CHAPTER 17. PLEASE ANSWER ALL Part 1,2 & 3. Thanks!! The following information applies to...

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Accounting

CHAPTER 17. PLEASE ANSWER ALL Part 1,2 & 3. Thanks!!

The following information applies to the questions displayed below.]

Craft Pro Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records.

Production Activity Indirect Labor Indirect Materials Other Overhead
Grinding $ 330,000
Polishing $ 130,000
Product modification 600,000
Providing power $ 220,000
System calibration 560,000

Additional information on the drivers for its production activities follows.

Grinding 10,000 machine hours
Polishing 10,000 machine hours
Product modification 2,100 engineering hours
Providing power 13,000 direct labor hours
System calibration 850 batches

Job 3175 Job 4286
Number of units 130 units 1,625 units
Machine hours 450 MH 4,500 MH
Engineering hours 32 eng.hours 26 eng.hours
Batches 10 batches 30 batches
Direct labor hours 470 DLH 4,230 DLH

PART 1 ANSWER OPTIONS: Batch level, facility level, product level, and unit level.

PART 3 ANSWER OPTIONS: Top left: Direct labor costs, direct labor hours, direct materials, machine hours, number of setups, and overhead costs.

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W A S Document1 - Word FILE G BE INSERT DESIGN HOME PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ?A - AX Sig 33.33 points Required; 1. Classity each activity as unit level, batch level, product level, or facility level 3. 33.34 points Grinding Required; 5. If the company used a plantwide overhead rate based on direct labor hours, what is the overhead cost for each unit of Job 31757 of Job 42867 (Do not round intermediate calculations, Round "OH Cost per unit , answers to 2 decimal places.) Polishing Product modification Providing power System calibration Product hours OH Units OH Cost per DL Pantelide Total overhead cost Job 3175 Job 4286 33.33 points Required; 2, 3&4, Compute the activity overhead rates using ABC Form cost pools as appropriate. Determine overhead costs to assign to the following jobs using ABC. What is the overhead cost per unit for Job 3175? What is the overhead cost per unit for Job 4286? (Round your activity rate and average overhead cost per unit to 2 decimal places. Round "overhead assigned" to the nearest whole dollar.) Job 3175 Overhead cost Activity Drivers Activity Rate Activity driver incurred Job 4286 Overhead Activity driver overhead assigned Grinding & Polishing Proud moduceston Pronding power System calibration Machine hours Engineering hrs. I I Direct Labor hrs. batches - PAGE 1 OF 1 owORDS DE H Search the web and Windows One Dabo Gw s ? 12:25 PM 7/11/2016

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