Homework Answers
| SOLUTION : 26 | |||||
| Activity Based costing can be used in service industries and manufacturing industries also. | |||||
| Answer = Option B | |||||
| SOLUTION : 27 | |||||
| The correct sequence of the below transaction is as below, | |||||
| Identify the problem | |||||
| Dtermine the possible course of action | |||||
| Assign responsibility for decission | |||||
| Make Decission | |||||
| As per above explanation, | |||||
| Answer = Option 2 = Assign responsibility for the decission ------ Identify the probem | |||||
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QUESTION 26 Activity-based costing is used in Manufacturing Industries Service industries نهن في OOOO QUESTION 27...
8.Contribution margin is the amount of revenue remaining after deducting a cost of goods sold b....
8.Contribution margin is the amount of revenue remaining after deducting a cost of goods sold b. fbxed costs c variable costs d contra-revenue 9. Moonwalker's CVP income statement included sales of 4,000 units, a selling price of $100. variable expenses of $60 per unit, and fixed expenses of $88,000. Contribution margin is a. $400,000 b. $240,000 C. $160,000 d. $72,000 10. Moonwalker's CVP income statement included sales of 4.000 units, a selling price of $100, variable expenses of $60 per...
QUESTION 2 The first step in activity-based costing is to assign manufacturing overhead costs for each...
QUESTION 2 The first step in activity-based costing is to assign manufacturing overhead costs for each activity cost pool to products. compute the activity-based overhead rate per cost driver. identify and classify the major activities involved in the manufacture of specific products. identify the cost driver that has a strong correlation to the activity cost pool.
40. MacCloud Industries has two divisions and mi c h division has unico different types of...
40. MacCloud Industries has two divisions and mi c h division has unico different types of tennis racquets and tennis posts. The following informatii Standard Division Premium Duo Sales sof Variable costs Contribution margin Total fixed costs S.400.000 290000 SIM000 mation is available: Total 500.000 $1.000.000 S240000 $300,000 What is the weighted average contribution margin rati? a. 3.4% b 35% C. 36% 50% e. None of these answers are correct. 41. Cathy's Towels sells three m bush and towels and...
Name Adrian Perez Test 2 Accounting 202 Chapters 19,20,21,22 True / False 1 point 1. An...
Name Adrian Perez Test 2 Accounting 202 Chapters 19,20,21,22 True / False 1 point 1. An activity index identifies the activity that has a causal relationship with a particular cost. 2. 3. 4. A variable cost remains constant per unit at various levels of activity. A fixed cost remains constant in total and on a per unit basis at various levels of activity I volume increases, all costs will increase. 5. 6. If the activity index decreases, total variable costs...
Problem 3-16A Part 2 2. Management is considering using activity-based costing to assign manufacturing overhead cost...
Problem 3-16A Part 2 2. Management is considering using activity-based costing to assign manufacturing overhead cost to products. The activity-based costing system would have the following four activity cost pools: Activity Cost Pool Activity Measure Estimated Overhead Cost Maintaining parts inventory Number of part types $ 225,000 Processing purchase orders Number of purchase orders 182,000 Quality control Number of tests run 45,000 Machine-related Machine-hours 460,000 $ 912,000 Expected Activity Activity Measure LEC 40 LEC 90 Total Number of part types...
info q1 part 1part 2 2. Management is considering using activity-based costing to assign manufacturing overhead...
info
q1 part 1part 2
2. Management is considering using activity-based costing to assign manufacturing overhead cost to products. The activity-based costing system would have the following four activity cost pools: Activity Cost Pool Maintaining parts inventory Processing purchase orders Quality control Machine-related Activity Measure Number of part types Number of purchase orders Number of tests run Machine-hours Estimated Overhead Cost $ 258,000 80,000 32,000 550,000 $ 920,000 Activity Measure Number of part types Number of purchase orders Number of...
Exercise 7-1 as a study ald, your classmate Pascal Adams has prepared the following list of...
Exercise 7-1 as a study ald, your classmate Pascal Adams has prepared the following list of statements about decision-making and incremental analysis. Identify each statement as true or false 1. The first step in management's decision-making process is, Determine and evaluate possible courses of action." 2. The final step in management's decision-making process is to actually make the decision. 3. Accounting's contribution to management's decision-making process occurs primarily in evaluating possible courses of action and in reviewing the results 4....
Hone Corp. manufactures computer desks in its Phoenix, Arizona, plant. The company uses activity-based costing to...
Hone Corp. manufactures computer desks in its Phoenix, Arizona,
plant. The company uses activity-based costing to allocate all
manufacturing conversion costs (direct labor and manufacturing
overhead). Its activities and related data follow.
Hone Corp. manufactures computer desks in its Pheonix, Arizona, plant. The company uses activity-based costing to allocate all manufacturing conversion costs (direct labor and manufacturing overhead). Its activities and related data follow. (Click the icon to view the activity areas and related data.) Requirements 1. Compute the per-unit...
Sidney Industries manufactures a variety of custom products. The company has traditionally used a plantwide manufacturing...
Sidney Industries manufactures a variety of custom products. The
company has traditionally used a plantwide manufacturing overhead
rate based on machine hours to allocate manufacturing overhead to
its products. The company estimates that it will incur $1,350,000
in total manufacturing overhead costs in the upcoming year and will
use 15,000 machine hours.
Sidney Industries manufactures a variety of custom products. The company has traditionally used a plantwide manufacturing overhead rate based on machine hours to allocate manufacturing overhead to its...
Lawton Corp. manufactures computer desks in its Philadephia, Pennsylvania, plant. The company uses activity-based costing to...
Lawton Corp. manufactures computer desks in its Philadephia, Pennsylvania, plant. The company uses activity-based costing to allocate all manufacturing conversion costs (direct labor and manufacturing overhead). Its activities and related data follow. (Click the icon to view the activity areas and related data.) Read the requirements Requirement 1. Compute the per-unit manufacturing product cost of Standard desks and Unpainted desks. (Complete all input fields. Enter a "0" for any zero amounts. Round your answers to the nearest whole dollar.) Standard...
8.Contribution margin is the amount of revenue remaining after deducting a cost of goods sold b. fbxed costs c variable costs d contra-revenue 9. Moonwalker's CVP income statement included sales of 4,000 units, a selling price of $100. variable expenses of $60 per unit, and fixed expenses of $88,000. Contribution margin is a. $400,000 b. $240,000 C. $160,000 d. $72,000 10. Moonwalker's CVP income statement included sales of 4.000 units, a selling price of $100, variable expenses of $60 per...
QUESTION 2 The first step in activity-based costing is to assign manufacturing overhead costs for each activity cost pool to products. compute the activity-based overhead rate per cost driver. identify and classify the major activities involved in the manufacture of specific products. identify the cost driver that has a strong correlation to the activity cost pool.
40. MacCloud Industries has two divisions and mi c h division has unico different types of tennis racquets and tennis posts. The following informatii Standard Division Premium Duo Sales sof Variable costs Contribution margin Total fixed costs S.400.000 290000 SIM000 mation is available: Total 500.000 $1.000.000 S240000 $300,000 What is the weighted average contribution margin rati? a. 3.4% b 35% C. 36% 50% e. None of these answers are correct. 41. Cathy's Towels sells three m bush and towels and...
Name Adrian Perez Test 2 Accounting 202 Chapters 19,20,21,22 True / False 1 point 1. An activity index identifies the activity that has a causal relationship with a particular cost. 2. 3. 4. A variable cost remains constant per unit at various levels of activity. A fixed cost remains constant in total and on a per unit basis at various levels of activity I volume increases, all costs will increase. 5. 6. If the activity index decreases, total variable costs...
info
q1 part 1part 2
2. Management is considering using activity-based costing to assign manufacturing overhead cost to products. The activity-based costing system would have the following four activity cost pools: Activity Cost Pool Maintaining parts inventory Processing purchase orders Quality control Machine-related Activity Measure Number of part types Number of purchase orders Number of tests run Machine-hours Estimated Overhead Cost $ 258,000 80,000 32,000 550,000 $ 920,000 Activity Measure Number of part types Number of purchase orders Number of...
Exercise 7-1 as a study ald, your classmate Pascal Adams has prepared the following list of statements about decision-making and incremental analysis. Identify each statement as true or false 1. The first step in management's decision-making process is, Determine and evaluate possible courses of action." 2. The final step in management's decision-making process is to actually make the decision. 3. Accounting's contribution to management's decision-making process occurs primarily in evaluating possible courses of action and in reviewing the results 4....
Hone Corp. manufactures computer desks in its Phoenix, Arizona,
plant. The company uses activity-based costing to allocate all
manufacturing conversion costs (direct labor and manufacturing
overhead). Its activities and related data follow.
Hone Corp. manufactures computer desks in its Pheonix, Arizona, plant. The company uses activity-based costing to allocate all manufacturing conversion costs (direct labor and manufacturing overhead). Its activities and related data follow. (Click the icon to view the activity areas and related data.) Requirements 1. Compute the per-unit...
Sidney Industries manufactures a variety of custom products. The
company has traditionally used a plantwide manufacturing overhead
rate based on machine hours to allocate manufacturing overhead to
its products. The company estimates that it will incur $1,350,000
in total manufacturing overhead costs in the upcoming year and will
use 15,000 machine hours.
Sidney Industries manufactures a variety of custom products. The company has traditionally used a plantwide manufacturing overhead rate based on machine hours to allocate manufacturing overhead to its...
Lawton Corp. manufactures computer desks in its Philadephia, Pennsylvania, plant. The company uses activity-based costing to allocate all manufacturing conversion costs (direct labor and manufacturing overhead). Its activities and related data follow. (Click the icon to view the activity areas and related data.) Read the requirements Requirement 1. Compute the per-unit manufacturing product cost of Standard desks and Unpainted desks. (Complete all input fields. Enter a "0" for any zero amounts. Round your answers to the nearest whole dollar.) Standard...
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