Classify each of the cost items ​(​a-h​) into one of the business functions of the value chain.   Cost Item Value Chain Business Function a. Utility costs for the plant assembling the Latitude computer line of products     b. Distribution costs for shipping the Latitude line of products to a retail chain   c. Payment to David Newbury Designs for design of the XPS 2-in-1 laptop

Define value chain and classification of costs for “Utility costs for the plant assembling the Latitude computer line of products.”

: Al Rawabi company consist of two support departments (Administration and R& D) and two operating departments (Manufacturing & Assembling). The cost of Administration department is allocated based on number of employees and the cost of R& D department is allocated based on research hours. The table below shows the cost details. Allocate the cost of the support departments to the operating departments using direct method. How much is the Assembling department total cost after cost allocation: Support Departments Operating Departments Admin R&D Manufacturing Assembling Total Cost Cost: Salaries 30000 60000 44000 70000 204000 Supplies 10000 30000 25000 30000 95000 Total 40000 90000 69000 100000 299000 Allocation Base: Research Hours 200 300 450 250 Number of Employees 7 10 9. 13 Select one: O a. RO 155775 O b. 162090.3 O c. RO 143225 O d. RO 136909.7

Classify each of the following costs as Product (direct/indirect) or Period and Variable, Fixed or Mixed. Costs Wages of assembly-line workers Depreciation of plant equipment Glue and nails for production Outbound delivery expense Raw materials handling costs Salary of marketing manager Production run setup costs Administrative office utilities Electricity cost of retail stores Research and development expense Product (Direct/Indirect) or Period Variable/Fixed/Mi

Using excel spreadsheet models answer the following below.  Using the Direct Method allocate the service centre costs Using the Step Method allocate the service centre costs Using the Reciprocal Method allocate service centre costs

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Central Perk, LLC, a manufacturer of coffee beans, is considering switching its operations to an Activity Based Costing system. The following manufacturing overhead activities and cost drivers have been identified: Activity. Machine setup Machine assembly Product inspection Product movement General factory Cost Driver Number of machine setups Machine hours logged Inspection hours logged Number of moves Machine hours logged Based on the above descriptions, which of the following correctly pairs the activity with its appropriate cost level? O A. Product Inspection... batch level cost OB. Product Movement... facility level cost O C. Machine Assembly... unit level cost O D. General Factory... batch level cost O E. Machine Setup... unit level cost

Companies that produce a variety of products need a costing system that allocates costs based on the varying resource demands of each product. Activity-based costing systems identify activities as the cost objects. An activity-based system (ABC) identifies activities as fundamental cost objects. Costs are then assigned to the activities and allocated to the individual products. Unlike simple systems, ABC systems calculate costs of individual activities to cost products. What is activity-based management and how can it be used to improve the profitability of a company. In this discussion, be sure to compare and contrast your understanding of activity-based costing.   Identify a simple product and explain the different cost drivers used in making that product.

Concepts and Terminology From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences: Appr Sentence comp a. An example of factory overhead is (electricity used to run assembly line, CEO salary). b. Direct materials costs combined with direct labor costs are called (prime, conversion) costs. c. Long-term plans are called (strategic, operational) plans. d. Materials for use in production are called (supplies, materials inventory). e. The phase of the management process that uses process information to eliminate the source of problems in a process so that the process delivers the correct product in the correct quantities is called (directing, improving). f. The plant manager's salary would be considered (direct, indirect) to the product. g. The salaries of salespeople are normally considered a (period, product) cost. Previous Next