Hansen Company Uses Activity-Based Costing

question 19

Essay

Hansen Company uses activity-based costing.The factory overhead budget for the coming period is $1,053,000,consisting of the following: The potential allocation bases and their estimated amounts were as follows: ​
a.Determine the overhead rate for each cost pool,using the most appropriate allocation base for each pool.
b.Job 80130 required $45,000 for direct materials,$20,000 for direct labor,2,000 direct labor hours,800 machine hours,five setups,and four design changes.Determine the cost of Job 80130.
c.Determine the cost of Job 80130 if Hansen used the direct labor hour method of applying overhead.
d.What is the reason behind the difference in the costs of the job using Activities-based costing vs.the direct labor hour method of applying overhead?

Recognize the role of heredity and environment in shaping behavior.

Identify different psychological perspectives and their approaches to understanding human behavior.

Grasp the concept of psychological diversity and its significance in psychological science.

Recognize the role of behaviorism in changing behavior through the systematic use of rewards.

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Definitions:

Normal Curve

A symmetric, bell-shaped curve representing the distribution of a set of data where most occurrences take place near the mean and probabilities for values taper off equally on both sides.

Continuity Correction

An adjustment made when approximating a discrete distribution with a continuous distribution.

Normal Approximation

A method of estimating the distribution of a sample statistic using the normal distribution, often applied when the sample size is large.

Binomial

Pertaining to a probability distribution or experiment where each trial has two possible outcomes.