EcoFabrics has budgeted overhead costs of $982,800. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 468,000 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting (cost driver is machine hours) and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $374,400 and $608,400 is allocated to the design cost pool. Additional information related to these pools is as follows.\
Wool Cotton Total Machine hours 104,000 104,000 208,000 Number of setups 1,040 520 1,560 Calculate the overhead rate using activity based costing. (Round answers to 2 decimal places, e. g. 12.25.)
Overhead rates for activity-based costing Cutting $per machine hour Design $per setup
Determine the amount of overhead allocated to the wool product line and the cotton product line using activity-based costing.
Wool product line Cotton product line Overhead Allocated $ for the wool product line $ cotton product line.
Calculate the overhead rate using traditional approach. (Round answer to 2 decimal places, e. g. 12.25.) Overhead rates using the traditional approach $ per direct labor hour
Answers: 3
Business, 21.06.2019 16:00
The proliferation of bittorrent and other file sharing media have threatened the copyright system. based on an understanding of incentives and opportunity cost, how are the decisions of musicians likely impacted?
Answers: 2
Business, 22.06.2019 06:40
10. which of the following is true regarding preretirement inflation? a. defined-benefit plans provide more inflation protection than defined-contribution plans. b. because of preretirement inflation, possible investment-related growth is increased for defined-contribution plans. c. all types of benefits are designed to cope with preretirement inflation. d. preretirement inflation is generally reflected in the increase in an employee's compensation level over a working career.
Answers: 3
Business, 22.06.2019 07:30
Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?
Answers: 3
Business, 22.06.2019 14:00
Which of the following would be an accurate statement about achieving a balanced budget
Answers: 1
EcoFabrics has budgeted overhead costs of $982,800. It has allocated overhead on a plantwide basis t...
History, 25.08.2019 02:10
Mathematics, 25.08.2019 02:10
Spanish, 25.08.2019 02:10
History, 25.08.2019 02:10
Mathematics, 25.08.2019 02:10
Physics, 25.08.2019 02:10
Mathematics, 25.08.2019 02:10
History, 25.08.2019 02:10
Health, 25.08.2019 02:10
Social Studies, 25.08.2019 02:10
Health, 25.08.2019 02:10
Social Studies, 25.08.2019 02:10
Biology, 25.08.2019 02:10
English, 25.08.2019 02:10
Mathematics, 25.08.2019 02:10