Homework Answers
Selling cost to be assigned:
Traditional product costing = $399,000 * 70% = $279,300
Activity based costing :
| Sales commissions ($916,000*$0.05) | $45,800 |
| Advertising - TV (270*$300) | 81,000 |
| Advertising - internet (2,000*$10) | 20,000 |
| Catalogs (60,600*$2.50) | 151,500 |
| Cost of catalog sales (9,500*$1) | 9,500 |
| Credit and collection ($916,000*$0.03) | 27,480 |
| Selling cost | $335,280 |
Traditional costing system undercost the high intensity product line by $55,980 ($335,280-279,300)
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Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its products through...
Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its products through...
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...
Exercise 17-10 Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its...
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Exercise 4-10 (Video) (Part Level Submission) Kragan Clothing Company manufactures its own designed and labeled athletic...
Exercise 4-10 (Video) (Part Level Submission) 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...
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sed IS USU S c. Write a memorandum to the president of Air United explaining the...
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Health 'R Us, Inc., uses a traditional product costing system to assign overhead costs uniformly to...
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Health 'R Us, Inc., uses a traditional product costing system to assign overhead costs uniformly to...
Health 'R Us, Inc., uses a traditional product costing system to assign overhead costs uniformly to all its packaged multigrain products. To meet Food and Drug Administration requirements and to assure its customers of safe, sanitary, and nutritious food, Health'R Us engages in a high level of quality control. Health 'R Us assigns its quality-control overhead costs to all products at a rate of 17% of direct labor costs. Its direct labor cost for the month of June for its...
Please help S Weygandt, Managerial Accounting, 8e Help System Announcements CALCULATOR PRINTER VERSION 4 BACK Exercise...
Please help
S Weygandt, Managerial Accounting, 8e Help System Announcements CALCULATOR PRINTER VERSION 4 BACK Exercise 4-11 Health R Us, Inc., uses a traditional product costing system to assign overhead costs uniformly to all its packaged multigrain products. To meet Food and Drug Administration requirements and to assure its customers of safe, sanitary, and nutritious food, Health R Us engages in a high level of quality control. Health R Us assigns its quality control over costs to all products at...
Health 'R Us, Inc., uses a traditional product costing system to assign overhead costs uniformly to...
Health 'R Us, Inc., uses a traditional product costing system to assign overhead costs uniformly to all its packaged multigrain products. To meet Food and Drug Administration requirements and to assure its customers of safe, sanitary, and nutritious food, Health 'R Us engages in a high level of quality control. Health 'R Us assigns its quality-control overhead costs to all products at a rate of 17% of direct labor costs. Its direct labor cost for the month of June for...
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...
Exercise 17-10 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...
Exercise 4-10 (Video) (Part Level Submission) 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...
E17.10 Assign overhead using traditional costing and ABC. (LO 1, 2, 3), AP 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....
overhead sing onal costing and ABC 3 AP E17.10 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 selline 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...
sed IS USU S c. Write a memorandum to the president of Air United explaining the benefits of activity-based costing E17.10 (LO 1. 2. 3) 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...
Health 'R Us, Inc., uses a traditional product costing system to assign overhead costs uniformly to all its packaged multigrain products. To meet Food and Drug Administration requirements and to assure its customers of safe, sanitary, and nutritious food, Health 'R Us engages in a high level of quality control. Health R Us assigns its quality control overhead costs to all products at a rate of 17% of direct labor costs. Its direct labor cost for the month of June...
Health 'R Us, Inc., uses a traditional product costing system to assign overhead costs uniformly to all its packaged multigrain products. To meet Food and Drug Administration requirements and to assure its customers of safe, sanitary, and nutritious food, Health'R Us engages in a high level of quality control. Health 'R Us assigns its quality-control overhead costs to all products at a rate of 17% of direct labor costs. Its direct labor cost for the month of June for its...
Please help
S Weygandt, Managerial Accounting, 8e Help System Announcements CALCULATOR PRINTER VERSION 4 BACK Exercise 4-11 Health R Us, Inc., uses a traditional product costing system to assign overhead costs uniformly to all its packaged multigrain products. To meet Food and Drug Administration requirements and to assure its customers of safe, sanitary, and nutritious food, Health R Us engages in a high level of quality control. Health R Us assigns its quality control over costs to all products at...
Health 'R Us, Inc., uses a traditional product costing system to assign overhead costs uniformly to all its packaged multigrain products. To meet Food and Drug Administration requirements and to assure its customers of safe, sanitary, and nutritious food, Health 'R Us engages in a high level of quality control. Health 'R Us assigns its quality-control overhead costs to all products at a rate of 17% of direct labor costs. Its direct labor cost for the month of June for...
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