eBook Salaries $507,000 Creating BOMS 0.4 hr. No. of BOMs Equipment Supplies 92,000 Designing tools 3.2 hrs. No. of tool designs 31,000 Improving processes 1.1 hrs. Process improvement hrs. Total $630,000 Training employees Studying capabilities 2 hrs. No. of training sessions 2 hrs. Study hours Total machine and labor hours (at practical capacity): Machine hours 2,000 Engineering hours Total hours 18.000 20,000 The activity, designing tools, uses the number of tools designed as the activity driver. Using a traditional approach, the cost of the designing tools activity was determined to be $178,000 with an expected activity output of 1,000 for the coming year. During the first week tools, respectively. Required: 1. Calculate the capacity cost rate for the Manufacturing Engineering Department. Round your answer to the nearest cent. 1.5 per hour 2. Using the capacity cost rate, determine the activity rates for each activity. Round your answers to the nearest cent. Activity Rates Creating BOMs Designing tools E Improving processes Training employees per BOM per tool design per process improvement hr. per training session Studying capabilities per study hour 3. Calculate the cost of designing tools that would be assigned to each job using the TDABC-derived activity rate and then repeat using the traditional ABC rate. Job 150 TDABC 5 ABC Job 151 the year, two jobs (Job 150 and Job 151) had a demand 10 and 210 new 4. Now suppose that time for creating BOMs is 0.4 for a standard product but that creating a BOM for a custom product adds an additional 0.2 hour. Express the time equation for this added complexity. Round your answers to two decimal places. Place the amounts left to right, lowest to highest. BOM time = 0.4 = 0.2 Calculate the activity rate for the activity of creating a BOM for custom products. Round your answer to the nearest cent. per BOM Email Instructor Save and Ent Next > TDABC Bob Russo, cost accounting manager for Hemple Products, was asked to determine the costs of the activities performed within the company's Manufacturing Engineering Department. The department has the following activities: creating bills of materials (BOMs), studying manufacturing capabilities, improving manufacturing processes, training employees, and designing tools. The resource costs (from the general ledger) and the times to perform one unit of each activity are provided below. Resource Costs Activities Unit Time Driver Salaries $507.000 Creating BOMs 0.4 hr. No. of BOMs Equipment Supplies 92.000 Designing tools 3.2 hrs. No. of tool designs 31,000 Total $630,000 Improving processes Training employees Studying capabilities 1.1 hrs. Process improvement hrs. 2 hrs. 2 hrs. No. of training sessions Study hours Total machine and labor hours (at practical capacity): Machine hours 2,000 Engineering hours 18,000 Total hours 20,000 The activity, designing tools, uses the number of tools designed as the activity driver. Using a traditional approach, the cost of the designing tools activity was determined to be $178,000 with an expected activity output of 1,000 for the coming year. During the first week of the year, two jobs (Job 150 and Job 151) had a demand for 10 and 20 m tools, respectively. Required: 1. Calculate the capacity cost rate for the Manufacturing Engineering Department. Round your answer to the nearest cent. 1.5 per hour 2. Using the capacity cost rate, determine the activity rates for each activity. Round your answers to the nearest cent. Creating BOMs Designing tools Activity Rates per BOM per tool design Improving processes Training employees Studying capabilities per process improvement hr. per training session per study hour 2. Calculate the cost of designing tools that would be assigned to each job using the TDABC-derived activity rate and then repeat using the traditional ABC rate. ecimal alene Blaen the amount Infm right Pervcoust

Graded Practice i Saved Activity Budgeted Cost Activity Cost Driver Usage Machine hours (MH) 7,400 Setups 180 Activity Machining Process Assembly Setups $ 310,600 24,000 $ 334,600 Finishing Inspecting $ 226,000 Support Purchasing $ 132,000 Inspections 760 Purchase orders 480 Additional production information concerning its two models follows. Units and Activities Units produced ces Machine hours Setups Inspections Purchase orders 3 Model X Model Z 1,600 3,200 2,200 5,200 60 120 480 280 320 160 Per Unit Selling price per unit Model X $ 410 Model Z $ 390 Direct materials cost per unit 145 115 Direct labor cost per unit 130 145 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). 40 % 4 5 A- +4 < Prev 4 of 4 Next no f O…

Q. 2 Índigo manufacturing has five activity cost pools and two products ( a budget tape vacuum and a deluxe tape vacuum). Information is presented below:

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eBook Show Me How Support department cost allocation-reciprocal services method Davis Snowflake & Co. produces Christmas stockings in its Cutting and Sewing departments. The Maintenance and Security departments support the production of the stockings. Costs from the Maintenance Department are allocated based on machine hours, and costs from the Security Department are allocated based on asset value. Information about each department is provided in the following table: Machine hours Asset value Department cost Maintenance Department Security Department Cutting Department Sewing Department 800 2,000 8,400 9,600 $2,000 $29,520 $1,430 $13,120 $3,000 $67,000 $5,000 $78,000 Determine the total cost of each production department after allocating all support department costs to the production departments using the reciprocal services method. Sewing Department Cutting Department < Production departments' total costs 83,976 X 117,184 X Feedback Check My Work The reciprocal services method…

PoF bussiness stats bool.pdf cost accounting book.pdf E Chapter 1.pdf x + PRE PDF O File | C:/Users/RASAB/Downloads/Chapter%201%20.pdf P1-8 Job order cost; journal entries; ending work in process; inventory analysis Hidalgo Company manufactures goods to special order and uses a joh order cost system. During its first month of operations, the following selected transactions took place: LO7 a. Materials purchased on account $37,000 b. Materials issued to the factory: Job 101 $ 2,200 Job 102 5,700 Job 103 7,100 Job 104 1,700 For general use in the factory 1,350 c. Factory wages and salaries earned: Job 101 $ 2,700 Job 102 6,800 Job 103 9,200 Job 104 ..... 2,100 For general work in the factory 2,250 d. Miscellaneous factory overhead costs on account ... $ 2,400 e. Depreciation of $2,000 on the factory machinery recorded. f. Factory overhead allocated as follows: Job 101 $ 1,200 Job 102 2,000 Job 103 3,800 Job 104 ... 1,000 g. Jobs 101, 102, and 103 completed. h. Jobs 101 and 102 shipped to…

eBook Given the following information, prepare a production report with materials added at the beginning and ending work in process inventory being 20% complete with regard to conversion costs. Costs to Account for     Units to Account for   Beginning inventory: materials   $5,000 Beginning work in process 3,000 Beginning inventory: conversion   1,100 Units started into production 85,000 Direct material   25,620 Transferred out 83,000 Direct labor   35,000     Applied overhead   12,500     Transferred-in materials   8,100     Transferred-in conversion   10,200     Total costs to account for   $97,520     Enter all amounts as positive values. If required round "Cost per unit" answers to two decimal places. Production Report Completed and transferred out fill in the blank 1     Ending work in process fill in the blank 2     Total units to account for fill in the blank 3             Work in process completion percent 100% 20%     Material Units…