Homework Answers
a). Activity-based costing
Cost allocation:
| Accounting units | Processing units | Supporting customers | Other | Total | |
| Manufacturing | 250000 | 175000 | 25000 | 50000 | 500000 |
| S&A | 30000 | 135000 | 75000 | 60000 | 300000 |
| Total | 280000 | 310000 | 100000 | 110000 | 800000 |
Activity rates
Assembling units = 280000 / 1,000 units = $280 per unit
Processing orders = 310000 / 250 orders = $1240 per order
Supporting customers = 100000/ 100 customers = $1000 per
customer
| Sales(80 x 595) | 47600 |
| Costs: Direct material(80 x 180) | 14400 |
| Direct Labor(80 x 50) | 4000 |
| Assembling units(80 x 280) | 22400 |
| Processing units(23x 1240 per) | 28520 |
| Supporting documents(1 x 1000) | 1000 |
| Activity-based consumer margin | (22720) |
b) Traditional based
Manufacturing Overhead per unit = 500000 / 1000 orders = 500 per unit
| Sales(80 x 595) | 47600 |
| Costs: Direct material(80 x 180) | 14400 |
| Direct Labor(80 x 50) | 4000 |
| Manufacturing overheads(80 x 500) | 40000 |
| Activity-based consumer margin | (10800) |
c) 1st and 4th are true
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1 сарег Т.Аррупу Excel 2 3 Data 4 $ Manufacturing overhead Selling and administrative overhead 500,000...
3 Data 4 $ Manufacturing overhead Selling and administrative overhead 500,000 300,000 5 $ 6 7...
3 Data 4 $ Manufacturing overhead Selling and administrative overhead 500,000 300,000 5 $ 6 7 Assembling Units Other Processing Orders 35% Supporting Customers 5% 50% 10% 40% 20% 8 Manufacturing overhead 9 Selling and administrative overhead 10 Total activity 11 10% 1,000 30% 250 100 units orders customers 12 13 OfficeMart orders: 14 Customers 1 customer 23 orders 80 units 15 Orders 16 Number of filing cabinets ordered in total 17 Selling price 18 Direct materials $ 595 $...
2. Assume that OfficeMart places orders more frequently, but everything else remains the same. On your...
2. Assume that OfficeMart places orders more frequently, but everything else remains the same. On your worksheet increase the number of orders from 4 to 20. (Prior to completing this requirement, change all worksheet figures back to their original amounts.) 1 Chapter 7: Applying Excel 3 4 5 Data Manufacturing overhead Selling and administrative overhead $ $ 500,000 300,000 Other 8 9 10 Manufacturing overhead Selling and administrative overhead Total activity Assembling Units 50% 10% 1,000 units Processing Orders 35%...
330 Chapter 2 A 1 Chapter Applying Excel Data Manufacturing whead Selling and administrative overhead Dat...
330 Chapter 2 A 1 Chapter Applying Excel Data Manufacturing whead Selling and administrative overhead Dat Ma Sel $500.000 5300.000 Assembling Processing Supporting Orders Customers 50% 5% 10% 45% 25% 1 000 250 100 orders customers Other 10% 20% Ma Sel Tot 8 Manufacturing overhead Selling and administrative overhead 10 Total activity 11 12 13 OfficeMart oders 1 customer 14 Customers 4 orders 15 Orders 16 Number of filing cabinets ordered in total 80 units 17 Selling price $595 18...
solving the "?"s Data Manufacturing overhead Selling and administrative overhead $500,000 $300,000 Manufacturing overhead Selling and...
solving the "?"s
Data Manufacturing overhead Selling and administrative overhead $500,000 $300,000 Manufacturing overhead Selling and administrative overhead Total activity Assemblin Processing Supporting g Units Orders Customer 50% 35% 5% 10% 45% 25% 1,000 250 100 units orders customers Other 10% 20% OfficeMart orders: Customers Orders red in total Number of filing cabinets ordered in total Selling price Direct materials Direct labor 1 customer 4 orders 80 units $595 $180 $50 Enter a formula into each of the cells marked...
3. OfficeMart has found an error in its data. The percentage of selling and administrative overhead...
3. OfficeMart has found an error in its data. The percentage of selling and administrative overhead attributable to processing orders should be changed to 35% from 45% and the percentage attributable to supporting customers should be changed to 35% from 25%. B C D E F 1 Chapter 7: Applying Excel 2 3 Data 4 Manufacturing overhead 5 Selling and administrative overhead 6 $500,000 $300.000 7 Assembling Units 50% 10% 1.000 units Processing Orders 35% 35% 250 orders Supporting Customers...
2. Assume that Office Mart places orders more frequently, but everything else remains the same. On...
2. Assume that Office Mart places orders more frequently, but everything else remains the same. On your worksheet increase the number of orders from 4 to 13. (Prior to completing this requirement, change all worksheet figures back to their original amounts.) B с D E F A 1 Chapter 7: Applying Excel 2 3 Data 4 Manufacturing overhead 5 Selling and administrative overhead 6 $500,000 $300.000 7 Assernbling Units 50% 10% 1,000 units Processing Orders 35% 45% 250 orders Supporting...
Clipboard Font Alignment Number B27 Xv fx ? CD 1 Chapter 7: Applying Excel 2 3...
Clipboard Font Alignment Number B27 Xv fx ? CD 1 Chapter 7: Applying Excel 2 3 Data 4 Manufacturing overhead 5 Selling and administrative overhead $500,000 $300,000 5% 8 Manufacturing overhead 9 Selling and administrative overhead 10 Total activity Assembling Processing Supporting Units Orders Customers 50% 35% 10% 45% 25% 1,000 250 100 units orders customers Other 10% 20% 12 13 OfficeMart orders: 14 Customers 1 customer 15 Orders 4 orders 16 Number of filing cabinets ordered in total 80...
Download the Applying Excel form and enter formulas in all cells that contain question marks. For...
Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B26 enter the formula “= B4*B8”. Note that the worksheet contains a section at the bottom titled “Determine the Product Margin Under a Traditional Cost System” that is not in the Review Problem. In this section, it is assumed that the traditional costing system allocates manufacturing overhead on the basis of the number of units produced. When completed, that part of...
In need of the formulas that will be inputted into the excel sheet? Download the Applying...
In need of the formulas that will be inputted into the excel
sheet?
Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B26 enter the formula "B4-B8". that is not in the Review Problem. In this section, it is assumed that the traditional costing system allocates manufacturing overhead on the basis of Note that the worksheet contains a section at the bottom titled "Determine the Product Margin Under a Traditional...
CH 7 Applying Excel Instructions: 1. Update this spreadsheet with the appropriate formulas in the cells...
CH 7 Applying Excel
Instructions: 1. Update this spreadsheet with the appropriate formulas in the cells below with question marks. 2. Then, make a copy of the sheet in this same workbook and prepare Requirement 2 on page 340. Note: You can also make the changes suggested in Requirement 1, if you want, to check your worksheet the first time to make sure it works properly. Chapter 7: Applying Excel Page 339 Data Manufacturing overhead Selling and administrative overhead $500,000...
3 Data 4 $ Manufacturing overhead Selling and administrative overhead 500,000 300,000 5 $ 6 7 Assembling Units Other Processing Orders 35% Supporting Customers 5% 50% 10% 40% 20% 8 Manufacturing overhead 9 Selling and administrative overhead 10 Total activity 11 10% 1,000 30% 250 100 units orders customers 12 13 OfficeMart orders: 14 Customers 1 customer 23 orders 80 units 15 Orders 16 Number of filing cabinets ordered in total 17 Selling price 18 Direct materials $ 595 $...
2. Assume that OfficeMart places orders more frequently, but everything else remains the same. On your worksheet increase the number of orders from 4 to 20. (Prior to completing this requirement, change all worksheet figures back to their original amounts.) 1 Chapter 7: Applying Excel 3 4 5 Data Manufacturing overhead Selling and administrative overhead $ $ 500,000 300,000 Other 8 9 10 Manufacturing overhead Selling and administrative overhead Total activity Assembling Units 50% 10% 1,000 units Processing Orders 35%...
330 Chapter 2 A 1 Chapter Applying Excel Data Manufacturing whead Selling and administrative overhead Dat Ma Sel $500.000 5300.000 Assembling Processing Supporting Orders Customers 50% 5% 10% 45% 25% 1 000 250 100 orders customers Other 10% 20% Ma Sel Tot 8 Manufacturing overhead Selling and administrative overhead 10 Total activity 11 12 13 OfficeMart oders 1 customer 14 Customers 4 orders 15 Orders 16 Number of filing cabinets ordered in total 80 units 17 Selling price $595 18...
solving the "?"s
Data Manufacturing overhead Selling and administrative overhead $500,000 $300,000 Manufacturing overhead Selling and administrative overhead Total activity Assemblin Processing Supporting g Units Orders Customer 50% 35% 5% 10% 45% 25% 1,000 250 100 units orders customers Other 10% 20% OfficeMart orders: Customers Orders red in total Number of filing cabinets ordered in total Selling price Direct materials Direct labor 1 customer 4 orders 80 units $595 $180 $50 Enter a formula into each of the cells marked...
3. OfficeMart has found an error in its data. The percentage of selling and administrative overhead attributable to processing orders should be changed to 35% from 45% and the percentage attributable to supporting customers should be changed to 35% from 25%. B C D E F 1 Chapter 7: Applying Excel 2 3 Data 4 Manufacturing overhead 5 Selling and administrative overhead 6 $500,000 $300.000 7 Assembling Units 50% 10% 1.000 units Processing Orders 35% 35% 250 orders Supporting Customers...
2. Assume that Office Mart places orders more frequently, but everything else remains the same. On your worksheet increase the number of orders from 4 to 13. (Prior to completing this requirement, change all worksheet figures back to their original amounts.) B с D E F A 1 Chapter 7: Applying Excel 2 3 Data 4 Manufacturing overhead 5 Selling and administrative overhead 6 $500,000 $300.000 7 Assernbling Units 50% 10% 1,000 units Processing Orders 35% 45% 250 orders Supporting...
Clipboard Font Alignment Number B27 Xv fx ? CD 1 Chapter 7: Applying Excel 2 3 Data 4 Manufacturing overhead 5 Selling and administrative overhead $500,000 $300,000 5% 8 Manufacturing overhead 9 Selling and administrative overhead 10 Total activity Assembling Processing Supporting Units Orders Customers 50% 35% 10% 45% 25% 1,000 250 100 units orders customers Other 10% 20% 12 13 OfficeMart orders: 14 Customers 1 customer 15 Orders 4 orders 16 Number of filing cabinets ordered in total 80...
In need of the formulas that will be inputted into the excel
sheet?
Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B26 enter the formula "B4-B8". that is not in the Review Problem. In this section, it is assumed that the traditional costing system allocates manufacturing overhead on the basis of Note that the worksheet contains a section at the bottom titled "Determine the Product Margin Under a Traditional...
CH 7 Applying Excel
Instructions: 1. Update this spreadsheet with the appropriate formulas in the cells below with question marks. 2. Then, make a copy of the sheet in this same workbook and prepare Requirement 2 on page 340. Note: You can also make the changes suggested in Requirement 1, if you want, to check your worksheet the first time to make sure it works properly. Chapter 7: Applying Excel Page 339 Data Manufacturing overhead Selling and administrative overhead $500,000...
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