Homework Answers
| a) | ||||
| Traditional product costing = 394000*70% = 275800 | ||||
| Activity based costing | ||||
| sales commission (905000*0.05) | 45250 | |||
| advertising -TV (220*300) | 66000 | |||
| Advertising internet - (1900*10) | 19000 | |||
| catalogs (59800*2.50) | 149500 | |||
| cost of catalog sales (8750*1) | 8750 | |||
| credit & collection (905000*0.03) | 27150 | |||
| sale cost to be assigned | 315650 | |||
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Kragan Clothing Company manufactures its own designed and
labeled athletic wear and sells its products through catalog sales
and retail outlets. While Kragan has for years used activity-based
costing in its manufacturing activities, it has always used
traditional costing in assigning its selling costs to its product
lines. Selling costs have traditionally been assigned to Kragan’s
product lines at a rate of 70% of direct materials costs. Its
direct materials costs for the month of March for Kragan’s
“high-intensity” line...
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labeled athletic wear and sells its products through catalog sales
and retail outlets. While Kragan has for years used activity-based
costing in its manufacturing activities, it has always used
traditional costing in assigning its selling costs to its product
lines. Selling costs have traditionally been assigned to Kragan’s
product lines at a rate of 70% of direct materials costs. Its
direct materials costs for the month of March for Kragan’s
“high-intensity” line...
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