Certain discretionary activities of a company may be conducive to the development of standards similar to...
Certain discretionary activities of a company may be conducive to the development of standards similar to manufacturing standards. The costs that have known relationships to quantifiable activity bases are called:
a.committed costs.
b.avoidance costs.
c.engineered costs.
d.discretionary costs.
Homework Answers
correct option is C .
the costs that have known relationship to quantifiable activity bases are engineered costs .
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Certain discretionary activities of a company may be conducive
to the development of standards similar to...
To measure benefits from the discretionary cost activity called prevention and appraisal quality activities, a company...
To measure benefits from the discretionary cost activity called prevention and appraisal quality activities, a company might use which of the following surrogate measure of results? A.The reduction in customer complaints. B.The number of clients serviced. C.The reduction in unplanned downtime. D.The number of useful suggestions made by the CFO.
Setting standards for a product may involve many employees of the company. Identify some of the...
Setting standards for a product may involve many employees of
the company. Identify some of the employees who may be involved in
setting the standard costs, and describe what their role might be
in setting those standards.
A list of employees who are involved in setting the standard costs is given below. Select the role each employee most likely plays in setting the standard costs. The following employee Human resources manager Production manager Purchasing manager Production manager and engineers provides...
E4-20A (similar to) Question Help Farrington Company uses ABC to account for its chrome wheel manufacturing...
E4-20A (similar to) Question Help Farrington Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturing activities that incur manufacturing overhead costs: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: E (Click the icon to view the budgeted costs and activity bases.) Farrington Company expects to produce 1,000 chrome wheels during the year. The wheels are expected...
E4-2UA Similar to) Question Help insertion of parts, and West Horizons ABC to account for chrome...
E4-2UA Similar to) Question Help insertion of parts, and West Horizons ABC to account for chrome whol manufacturing process Company managers have identified four manufacturing activities that incur manufacturing overhead costs: materials handing machine se finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: Click the icon to view the budgeted costs and activity bases.) 3.100 parts require 25 setups, and consume 2.400 hours of finishing time West Hormon expects to pro 1,000...
Choose an event or significant task and prepare an activities list following a format similar to...
Choose an event or significant task and prepare an activities
list following a format similar to that used in the text, Table
9.3, Chapter 9, page 391. Be sure to include the immediate
predecessors.
Then, create a project network similar to that shown in Figure
9.7, Chapter 9, page 392.
Do NOT include times for the activities and do NOT attempt to
determine the critical path.
Examples of events you might consider (there are many
others):
formal dinner for 5...
Ideal Manufacturing Company has supported a research and development (R&D) department that has for many years...
Ideal Manufacturing Company has supported a research and
development (R&D) department that has for many years been the
sole contributor to the company’s new farm machinery
products.
The R&D activity is an overhead cost center that performs
services only to in-house manufacturing departments (four different
product lines), all of which produce
agricultural/farm/ranch-related machinery products.
The department has never sold its services to outside companies.
But, because of its long history of success, larger manufacturers
of agricultural products have approached Ideal...
Victor Dog Food Company manufactures and markets dog food. They have a number of activities in...
Victor Dog Food Company manufactures and markets dog food. They have a number of activities in their value chain. Match the activity to the correct value chain category. Research and Development [Escoger) Escoger] Working with online pet food suppliers to ship bags of dog food directly to customers Hiring a company veterinarian to answer questions after the company had to recall 100 bags of dog food Implementing a dealer incentive program for pet shops that sell over a certain threshold...
Company A manufactures one product, ABC. Company A uses budgets and standards in their functions, and...
Company A manufactures one product, ABC. Company A uses budgets and standards in their functions, and uses these standards to get their budgeted cost per unit. Here is the information for the budgeted variable costs per unit. Raw Material: 3 lbs at $4 per pound $12 Direct Labor: .75 Direct labor hours at $20 per hour $15 Variable Overhead: .75 direct labor hours at $12 per hour $9 Total variable budgeted (standard) cost for ABC $36 When determining the direct...
Frederick Companyes A lo account for its chrome wheel malecturing process Company managers have identified for...
Frederick Companyes A lo account for its chrome wheel malecturing process Company managers have identified for manufacturing activities that incur manufacturing overhead costs materials handing machine setup. Intion of parts and finding the budgeted activity costs for the upcoming year and the allocation bases are as follows Cick the icon to view the budgeted costs and activity bases) Frederick Company expects to produce 1,000 chrome wheels during the year. The wheels we expected to use 3.300 parts require 20 setups...
Frederick Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified...
Frederick Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturing activities that incur manufacturing overhead costs: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows EEB (Click the icon to view the budgeted costs and activity bases.) Frederick Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2,750 parts, require...
Setting standards for a product may involve many employees of
the company. Identify some of the employees who may be involved in
setting the standard costs, and describe what their role might be
in setting those standards.
A list of employees who are involved in setting the standard costs is given below. Select the role each employee most likely plays in setting the standard costs. The following employee Human resources manager Production manager Purchasing manager Production manager and engineers provides...
E4-20A (similar to) Question Help Farrington Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturing activities that incur manufacturing overhead costs: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: E (Click the icon to view the budgeted costs and activity bases.) Farrington Company expects to produce 1,000 chrome wheels during the year. The wheels are expected...
E4-2UA Similar to) Question Help insertion of parts, and West Horizons ABC to account for chrome whol manufacturing process Company managers have identified four manufacturing activities that incur manufacturing overhead costs: materials handing machine se finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: Click the icon to view the budgeted costs and activity bases.) 3.100 parts require 25 setups, and consume 2.400 hours of finishing time West Hormon expects to pro 1,000...
Choose an event or significant task and prepare an activities
list following a format similar to that used in the text, Table
9.3, Chapter 9, page 391. Be sure to include the immediate
predecessors.
Then, create a project network similar to that shown in Figure
9.7, Chapter 9, page 392.
Do NOT include times for the activities and do NOT attempt to
determine the critical path.
Examples of events you might consider (there are many
others):
formal dinner for 5...
Ideal Manufacturing Company has supported a research and
development (R&D) department that has for many years been the
sole contributor to the company’s new farm machinery
products.
The R&D activity is an overhead cost center that performs
services only to in-house manufacturing departments (four different
product lines), all of which produce
agricultural/farm/ranch-related machinery products.
The department has never sold its services to outside companies.
But, because of its long history of success, larger manufacturers
of agricultural products have approached Ideal...
Victor Dog Food Company manufactures and markets dog food. They have a number of activities in their value chain. Match the activity to the correct value chain category. Research and Development [Escoger) Escoger] Working with online pet food suppliers to ship bags of dog food directly to customers Hiring a company veterinarian to answer questions after the company had to recall 100 bags of dog food Implementing a dealer incentive program for pet shops that sell over a certain threshold...
Frederick Companyes A lo account for its chrome wheel malecturing process Company managers have identified for manufacturing activities that incur manufacturing overhead costs materials handing machine setup. Intion of parts and finding the budgeted activity costs for the upcoming year and the allocation bases are as follows Cick the icon to view the budgeted costs and activity bases) Frederick Company expects to produce 1,000 chrome wheels during the year. The wheels we expected to use 3.300 parts require 20 setups...
Frederick Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturing activities that incur manufacturing overhead costs: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows EEB (Click the icon to view the budgeted costs and activity bases.) Frederick Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2,750 parts, require...
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