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Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for...
Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $135,000 Number of setups 120 Ordering materials 10,800 Number of orders 600 Machining 119,000 Machine hours 11,900 Receiving 19,200 Receiving hours 960 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y Units completed 4,300 8,600 Number...
Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for...
Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $129,000 Number of setups 120 Ordering materials 15,300 Number of orders 900 Machining 92,400 Machine hours 11,550 Receiving 16,800 Receiving hours 1,050 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y Units completed 5,900 11,800 Number of setups 80 40 Number of orders...
custom products. VE 2 Exercise 4.22 Approximately Relevant ABC Silven Company has identified the following overhead...
custom products. VE 2 Exercise 4.22 Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment S126,000 Number of setups 150 Ordering materials 18,000 Number of orders 900 Machining 126,000 Machine hours Receiving 30,000 Receiving hours 1,250 10.500 Silven produces two models of cell phones with the following expected activity demands: Model X 5,000 Model Y 10,000 100 Units completed Number...
The following is a summary of all relevant transactions of ABC Corporation since it was organized...
The following is a summary of all relevant transactions of ABC Corporation since it was organized in 2019 16,950 shares were authorized and 8,000 shares of common stock ($50 parvalue) were issued at a price of $60. In 2012, 1,000 shares were issued as a stock dividend when the stock was selling for $68 300 shares of common stock were bought at a costof S72 per share. These 300 shares are still in the company treasury 11,300preferred shares were authorized...
The following is a summary of all relevant transactions of ABC Corporation since it was organized...
The following is a summary of all relevant transactions of ABC Corporation since it was organized in 2019. 16,950 shares were authorized and 8,000 shares of common stock($50 par value) were issued at a price of $60. In 2012, 1,000 shares were issued as a stock dividend when the stock was selling for $68. 300 shares of common stock were bought at a cost of $72 per share. These 300 shares are still in the company treasury. 11,300 preferred shares...
Which of the following is performed first in setting up an ABC system? a. Identify relevant...
Which of the following is performed first in setting up an ABC system? a. Identify relevant cost objects b. Assign costs to the costs pools c. Identify activities that are part of the manufacturing or service delivery process d. Allocate activity costs to the cost objects
Approximately Relevant ABCSilven Company has identified the following overhead activities, costs, and activity drivers for the...
Approximately Relevant ABCSilven Company has identified the following overhead activities, costs, and activity drivers for the coming year:Silven produces two models of cell phones with the following expected activity demands:Required:1. Determine the total overhead assigned to each product using the four activity drivers.2. Determine the total overhead assigned to each model using the two most expensive activities. The costs of the two relatively inexpensive activities are allocated to the two expensive activities in proportion to their costs.3. Using ABC as...
Fixed Cost = $500,000 ABC, INC. manufactures three products: A, B, and C. Relevant data below:...
Fixed Cost = $500,000
ABC, INC. manufactures three products: A, B, and C. Relevant data below: Unit Sales price Unit Var Cost Sales in units 100 150 200 50 90 7,000 2,000 1,000 90 a) What is the amount of profit at this sales volume? b) What is the breakeven point in sales dollars and units per product) at this sales mix? c) What sales volume in dollars must be achieved to earn a profit of $200,000? How many units...
show/explain work and do each part ABC, Inc. manufactures three products: A, B, and C. Relevant...
show/explain work and do each part
ABC, Inc. manufactures three products: A, B, and C. Relevant data: Unit Unit Var Cost Sales price Sales in units 100 150 200 50 90 90 7,000 2.000 1.000 Fixed costs are $500,000. Required: a) What is the amount of profit at this sales volume? b) What is the breakeven point in sales dollars and units per product) at this sales mix? c) What sales volume in dollars must be achieved to earn a...
ABC, Inc. manufactures three products: A, B, and C. Relevant data: Unit Unit Sales price Var...
ABC, Inc. manufactures three products: A, B, and C. Relevant data: Unit Unit Sales price Var Cost Sales in units A 100 50 7,000 B 150 90 2,000 C 200 90 1,000 Fixed costs are $500,000. Required: a) What is the amount of profit at this sales volume? b) What is the breakeven point (in sales dollars and units per product) at this sales mix? c) What sales volume in dollars must be achieved to earn a profit of $200,000?...
Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $129,000 Number of setups 120 Ordering materials 15,300 Number of orders 900 Machining 92,400 Machine hours 11,550 Receiving 16,800 Receiving hours 1,050 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y Units completed 5,900 11,800 Number of setups 80 40 Number of orders...
custom products. VE 2 Exercise 4.22 Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment S126,000 Number of setups 150 Ordering materials 18,000 Number of orders 900 Machining 126,000 Machine hours Receiving 30,000 Receiving hours 1,250 10.500 Silven produces two models of cell phones with the following expected activity demands: Model X 5,000 Model Y 10,000 100 Units completed Number...
The following is a summary of all relevant transactions of ABC Corporation since it was organized in 2019 16,950 shares were authorized and 8,000 shares of common stock ($50 parvalue) were issued at a price of $60. In 2012, 1,000 shares were issued as a stock dividend when the stock was selling for $68 300 shares of common stock were bought at a costof S72 per share. These 300 shares are still in the company treasury 11,300preferred shares were authorized...
The following is a summary of all relevant transactions of ABC Corporation since it was organized in 2019. 16,950 shares were authorized and 8,000 shares of common stock($50 par value) were issued at a price of $60. In 2012, 1,000 shares were issued as a stock dividend when the stock was selling for $68. 300 shares of common stock were bought at a cost of $72 per share. These 300 shares are still in the company treasury. 11,300 preferred shares...
Approximately Relevant ABCSilven Company has identified the following overhead activities, costs, and activity drivers for the coming year:Silven produces two models of cell phones with the following expected activity demands:Required:1. Determine the total overhead assigned to each product using the four activity drivers.2. Determine the total overhead assigned to each model using the two most expensive activities. The costs of the two relatively inexpensive activities are allocated to the two expensive activities in proportion to their costs.3. Using ABC as...
Fixed Cost = $500,000
ABC, INC. manufactures three products: A, B, and C. Relevant data below: Unit Sales price Unit Var Cost Sales in units 100 150 200 50 90 7,000 2,000 1,000 90 a) What is the amount of profit at this sales volume? b) What is the breakeven point in sales dollars and units per product) at this sales mix? c) What sales volume in dollars must be achieved to earn a profit of $200,000? How many units...
show/explain work and do each part
ABC, Inc. manufactures three products: A, B, and C. Relevant data: Unit Unit Var Cost Sales price Sales in units 100 150 200 50 90 90 7,000 2.000 1.000 Fixed costs are $500,000. Required: a) What is the amount of profit at this sales volume? b) What is the breakeven point in sales dollars and units per product) at this sales mix? c) What sales volume in dollars must be achieved to earn a...
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