Sprint 5:26 PM ? 87%- KACCT 2120 L03 EXAM-ll April 1.... 10. One of Matheny Comp

Question

Sprint 5:26 PM ? 87%- KACCT 2120 L03 EXAM-ll April 1.... 10. One of Matheny Company's activity cost pools is inspecting, with estimated overhead of $120000. Matheny produces throw rugs (700 inspections) and area rugs (1300 inspections). How much of the inspecting cost pool should be assigned to throw rugs? a. $60000 b. $64615 C. $42000 d. $120000 11. Boswell Company manufactures two products, Regular and Supreme Boswell's overhead costs consist of machining, $4000000; and assembling $2000000. Information on the two products is: Regular Suprem Direct labor hours Machine hours Number of parts 10000 10000 90000 15000 30000 160000 Overhead applied to Supreme using activity-based costing is a. $1720000 b. $3600000 C. $2400000 d. $4280000

Explanation / Answer

10) Inspection cost assign to throw rugs = 120000/2000*700 = 42000

so answer is c) $42000

11) Overhead applied to supreme = (4000000/40000*30000+2000000/250000*160000) = 4280000

so answer is d) 4280000

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