i need the answer quickly Byron Truck Repair uses a specialized hydraulic lift to work on trucks and busses. Data on the lift and its usagefollow:Resources usedOperationMaintenanceOperationResources suppliedMaintenanceCost Driver RateCost Driver Volume$5.00 per lift-hour$ 8.00 per job3,260 lift-hours544 jobs$ 20,000$ 10,700Required:Compute the cost of unused resource capacity in operation and maintenance for Byron Truck Repair.OperationMaintenanceUnusedResourceCapacity

Unused resource capacity means the capacity which remain unused out of the total capacity available.…

Byron Truck Repair uses a specialized hydraulic lift to work on trucks and busses. Data on the lift and its usage follow. Cost Driver Volume Resources used Operation Maintenance Resources supplied Operation Cost Driver Rate $5.00 per lift-hour $ 8.00 per job 3,260 lift-hours 544 jobs $ 20,000 $ 10,700 Maintenance Required: Compute the cost of unused resource capacity in operation and maintenance for Byron Truck Repair. Operation Maintenance Unused Resource Capacity

Byron Truck Repair uses a specialized hydraulic lift to work on trucks and busses. Data on the lift and its usage follow. Cost Driver Volume Resources used Operation Maintenance Resources supplied Operation Cost Driver Rate $5.00 per lift-hour $ 8.00 per job 3,260 lift-hours 544 jobs $ 20,000 $ 10,700 Maintenance Required: Compute the cost of unused resource capacity in operation and maintenance for Byron Truck Repair. Operation Maintenance Unused Resource Capacity

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 4EA: Hicks Contracting collects and analyzes cost data in order to track the cost of installing decks on...

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Byron Truck Repair uses a specialized hydraulic lift to work on trucks and busses. Data on the lift and its usage follow Cost Driver Rate Cost Driver Volume Resources used Operation Maintenance $ 6.00 per lift-hour $8.50 per job 3,310 lift-hours 548 jobs Resources supplied Operation $ 24,000 $ 11,200 Maintenance Required: Compute the cost of unused resource capacity in operation and maintenance for Byron Truck Repair. Operation Maintenance Unused Resource Capacity
Byron Truck Repair uses a specialized hydraulic lift to work on trucks and busses. Data on the lift and its usage follow: Resources used Operation Maintenance Cost Driver Rate $6.00 per lift-hour $ 4.50 per job Resources supplied Operation Maintenance Sales revenue from truck repair totaled $32,000. $ 18,000 $ 2,700 Required: a. Prepare a traditional income statement. b. Prepare an activity-based income statement. Cost Driver Volume 2,460 lift-hours 480 jobs Complete this question by entering your answers in the tabs below.
Splish Brothers is a trucking company. It provides local, short-haul, and long-haul services. It has developed the following three cost pools. Activity Cost Pool Cost Drivers EstimatedOverhead Estimated Use ofCost Driverper Activity Loading and unloading Number of pieces $97,130 88,300 Travel Miles driven 443,250 591,000 Logistics Hours 82,880 2,960 (a) Compute the activity-based overhead rates for each pool. (Round answers to 2 decimal places, e.g. 12.75.) Activity Cost Pool Activity-BasedOverhead Rate Loading and unloading per piece Travel per mile Logistics per hour Please fill in the table.
Wykes Metal Working uses a special lathe to shape components. Data on the lathe and its usage follow: Resources used Energy Repairs Resources supplied Energy Repairs Energy Repairs Cost Driver Rate Unused Resource Capacity $ 2.45 per machine-hour $ 5.45 per job $ 6,400 $ 5,250 Cost Driver Volume Required: Compute the cost of unused resource capacity in energy and repairs for Wykes Metal Working. 2,140 machine-hours 720 jobs
1 viyalization-sustaining activity. The following COSTS will be assigned using the activity-based Costing system. Driver and guard wages Vehicle operating expense Vehicle depreciation Customer representative salaries and expenses oints Office expenses Administrative expenses Total cost $ 920,000 350,000 230,000 260,000 120,000 420,000 $2,300,000 eBook The distribution of resource consumption across the activity cost pools is as follows: Hint Pickup and Travel Delivery Customer Service Other Totals Driver and guard wages 50% 35% 10% 5% 100% Print Vehicle operating expense 70% 5% 0% 25% 100% Vehicle depreciation 60% 15% 0% 25% 100% Customer representative salaries and 0% 0% 90% 10% 100% expenses Office expenses 0% 20% 30% 50% 100% Administrative expenses 0% 5% 60% 35% 100% Mc Graw Hill Required: Complete the first stage allocations of costs to activity cost pools. Driver and guard wages Vehicle operating expense Vehicle depreciation Customer representative salaries and expenses Office…
eBook Carlton's Kitchen's three cost pools and overhead estimates are as follows: Activity Cost Pool Cost Driver EstimatedOverhead Use perProduct A Use perProduct B Machine Setups Setups $162,000 5,000 4,000 Assembly Number of Parts 68,000 24,000 44,000 Machine Maintenance Machine Hours 150,000 13,000 37,000 Compare the overhead allocation using (A) the traditional allocation method and (B) the activity-based costing method. (Hint: the traditional method uses machine hours as the allocation base.) For those boxes in which you must enter subtractive or negative numbers use a minus sign. Product A Product B Total Overhead (ABC) $fill in the blank 1 $fill in the blank 2 Total overhead (traditional) fill in the blank 3 fill in the blank 4 Difference $fill in the blank 5 $fill in the blank 6
ABC Company has an ABC system with three pools: Total cost in cost pool Activity Machine setups Customer service Maintenance $18,500 $5,000 Cost Driver $29,000 #setups O $9,000 #orders not enough information machine- hours $13,000 $6,000 $10,000 Compute total capacity costs allocated to product X. Activity volume (#cost driver units) Product X Product Y Total 45 15 25 20 5 25 65 20 50
ABC Company has an ABC system with three pools: Total cost in cost pool Total $13,000 Activity Product X Machine setups Customer service Maintenance Cost Driver Product Y #setups #orders machine- hours $6,000 $10,000 Compute total capacity costs allocated to product X. Group of answer choices $29,000 $9,000 $18,500 $5,000 not enough information Activity volume (#cost driver units) 45 15 25 20 65 5 20 25 50
Hicks Contracting collects and analyzes cost data in order to track the cost of installing decks on new home construction jobs. The following are some of the costs that they incur. Classify these costs as fixed or variable costs and as product or period costs. Lumber used to construct decks ($12.00 per square foot) Carpenter labor used to construct decks ($10 per hour) Construction supervisor salary ($45,000 per year) Depreciation on tools and equipment ($6,000 per year) Selling and administrative expenses ($35,000 per year) Rent on corporate office space ($34,000 per year) Nails, glue, and other materials required to construct deck (varies per job)
Lampierre makes brass and gold frames. The company computed this information to decide whether to switch from the traditional allocation method to ABC: The estimated overhead for the material cost pool is estimated as $12,500, and the estimate for the machine setup pool is $35,000. Calculate the allocation rate per unit of brass and per unit of gold using: A. The traditional allocation method B. The activity-based costing method
Fellar Corporation has identified the following information: Activity pools Materials handling Machine maintenance Cost drivers Number of material moves Number of machine hours $ 40,320 $ 32,400 Number of material moves Number of machine hours 720 81,000 Required: 1. Calculate the activity rate for each activity pool. 2. Determine the amount of overhead assigned to Fellar's products if they have the following activity demands: Product A 550 41,500 Product B 170 39,500 3. Using activity proportions, determine the amount of overhead assigned to Fellar's products.
Maching hours Production runs 9,800 20 21,600 16 5,900 28 Requlred: a. Calculate the activity rate for each activity, (Round your answers to 2 decimal places.) Activlty Pool Activity Rate Material Handling Machine Maintenance 37 Setups b. Determine the amount of indirect costs assigned to each of the products. (Do not round your intermediate calculations. Round your answers to 2 declmal places.) Models Cost Econamy Standard Premium