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QS 17-14(Static) Activity-based costing and overhead cost allocation LO P3 Mia Company uses...

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Accounting

QS 17-14(Static) Activity-based costing and overhead cost allocation LO P3
Mia Company uses activity-based costing and reports the following for this year.
\table[[Activity,Budgeted Cost,Activity Cost Driver,Budgeted Activity Usage],[Cutting,$14,000,Machine hours (MH),2,000 machine hours],[Assembly,60,000,Direct labor hours (DLH),6,000 direct labor hours],[Total,$74,000,,]]
(a) Compute an activity rate for each activity using activity-based costing.
(b) Allocate overhead costs to a job that uses 20 machine hours and 15 direct labor hours.
Complete this question by entering your answers in the tabs below.
Required A
Required B
Compute an activity rate for each activity using activity-based costing.
\table[[Activity,Budgeted Cost,Budgeted Activity Usage,Activity Rate,],[Cutting,,,,],[Assembly,,,,]]
Complete this question by entering your answers in the tabs below.
Required A
Required B
Allocate overhead costs to a job that uses 20 machine hours and 15 direct labor hours.
\table[[Activity,Activity Usage,Activity Rate,Allocated Cost,],[Cutting,20,machine hours,,,],[Assembly,15,direct labor hours,,,],[Total,,,,,]]
Required A
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