Klumper Corporation Is a diversified manufacturer of Industrial goods. The company's activity-based costing system contalnsthe following stx activity cost pools and activity rates:Activity Cost PoolSupporting direct laborMachine processingMachine setupsProduction ordersActivity Rates$8 per direct labor-hour$ 3 per machine-hour$ 35 per setup$ 160 per order$ 120 per shipment$ 875 per productShipmentsProduct sustainingActivity data have been supplied for the following two products:Total Expected ActivityK425M67Number of units produced per year2,00050200Direct labor-hours1,8253,48013Machine-hours40Machine setupsProduction ordersShipmentsProduct sustaining2132262Requlred:How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system?Activity Cost PoolK425M67Supporting direct laborMachine processingMachine setupsProduction ordersShipmentsProduct sustainingTotal overhead cost이 $ Foam Products, Incorporated, makes foam seat cushlons for the automotive and aerospace Industries. The company's activity-based costing system has four activity cost pools, which are listed below along with their activity measures and activity rates:Activity Cost PoolSupporting direct laborBatch processingOrder processingCustomer serviceActivity MeasureNumber of direct labor-hoursActivity Rate$ 11 per direct labor-hour$ 93 per batch$ 298 per order$ 2,611 per customerNumber of batchesNumber of ordersNumber of customersThe company Just completed a single order from Interstate Trucking for 1,900 custom seat cushlons. The order was producedIn five batches. Each seat cushlon required 0.4 direct labor-hours. The selling price was $142.20 per unit, the direct materialscost was $111 per unit, and the direct labor cost was $14.60 per unit. This was Interstate Trucking's only order during the year.Required:Calculate the customer margin on sales to Interstate Trucking for the year.Interstate TruckingCustomer Margin-ABC AnalysisCosts:Customer margin

Name: Klumper Corporation Is a diversified manufacturer of Industrial goods
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Description: Klumper Corporation Is a diversified manufacturer of Industrial goods. The company's activity-based costing system contalnsthe following stx activity cost pools and activity rates:Activity Cost PoolSupporting direct laborMachine processingMachine se

Overheads are the indirect expenses which are not traceable directly on the cost object.

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Klumper Corporation is a divers the following stx activity cost pools and activity rates: manufacturer of Industrial goods. The company's activity-oased costing system contalns Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity Rates $8 per direct labor-hour $ 3 per machine-hour $ 35 per setup $ 160 per order $ 120 per shipment $ 875 per product Activity data have been supplied for the following two products: Total Expected Activity K425 200 1,025 3,400 13 13 26 2 M67 Number of units produced per year Direct labor-hours 2,000 50 40 Machine-hours Machine setups Production orders 2 Shipments Product sustaining Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system?

Klumper Corporation is a divers the following stx activity cost pools and activity rates: manufacturer of Industrial goods. The company's activity-oased costing system contalns Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity Rates $8 per direct labor-hour $ 3 per machine-hour $ 35 per setup $ 160 per order $ 120 per shipment $ 875 per product Activity data have been supplied for the following two products: Total Expected Activity K425 200 1,025 3,400 13 13 26 2 M67 Number of units produced per year Direct labor-hours 2,000 50 40 Machine-hours Machine setups Production orders 2 Shipments Product sustaining Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system?

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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CanCo Company manufactures a single product. The company keeps careful records of manufacturing activities, from which the following Information has been extracted: Number of units produced Cost of goods manufactured Work-in-process inventory, beginning Work-in-process inventory, ending Direct materials cost per unit Direct labour cost per unit Manufacturing overhead cost, total Manufacturing overhead cost Y= Level of Activity March The company's manufacturing overhead cost consists of both variable and fixed cost elements. To have data available for planning, management wants to determine how much of the overhead cost is variable with units produced and how much of it is fixed per month. $ 5,200 $260,800 31,000 53,000 Required: 1. For both March and June, determine the amount of manufacturing overhead cost added to production. (Hint: A useful way to proceed might be to construct a schedule of cost of goods manufactured.) Cost of goods manufactured Answer is complete but not entirely…
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Larner Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Labor-related Machine-related Machine setups Production orders Shipments $ 140.00 per shipment General factory $ 7.00 per direct labor-hour Cost and activity data have been supplied for the following products: Direct labor-hours Machine-hours Machine setups Production orders Shipments Activity Rates $7.00 per direct labor-hour Direct materials cost per unit Direct labor cost per unit Number of units produced per year $7.00 per machine-hour $30.00 per setup $200.00 per order Unit product cost Total Expected Activity J78 378 1,200 2,200 6 5 7 B52 30 50 1 1 1 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) B52 378 $5.50 $ 4.75 4,000 B52 $32.00 $9.00 100
Larner Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Rates $8.00 per direct labor-hour Activity Cost Pool Labor-related Machine-related Machine setups Production orders Shipments $9.00 per machine-hour $ 50.00 per setup $100.00 per order $ 180.00 per shipment General factory $9.00 per direct labor-hour Cost and activity data have been supplied for the following products: Direct materials cost per unit Direct labor cost per unit Number of units produced per year Direct labor-hours Machine-hours Machine setups Production orders Shipments Unit product cost Total Expected Activity J76 379 900 2,900 4 8 12 852 50 20 B52 4 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) 378 $ 4.50 $ 4.75 4,000 852 $ 45.00 $10.00. 500
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Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Activity Rate $7 per direct labor-hour $4 per machine-hour $ 45 per setup Production orders. $ 160 per order Shipments $ 130 per shipment Product sustaining $ 900 per product Activity data have been supplied for the following two products: Number of units produced per year Direct labor-hours Machine-hours Machine setups Production orders Shipments Product sustaining Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Total overhead cost $ K425 Total Expected Activity K425 M67 2,000 0 $ 200 1,000 3,000 5 5 Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system? M67 10 1 30 20 1 1 0 1 1
A company has provided the following data from its activity-based costing accounting system: Indirect factory wages Factory equipment depreciation S 27,000 $ 204,000 Distribution of Resource Consumption across Activity Cost Pools: Activity Cost Pools Indirect factory wages Factory equipment depreciation Product Processing 48% 25% Customer Orders Other 38 128 Total 100% 100% 63% The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs that are not assigned to products. Required: a. Determine the total amount of indirect factory wages and factory equipment depreciation costs that would be allocated to the Product Processing activity cost pool. b. Determine the total amount of indirect factory wages and factory equipment depreciation costs that would NOT be assigned to products. Complete this question by entering your answers in the tabs below. Required A Required B Determine the total amnount of indirect factory wages and factory equipment…