Homework Answers
| Budgeted costs | Activity cost pools |
| Machine setup, indirect materials | Machine setups |
| Inspections | Quality control |
| Tests | Quality control |
| Insurance, plant | Factory utilities |
| Engineering design | Engineering |
| Depreciation, machinery | Machinery |
| Machine setup, indirect labor | Machine setups |
| Property taxes | Factory utilities |
| Oil, heating | Factory utilities |
| Electricity, plant lighting | Factory utilities |
| Engineering prototypes | Engineering |
| Depreciation, plant | Factory utilities |
| Electricity, machinery | Machinery |
| Machine maintenance wages | Maintenance |
.
.
| Budgeted costs | Cost driver |
| Machine setup, indirect materials | Number of setups |
| Inspections | Number of tests or Number of inspections |
| Tests | Number of tests or Number of inspections |
| Insurance, plant | Square feet or Machine hours |
| Engineering design | Engineering hours |
| Depreciation, machinery | Machine hours |
| Machine setup, indirect labor | Number of setups |
| Property taxes | Square feet or Machine hours |
| Oil, heating | Square feet or Machine hours |
| Electricity, plant lighting | Square feet or Machine hours |
| Engineering prototypes | Engineering hours |
| Depreciation, plant | Square feet or Machine hours |
| Electricity, machinery | Machine hours |
| Machine maintenance wages | Number of machines or Machine hours |
Add Answer to:
Santana Corporation manufactures snowmobiles in its Blue Mountain, Wisconsin, plant. The following costs are budgeted for...
Exercise 4-6 Santana Corporation manufactures snowmobiles in its Blue Mountain, Wisconsin, plant. The following costs are...
Exercise 4-6 Santana Corporation manufactures snowmobiles in its Blue Mountain, Wisconsin, plant. The following costs are budgeted for the first quarter's operations. Machine setup, indirect materials $ 4,000 Inspections 16,000 Tests 4,000 Insurance, plant 110,000 Engineering design 140,000 Depreciation, machinery 520,000 Machine setup, Indirect labor 20,000 Property taxes 29,000 Oil, heating 19,000 Electricity, plant lighting 21,000 Engineering prototypes 60,000 Depreciation, plant 210,000 Electricity, machinery 36.000 Machine maintenance wages 19.000 Classify the above costs of Santana Corporation into activity cost pools...
Identify a cost driver that may be used to assign each cost pool to each line...
Identify a cost driver that may be used to assign each cost pool to each line of snowmobiles. Cost Driver Budgeted Costs Machine setup, Indirect materials Inspections Tests Insurance, plant Engineering design Depreciation, machinery Machine setup, indirect labor Property taxes oil, heating Electricity, plant lighting Engineering prototypes Depreciation, plant Electricity, machinery Machine maintenance wages Exercise 4-1 (Video) Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct...
Budgeted Cost $ 86,100 45,000 7,200 57,000 23,000 14,000 51,250 18,800 36,700 22,500 8,3ee 220,000 Name...
Budgeted Cost $ 86,100 45,000 7,200 57,000 23,000 14,000 51,250 18,800 36,700 22,500 8,3ee 220,000 Name of Budgeted Cost Plant insurance Testing raw materials Manufacturing equipment setup Quality inspections Property taxes Electricity, plant Electricity, manufacturing equipment Depreciation, plant Depreciation, manufacturing equipment Maintenance worker (manufacturing equipment) Indirect labor (manufacturing equipment setup) Design engineering Required: 1. Assign each of the budgeted costs above to one of the following activity cost pools: Engineering Equipment setup Quality control • Factory facilities Manufacturing equipment 2....
Please note two attachments. Question 4 ABC Manufacturing wants to determine whether its various product costs...
Please note two attachments.
Question 4 ABC Manufacturing wants to determine whether its various product costs are director indirect, and variable or fixed. This information will be used to determine product unit costs. All employees are guaranteed a 40-hour work-week except factory employees, who are paid an hourly wage and can be sent home when there is no work. The following classification scheme has been developed: A. Direct variable cost B. Indirect variable cost C. Direct fixed cost D. Indirect...
If the variable costing concept is followed, which of the following costs would be included as...
If the variable costing concept is followed, which of the following costs would be included as part of the cost of product manufactured? (1) Depreciation on plant; (2) Direct labor; (3) Direct materials; (4) Property taxes on plant; (5) Insurance on plant; (6) Electricity purchased to operate machinery.
Classifying Costs The following report was prepared for evaluating the performance of the plant manager of...
Classifying Costs The following report was prepared for evaluating the performance of the plant manager of Marching Ants Inc. Evaluate and correct this report. Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Materials used in production (including $47,200 of indirect materials) $509,900 Direct labor (including $70,800 maintenance salaries) 472,100 Factory overhead: Supervisor salaries 434,300 Heat, light, and power 118,000 Sales salaries 292,700 Promotional expenses 264,400 Insurance and property taxes—plant 127,500 Insurance and property taxes—corporate offices 184,100 Depreciation—plant...
Shaver Co. manufactures a variety of electric razors for men and women. The company's plant is...
Shaver Co. manufactures a variety of electric razors for men and women. The company's plant is partially automated. Listed below is cost driver information used in the product-costing system: Overhead Cost Pool Budgeted Overhead Cost Budgeted Cost Driver Level Cost Driver Machinery depreciation/maintenance $ 168,640 27,200 Machine hours Factory depreciation/utilities/insurance 127,840 27,200 Machine hours Product design 554,400 38,500 Hours in design Material handling 1,078,000 134,750 Pounds of raw materials In addition, Shaver expects to spend $514,368 for 8,037 direct labor-hours....
Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be...
Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Resins for body wash products b. Scents and fragrances used in making soaps and detergents c. Plant manager salary for the Iowa City, lowa, plant d. Depreciation on the Auburn, Maine, manufacturing plant e. Depreciation on assembly line in the Mehoopany, Pennsylvania, paper products plant f. Maintenance supplies g....
Antuan Company set the following standard costs for one unit of its product. Direct materials (5.0...
Antuan Company set the following standard costs for one unit of its product. Direct materials (5.0 Ibs. @ $5.00 per Ib.) Direct labor (1.6 hrs. @ $10.00 per hr.) 16.00 Overhead (1.6 hrs. @ $18.50 per hr.) 29.60 Total standard cost $79.60 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volu capacity of 20,000 units per month. Following are the company's budgeted overhead costs pe level. Overhead Budget (75% Capacity) Variable overhead costs Indirect...
Shaver Co. manufactures a variety of electric razors for men and women. The company's plant is...
Shaver Co. manufactures a variety of electric razors for men and women. The company's plant is partially automated. Listed below is cost driver information used in the product-costing system: Overhead Cost Pool Budgeted Overhead Cost Budgeted Cost Driver Level Cost Driver Machinery depreciation/maintenance $ 199,822 28,546 Machine hours Factory depreciation/utilities/insurance 142,730 28,546 Machine hours Product design 576,000 42,980 Hours in design Material handling 1,624,000 203,000 Pounds of raw materials In addition, Shaver expects to spend $570,920 for 8,156 direct labor-hours....
Exercise 4-6 Santana Corporation manufactures snowmobiles in its Blue Mountain, Wisconsin, plant. The following costs are budgeted for the first quarter's operations. Machine setup, indirect materials $ 4,000 Inspections 16,000 Tests 4,000 Insurance, plant 110,000 Engineering design 140,000 Depreciation, machinery 520,000 Machine setup, Indirect labor 20,000 Property taxes 29,000 Oil, heating 19,000 Electricity, plant lighting 21,000 Engineering prototypes 60,000 Depreciation, plant 210,000 Electricity, machinery 36.000 Machine maintenance wages 19.000 Classify the above costs of Santana Corporation into activity cost pools...
Identify a cost driver that may be used to assign each cost pool to each line of snowmobiles. Cost Driver Budgeted Costs Machine setup, Indirect materials Inspections Tests Insurance, plant Engineering design Depreciation, machinery Machine setup, indirect labor Property taxes oil, heating Electricity, plant lighting Engineering prototypes Depreciation, plant Electricity, machinery Machine maintenance wages Exercise 4-1 (Video) Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct...
Budgeted Cost $ 86,100 45,000 7,200 57,000 23,000 14,000 51,250 18,800 36,700 22,500 8,3ee 220,000 Name of Budgeted Cost Plant insurance Testing raw materials Manufacturing equipment setup Quality inspections Property taxes Electricity, plant Electricity, manufacturing equipment Depreciation, plant Depreciation, manufacturing equipment Maintenance worker (manufacturing equipment) Indirect labor (manufacturing equipment setup) Design engineering Required: 1. Assign each of the budgeted costs above to one of the following activity cost pools: Engineering Equipment setup Quality control • Factory facilities Manufacturing equipment 2....
Please note two attachments.
Question 4 ABC Manufacturing wants to determine whether its various product costs are director indirect, and variable or fixed. This information will be used to determine product unit costs. All employees are guaranteed a 40-hour work-week except factory employees, who are paid an hourly wage and can be sent home when there is no work. The following classification scheme has been developed: A. Direct variable cost B. Indirect variable cost C. Direct fixed cost D. Indirect...
Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Resins for body wash products b. Scents and fragrances used in making soaps and detergents c. Plant manager salary for the Iowa City, lowa, plant d. Depreciation on the Auburn, Maine, manufacturing plant e. Depreciation on assembly line in the Mehoopany, Pennsylvania, paper products plant f. Maintenance supplies g....
Antuan Company set the following standard costs for one unit of its product. Direct materials (5.0 Ibs. @ $5.00 per Ib.) Direct labor (1.6 hrs. @ $10.00 per hr.) 16.00 Overhead (1.6 hrs. @ $18.50 per hr.) 29.60 Total standard cost $79.60 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volu capacity of 20,000 units per month. Following are the company's budgeted overhead costs pe level. Overhead Budget (75% Capacity) Variable overhead costs Indirect...
Most questions answered within 3 hours.
-
If we test the following: H0: μ = 17
vs. H1: μ ≠ 17 and the...
asked 37 seconds from now -
in the past year TVG had revenues of 3 million, cost
of goods sold of $25...
asked 5 minutes ago -
4) In a polypeptide, which bond cannot rotate because of its
partial double bond character?
The...
asked 37 minutes ago -
Assume that in the short run L = 1,000 and K = 100. 1. What is...
asked 32 minutes ago -
At a given temperature, 2.06 atm of H2 and 3.7 atm of Br2 are
mixed and...
asked 31 minutes ago -
Sodium reacts with Hydrochloric acid to form sodium chloride and
hydrogen gas. 2Na(s)+ 2 HCl(aq)-> 2...
asked 38 minutes ago -
The following circuits (1 & 2) are combined to form a
series-parallel circuit and resulting circuit...
asked 45 minutes ago -
Feynman's use of path integrals can make some of the transition
from quantum scale to real...
asked 44 minutes ago -
Pb(NO3)2 (aq) + 2 KCl (aq) PbCl2 (s) + 2 KNO3 (aq)
If 54.5mL of 3.82M...
asked 45 minutes ago -
Razeghi (2008) states "In order to succeed at innovation, do not
focus on being creative; rather...
asked 52 minutes ago -
How much heat is required at constant pressure to melt 1 mole of
ice at -25...
asked 55 minutes ago -
Suppose N is a discrete random variable defined by probability
distribution:
n
Pr(N = n)
10...
asked 55 minutes ago