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stepladder [879]
2 years ago
4

Exercise 4-3 EcoFabrics has budgeted overhead costs of $945,000. It has allocated overhead on a plantwide basis to its two produ

cts (wool and cotton) using direct labor hours which are estimated to be 450,000 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting (cost driver is machine hours) and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $360,000 and $585,000 is allocated to the design cost pool. Additional information related to these pools is as follows. Wool Cotton Total Machine hours 100,000 100,000 200,000
Number of setups 1,000 500 1,500
Determine the amount of overhead allocated to the wool product line and the cotton product line using activity-based costing.
Mathematics
1 answer:
Elan Coil [88]2 years ago
6 0

Answer:

EcoFabrics has budgeted overhead costs of $945,000. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 450,000 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting (cost driver is machine hours) and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $360,000, and $585,000 is allocated to the design cost pool. Additional information related to these pools is as follows.

Wool

Cotton

Total

Machine hours100,000100,000200,000Number of setups1,0005001,500

The amount of overhead allocated to the wool product line and the cotton product line using activity-based costing & traditional approach is as follows:

Products LineABCTraditionalWool$570,000$472,500Cotton$375,000$472,500

(b3)

How does allocation using traditional approach compare with the amount allocated using ABC?

Step-by-step explanation:

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2 years ago
PLEASE GIVE AN EXPLANATION!! In your grade of 380 students, 70% play a musical instrument. 60% of the boys play a musical instru
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Answer:

270 girls

Step-by-step explanation:

Total number of students = 380

Play musical instrument = 70%

Boys who play musical instrument = 60%

Number of girls who play musical instrument = 200

How many girls are in the class?

Number of play musical instrument = 70% of 380

(0.7 * 380) = 266

Since number of girls who play musical instrument = 200

Then number of boys who play = (266 - 200) = 66

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0.6b = 66

b = 110

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Number of boys + number of girls

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Number of girls = 270

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Kim is reading a book with 380 pages. She read 20 pages each day until she reached Part 2 of the book. Part 2 of the book is 160
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Read 2 more answers
After traveling for 4 hours and 1800 miles, an airplane begins a steady descent. When it begins descending, its altitude (height
andrey2020 [161]

Answer:

Part 1)  Descending Rate = -2,000 ft/min

Part 2)  Starting altitude value is 33,000 ft

Part 3)  The linear equation for the plane's altitude (y) as a function of time (x) is:  y=-2000\,\frac{ft}{min} \,x\,+\,33000\,ft

Part 4)  The information not used for the equation is that the plane was travelling for 4 hours to cover 1800 miles before starting the descent

Step-by-step explanation:

Part 1)

The rate at which the airplane descends is given by the difference between final and initial altitude (17,000 ft-33,000 ft) divided the elapsed time (8 minutes):

Descending\,\,Rate\,= \frac{17000-33000}{8} \,\,\frac{ft}{min}=\frac{-16000}{8} \,\,\frac{ft}{min}=-\,2000\,\,\frac{ft}{min}

Part 2)

When graphing the descent (that is the plane's altitude as a function of time), the starting value for the altitude should be 33,000 ft

Part 3)

We can build the equation of the plane's altitude as a function of time in slope y-intercept form y = m x + b

by noticing that the slope "m" stands for the rate of descent that we found in part 1), and then using the information that at time zero (when the plane starts its descent), its altitude is 33000 ft:

y=m\,x\,+\,b\\y=-2000\,\frac{ft}{min} \,x\,+\,b\\33000=-2000\,\frac{ft}{min} \,(0)\,+\,b\\33000=b

with this information about the intercept "b", we can write the final expression for the plane's altitude as a function of time during its descent as:

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Part 4)

The information that was not used to write the descent equation was the initial details about how long the plane traveled (4 hours) and for 1800 miles.

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