A D Lemon-Lime Root Beer $105,000 25,000 60,000 110,000 4,000 20,000 $324,000 50,000 Orange Cola $ 7,600 2 Concentrate 3 Water 4 Sugar 5 Bottles 6 Flavor changeover 7 Conversion cost 8 Total cost transferred to finished goods 9| Number of cases $ 4,625 $129,000 30,000 1,250 2,000 3,000 72,000 4,800 8,800 10,000 5,500 132,000 3,000 4,800 24,000 $19,125 $391,800 2,500 1,750 2,800 $36,000 4,000 60,000 10

Snapware Systems produces commercial strength cleansing supplies. Two of its main products are window cleaner that uses ammonia, and floor cleaner that uses bleach. Information for the most recent period follows: Product Names Window Cleaner (ammonia) Floor Cleaner (bleach) Direct materials information:     Standard ounces per unit 16 oz. 24 oz. Standard price per ounce $0.75 ? Actual quantity used per unit 20 oz. 22 oz. Actual price paid for material $1.00 $0.90 Actual quantity purchased and used 1,500 oz. 2,800 oz.. Price variance ? $300 U Quantity variance $1,500 U ? Total direct materials variance ? $678 F Number of units produced 500 600 What is the standard price for bleach?   Select one: a. $0.88/oz. b. $1.09/oz. c. $1.14/oz. d. $0.79/oz. e. $0.92/oz.

Campbell Electronics produces video games in three market categories: commercial, home, and miniature. Campbell has traditionally allocated overhead costs to the three products using the companywide allocation base of direct labor hours. The company recently implemented an ABC system when it installed computer-controlled assembly stations that rendered the traditional costing system ineffective. In implementing the ABC system, the company identified the following activity cost pools and cost drivers: Category Unit Batch Product Facility Additional data for each of the product lines follow: Direct materials cost Direct labor cost Number of labor hours Number of machine hours Number of production orders Research and development time Number of units. Square footage Required Total Pooled Cost $ 376,000 206,400 109,600 304,000 Type of Product a. Commercial a. Home a. Miniature Combined total b. Commercial b. Home b. Miniature Combined total Types of Costs Indirect labor wages, supplies,…

Shanghai Company sells glasses, fine china, and everyday dinnerware. It uses activity-based costing to determine the cost of the shipping and handling activity. The shipping and handling activity has an activity rate of $12 per pound. A box of glasses weighs 2 pounds, a box of fine china weighs 4 pounds, and a box of everyday dinnerware weighs 6 pounds. a Determine the shipping and handling activity cost to be allocated to each unit of product. Glasses Fine China Everyday dinnerware b Determine the total shipping and receiving costs to be allocated to the fine china if 2,300 boxes are shipped.

DK manufactures three products, W, X and Y. Each product uses the same materials and the same type of direct labour but in different quantities. The company currently uses a cost plus basis to determine the selling price of its products. This is based on full cost using an overhead absorption rate per direct labour hour. However, the managing director is concerned that the company may be losing sales because of its approach to setting prices. He thinks that a marginal costing approach may be more appropriate, particularly since the workforce is guaranteed a minimum weekly wage and has a three month notice period.e a) Given the managing director's concern about DK's approach to setting selling prices, discuss the advantages and disadvantages of marginal cost plus pricing AND total cost-plus pricing. The direct costs of the three products are shown below: Product- Budgeted annual production (units) 15,000- 24,000 20,000 $ per unita $ per unite $ per unita Direct materials 354 40 45a…

Chocolate Bars, Inc. (CBI), manufactures creamy deluxe chocolate candy bars. The firm has developed three distinct products: Almond Dream, Krispy Krackle, and Creamy Crunch. CBI is profitable, but management is quite concerned about the profitability of each product and the product costing methods currently employed. In particular, management questions whether the overhead allocation base of direct labor-hours accurately reflects the costs incurred during the production process of each product. Skipped In reviewing cost reports with the marketing manager, Steve Hoffman, who is the cost accountant, notices that Creamy Crunch appears exceptionally profitable and that Almond Dream appears to be produced at a loss. This surprises both him and the manager, and after much discussion, they are convinced that the cost accounting system is at fault and that Almond Dream is performing very well at the current market price. Steve decides to hire Jean Sharpe, a management consultant, to study the…

Smokey Jack's BBQ makes only one product-BBQ sauce. However, they have several different flavors of BBQ sauces. How would Smokey Jack's cost accounting differ if they used a process cost system compared to a job-order cost system? O Under a process cost system, product-related costs would be allocated to products based on each batch or flavor of BBQ sauce that was made. Under a job-order cost system, product-related costs would be allocated to products based on how many units of BBQ sauce were made in a one-month period, regardless of flavor. O Under a process cost system, product-related costs would be traced from raw materials to finished product for each individual unit. Under a job-order cost system, product-related costs would be allocated to products based on how many units of BBQ sauce were made in a one-month period, regardless of flavor. O Under a process cost system, product-related costs would be allocated to products based on how many units of BBQ sauce were made in a…