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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AA Appliances manufactures three machines: washers, dryers, and dish washers. Data on the price and costs for the units are shown below. Washers Dryers Dish Washers Price $840.00 $670.00 $500.00 Direct Materials $420.00 $335.00 $250.00 Direct Labor $200.00 $110.00 $70.00 Variable Manufacturing Overhead $80.00 $70.00 $80.00 It is calculated that manufacturing overhead is allocated to the three products using a rate of $10 per machine hour. It is revealed that there are 140 extra machine hours to allocate to produce another product. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. a) Calculate the machine hours used per item. Washers Dryers Dish Washers Variable Manufacturing Overhead Answer Answer Answer Over
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Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows: Average Cost per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Required: 1. Assume the cost object is units of production: a. What is the total direct manufacturing cost incurred to make 20,000 units? b. What is the total indirect manufacturing cost incurred to make 20,000 units? 2. Assume the cost object is the Manufacturing Department and that its total output is 20,000 units. a. How much total manufacturing cost is directly traceable to the Manufacturing Department? b. How much total manufacturing cost is an indirect cost that cannot be…
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Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows: Average Cost per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense
Subject: Cost AccountingPlease answer the questions given. Thank you!
Watson's Computer Company uses ABC to account for its manufacturing process. Activities Indirect activitybudget Allocation base (cost driver) Materials handling $55,000 Based on number of parts Machine setup $32,000 Based on number of setups Assembling $9820 Based on number of parts Packaging $15,100 Based on number of finished units Watson's Computer Company expects to produce 2330 computers. Watson's Computer Company also expects to use 11,000 parts and have 10 setups.The allocation rate for materials handling will be (Round all answers to two decimal places.) Question 16 options: $5.00 $6.48 $8.40 $23.61
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