Product-Costing Accuracy, Consumption Ratios, Activity Rates, Activity Costing
Tristar...
Business, 21.03.2020 09:39, RicoCheT89
Product-Costing Accuracy, Consumption Ratios, Activity Rates, Activity Costing
Tristar Manufacturing produces two types of battery-operated toy soldiers: infantry and special forces. The soldiers are produced by using one continuous process. Four activities have been identified: machining, setups, receiving, and packing. Resource drivers have been used to assign costs to each activity. The overhead activities, their costs, and the other related data are as follows:
Product Machine Hours Setups Receiving Orders Packing Orders
Infantry 27,500 300 900 1,600
Special forces 20,000 100 100 1,800
Costs $80,000 $24,000 $22,000 $30,000
Required:
1. Calculate the total overhead assigned to each product by using only machine hours to calculate a plantwide rate. Round your interim rate calculation to two decimal places, if required.
Infantry $
Special forces $
2. Calculate consumption ratios for each activity. Round your answers to two decimal places.
Product Machine Hours Setups Receiving Orders Packing Orders
Infantry
Special forces
3. Calculate a rate for each activity by using the associated driver. If required, round your answers to two decimal places.
Machining $ per machine hour
Setups $ per setup
Receiving $ per receiving order
Packing $ per packing order
4. Assign the overhead costs to each product by using the activity rates computed in Requirement 3.
Infantry Special Forces
Machining $ $
Setups
Receiving
Packing
Total $ $
Answers: 3
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