Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. techno incorporated manufactures two models of cam

Techno Incorporated manufactures two models of cameras that can be used as cell phones, MPX,...

70.2K

Verified Solution

Question

Accounting

imageimage

Techno Incorporated manufactures two models of cameras that can be used as cell phones, MPX, and digital camcorders. Model High F Great P Annual Sales in Units 10,700 16,700 Techno uses a volume-based costing system to apply factory overhead based on direct labor dollars. The unit prime costs of each product were as follows: Direct materials Direct labor High F $ 38.70 $ 18.30 Great P $ 26.10 $ 13.90 Budget factory overhead: Engineering and Design Quality Control Machinery Miscellaneous Overhead Total 2,540 12,970 33,850 26,530 engineering hours inspection hours machine hours direct labor hours $ 431,800 258,200 506,850 105,880 $ 1,302,730 Techno's controller had been researching activity-based costing and decided to switch to it. A special study determined Techno's two products have the following budgeted activities: Engineering and design hours Quality control inspection hours Machine hours Labor hours High F 1,030 5,710 20,350 12,070 Great P 1,510 7,260 13,500 14,460 What is the overhead application rate using the firm's volume-based costing system? (Rounded to the nearest percent or cents.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students