BFLSSA921 Corporation has provided the following data: Activity Cost Pool Assembly Processing Orders Inspection Total Cost $650,000 $43,000 $60,000 Total Activity 50,000 machine hours 1,000 orders 1,500 inspection-hours Other data about one of BFLSSA921's products is below: Selling price $174 per unit Direct materials cost $23 per unit (ID# 48726) Direct labor cost $40 per unit Annual production and sales 4,010 units Annual machine hours 10,700 MHs Annual orders 463 orders Annual inspection hours 392 hours Q.) According to BFLSSA921's activity-based costing system, the product margin for this product is (total margin, not unit margin): A.) $

BFLSSA921 Corporation has provided the following data: Activity Cost Pool Assembly Processing Orders Inspection Total Cost $650,000 $43,000 $60,000 Total Activity 50,000 machine hours 1,000 orders 1,500 inspection-hours Other data about one of BFLSSA921's products is below: Selling price $174 per unit Direct materials cost $23 per unit (ID# 48726) Direct labor cost $40 per unit Annual production and sales 4,010 units Annual machine hours 10,700 MHs Annual orders 463 orders Annual inspection hours 392 hours Q.) According to BFLSSA921's activity-based costing system, the product margin for this product is (total margin, not unit margin): A.) $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A sada manufacturer has two operating departments. Miong and Botting Mixing has 600 employees and Botting has 400 employees. Office costs of $320,000 are allocated to operating departments based number of employees. The office costs allocated to the Botting department are Murple Choice O O O $90,000 $64,000 $200,000 $192.000
Using ABC, the total manufacturing costs for product Regular is:
COVID 19 Co has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Assembly $1,443,140 59.000 machine-hours Processing orders $ 80,905 2,750 orders Inspection $145.733 1,910 inspection-hours The company makes 890 units of product YBa year, requiring a total of 2,070 machine-hours, 41 orders, and 35 inspection-hours per year. The product's direct materials cost is $56.46 per unit and its direct labor cost is $22.67 per unit The product sells for $148.50 per unit According to the activity-based costing system, the product margin for product YB is: (Round your intermediate calculations and final answers to 2 decimal places.) Select one: a $4.560.38 b $5.450.38 C $7.230 38 d. $6.340.38
Criselda Company has provided detail on a variety of costs for Q4: Factory supplies: $9,100 • Administrative salaries: $97,500 • Direct materials: $153,500 • Sales staff salaries: $93,500 • Factory depreciation: $48,700 • Corporate headquarters building rent: $48,500 Indirect labor: $39,500 ● • Marketing: $103,000 Direct labor: $95,400 • Factory utilities: $24,100 The total of the period costs listed above for Q4 is: Answer: 342500
1. Using ABC, the total manufacturing costs for product Regular is:
JART manufactures and sells underwater markers. Its contribution margin income statement follows. Contribution Margin Income Statement For Year Ended December 31 Per Unit Annual Total Sales (420,000 units) $ 7.00 $ 2,940,000 Variable costs Direct materials 1.46 613,200 Direct labor 0.44 184,800 Variable overhead 0.70 294,000 Contribution margin 4.40 1,848,000 Fixed costs Fixed overhead 0.30 126,000 Fixed general and administrative 0.25 105,000 Income $ 3.85 $ 1,617,000 A potential customer offers to buy 52,000 units for $3.70 each. These sales would not affect the company’s sales through its normal channels. Details about the special offer follow. Direct materials cost per unit and variable overhead cost per unit would not change. Direct labor cost per unit would be $0.62 because the offer would require overtime pay. Accepting the offer would require incremental fixed general and administrative costs of $5,200. Accepting the offer would require no…
Happy Trails has the following information for its manufacturing: Direct Materials $16 Direct Labor $16 Variable Manufacturing Overhead $3 Fixed Manufacturing Overhead $25 Units Produced 27,000 Units Sold 18,000 Its income statement under absorption costing is: Sales $1,901,000 Beginning Inventory $0 Cost of Goods Manufactured 1,620,000 Cost of Goods Available for Sale $1,620,000 - Ending Inventory 540,000 Cost of Goods Sold $1,080,000 Gross Profit $821,000 -Sales and Admin. Expenses: Variable $108,000 Fixed 200,000 Total Sales and Admin. Expenses $308,000 Net Operating Income $513,000 Prepare an income statement with variable costing and a reconciliation statement between both methods. If an amount box does not require an entry, leave it blank.
Collin Company manufactures small appliances and uses an activity-based costing system. Information from its system for the year for all products follows: Activity cost pool Total cost Total activity. Assembly Inspection Packaging $460,000 $298,500 $19,700 A. $139,977.76 B. $115,566.24 C. $23,187.50 D. $26.50 20,000 8,500 1,800 machine - hours inspection - hours order The company makes 875 of its stand mixers a year, which requires a total of 27 machine hours, 15 inspection hours, and 9 orders. The stand mixer requires $16.00 in direct materials per unit and $10.50 in direct labor per unit. The stand mixer sells for $160 per unit. What is the profit margin in total for the stand mixer? (Do not round intermediary calculations and round your final answer to the nearest cent.)
Cranston Corporation makes four products in a single facility. Data concerning these products appear below: Products A B C D Selling price per unit $ 42.30 $ 50.00 $ 37.60 $ 33.50 Variable manufacturing cost per unit $ 20.80 $ 30.70 $ 21.00 $ 19.90 Variable selling cost per unit $ 2.70 $ 2.10 $ 1.00 $ 2.40 Milling machine minutes per unit 3.30 4.10 2.60 1.30 Monthly demand in units 1,000 4,000 3,000 3,000 The milling machines are potentially the constraint in the production facility. A total of 28,200 minutes are available per month on these machines.Up to how much should the company be willing to pay for one additional minute of milling machine time if the company has made the best use of the existing milling machine capacity? (Round your intermediate calculations to 2 decimal places.) $4.20 $0.00 $18.80 $11.20