Homework Answers
| Activity | January | February | March | Activity Usage | Indirect Cost |
| Ordering | $ 94.00000 | $ 93.90600 | $ 93.81209 | 61 | $ 5,722.54 |
| Delivery | $ 82.00000 | $ 81.91800 | $ 81.83608 | 98 | $ 8,019.94 |
| Shelf-stocking | $ 18.00000 | $ 17.98200 | $ 17.96402 | 287 | $ 5,155.67 |
| Customer Support | $ 0.21000 | $ 0.20979 | $ 0.20958 | 49900 | $ 10,458.04 |
| Total (March) | $ 29,356.19 |
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The Elmore store of Gabriel's Corner, a chain of small neighborhood convenience stores, has a Kaizen...
The Troy store of Carlson Mart, a chain of small neighborhood convenience stores, has a Kaizen...
The Troy store of Carlson Mart, a chain of small neighborhood
convenience stores, has a Kaizen (continuous improvement)
approach to budgeting monthly activity costs for each month of
2018. Carlson Mart has three product categories: soft drinks (35%
of cost of goods sold [COGS]), fresh snacks (25% of COGS), and
packaged food (40% of COGS). The following table shows the four
activities that consume indirect resources at the Troy store, the
cost drivers and their rates, and the cost-driver amount...
January 2018 January 2018 Budgeted Budgeted Amount of Cost Driver Used Cost-Driver Soft Fresh Packaged Activity...
January 2018 January 2018 Budgeted Budgeted Amount of Cost Driver Used Cost-Driver Soft Fresh Packaged Activity Cost Driver Rate Drinks Snacks Food $ 94 17 27 17 Ordering Delivery Shelf-stocking Number of purchase orders Number of deliveries Hours of stocking time 82 12 65 21 $ 18.00 20 174 93 Customer support Number of items sold $ 0.21 4,800 34,400 10,700 Each successive month, the budgeted cost-driver rate decreases by 0.1% relative to the preceding month. So, for example, February's...
1. The Rupert store of Henderson Mart, a chain of small neighborhood convenience stores, has a...
1. The Rupert store of Henderson Mart, a chain of small neighborhood convenience stores, has a Kaizen (continuous improvement) approach to budgeting monthly activity costs for each month of 2018. Henderson Mart has three product categories: soft drinks (35% of cost of goods sold [COGS]), fresh snacks (25% of COGS), and packaged food (40% of COGS). The following table shows the four activities that consume indirect resources at the Rupert store, the cost drivers and their rates, and the cost-driver...
E6-31 (similar to) Question Help The Orwell store of Family Mart, a chain of small neighborhood...
E6-31 (similar to) Question Help The Orwell store of Family Mart, a chain of small neighborhood convenience stores, has a Kaizen (continuous improvement) approach to budgeting monthly activity costs for each month of 2018. Family Mart has three product categories: soft drinks (35% of cost of goods sold [COGST, fresh snacks (25% of COGS), and packaged food (40% of COGS). The following table shows the four activities that consume indirect resources at the Orwell store, the cost drivers and their...
Master Budget and Responsibility Accounting Activity-based budgeting The Jerico store of Jiffy Mart, a chain of...
Master Budget and Responsibility Accounting Activity-based budgeting The Jerico store of Jiffy Mart, a chain of small neighborhood convenience stores, is preparing its activity- based budget for January 2018. Jiffy Mart has three product categories: soft drinks (35% of cost of goods sold [COGS]), fresh produce (25% of COGS), and packaged food (40% of COGS). The following table shows the four activities that consume indirect resources at the Jerico store, the cost drivers and their rates, and the cost-driver amount...
Herlocker Supermarkets (HS) is a regional supermarket chain operating in the Pacific Northwest. HS’s management has...
Herlocker Supermarkets (HS) is a regional supermarket chain operating in the Pacific Northwest. HS’s management has recently become concerned because its Eugene, Oregon store is barely breaking even. HS has decided to develop Activity-Based Cost (ABC) information about the profitability of the three product lines carried in the Eugene store: soft drinks, fresh produce, and packaged foods in order to assess the long-run viability of different products and how they contribute to overall profit. HS has collected the following 2019...
Supermart Food Stores (SFS) has experienced net operating losses in its frozen food products line in...
Supermart Food Stores (SFS) has experienced net operating losses in its frozen food products line in the last few periods. Management believes that the store can improve its profitability if SFS discontinues frozen foods. The operating results from the most recent period are: Frozen Foods Baked Goods Fresh Produce Sales $ 148,000 $ 142,000 $ 211,000 Cost of goods sold 128,000 104,000 153,000 SFS estimates that store support expenses, in total, are approximately 14% of revenues. The controller says that...
Gator Beach Marts, a chain of convenience grocery stores in the Fort Lauderdale area, has store...
Gator Beach Marts, a chain of convenience grocery stores in the
Fort Lauderdale area, has store hours that fluctuate from month to
month as the tourist trade in the community varies. The utility
costs for one of the company’s stores are listed below for the past
six months.
Month
Total Hours
of Operation
Total Utility
Cost
January
550
$
1,620
February
600
1,700
March
700
1,900
April
500
1,600
May
450
1,350
June
400
1,300
Required:
1-a. Use the...
Gator Beach Marts, a chain of convenience grocery stores in the Fort Lauderdale area, has store...
Gator Beach Marts, a chain of convenience grocery stores in the
Fort Lauderdale area, has store hours that fluctuate from month to
month as the tourist trade in the community varies. The utility
costs for one of the company’s stores are listed below for the past
six months.
Gator Beach Marts, a chain of convenience grocery stores in the Fort Lauderdale area, has store hours that fluctuate from month to month as the tourist trade in the community varies. The...
Supermart Food Stores (SFS) has experienced net operating losses in its frozen food products line in...
Supermart Food Stores (SFS) has experienced net operating losses in its frozen food products line in the last few periods. Management believes that the store can improve its profitability if SFS discontinues frozen foods. The operating results from the most recent period are: Baked Fresh Frozen Foods Goods Produce $91,000 67,000 $158,175 110,000 Sales $120,000 Cost of goods sold 105,000 SFS estimates that store support expenses, in total, are approximately 20% of revenues. The controller says that not every sales...
The Troy store of Carlson Mart, a chain of small neighborhood
convenience stores, has a Kaizen (continuous improvement)
approach to budgeting monthly activity costs for each month of
2018. Carlson Mart has three product categories: soft drinks (35%
of cost of goods sold [COGS]), fresh snacks (25% of COGS), and
packaged food (40% of COGS). The following table shows the four
activities that consume indirect resources at the Troy store, the
cost drivers and their rates, and the cost-driver amount...
January 2018 January 2018 Budgeted Budgeted Amount of Cost Driver Used Cost-Driver Soft Fresh Packaged Activity Cost Driver Rate Drinks Snacks Food $ 94 17 27 17 Ordering Delivery Shelf-stocking Number of purchase orders Number of deliveries Hours of stocking time 82 12 65 21 $ 18.00 20 174 93 Customer support Number of items sold $ 0.21 4,800 34,400 10,700 Each successive month, the budgeted cost-driver rate decreases by 0.1% relative to the preceding month. So, for example, February's...
1. The Rupert store of Henderson Mart, a chain of small neighborhood convenience stores, has a Kaizen (continuous improvement) approach to budgeting monthly activity costs for each month of 2018. Henderson Mart has three product categories: soft drinks (35% of cost of goods sold [COGS]), fresh snacks (25% of COGS), and packaged food (40% of COGS). The following table shows the four activities that consume indirect resources at the Rupert store, the cost drivers and their rates, and the cost-driver...
E6-31 (similar to) Question Help The Orwell store of Family Mart, a chain of small neighborhood convenience stores, has a Kaizen (continuous improvement) approach to budgeting monthly activity costs for each month of 2018. Family Mart has three product categories: soft drinks (35% of cost of goods sold [COGST, fresh snacks (25% of COGS), and packaged food (40% of COGS). The following table shows the four activities that consume indirect resources at the Orwell store, the cost drivers and their...
Master Budget and Responsibility Accounting Activity-based budgeting The Jerico store of Jiffy Mart, a chain of small neighborhood convenience stores, is preparing its activity- based budget for January 2018. Jiffy Mart has three product categories: soft drinks (35% of cost of goods sold [COGS]), fresh produce (25% of COGS), and packaged food (40% of COGS). The following table shows the four activities that consume indirect resources at the Jerico store, the cost drivers and their rates, and the cost-driver amount...
Gator Beach Marts, a chain of convenience grocery stores in the
Fort Lauderdale area, has store hours that fluctuate from month to
month as the tourist trade in the community varies. The utility
costs for one of the company’s stores are listed below for the past
six months.
Month
Total Hours
of Operation
Total Utility
Cost
January
550
$
1,620
February
600
1,700
March
700
1,900
April
500
1,600
May
450
1,350
June
400
1,300
Required:
1-a. Use the...
Gator Beach Marts, a chain of convenience grocery stores in the
Fort Lauderdale area, has store hours that fluctuate from month to
month as the tourist trade in the community varies. The utility
costs for one of the company’s stores are listed below for the past
six months.
Gator Beach Marts, a chain of convenience grocery stores in the Fort Lauderdale area, has store hours that fluctuate from month to month as the tourist trade in the community varies. The...
Supermart Food Stores (SFS) has experienced net operating losses in its frozen food products line in the last few periods. Management believes that the store can improve its profitability if SFS discontinues frozen foods. The operating results from the most recent period are: Baked Fresh Frozen Foods Goods Produce $91,000 67,000 $158,175 110,000 Sales $120,000 Cost of goods sold 105,000 SFS estimates that store support expenses, in total, are approximately 20% of revenues. The controller says that not every sales...
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