Riverbed Industries manufactures dining chairs and tables. The following information is available regarding the two...
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Accounting
Riverbed Industries manufactures dining chairs and tables. The following information is available regarding the two products and their estimated use of cost drivers:
| Dining Chairs | Tables | Estimated Cost | ||||
|---|---|---|---|---|---|---|
| Machine setups | 270 | 670 | $ 49,820 | |||
| Inspections | 320 | 540 | $ 73,100 | |||
| Labor hours | 2,600 | 2,400 |
Riverbed is considering switching from one overhead rate based on labor hours to ABC. Perform the following analyses for these two components of overhead:
(a)
Compute total machine setups and inspection costs assigned to each product, using a single overhead rate. (Round overhead rate value to 3 decimal places, e.g. 52.711 and final answers to 0 decimal places, e.g. 5,275.)
| Total Costs | ||
|---|---|---|
| Dining chairs | $ enter a dollar amount rounded to 0 decimal places | |
| Tables | $ enter a dollar amount rounded to 0 decimal places |
(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.
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