Select four decisions for which ABC information is useful. A. 1. Identifying problems and uncertainties 2....
Select four decisions for which ABC information is useful.
A.
1. Identifying problems and uncertainties
2. Obtaining information
3. Making predictions about the future
4. Choosing among alternatives
B.
1. Pricing and product mix
2. Cost reduction and process improvement
3. Product design
4. Decisions for planning and managing activities
C.
1. Allocating direct material costs
2. Allocating direct labor costs
3. Identifying direct manufacturing overhead cost pools
4. Identifying indirect manufacturing overhead cost pools
D.
1. Product-cost cross subsidization
2. Converting product-sustaining costs into unit-level costs
3. Identifying cost objects
4. Predicting gross profit
Homework Answers
| Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks! |
| Select four decisions for which ABC information is useful. |
| Answer is option B. |
| 1. Pricing and product mix |
| 2. Cost reduction and process improvement |
| 3. Product design |
| 4. Decisions for planning and managing activities |
Add Answer to:
Select four decisions for which ABC information is useful.
A.
1. Identifying problems and uncertainties
2....
Roberta, Inc., manufactures elliptical machines for several well-known companies. The machines differ significantly in their complexity...
Roberta, Inc., manufactures elliptical machines for several
well-known companies. The machines differ significantly in their
complexity and their manufacturing batch sizes. The following costs
were incurred in 2017:
Requirement 1. Classify each of the preceding
costs as output unit-level, batch-level, product-sustaining, or
facility-sustaining. Explain each answer (answer options
are in bold on the cost-type row pick one).
Cost Item
Cost Type
a. Indirect manufacturing labor costs such as
supervision that supports direct manufacturing labor,
$935,000
(Batch Level, Facility-sustaining, Output unit-level,...
Exercise 4-10 Contrasting ABC and Conventional Product Costs (L04-2, LO4-3, LO4-4] Rocky Mountain Corporation makes two...
Exercise 4-10 Contrasting ABC and Conventional Product Costs (L04-2, LO4-3, LO4-4] Rocky Mountain Corporation makes two types of hiking boots-Xactive and Pathbreaker. Data concerning these two product lines appear below: $ $ Xactive 64.70 18.10 1.4 DLHS 24,000 units Direct materials per unit Direct labor cost per unit Direct labor-hours per unit Estimated annual production and sales $ $ Pathbreaker 50.90 12.90 1 DLHS 74,000 units The company has a conventional costing system in which manufacturing overhead is applied to...
Exercise 4-10 Contrasting ABC and Conventional Product Costs [LO4-2, LO4-3, LO4-4] Rocky Mountain Corporation makes two...
Exercise 4-10 Contrasting ABC and Conventional Product Costs [LO4-2, LO4-3, LO4-4] Rocky Mountain Corporation makes two types of hiking boots—Xactive and Pathbreaker. Data concerning these two product lines appear below: Xactive Pathbreaker Direct materials per unit $ 65.20 $ 51.40 Direct labor cost per unit $ 18.60 $ 13.40 Direct labor-hours per unit 1.4 DLHs 1 DLHs Estimated annual production and sales 29,000 units 79,000 units The company has a conventional costing system in which manufacturing overhead is applied to...
Exercise 4-10 Contrasting ABC and Conventional Product Costs (L04-2, LO4-3, L04-4] Rocky Mountain Corporation makes two...
Exercise 4-10 Contrasting ABC and Conventional Product Costs (L04-2, LO4-3, L04-4] Rocky Mountain Corporation makes two types of hiking boots-Xactive and Pathbreaker. Data concerning these two product lines appear below: points $ $ Xactive 64.80 18.20 1.4 DLHS 25,000 units Direct materials per unit Direct labor cost per unit Direct labor-hours per unit Estimated annual production and sales $ $ Pathbreaker 51.00 13.00 1.0 DLHS 75,000 units eBook The company has a conventional costing system in which manufacturing overhead is...
amherst metal works ABC systems commonly use a cost hierarchy with four levels to identify cost-allocation...
amherst metal works
ABC systems commonly use a cost hierarchy with four levels to identify cost-allocation bases that are cost drivers of the activity cost pools: (1) Output unit-level costs: the costs of activity performed on each individual unit of a product or service. (2) Batch-level costs: the costs of activities related to a group of units of a product or service. (3) Product-sustaining costs (service-sustaining costs): the costs of activities undertaken to support individual products or services, regardless of...
4 part accounting question Exercise 4-10 Contrasting ABC and Conventional Product Costs (L04-2, L04-3, L04-4) Rocky...
4 part accounting question
Exercise 4-10 Contrasting ABC and Conventional Product Costs (L04-2, L04-3, L04-4) Rocky Mountain Corporation makes two types of hiking boots-Xactive and Pathbreaker. Data concerning these two product lines appear below: Direct materials per unit Direct labor cost per unit Direct labor-hours per unit Estimated annual production and sales Xactive $ 64.50 $ 17.90 1.4 DLHS 22,000 units Pathbreaker $ 50.70 $ 12.70 1 DLHS 72,000 units The company has a conventional costing system in which manufacturing...
Exercise 3-10 Contrasting ABC and Conventional Product Costs [LO3-2, LO3-3, LO3-4] Rocky Mountain Corporation makes two...
Exercise 3-10 Contrasting ABC and Conventional Product Costs [LO3-2, LO3-3, LO3-4] Rocky Mountain Corporation makes two types of hiking boots—Xactive and Pathbreaker. Data concerning these two product lines appear below: Xactive Pathbreaker Direct materials per unit $ 63.80 $ 50.00 Direct labor cost per unit $ 17.20 $ 12.00 Direct labor-hours per unit 1.4 DLHs 1 DLHs Estimated annual production and sales 15,000 units 65,000 units The company has a conventional costing system in which manufacturing overhead is applied to...
Check my work Exercise 4-10 Contrasting ABC and Conventional Product Costs [LO4-2, LO4-3, L04-4] Rocky Mountain...
Check my work Exercise 4-10 Contrasting ABC and Conventional Product Costs [LO4-2, LO4-3, L04-4] Rocky Mountain Corporation makes two types of hiking boots-Xactive and Pathbreaker. Data concerning these two product lines appear below: points Skipped Direct materials per unit Direct labor cost per unit Direct labor-hours per unit Estimated annual production and sales Xactive $ 65.40 $ 18.80 1.4 DLHS 31,000 units Pathbreaker $ 51.60 $ 13.60 1 DLES 81,000 units eBook The company has a conventional costing system in...
Can someone help me with questions 1-3 please? Thanks 1.Managerial accounting information a. pertains to the...
Can someone help me with
questions 1-3 please? Thanks
1.Managerial accounting information a. pertains to the entity as a whole and is highly aggregated. b. pertains to subunits of the entity and may be very detailed. c. is prepared only once a year. d. is constrained by the requirements of generally accepted accounting principles. 2.Classifying costs by behavior with changes in volume of activity involves: Identifying fixed cost and variable cost. Identifying both quantitative and qualitative cost factors. Identifying cost...
Perez Company produces mathematical and financial calculators and operates at capacity. Data rela...
Perez Company produces mathematical and financial calculators and operates at capacity. Data related to the two products follows Requirements 1. Choose a cost driver for each overhead cost pool and calculate the manufacturing overhead cost per unit for each product. Compute the manufacturing cost per unit for each product. How might Perez's managers use the new cost information from its activity-based costing system to better manage its business? Click the icon to view the data.) 2. 3. Total manufacturing overhead...
Roberta, Inc., manufactures elliptical machines for several
well-known companies. The machines differ significantly in their
complexity and their manufacturing batch sizes. The following costs
were incurred in 2017:
Requirement 1. Classify each of the preceding
costs as output unit-level, batch-level, product-sustaining, or
facility-sustaining. Explain each answer (answer options
are in bold on the cost-type row pick one).
Cost Item
Cost Type
a. Indirect manufacturing labor costs such as
supervision that supports direct manufacturing labor,
$935,000
(Batch Level, Facility-sustaining, Output unit-level,...
Exercise 4-10 Contrasting ABC and Conventional Product Costs (L04-2, LO4-3, LO4-4] Rocky Mountain Corporation makes two types of hiking boots-Xactive and Pathbreaker. Data concerning these two product lines appear below: $ $ Xactive 64.70 18.10 1.4 DLHS 24,000 units Direct materials per unit Direct labor cost per unit Direct labor-hours per unit Estimated annual production and sales $ $ Pathbreaker 50.90 12.90 1 DLHS 74,000 units The company has a conventional costing system in which manufacturing overhead is applied to...
Exercise 4-10 Contrasting ABC and Conventional Product Costs (L04-2, LO4-3, L04-4] Rocky Mountain Corporation makes two types of hiking boots-Xactive and Pathbreaker. Data concerning these two product lines appear below: points $ $ Xactive 64.80 18.20 1.4 DLHS 25,000 units Direct materials per unit Direct labor cost per unit Direct labor-hours per unit Estimated annual production and sales $ $ Pathbreaker 51.00 13.00 1.0 DLHS 75,000 units eBook The company has a conventional costing system in which manufacturing overhead is...
amherst metal works
ABC systems commonly use a cost hierarchy with four levels to identify cost-allocation bases that are cost drivers of the activity cost pools: (1) Output unit-level costs: the costs of activity performed on each individual unit of a product or service. (2) Batch-level costs: the costs of activities related to a group of units of a product or service. (3) Product-sustaining costs (service-sustaining costs): the costs of activities undertaken to support individual products or services, regardless of...
4 part accounting question
Exercise 4-10 Contrasting ABC and Conventional Product Costs (L04-2, L04-3, L04-4) Rocky Mountain Corporation makes two types of hiking boots-Xactive and Pathbreaker. Data concerning these two product lines appear below: Direct materials per unit Direct labor cost per unit Direct labor-hours per unit Estimated annual production and sales Xactive $ 64.50 $ 17.90 1.4 DLHS 22,000 units Pathbreaker $ 50.70 $ 12.70 1 DLHS 72,000 units The company has a conventional costing system in which manufacturing...
Check my work Exercise 4-10 Contrasting ABC and Conventional Product Costs [LO4-2, LO4-3, L04-4] Rocky Mountain Corporation makes two types of hiking boots-Xactive and Pathbreaker. Data concerning these two product lines appear below: points Skipped Direct materials per unit Direct labor cost per unit Direct labor-hours per unit Estimated annual production and sales Xactive $ 65.40 $ 18.80 1.4 DLHS 31,000 units Pathbreaker $ 51.60 $ 13.60 1 DLES 81,000 units eBook The company has a conventional costing system in...
Can someone help me with
questions 1-3 please? Thanks
1.Managerial accounting information a. pertains to the entity as a whole and is highly aggregated. b. pertains to subunits of the entity and may be very detailed. c. is prepared only once a year. d. is constrained by the requirements of generally accepted accounting principles. 2.Classifying costs by behavior with changes in volume of activity involves: Identifying fixed cost and variable cost. Identifying both quantitative and qualitative cost factors. Identifying cost...
Perez Company produces mathematical and financial calculators and operates at capacity. Data related to the two products follows Requirements 1. Choose a cost driver for each overhead cost pool and calculate the manufacturing overhead cost per unit for each product. Compute the manufacturing cost per unit for each product. How might Perez's managers use the new cost information from its activity-based costing system to better manage its business? Click the icon to view the data.) 2. 3. Total manufacturing overhead...
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