+ 5 5 7 B 8 9 Activity 10 Production Setup 11 Procurement 12 Quality Control 13 Materials Management 14 Total 15 16 17 18 19 20 Standard 21 Total 22 23 24 25 26 27 28 B) Unit Costs 29 Product Type Custom A) Activity Rates Activity Cost Data $ $ $ S Activity Cost 44,000.00 13,500.00 97,500.00 84,000.00 239,000.00 Setups 290 110 400 Production Setup FORMULA1 D Activity Base Number of setups Number of purchase orders Number of Inspections Number of components Activity Base Usage Data Purchase orders 760 Activity-based Costing 140 900 Procurement FORMULA2 Custom Inite G Inspections 1,200 300 1,500 Answer Section H Student Name: Section Number: Components 500 200 700 Quality Control Materials Management FORMULA3 FORMULA4 Unit Volume 2,000 2,000 4.000

+ 5 5 7 B 8 9 Activity 10 Production Setup 11 Procurement 12 Quality Control 13 Materials Management 14 Total 15 16 17 18 19 20 Standard 21 Total 22 23 24 25 26 27 28 B) Unit Costs 29 Product Type Custom A) Activity Rates Activity Cost Data $ $ $ S Activity Cost 44,000.00 13,500.00 97,500.00 84,000.00 239,000.00 Setups 290 110 400 Production Setup FORMULA1 D Activity Base Number of setups Number of purchase orders Number of Inspections Number of components Activity Base Usage Data Purchase orders 760 Activity-based Costing 140 900 Procurement FORMULA2 Custom Inite G Inspections 1,200 300 1,500 Answer Section H Student Name: Section Number: Components 500 200 700 Quality Control Materials Management FORMULA3 FORMULA4 Unit Volume 2,000 2,000 4.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

b. P5.00 d. P5.09 57. Ansel Corp. has provided the following data from its activity-based costirg system: Activity Cost Pool Assembly Processing Orders Inspection Total Activity 110,000 3,000 3,800 Total Cost 1,226,500 92,340 292,220 Data concerning one of the company's products, Product A appear below: 227.40 Selling price per unit Direct materials per unit Direct labor cost per unit Annual unit production and sales 96.28 23.24 360.00 Annual machine hours 2,080.00 Annual orders 120.00 Annual inspection hours 60.00 Using ABC, the product gross profit for product A is P38,836.80 b. P11,030.80 c. P11,915.20 d. P7,337.2O a. 326
What is the total costs transferred from Department B to Department C? P619,890 P621,030 P614,680 P603,250
What is the total costs transferred from Department 1 to Department 2? a.P200,045 b.P115,200 c.P111,150 d.P195,175
d Required information [The following information applies to the questions displayed below.] Use the following information: Department Service 1 (S1) Service 2 (52) Production 1 (P1) Production 2 (P2) P1 P2 Total Service Department 2's Costs Cost $ 121,000 53,000 435,000 306,000 $ 915,000 3/8 x 5/8 X Percentage Service Provided to S1 0% 20 52 20% 0 What percentage of S2's costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.) P1 30% 20 P2 50% 60
Candice Corporation produces reusable christmas cards in two departments: Printing and Laminating. These departments are supported by two service departments: Personnel and Maintenance. Personnel uses.the number of employees as an allocation base and Maintenance uses machine hours. The expected level of activity for next quarter is shown below: No. of employees Machine hours Personnel 40 Maintenance 60 120 Printing Laminating 60,000 40,000 180 Allocations are made in the order shown above. Budgeted costs for next quarter are P93,000 for Personnel and P68,000 for Maintenance.
80007 ACG3343 2023 X M Question 3- Chapter X d -8 Quiz i https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F... work in process, November 1st started in production during November Work in process, November 30th Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining Industry. The following Information pertains to operations for November. (CMA adapted) F1 Multiple Choice OOOO The beginning Inventory was 60% complete as to materials and 20% complete as to conversion costs. The ending Inventory was 90% complete as to materials and 40% complete as to conversion costs. Costs pertaining to November are as follows: Beginning Inventory: direct materials, $58,560; direct labor, $22,320; manufacturing overhead, $17,240. Costs incurred during the month: direct materials, $487,800; direct labor, $235,280; manufacturing overhead, $443,960. What are the total costs in the ending Work-In-Process…
Dake Coporaton elevant ange of actvity s 2800 unts 060 unes henolloesDirect aterialsDirect laborVariable anfacturing verheadFixed manufacturing overbeadFived selling eNpeeseFixed adainistrative espeseSales commissioesVariable aninistrative eeseegeMule ChoceCest peatFor financial repotg parpses the otal amaut of arotuct coss ue t make &nee
What is the total costs transferred from Department A to Department B? a.P327,240 b.P313,500 c.P289,750 d.P323,400
Problem 7-16 (Algo) Comparing Traditional and Activity-Based Product Margins [LO7-1, L07-3, LO7-4, LO7-5] Hi-Tek Manufacturing, Inc., makes two types of industrial component parts-the B300 and the T500. An absorption costing income statement for the most recent period is shown: Hi-Tek Manufacturing Inc. Income Statement $ 1,657,500 1,224,620 432,880 620,000 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating loss $4 (187,120) Hi-Tek produced and sold 60,500 units of B3o0 at a price of $19 per unit and 12,700 units of T500 at a price of $40 per unit. The company's traditional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labor dollars as the allocation base. Additional information relating to the company's two product lines is shown below: в300 T500 Total Direct materials $ 400,600 $ 120,400 $ 162,700 $ 42,000 563,300 162,400 498,920 Direct labor Manufacturing overhead Cost of goods sold $…
Required information [The following information applies to the questions displayed below.] Use the following information: P1 P2 Department Service 1 (51) Service 2 (S2) Production 1 (P1) Production 2 (P2) Total Service Department 1's Costs Cost $ 130,000 62,000 525,000 396,000 $ 1,113,000 1/3 1/3 Percentage Service Provided to S1 0% 20 52 25% 0 What percentage of S1's costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction P1 30% 20 P2 45% 60
HELP WITH CORRECT ANSWER AND WORKING Schedule of Activity CostsQuality Control ActivitiesActivity CostProcess audits$48,200Training of machine operators27,000Processing returned products16,700Scrap processing (disposal)25,200Rework8,900Preventative maintenance28,100Product design43,800Warranty work6,900Finished goods inspection23,000 From the above schedule of activity costs, determine the total activity cost. a. $227,800 b. $99,000 c. $275,638 d. $149,700
SCM323 Class Activity 3 - MRP Based on the Example below, Identify the Material Requirements for the case given at the end. Example: A company is producing 2 products A and B. Bill of Materials for product A includes, Wood 2 CFT, Plastic 3Kg, Steel 10 Kg, Glue 0.2 Kg, Glass 5 SFT, while for Product B it is Wood 1.5 CFT, Plastic 3Kg, Steel 12 Kg , Glue 0.3kg and Glass 4SFT. Demand for product A is 500 units/month, and for Product B, it is 700 units/month. Calculate the total quantity of materials required for the production of both the items for next 1 month. Solution for the Example: MRP Materials Wood Plastic Steel Glue Glass Sr.# Product Unit CFT Kg Kg Kg SFT В.О.M 3 10 0.2 1 A Demand 500 500 500 500 500 Quantity 1000 1500 5000 100 2500 В.О.M 1.5 3 12 0.3 4 2 B Demand 700 700 700 700 700 Quantity 1050 2100 8400 210 2800 Total for one month 2050 3600 13400 310 5300 CFT Kg Kg Kg SFT Case to Solve : A company is producing 3 products A ,B and C. BOM of each product is given in the table…