Homework Answers
| Activities | Category | Potential Cost Driver |
| Packaging the product for shipment | Unit | Number of Units |
| Developing new packaging for a new product line | Product | Number of Development Hours |
Add Answer to:
M4-3 (Static) Identifying Cost Drivers in an ABC System (LO 4-3) For each of the following...
For each of the following activities, indicate the appropriate category (unit, batch, product, or facility level)...
For each of the following activities, indicate the appropriate category (unit, batch, product, or facility level) and suggest a possible cost driver for each pool: Factory utilities Machine setups Research and development for a product Sanding rough edges of the product Packaging the product Developing new packaging Maintenance on equipment Assembling the products parts Materials handling costs Quality control testing
Question) Classify each of the following cost drivers below as Unit, Batch or Plant level: Number...
Question) Classify each of the following cost drivers below as Unit, Batch or Plant level: Number of setups Machine hours Labour hours Quality Assurance Inspections Importation/ Exportation costs Fermentation hours Number of inspections Brewing hours Packaging hours Number of deliveries Unit, Batch or Plant? ? ? ? ? ? ? ? ? ? ?
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....
Problem 5-18A Pricing decisions made with ABC system cost data LO 5-1, 5-2, 5-3 Adams Sporting...
Problem 5-18A Pricing decisions made with ABC system cost data LO 5-1, 5-2, 5-3 Adams Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the same facility to make both products even though the processes are quite different. The company has recently converted its cost accounting system to activity-based costing. The following are the cost data that Jane Price, the cost accountant, prepared for the third quarter of 2018 (during which Adams made 72,000 tennis...
Exercise 9-37 (Static) Activity-Based Costing (LO 9-4, 5) After reviewing the new activity-based costing system that...
Exercise 9-37 (Static) Activity-Based Costing (LO 9-4, 5) After reviewing the new activity-based costing system that Nancy Chen has implemented at IVC's CenterPoint manufacturing facility, Tom Spencer, the production supervisor, believes that he can reduce production costs by reducing the time spent on machine setups. He has spent the last month working with employees in the plant to change over the machines more quickly with the same reliability. He plans to produce 100,000 units of the Sport model and 40,000...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools: Maintenance Materials handling Machine setups Inspections Fabrication Department Finishing Department Cost Driver $35,000 $25,000 Machine hours 30,000 15,000 Material moves 70,000 5,000 Machine setups 25,000 Inspection hours $135,000 $70,000 The following activity predictions were also made for the year: Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 10,000 5,000 3,000 1,500 700 1,000 50 It...
The Homer Corporation produces two products, and reports the following production and cost information for the...
The Homer Corporation produces two products, and reports the following production and cost information for the most recent accounting period Product A Product B Number of units produced 15,e80 units 2,500 units Direct labor $25 per direct labor hour (DLH) Direct materials cost 0.50 DLH per unit $ 2 per unit 2.00 DLH per unit $ 30 per unit Activity Driver Overhead costs Machine setup Quality inspections Total Total Cost $ 3,000. etups Product A 5 setups Product B 20...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools Fabrication Department Finishing Department Cost Driver Maintenance Materials handling Machine setups Inspections $35,000 30,000 70,000 $25,000 Machine hours 15,000 Material moves 5,000 Machine setups 25,000 Inspection hours $135,000 $70,000 The following activity predictions were also made for the year: Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 5,000 1,500 50 1,000 10,000 3,000 700 It...
Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for...
Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for the given activity cost pools: Finishing Department Department Fabrication Cost Driver $ 30,000 15,000 Machine hours Maintenance Materials handling 22,500 Material moves 45,000 Machine 7,500 Machine setups 105,000 Inspections 37,500 Inspection hours $180,000 $82,500 Total The following activity predictions were also made for the year: Finishing Fabrication Department Department Machine hours 5,000 2,500 Material moves 1,500 750 Machine setups 350 25 Inspection hours 500...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools Fabrication Department Finishing Department Cost Driver Maintenance Materials handling Machine setups Inspections $65,000 30,000 70,000 $55,000 Machine hours 15,000 Material moves 5,000 Machine setups 25,000 Inspection hours 165,000 $100,000 The following activity predictions were also made for the year Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 5,000 1,500 50 1,000 10,000 3,000 700 It...
Question) Classify each of the following cost drivers below as Unit, Batch or Plant level: Number of setups Machine hours Labour hours Quality Assurance Inspections Importation/ Exportation costs Fermentation hours Number of inspections Brewing hours Packaging hours Number of deliveries Unit, Batch or Plant? ? ? ? ? ? ? ? ? ? ?
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....
Problem 5-18A Pricing decisions made with ABC system cost data LO 5-1, 5-2, 5-3 Adams Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the same facility to make both products even though the processes are quite different. The company has recently converted its cost accounting system to activity-based costing. The following are the cost data that Jane Price, the cost accountant, prepared for the third quarter of 2018 (during which Adams made 72,000 tennis...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools: Maintenance Materials handling Machine setups Inspections Fabrication Department Finishing Department Cost Driver $35,000 $25,000 Machine hours 30,000 15,000 Material moves 70,000 5,000 Machine setups 25,000 Inspection hours $135,000 $70,000 The following activity predictions were also made for the year: Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 10,000 5,000 3,000 1,500 700 1,000 50 It...
The Homer Corporation produces two products, and reports the following production and cost information for the most recent accounting period Product A Product B Number of units produced 15,e80 units 2,500 units Direct labor $25 per direct labor hour (DLH) Direct materials cost 0.50 DLH per unit $ 2 per unit 2.00 DLH per unit $ 30 per unit Activity Driver Overhead costs Machine setup Quality inspections Total Total Cost $ 3,000. etups Product A 5 setups Product B 20...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools Fabrication Department Finishing Department Cost Driver Maintenance Materials handling Machine setups Inspections $35,000 30,000 70,000 $25,000 Machine hours 15,000 Material moves 5,000 Machine setups 25,000 Inspection hours $135,000 $70,000 The following activity predictions were also made for the year: Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 5,000 1,500 50 1,000 10,000 3,000 700 It...
Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for the given activity cost pools: Finishing Department Department Fabrication Cost Driver $ 30,000 15,000 Machine hours Maintenance Materials handling 22,500 Material moves 45,000 Machine 7,500 Machine setups 105,000 Inspections 37,500 Inspection hours $180,000 $82,500 Total The following activity predictions were also made for the year: Finishing Fabrication Department Department Machine hours 5,000 2,500 Material moves 1,500 750 Machine setups 350 25 Inspection hours 500...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools Fabrication Department Finishing Department Cost Driver Maintenance Materials handling Machine setups Inspections $65,000 30,000 70,000 $55,000 Machine hours 15,000 Material moves 5,000 Machine setups 25,000 Inspection hours 165,000 $100,000 The following activity predictions were also made for the year Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 5,000 1,500 50 1,000 10,000 3,000 700 It...
Most questions answered within 3 hours.
-
Use the information in the table to answer the
question.
Year
2015
2016
2017
2018
Nominal...
asked 1 minute from now -
Kelso Corporation just paid a dividend of D_0 = $1.50 per
share, and that dividend is...
asked 29 seconds ago -
Your ANOVA was statistically significant (Reject the
H0). The groups had a means of:
Group A:...
asked 7 minutes ago -
In cases of negative frequency-dependent selection, _______
phenotype typically has _______ fitness
A
the least common...
asked 9 minutes ago -
Class: Criminal Law
Question: Explain the difference between
aggravating and mitigating factors.
asked 14 minutes ago -
#I want you please to explain why the answer for Q10 is ( C )
?...
asked 14 minutes ago -
An island economy consumes only jellybeans, running shoes,
Pepsi, and Vanilla ice compact discs. The base...
asked 17 minutes ago -
On September 1, Ziegler Corporation had 50,000 shares of $5 par
value common stock, and $1,500,000...
asked 18 minutes ago -
A few random results for you to ponder…do the results justify
the conclusions? Why or why...
asked 33 minutes ago -
5. The developer of a new welding rod claims that spot welds
using his product will...
asked 29 minutes ago -
Which of the following is the most accurate description of how a
sound wave propagates?
a)...
asked 31 minutes ago -
Before the final distribution of cash, account balances are:
Cash $23,000; S. Penn, Capital $19,000 (Cr.);...
asked 37 minutes ago