Homework Answers
Determination of the activity cost of converting the raw materials into 50 fireplace inserts:
| Fireplace inserts | |
| Activity cost | |
| Setup | $60 |
| Movement | |
| Batch | $60 |
| Weight | $2000 |
| Inspection | $1500 |
| Drilling | $20000 |
| Welding | $938 |
| Shaping | $900 |
| Assembly | $200 |
| Total | $25658 |
Notes:
| Activity |
Activity cost (a) |
Activity Required for 50 Fireplace inserts (b) | Total Allocated Activity Cost (a) × (b) |
| Machine setup | $60 per batch | 1 Batch | $60 |
| Movement | |||
| Batch | $15 per batch | 4 batch Moves | $60 |
| Weight | $0.10 per pound | 20000 pounds (50Units×100pounds×4moves) | $2000 |
| Drilling | $3 per hole | 500holes (10holes×50units) | $1500 |
| Welding | $4 per inch | 5000 inches (100inches×50units) | $20000 |
| Shaping | $25 per hour | 37.5hrs (45min×50units =2250mins) | $938 |
| Assembly | $18 per hour | 50 hrs (1 hr×50units) | $900 |
| Inspection | $2 per unit | 100 sets (2sets×50units) | $200 |
| Total | $25658 |
______×_______
Do vote, All the best,
HAPPY CHEGGING.
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Two-Stage ABC for Manufacturing: Reassigning Costs to Cost Objectives National Technology, LTD. has developed the following...
Two-Stage ABC for Manufacturing: Reassigning Costs to Cost Objectives National Technology, LTD. has developed the following...
Two-Stage ABC for Manufacturing: Reassigning Costs to Cost Objectives National Technology, LTD. has developed the following activity cost information for its manufacturing activities: Activity Activity Cost per batch Movement 20.00 per batch 0.10 per pound 3.00 per hole 8.00 per inch Machine setup $70.00 Drilling Welding Shaping 29.00 per hour Assembly 18.00 per hour Inspection 2.00 per unit Filling an order for a batch of 50 fireplace inserts that weighed 150 pounds each required the following: Three batch moves ....
Stage 2 ABC for Manufacturing: Reassigning Costs to Cost Objectives Regal Products has developed the following...
Stage 2 ABC for Manufacturing: Reassigning Costs to Cost Objectives Regal Products has developed the following activity cost information for its manufacturing activities: Activity Activity cost Machine setup $60.00 per batch Movement 15.00 per batch move 0.10 per pound Drilling 5.00 per hole Welding 2.00 per inch Shaping 25.00 per hour Assembly 19.00 per hour Inspection 2.00 per unit Filling an order for a batch of 50 fireplace inserts (each insert weighing 150 pounds) required the following: Three batch moves...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools Fabrication Department Finishing Department Cost Driver Maintenance Materials handling Machine setups Inspections $35,000 30,000 70,000 $25,000 Machine hours 15,000 Material moves 5,000 Machine setups 25,000 Inspection hours $135,000 $70,000 The following activity predictions were also made for the year: Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 5,000 1,500 50 1,000 10,000 3,000 700 It...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2019 for...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2019 for the given activity cost pools: Fabrication Department Finishing Department Cost Driver Maintenance $20,000 $10,000 Machine hours Materials handling 30,000 15,000 Material moves Machine setups 70,000 5,000 Machine setups Inspections 25,000 inspection hours $120,000 $55,000 The following activity predictions were also made for the year: Fabrication Department Finishing Department Machine hours 10,000 5,000 Material moves 3,000 1,500 Machine setups 700 50 Inspection hours 1,000 It...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools Fabrication Department Finishing Department Cost Driver Maintenance Materials handling Machine setups Inspections $65,000 30,000 70,000 $55,000 Machine hours 15,000 Material moves 5,000 Machine setups 25,000 Inspection hours 165,000 $100,000 The following activity predictions were also made for the year Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 5,000 1,500 50 1,000 10,000 3,000 700 It...
Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for...
Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for the given activity cost pools: Fabrication Finishing Dement Department Center Maintenance 550.000 10000 Machine hours handing 90,000 45.000 Materal moves Machine 200.000 15.000 chines Inspections M The following activity predictions were also made for the years Fabrication Finishing Department Department Machine hours Material moves Machine Setups 350 5.00 It is assumed that the cost per unit of activity for a given activity does not...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools: Maintenance Materials handling Machine setups Inspections Fabrication Department Finishing Department Cost Driver $35,000 $25,000 Machine hours 30,000 15,000 Material moves 70,000 5,000 Machine setups 25,000 Inspection hours $135,000 $70,000 The following activity predictions were also made for the year: Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 10,000 5,000 3,000 1,500 700 1,000 50 It...
84,000 Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019...
84,000 Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for the given activity cost pools: Fabrication Finishing Department Department Cost Driver Maintenance $ 24,000 12,000 Machine hours Materials handling 36,000 18,000 Material moves Machine 6,000 Machine setups Inspections 30,000 Inspection hours Total $144,000 $ 66,000 The following activity predictions were also made for the year: Fabrication Finishing Department Department Machine hours 5,000 2,500 Material moves 1,500 750 Machine setups 350 25 Inspection hours...
Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for...
Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for the given activity cost pools: Finishing Department Department Fabrication Cost Driver $ 30,000 15,000 Machine hours Maintenance Materials handling 22,500 Material moves 45,000 Machine 7,500 Machine setups 105,000 Inspections 37,500 Inspection hours $180,000 $82,500 Total The following activity predictions were also made for the year: Finishing Fabrication Department Department Machine hours 5,000 2,500 Material moves 1,500 750 Machine setups 350 25 Inspection hours 500...
Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for...
Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for the given activity cost pools: Fabrication Department Finishing Department Cost Driver Maintenance $ 54,000 27,000 Machine hours Materials handling 81,000 40,500 Material moves Machine 189,000 13,500 Machine setups Inspections - 67,500 Inspection hours Total $ 324,000 $ 148,500 The following activity predictions were also made for the year: Fabrication Department Finishing Department Machine hours 5,000 2,500 Material moves 1,500 750 Machine setups 350 25...
Two-Stage ABC for Manufacturing: Reassigning Costs to Cost Objectives National Technology, LTD. has developed the following activity cost information for its manufacturing activities: Activity Activity Cost per batch Movement 20.00 per batch 0.10 per pound 3.00 per hole 8.00 per inch Machine setup $70.00 Drilling Welding Shaping 29.00 per hour Assembly 18.00 per hour Inspection 2.00 per unit Filling an order for a batch of 50 fireplace inserts that weighed 150 pounds each required the following: Three batch moves ....
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools Fabrication Department Finishing Department Cost Driver Maintenance Materials handling Machine setups Inspections $35,000 30,000 70,000 $25,000 Machine hours 15,000 Material moves 5,000 Machine setups 25,000 Inspection hours $135,000 $70,000 The following activity predictions were also made for the year: Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 5,000 1,500 50 1,000 10,000 3,000 700 It...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2019 for the given activity cost pools: Fabrication Department Finishing Department Cost Driver Maintenance $20,000 $10,000 Machine hours Materials handling 30,000 15,000 Material moves Machine setups 70,000 5,000 Machine setups Inspections 25,000 inspection hours $120,000 $55,000 The following activity predictions were also made for the year: Fabrication Department Finishing Department Machine hours 10,000 5,000 Material moves 3,000 1,500 Machine setups 700 50 Inspection hours 1,000 It...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools Fabrication Department Finishing Department Cost Driver Maintenance Materials handling Machine setups Inspections $65,000 30,000 70,000 $55,000 Machine hours 15,000 Material moves 5,000 Machine setups 25,000 Inspection hours 165,000 $100,000 The following activity predictions were also made for the year Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 5,000 1,500 50 1,000 10,000 3,000 700 It...
Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for the given activity cost pools: Fabrication Finishing Dement Department Center Maintenance 550.000 10000 Machine hours handing 90,000 45.000 Materal moves Machine 200.000 15.000 chines Inspections M The following activity predictions were also made for the years Fabrication Finishing Department Department Machine hours Material moves Machine Setups 350 5.00 It is assumed that the cost per unit of activity for a given activity does not...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools: Maintenance Materials handling Machine setups Inspections Fabrication Department Finishing Department Cost Driver $35,000 $25,000 Machine hours 30,000 15,000 Material moves 70,000 5,000 Machine setups 25,000 Inspection hours $135,000 $70,000 The following activity predictions were also made for the year: Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 10,000 5,000 3,000 1,500 700 1,000 50 It...
84,000 Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for the given activity cost pools: Fabrication Finishing Department Department Cost Driver Maintenance $ 24,000 12,000 Machine hours Materials handling 36,000 18,000 Material moves Machine 6,000 Machine setups Inspections 30,000 Inspection hours Total $144,000 $ 66,000 The following activity predictions were also made for the year: Fabrication Finishing Department Department Machine hours 5,000 2,500 Material moves 1,500 750 Machine setups 350 25 Inspection hours...
Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for the given activity cost pools: Finishing Department Department Fabrication Cost Driver $ 30,000 15,000 Machine hours Maintenance Materials handling 22,500 Material moves 45,000 Machine 7,500 Machine setups 105,000 Inspections 37,500 Inspection hours $180,000 $82,500 Total The following activity predictions were also made for the year: Finishing Fabrication Department Department Machine hours 5,000 2,500 Material moves 1,500 750 Machine setups 350 25 Inspection hours 500...
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