Ask Question
BusinessBusiness
28 February, 05:20

Hane Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activity Cost PoolActivity RateAssembling products$8.90per assembly hourProcessing customer orders$31.23per customer orderSetting up batches$43.72per batch Data for one of the company's products follow: Product U94WNumber of assembly hours389Number of customer orders53Number of batches61 How much overhead cost would be assigned to Product U94W using the activity-based costing system

+3
Answers (1)
  1. 28 February, 05:44
    0
    = $7,784.21

    Explanation:

    Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers. Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.

    The amount to be charged to the product as overhead for each activity

    = activity rate * no of cost drivers consumed

    = ($8.90 * 389) + ($31.23 * 53 ($43.72 * 61)

    = $7,784.21
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Hane Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activity Cost ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which is the difference between an associate's degree and a bachelor's degree? An associate's degree is usually earned during secondary education, but a bachelor's degree is usually earned during post-secondary education.
Answers (1)
Stocks and bonds differ in that stocks pay fixed dividends, wheras bonds pay a variable amount of interest at regular intervals. bonds pay fixed dividends out of revenues, whereas stocks pay a variable amount of interest at regular intervals.
Answers (1)
What is an example of a device that commonly uses Linux today? A. Cell phone B. Laptop C. Desktop D. Fax machine
Answers (1)
The field of accounting that reports according to generally accepted accounting principles (GAAP) is called:cost accounting. financial accounting. managerial accounting. responsibility accounting
Answers (1)
he 2016 annual report for General Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015, 755 million shares had been issued and the number of shares in treasury stock was 156 million.
Answers (1)
New Questions in Business
Time is an important factor when evaluating a managed mutual fund for which of the following? a. The length of time that the present fund manager has been managing the fund. b. None of these. c. The existence of the underlying index. d.
Answers (1)
Greg purchased stock in Bear Stearns and Co. at a price of $88 per share one year ago. The company was acquired by JP Morgan at a price of $11 per share. What is Gregʹs return on his investment? A) - 87.50% B) - 113.75% C) - 100.62% D) - 96.25%
Answers (1)
Will and bill both enjoy sunshine, water, and surfboards. thus, the two friends decided to create a business together renting surfboards, paddle boats, and inflatable devices in california.
Answers (1)
Jones Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 400 units in process that were 70% complete, receiving 2,500 units from the Cutting Department.
Answers (1)
Newspaper 14 think and review
Answers (1)
Home » Business » Hane Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activity Cost PoolActivity RateAssembling products$8.90per assembly hourProcessing customer orders$31.
Sign Up Forgot Password?