Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. klumper corporation is a diversified manufacturer

Klumper Corporation is a diversified manufacturer of industrial goods. The companys activity-based costing system contains...

50.1K

Verified Solution

Question

Accounting

Klumper Corporation is a diversified manufacturer of industrial goods. The companys activity-based costing system contains the following six activity cost pools and activity rates:

Activity Cost Pool Activity Rates
Supporting direct labor $ 7 per direct labor-hour
Machine processing $ 3 per machine-hour
Machine setups $ 40 per setup
Production orders $ 160 per order
Shipments $ 125 per shipment
Product sustaining $ 875 per product

Activity data have been supplied for the following two products:

Total Expected Activity
K425 M67
Number of units produced per year 200 2,000
Direct labor-hours 1,100 40
Machine-hours 2,200 30
Machine setups 7 2
Production orders 7 2
Shipments 14 2
Product sustaining 2 2

Required:

How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system?

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

Q

Given the following income statement data, calculate operating cash flow; net sales = $4750, cost of...

Finance
Q

Match the graph of the function with correct sign chart for the derivative of the...

Basic Math
Q

During the exponential phase the E Coli bacteria in a culture increase at a rate...

Basic Math
Q

1 .If a parent owns 80% of the subs outstanding stock, the Consolidated Balance Sheet...

Accounting
Q

27.a. Indicate on the blanks below the effect (I-increase, D = decrease, NE-no effect) of...

Accounting
Q

adjusting entries The following events occurred for Kira & Company on October...

Accounting
Q

2. $ 220,000 $ 155,000 107/214 points awarded Cost of new equipment and timbers $400,000...

Accounting
Q

Geelong Quality Products has recently developed standard of a new product. It is estimated that...

Accounting
Q

match the followinv components of creatinv an effective daily to-do list with their corresponding descriptions...

Accounting
Q

Current Attempt in Progress * Determine the missing amounts using following information. 1. 2. 3....

Accounting
Q

Which of the following would not be considered a product cost? Cost accountant's salary Factory...

Accounting
Q

Cost of Trade Credit What are the nominal and effective costs of trade credit under...

Finance