IN EXCEKL FORMAT Given the following cost table for an assignment problem, determine the optimal assignment and computetotal minimum cost:MachineOperatorABCD1$10$2$ 8$ 6295119312714144.Y142

To solve the assignment problem and determine the optimal assignment with the minimum total cost,…

Answered: Given the following cost table for an…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter3: Cost Behavior

Section: Chapter Questions

Problem 12E: For the following activities and their associated resources, identify the following: (1) a cost...

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Please refer to the picture below: Find: 1. Using Direct Method, how much service costs will be allocated to P1?2. Using Direct Method, how much total service costs will be allocated to P2?3. Using Step Method (allocate S1 first), how much total service costs will be allocated to P1?4. Using Step Method (allocate S1 first), how much total service costs will be allocated to P2?
Exercise 21-3 (Algo) Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 12,000 units) follows. Fixed Budget Sales (12,000 units x $216 per unit) Costs Direct materials Direct labor Indirect materials 2,592,000 Supervisor salary Sales commissions Shipping Administrative salaries Depreciation-Office equipment Insurance 300,000 504,000 324,000 100,000 96,000 192,000 150,000 120,000 90,000 100,000 616,000 Office rent Income 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 10,000 units and 14,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total variable cost per unit. Total variable cost per unit
In a homogeneous cost pool, all costs have a similar cause-and-effect relationship with the cost- allocation base. Select one: O True O False Previous page Next page cam Jump to... Return to: General 23°C aio
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Compute for the total cost accounted for using FIFO.
Q1. List the two types of fixed costs and give example. Q2. Present and explain the equation of the total mixed cost line. Q3. Why use an allocation base?
Using the data in E4-2 and spreadsheet software, determine: The variable cost per unit, the total fixed cost, and R2. The plotted data points using the graphing function. Compare the results to your solutions in E4-2 and E4-3 and explain the reasons for the results.
CAN SOMEONE EXPLAIN TO ME HOW DO I FILL IN THE MISSING BLANKS? KEYWORDS -LIFO -FIFO -AVERAGE COST -LOWEST -HIGHEST
Directions: Read the following sentences. Write the letter “T” if the statement is True and “F” if the statement is False. Write your answer on the space before the number. You may view this test at our google class. __________4. LCNRV should always be equal to net realizable value. __________5. Lower of cost and net realizable value gives the lowest valuation if applied to individual item of inventory. __________6. The amount of any writedown of inventory to net realizable value and all losses of inventory should be recognized as operating expense in the period the writedown or loss occurs. __________7. Professional fee arising directly from the acquisition of property and equipment are recognized as expense immediately. __________8. Exchange has a commercial substance when the exchange result in the difference in future cash flows. __________9. The cost of abnormal amounts of wasted materials is not included in the cost of self-constructed assets. __________10. An asset is not…
Directions: Read the following sentences. Write the letter “T” if the statement is True and “F” if the statement is False. Write your answer on the space before the number. You may view this test at our google class. __________4. LCNRV should always be equal to net realizable value. __________5. Lower of cost and net realizable value gives the lowest valuation if applied to individual item of inventory. __________6. The amount of any writedown of inventory to net realizable value and all losses of inventory should be recognized as operating expense in the period the writedown or loss occurs. __________7. Professional fee arising directly from the acquisition of property and equipment are recognized as expense immediately
When using the visual-fit method to estimate a cost function, we can estimate the fixed cost by O the point where the sketched line (through all or most of the data points) intersects the y-axis O calculating the variable cost per unit of the cost driver O the point where the sketched line (through all or most of the data points) intersects the x-axis O subtracting the variable cost at any cost driver level from the total cost
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Given the following cost table for an assignment problem, determine the optimal assignment and compute total minimum cost: Machine Operator A B C D 1 $10 $2 $ 8 $ 6 2 9 5 11 9 3 12 7 14 14 4. Y 1 4 2