Complete the following Week Three Assignment in WileyPLUS:
Exercise E4-10
Exercise E4-11
Problem P4-3A
Problem P4-4A
E4-10
Mallory Luongo, Inc. manufactures five models of kitchen appliances at its Mesa plant. The company is installing activity-based costing and has identified the following activities performed at its Mesa plant. Having analyzed its Mesa plant operations for purposes of installing activity-based costing, Mallory Luongo, Inc. identified its activity cost centers. It now needs to identify relevant activity cost drivers in order to assign overhead costs to its products. Using the activities listed below, identify for each activity one or more cost drivers that might be used to assign overhead to Mallory Luongo’s five products. (If several answers appear right, select the answer that lists all the cost drivers that might be used.)
E4-11 (a,b)
Sorce Instrument, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and 300 pressure gauges were produced, and overhead costs of $89,500 were estimated. An analysis of estimated overhead costs reveals the following activities.
The cost driver volume for each product was as follows
Determine the overhead rate for each activity.
Assign the manufacturing overhead costs for April to the two products using activity-based costing.
P4-3A (a,c)
Skaros Stairs Co. of Moore designs and builds factory-made premium wooden stairs for homes. The manufactured stair components (spindles, risers, hangers, hand rails) permit installation of stairs of varying lengths and widths. All are of white oak wood. Budgeted manufacturing overhead costs for the year 2011 are as follows.
Compute the predetermined overhead rate using traditional costing with machine hours as the basis. (Enter answer to 2 decimal places, e.g. 10.50.)
What is the manufacturing cost per stairway under traditional costing? (Use rounded amount from part (a). Round answer to 2 decimal places, e.g. 10.50.)
What is the manufacturing cost per stairway under the proposed activity-based costing? (Round activity-based overhead rates to 2 decimal places, e.g. 10.50. Round final answer to 2 decimal places, 10.50.)
P4-3A (d)
P4-4A (a-d)
Under traditional product costing using direct labor hours, compute the total manufacturing cost per liter of both products. (Round computations and final answers to 3 decimal places, e.g. 2.250.)
Under ABC, prepare a schedule showing the computation of the activity-based overhead rates (per cost driver). (Enter overhead rate to 2 decimal places, e.g. 10.50.)
Prepare a schedule assigning each activity’s overhead cost pool to each product, based on the use of cost drivers. What is the overhead cost per liter? (Enter overhead rate to 2 decimal places, e.g. 10.50 and round overhead cost per liter to 3 decimal places, e.g. 2.250.)
Compute the total manufacturing cost per liter for both products under ABC. (Round answers to 3 decimal places, e.g. 2.250.)
P4-4A (e)
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