thevenin Circuit Computation Measurement Pa W) O VAR)...
1 answers
Decide whether surplus or deficit : Thanks! 5.The Mexican government pays a U.S. consulting firm for...
Decide whether surplus or deficit : Thanks! 5.The Mexican government pays a U.S. consulting firm for consulting services provided by the firm. This would move the U.S. current account toward 6.IBM purchases computer chips from Singapore that it uses in assembling main-frame computers. This would mov...
1 answers
Sirius B is a white star that has a surface temperature (in kelvins) that is four...
Sirius B is a white star that has a surface temperature (in kelvins) that is four times that of our sun. Sirius B radiates only 0.040 times the power radiated by the sun. Our sun has a radius of 6.96 108 m. Assuming that Sirius B has the same emissivity as the sun, find the radius of Sirius B. RsB =...
1 answers
5. Find the center of mass of the plate bounded by the upper half yz0 of...
5. Find the center of mass of the plate bounded by the upper half yz0 of the circle 2 1 cos29 4 with plx.y)-Use symmetry when possible (You will need sin o20 ) 6 points) R is bounded b...

-- 0.011631--