Assume a company’s activity-based costing system includes three activities. The following information is available with respect to those activities:   Activity Cost Pool Estimated Overhead Cost Expected Activity Testing $ 150,000 100,000 testing minutes Setups $ 114,400 2,200 setup hours Molding $ 220,000 10,000 machine hours   What is the activity rate for the Setups activity?

Sandhill Company completes and transfers out 13,720 units and has 1,960 units of ending work in process that are 25% complete as to conversion costs. Materials are entered at the beginning of the process, and there is no beginning work in process. Assuming unit. materials costs of $3 and unit conversion costs of $5 , what are the costs to be assigned to units (a) completed and transferred out and (b) in ending workingrocess?

A local firm is planning its workforce and production levels over the next year. The firm makes a variety of microprocessors and uses sales dollars as its aggregate production unit. Based on orders received and sales forecasts provided by the marketing department, the estimate of dollar sales for the next year by month is as follows:   Month Production Days Predicted Demand(in $10,000) Month Production Days Predicted Demand(in $10,000) January 20 595 July 20 410 February 19 225 August 21 130 March 22 565 September 19 405 April 18 205 October 23 315 May 21 230 November 21 355 June 22 120 December 18 350   Inventory holding costs are based on a 25% annual interest charge. It is anticipated that there will be 675 workers on the payroll at the end of the current year and inventories will amount to $120,000. The firm would like to have at least $100,000 of inventory at the end of December…

The net sales for a shoe department were $320,000. Calculate the maintained markup percent if the department had the following figures: Net Sales                        $320,000Net purchases                 $185,000Opening inventory             $85,000Closing inventory             $105,800Cash Discounts                   $5,400Alteration costs                   $2,100Freight inward                     $3,800