Solomon Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed selling and administrative cost Fixed manufacturing cost $ 8.50 per unit $ 3.80 per unit $ 2,600 total $ 800 total Solomon planned to produce and sell 3,000 units. Actual production and sales amounted to 3,100 units.
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- Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow: a. Determine the activity rate for each activity. b. Use the activity rates in (a) to determine the total and per-unit activity costs associated with each product. Round to the nearest cent.Cicleta Manufacturing has four activities: receiving materials, assembly, expediting products, and storing goods. Receiving and assembly are necessary activities; expediting and storing goods are unnecessary. The following data pertain to the four activities for the year ending 20x1 (actual price per unit of the activity driver is assumed to be equal to the standard price): Required: 1. Prepare a cost report for the year ending 20x1 that shows value-added costs, non-value-added costs, and total costs for each activity. 2. Explain why expediting products and storing goods are non-value-added activities. 3. What if receiving cost is a step-fixed cost with each step being 1,500 orders whereas assembly cost is a variable cost? What is the implication for reducing the cost of waste for each activity?Zachary Manufacturing Company established the following standard price and cost data. Sales price $ 8.60 per unit Variable manufacturing cost 4.00 per unit Fixed manufacturing cost 2,900 total Fixed selling and administrative cost 800 total Zachary planned to produce and sell 2,100 units. Actual production and sales amounted to 2,300 units. Required Prepare the pro forma income statement in contribution format that would appear in a master budget. Prepare the pro forma income statement in contribution format that would appear in a flexible budget. Prepare the pro forma income statement in contribution format that would appear in a master budget. ZACHARY MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 0 $0 Prepare the pro forma income statement in contribution format that would appear in a flexible budget.…
- Walton Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost. $8.40 per unit $ 3.40 per unit $ 2,300 total $700 total Fixed selling and administrative cost Walton planned to produce and sell 2,600 units. Actual production and sales amounted to 2,800 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget. Complete this question by entering your answers in the tabs below. Required A Required B. Prepare the pro forma income statement in contribution format that would appear in a master budget. WALTON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,600 Units $ 0 0 Required BSolomon Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost $ 8.20 per unit $ 3.50 per unit $ 2,700 total $ 900 total Fixed selling and administrative cost Solomon planned to produce and sell 2,200 units. Actual production and sales amounted to 2,400 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the pro forma income statement in contribution format that would appear in a master budget. SOLOMON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,200 Units 0Perez Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost $ 8.98 per unit $ 3.40 per unit Fixed manufacturing cost Fixed selling and administrative cost $ 2,000 total $ 600 total Perez planned to produce and sell 2,300 units. Actual production and sales amounted to 2,600 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the proforma Income statement in contribution format that would appear in a flexible budget. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the pro forma income statement in contribution format that would appear in a master budget. PEREZ MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,300 Units
- Benson Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost $ 8.00 per unit $3.40 per unit $ 2,400 total $900 total Fixed manufacturing cost Fixed selling and administrative cost Bertson planned to produce and sell 2,700 units. Actual production and sales amounted to 3,000 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget Complete this question by entering your answers in the tabs below. Required A Required Prepare the pro forma income statement in contribution format that would appear in a master budget. BENSON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,700 Units oS Baird Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.90 per unit $ 3.60 per unit $2,000 total $700 total Baird planned to produce and sell 2,800 units. Actual production and sales amounted to 3,000 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the pro forma income statement in contribution format that would appear in a master budget. BAIRD MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,800 Units 0 $ 0 Required A Required B >Rundle Manufacturing Company established the following standard price and cost data. Sales price $ 8.20 per unit Variable manufacturing cost 3.90 per unit Fixed manufacturing cost 3,000 total Fixed selling and administrative cost 800 total Rundle planned to produce and sell 2,600 units. Actual production and sales amounted to 2,700 units. Required Prepare the pro forma income statement in contribution format that would appear in a master budget. Prepare the pro forma income statement in contribution format that would appear in a flexible budget.
- Walton Manufacturing Company established the following standard price and cost data. Sales price $8.20 per unit Variable manufacturing cost $3.60 per unit Fixed manufacturing cost $ 2,200 total Foxed selling and administrative cost $ 500. total Walton planned to produce and sell 2, 100 units. Actual production and sales amounted to 2, 300 units. Required Prepare the pro forma income statement in contribution format that would appear in a master budget. Prepare the pro forma income statement in contribution format that would appear in a flexible budgetA company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activities are shown in the following table: Activity Activity 1 Activity 2 Activity 3 Budgeted Cost $ 74,000 $ 49,000 $ 90,000 Select one: O a. $83,708.19 O b. $65,450.72 Oo. $213,000.00 O d. $74,000.00 Oe. $63,322.32 Activity Cost Driver Square feet Units inspected Setups Budgeted Activity Product B Product A 6,400 7,400 2,900 9,400 15,400 1,400 Product C 20,400 8,400 2,025 How much overhead will be assigned to Product B using activity-based costing? (Do not round intermediate calculations and round the final answer to 2 decimal places.)A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Budgeted Activity Budgeted Activity Cost Pool Cost Product A Product B Product C Activity 1 $70,000 6,000 9,000 Activity 2 $45,000 7,000 15,000 Activity 3 $82,000 2,500 1,000 What are the activity rates for the three activities under activity based costing? O (1) $2.00; (2) $3.00; (3) $3.50. O (1) $3.50; (2) $1.50; (3) $32,80. O (1) $3.50; (2) $3.00; (3) $16.00. O (1) $2.00; (2) $1.50; (3) $16.00. O (1) $2.00; (2) $1.50; (3) $32.80. Question 9 F2 F7 -0- 2 F3 O+ # 3 F4 BJ LA $ 4 F5 N F6 % 5 6 20,000 8,000 1,625 F8 $ & 7 F9