Homework Answers
--Requirement, along with calculation
| Unit cost for Classic | $36.36 | [(12000*0.2)+(12000*0.95)+(24000*4)+(48000*1.5)]/5000 units |
| Unit Cost for Gold | $8.44 | [(7200*0.2)+(7200*0.95)+(36000*4)+(14400*1.5)]/20600 units |
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Perkins National Bank has collected the following information for four activities and two types of credit...
Perkins National Bank has collected the following information for four activities and two types of credit...
Perkins National Bank has collected the following information for four activities and two types of credit cards: Activity Driver Classic Gold Activity Rate Processing transactions Transactions processed 12,000 7,200 $0.20 Preparing statements Number of statements 12,000 7,200 0.95 Answering questions Number of calls 24,000 36,000 4.00 Providing ATMs ATM transactions 48,000 14,400 1.50 There are 7,500 holders of Classic cards and 30,000 holders of Gold cards. Required: Calculate the unit cost (rounded to the nearest cent) for Classic and Gold...
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eBook Show Me How Calculator Calculating ABC Unit Costs Perkins National Bank has collected the following...
eBook Show Me How Calculator Calculating ABC Unit Costs Perkins National Bank has collected the following information for four activities and two types of credit cards: Activity Driver Gold Processing transactions Transactions processed Classic 12,000 Activity Rate ($) 0.20 Preparing statements Number of statements 7,200 7,200 36,000 0.95 12,000 24,000 Answering questions Number of calls 4.00 Providing ATMs ATM transactions 48,000 14,400 1.50 There are 4,900 holders of Classic cards and 19,400 holders of the Gold cards. Required: Calculate the...
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ctivity-Based Costing, Activity Identification, Activity Dictionary Golding Bank is in the process of implementing an activity-based...
ctivity-Based Costing, Activity Identification, Activity Dictionary Golding Bank is in the process of implementing an activity-based costing system. A copy of an interview with the manager of Golding's Credit Card Department follows. QUESTION 1: How many employees are in your department? RESPONSE: There are eight employees, including me. QUESTION 2: What do they do (please describe)? RESPONSE: There are four major activities: supervising employees, processing credit card transactions, issuing customer statements, and answering customer questions. QUESTION 3: Do customers outside...
Simplifying the ABC System: TDABC Golding Bank provided the following data about its resources and activities...
Simplifying the ABC System: TDABC Golding Bank provided the following data about its resources and activities for its checking account process: Resources Activities Time per Unit Activity Driver Supervision Phone and supplies $70,000 90,000 Processing accounts Issuing statements 0.20 hr. No. of accounts 0.10 hr No. of statements Salaries 275,000 Processing transactions 0.05 hr. No. of transactions Computer 25,000 Answering customer inquiries 0.15 hr. No. of inquiries Total $460,000 Total check processing hours 25,000 (practical capacity) Required: 1. Calculate the...
(The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming...
(The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 36,000 units in inventory, 65% complete as to materials and 35% complete as to conversion costs. The beginning inventory cost of $81,100 consisted of $57,400 of direct materials costs and $23,700 of conversion costs. During the month, the forming department started 510,000 units....
calculating ABC Unit Costs Perkins National Bank has collected the following information for four activities and two types of credit cards: Activity Driver Classic Gold Activity Rate (5) Processing transactions Transactions processed 12,000 7,200 0.20 Preparing statements Number of statements 12,000 7,200 0.95 Answering questions Number of calls 24,000 36,000 4.00 Providing ATMs ATM transactions 48,000 14,400 1.50 There are 5,000 holders of Classic cards and 21,000 holders of the Gold cards. Required: Calculate the unit cost (rounded to the...
eBook Show Me How Calculator Calculating ABC Unit Costs Perkins National Bank has collected the following information for four activities and two types of credit cards: Activity Driver Gold Processing transactions Transactions processed Classic 12,000 Activity Rate ($) 0.20 Preparing statements Number of statements 7,200 7,200 36,000 0.95 12,000 24,000 Answering questions Number of calls 4.00 Providing ATMs ATM transactions 48,000 14,400 1.50 There are 4,900 holders of Classic cards and 19,400 holders of the Gold cards. Required: Calculate the...
Activity Rates Zapato Company produces two types of boots: vaquero and vaquera. There are four activities associated with the two products. Drivers for the four activities are as follows: Vaquero 2,400 2,850 650 Vaquera 5,400 4,650 Cutting hours Assembly hours Inspection hours Rework hours 2,430 The following activity data have been collected: Cutting Assembling $218,400 $125,000 $67,760 $42,250 Inspecting Reworking Required: Calculate the activity rates that would be used to assign costs to each product. If required, round your answers...
Simplifying the ABC System: TDABC Golding Bank provided the following data about its resources and activities for its checking account process: Resources Activities Time per Unit Activity Driver Supervision Phone and supplies $70,000 90,000 Processing accounts Issuing statements 0.20 hr. No. of accounts 0.10 hr No. of statements Salaries 275,000 Processing transactions 0.05 hr. No. of transactions Computer 25,000 Answering customer inquiries 0.15 hr. No. of inquiries Total $460,000 Total check processing hours 25,000 (practical capacity) Required: 1. Calculate the...
(The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 36,000 units in inventory, 65% complete as to materials and 35% complete as to conversion costs. The beginning inventory cost of $81,100 consisted of $57,400 of direct materials costs and $23,700 of conversion costs. During the month, the forming department started 510,000 units....
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