Homework Answers
20Calculation of ABC overhead rate
| Particulars | Cost drive | Estimated over head | No.of cost drive | ABC rate |
| Scheduling and tarvelling | Hours to travel | 80000 |
(920+510) 1430 |
55.944 |
| Set up time | Number of setup | 111600 |
(420+270) 690 |
161.74 |
| Supervision | Direct labor cost | 52500 |
(1040+2895) 3935 |
13.342 |
Overhead cost assigned to each product
| Cost | Commercial | residence |
| Scheduling and travelling |
(920*55.944) 51468.48 |
(510*55.944) 28531.44 |
| Setup time |
(161.74*420) 67930.8 |
(161.74*270) 43669.8 |
| Supervision |
(13.342*1040) 13875.68 |
(13.342*2895) 38625.09 |
| Total overhead coast | 133274. | 110826. |
Operating income under ABC
| Particulars | Commercial | Residencial |
| Sales | 297100 | 477000 |
| Less:Direct material | 30400 | 50500 |
| Direct labor | 104000 | 289500 |
| Overhead cost (calculated) | 133274 | 110826 |
| Operating income | 29426 | 26174 |
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Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The...
Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The...
Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Revenues $319,300 Residential $472,500 $50,000 $45,000 120,000 280,000 Direct materials costs Direct labor costs Overhead costs Operating income (loss) 79,300 244,300 167,500 497,500 $75,000 $(25,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window...
Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The...
Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Revenues Direct materials costs Direct labor costs Overhead costs Operating income (loss) Commercial $331,000 $30,000 140,000 91,000 261,000 $70,000 Residential $456,000 $50,000 260,000 176,000 486,000 $(30,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window...
Coronado Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The...
Coronado Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $355,500 $519,000 Direct materials costs $30,000 $50,000 Direct labor costs 140,000 260.000 Overhead costs 100,500 270,500 239,000 549,000 Operating income (loss) $85.000 $(30.000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window...
Marigold Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The...
Marigold Creations sells window treatments (shades, blinds, and
awnings) to both commercial and residential customers. The
following information relates to its budgeted operations for the
current year.
Commercial
Residential
Revenues
$356,500
$536,000
Direct materials costs
$35,000
$50,000
Direct labor costs
140,000
260,000
Overhead costs
91,500
266,500
251,000
561,000
Operating income (loss)
$90,000
$(25,000)
The controller, Peggy Kingman, is concerned about the residential
product line. She cannot understand why this line is not more
profitable given that the installations of window...
Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The...
Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $331,000 $456,000 Direct materials costs $30,000 $50,000 Direct labor costs 140,000 260,000 Overhead costs 91,000 261,000 176,000 486,000 Operating income (loss) $70,000 $(30,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window...
Exercise 17-14 Venus Creations seil window treatments (shades, blinds, and wings) to both commercial and residential...
Exercise 17-14 Venus Creations seil window treatments (shades, blinds, and wings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $299,700 $185,000 Direct materials costs $30,700 $50,500 Direct labor costs 107,000 293,500 Overhead costs 84,500 222,200 150.000 494,000 Operating income (oss) 1727500 60 The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more proftable given that the installations...
Question 3 Concord Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential...
Question 3 Concord Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $311,400 $460,000 Direct materials costs $30,000 $50,000 Direct labor costs 130,000 270,000 Overhead costs 86,400 246,400 160,000 480,000 Operating income (loss) $ 65,000 $(20,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the...
Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The...
Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $356,500 $536,000 Direct materials costs $35,000 $50,000 Direct labor costs 140,000 260,000 Overhead costs 91,500 266,500 251,000 561,000 Operating income (loss) $90,000 $(25,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window...
Exercise 17-14 a1-a2, b Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial...
Exercise 17-14 a1-a2, b Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and yesidential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $365,000 $474,000 Direct materials costs $40,000 $50,000 Direct labor costs 140,000 260,000 Overhead costs 120,000 300,000 184,000 494,000 Operating income (loss) $65,000 $(20,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that...
ALLEEATOR Exercise 17-14 al-a2, b Venus Creations sells window treatments (shades, blinds, and awnings) to both...
ALLEEATOR Exercise 17-14 al-a2, b Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year Commercial Residential Revenues $280,000 $484,000 Direct materials costs $30,000 $50,000 Direct labor costs 120,000 280,000 Overhead costs 78,000 225,000 184,000 514,000 Operating income (loss) $60,000 (30.000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given...
Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Revenues $319,300 Residential $472,500 $50,000 $45,000 120,000 280,000 Direct materials costs Direct labor costs Overhead costs Operating income (loss) 79,300 244,300 167,500 497,500 $75,000 $(25,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window...
Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Revenues Direct materials costs Direct labor costs Overhead costs Operating income (loss) Commercial $331,000 $30,000 140,000 91,000 261,000 $70,000 Residential $456,000 $50,000 260,000 176,000 486,000 $(30,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window...
Coronado Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $355,500 $519,000 Direct materials costs $30,000 $50,000 Direct labor costs 140,000 260.000 Overhead costs 100,500 270,500 239,000 549,000 Operating income (loss) $85.000 $(30.000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window...
Marigold Creations sells window treatments (shades, blinds, and
awnings) to both commercial and residential customers. The
following information relates to its budgeted operations for the
current year.
Commercial
Residential
Revenues
$356,500
$536,000
Direct materials costs
$35,000
$50,000
Direct labor costs
140,000
260,000
Overhead costs
91,500
266,500
251,000
561,000
Operating income (loss)
$90,000
$(25,000)
The controller, Peggy Kingman, is concerned about the residential
product line. She cannot understand why this line is not more
profitable given that the installations of window...
Exercise 17-14 Venus Creations seil window treatments (shades, blinds, and wings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $299,700 $185,000 Direct materials costs $30,700 $50,500 Direct labor costs 107,000 293,500 Overhead costs 84,500 222,200 150.000 494,000 Operating income (oss) 1727500 60 The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more proftable given that the installations...
Question 3 Concord Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $311,400 $460,000 Direct materials costs $30,000 $50,000 Direct labor costs 130,000 270,000 Overhead costs 86,400 246,400 160,000 480,000 Operating income (loss) $ 65,000 $(20,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the...
Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $356,500 $536,000 Direct materials costs $35,000 $50,000 Direct labor costs 140,000 260,000 Overhead costs 91,500 266,500 251,000 561,000 Operating income (loss) $90,000 $(25,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window...
Exercise 17-14 a1-a2, b Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and yesidential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $365,000 $474,000 Direct materials costs $40,000 $50,000 Direct labor costs 140,000 260,000 Overhead costs 120,000 300,000 184,000 494,000 Operating income (loss) $65,000 $(20,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that...
ALLEEATOR Exercise 17-14 al-a2, b Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year Commercial Residential Revenues $280,000 $484,000 Direct materials costs $30,000 $50,000 Direct labor costs 120,000 280,000 Overhead costs 78,000 225,000 184,000 514,000 Operating income (loss) $60,000 (30.000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given...
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