Traditional product costing system


Problem:

Rainbow Spray Paints, Inc. has used a traditional cost accounting system to apply quality control costs uniformly to all products at a rate of 16 percent of direct-labor cost. Monthly direct-labor cost for enamel paint line is $98,000. in an attempt to more equitably distribute quality-control costs, Rainbow is considering activity-based costing. The monthly data shown in the following chart have been gathered for the enamel paint line.

Activity Cost Pool                           Cost Driver                Pool Rates           Quality of Driver for Enamel Paint

Incoming Material Inspection        Type of material          $23.00 per type           24 types

In Process Inspection                   Number of units          .28 per unit                  35,000 units

Product certification                         Per order               144.00 per order           50 orders

Q1. Calculate the monthly quality-control cost to be assigned to the enamel paint line under each of the following product-costing systems

a. Traditional system which assigns overhead on the basis of direct-labor cost
b. Activity based costing

Q2. Does the traditional product costing system over-cost or under-cost the enamel paint line with respect to quality control costs? By what amount?

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Other Management: Traditional product costing system
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