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Under or overapplied costs for Arts & Co.
Solution
Total manufacturing cost = Materials costs + Direct labor cost + Pre-determined overhead rate (the number of units)
= 750 + 300 + 21.5(120)
Total manufacturing cost = $3630
Total cost per unit = 3630/120 = $30.25
3.
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Mitsu Corporation Activity Based Accounting
Direct labor
Direct material
Manufacturing overhead
Total cost
Cost per unit
b.
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Overhead Allocation - Traditional Versus ABC Method
The overhead cost allocated to Beta by using activity-based costing procedures would be:
Allocated overhead = ((Direct labor hours for Beta/Total direct-labor hours)*Total direct labor cost) +((Setups for Beta/Total set-ups)*Total setup cost) + (Number
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Overhead Labor Cost/Units Produced
is $54,000
Assuming the company allocates overhead on the basis of labor cost, compute the overhead and total production cost for both products.
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Work in Process Balances
Factory Overhead Total Cost Date Total Cost Date Total Cost
520 540 660 1720 0 1720
No.105
In-Progress Completed Balance
Date Direct Material Direct Labor Allocated Factory Overhead Total Cost Date Total Cost Date Total Cost
690 525 840
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Activity Based Costing and Overhead Costs
Total overhead $45,750
2
What is the overhead cost per box of chemicals?
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Explanation to "Flexible Budget" question
Total overhead cost = Actual total variable overhead cost +Actual total fixed overhead cost
= 120,000 + 380,000
= 500,000
Overhead cost per unit produced = Total overhead cost/actual units produced
= 500,000/20,000
= 25/unit
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Ikon Tire Co. - Computing Variance
, fixed factory overhead volume variance, and total factory overhead cost variance.
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Activity Based Costing for Maxey and Sons Manufacturing
Total manufacturing Overhead= $3,080,000
Unit Manufacturing Overhead Allocated Cost
A B Total
Machine hours 16,000 22,500 38,500 $1,280,000 $1,800,000 $3,080,000
=(16000/ 38500) x 3080000
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Bakos Corporation's abbreviated flexible budget
3,000
Total variable overhead cost $8.7 $ 25,230 $ 26,100
Total fixed overhead cost 102,100 102,100
Total overhead cost $127,330 $128,200
If the denominator level of activity is 2,900 machine-hours, the variable element in the predetermined