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The ABC Company had two options for sourcing molded plastic parts, and these options are presented...
Again Agame Inventory System The Again Agame Company produces a game with plastic injection molded parts...
Again Agame Inventory System The Again Agame Company produces a game with plastic injection molded parts (along with many other game parts). They receive the demand orders for their shop for the following week and then set up the plastic molding machine to make the parts. The average demand is 20 units per week, Each time they set up the machine (i.e., order parts), they incur a cost of $9, If they do not have enough parts on hand to...
Activity Rates Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic...
Activity Rates Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic injection molding and decal application. Patten's 20x1 total budgeted overhead costs for these two activities are $508,000 (90% for injection molding and 10% for decal application). Molding overhead costs are driven by the number of pounds of plastic that are molded together. Decal application overhead costs are driven by the number of decals applied to toys. The budgeted activity data for 20x1 are as...
Munoz Plastic Products Company makes a plastic toy using two departments: parts and assembly. The...
Munoz Plastic Products Company makes a plastic toy using two
departments: parts and assembly. The following data pertain to the
parts department’s transactions in 2018:
The beginning balance in the Work in Process Inventory account
was $12,300. This inventory consisted of parts for 1,000 toys. The
beginning balances in the Raw Materials Inventory, Production
Supplies, and Cash accounts were $162,350, $2,000, and $400,000,
respectively.
Direct materials costing $138,750 were issued to the parts
department. The materials were sufficient to make...
Perez Plastic Products Company makes a plastic toy using two departments: parts and assembly. The following...
Perez Plastic Products Company makes a plastic toy using two departments: parts and assembly. The following data pertain to the parts department's transactions in 2018: 1. The beginning balance in the Work in Process Inventory account was $12,200. This inventory consisted of parts for 1,000 toys. The beginning balances in the Raw Materials inventory Production Supplies, and Cash accounts were $178,400, $2.000 and $400,000, respectively 2. Direct materials costing $156,200 were issued to the parts department. The materials were sufficient...
Munoz Plastic Products Company makes a plastic toy using two departments: parts and assembly. The...
Munoz Plastic Products Company makes a plastic toy using two
departments: parts and assembly. The following data pertain to the
parts department’s transactions in 2018:
The beginning balance in the Work in Process Inventory account
was $12,300. This inventory consisted of parts for 1,000 toys. The
beginning balances in the Raw Materials Inventory, Production
Supplies, and Cash accounts were $162,350, $2,000, and $400,000,
respectively.
Direct materials costing $138,750 were issued to the parts
department. The materials were sufficient to make...
Exercise 17-10 Using ABC for strategic decisions LO P1, P3 Consider the following data for two...
Exercise 17-10 Using ABC for strategic decisions LO P1, P3 Consider the following data for two products of Gitano Manufacturing. (Loss amounts should be indicated with a minus sign. Round your intermediate calculations and "OH rate and cost per unit" answers to 2 decimal places) Product A Product B Number of units produced Direct labor cost ( $26 per DLH) Direct materials cost 11,500 units e.18 DLH per unit $ 2.40 per unit 1,700 units e.25 DUH per unit $...
Exercise 17-10 Using ABC for strategic decisions LO P1, P3 Consider the following data for two...
Exercise 17-10 Using ABC for strategic decisions LO P1, P3 Consider the following data for two products of Gitano Manufacturing (Loss amounts should be indicated with a minus sign. Round "OH rate and cost per unit" answers to 2 decimal places.) Product Products Number of units produced 10,000 units 2,000 units Direct labor cost (e $24 per ) 0.20 DLH per unit 0.25 DLH per unit Direct materials cost $ 2 per unit $ 3 per unit Activity Machine setup...
ABC Manufacturing Ltd. manufacture electrical parts. Data for two of the company's customers is as follows:...
ABC Manufacturing Ltd. manufacture electrical parts. Data for two of the company's customers is as follows: Customer A Customer B Revenue at list price $592,500 $102,000 Units Sold 75,000 10,000 Unit list price $7.90 $10.20 Cost of goods per unit $5.10 $6.25 Sales discounts $11,850 $1,020 Customer - specific costs Order-taking $13,600 $1,500 Product-handling $14,100 $1,350 Delivery $9,400 $1,290 Require a) Prepare a comparative income statement in gross margin format with one column for each customer; present customer-specific costs as...
Two parts to one question: Part two: Xie Company identified the following activities, costs, and activity...
Two parts to one question:
Part two:
Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types of go- karts: Deluxe and Basic Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costs $ 725,000 1,000,000 205,000 275,000 400,000 175,000 Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models Required: Compute the activity rate for each activity, assuming the...
ABC QUESTION: Owl Ltd This company has a subsidiary called Birdy Limited and is worried about...
ABC QUESTION: Owl Ltd This company has a subsidiary called Birdy Limited and is worried about the costing process Birdy Ltd makes two products, Feathers and Claws. It currently recovers overheads using a rate per direct labour hour. Information relating to each of these products is set out below. Claws £91 18,000 units 800 5 hours Feathers Selling price per unit £52 Annual sales volume 15,000 units Number of sales invoices issued each year 200 Labour time per unit 2...
Activity Rates Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic injection molding and decal application. Patten's 20x1 total budgeted overhead costs for these two activities are $508,000 (90% for injection molding and 10% for decal application). Molding overhead costs are driven by the number of pounds of plastic that are molded together. Decal application overhead costs are driven by the number of decals applied to toys. The budgeted activity data for 20x1 are as...
Munoz Plastic Products Company makes a plastic toy using two
departments: parts and assembly. The following data pertain to the
parts department’s transactions in 2018:
The beginning balance in the Work in Process Inventory account
was $12,300. This inventory consisted of parts for 1,000 toys. The
beginning balances in the Raw Materials Inventory, Production
Supplies, and Cash accounts were $162,350, $2,000, and $400,000,
respectively.
Direct materials costing $138,750 were issued to the parts
department. The materials were sufficient to make...
Perez Plastic Products Company makes a plastic toy using two departments: parts and assembly. The following data pertain to the parts department's transactions in 2018: 1. The beginning balance in the Work in Process Inventory account was $12,200. This inventory consisted of parts for 1,000 toys. The beginning balances in the Raw Materials inventory Production Supplies, and Cash accounts were $178,400, $2.000 and $400,000, respectively 2. Direct materials costing $156,200 were issued to the parts department. The materials were sufficient...
Munoz Plastic Products Company makes a plastic toy using two
departments: parts and assembly. The following data pertain to the
parts department’s transactions in 2018:
The beginning balance in the Work in Process Inventory account
was $12,300. This inventory consisted of parts for 1,000 toys. The
beginning balances in the Raw Materials Inventory, Production
Supplies, and Cash accounts were $162,350, $2,000, and $400,000,
respectively.
Direct materials costing $138,750 were issued to the parts
department. The materials were sufficient to make...
Exercise 17-10 Using ABC for strategic decisions LO P1, P3 Consider the following data for two products of Gitano Manufacturing. (Loss amounts should be indicated with a minus sign. Round your intermediate calculations and "OH rate and cost per unit" answers to 2 decimal places) Product A Product B Number of units produced Direct labor cost ( $26 per DLH) Direct materials cost 11,500 units e.18 DLH per unit $ 2.40 per unit 1,700 units e.25 DUH per unit $...
Exercise 17-10 Using ABC for strategic decisions LO P1, P3 Consider the following data for two products of Gitano Manufacturing (Loss amounts should be indicated with a minus sign. Round "OH rate and cost per unit" answers to 2 decimal places.) Product Products Number of units produced 10,000 units 2,000 units Direct labor cost (e $24 per ) 0.20 DLH per unit 0.25 DLH per unit Direct materials cost $ 2 per unit $ 3 per unit Activity Machine setup...
Two parts to one question:
Part two:
Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types of go- karts: Deluxe and Basic Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costs $ 725,000 1,000,000 205,000 275,000 400,000 175,000 Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models Required: Compute the activity rate for each activity, assuming the...
ABC QUESTION: Owl Ltd This company has a subsidiary called Birdy Limited and is worried about the costing process Birdy Ltd makes two products, Feathers and Claws. It currently recovers overheads using a rate per direct labour hour. Information relating to each of these products is set out below. Claws £91 18,000 units 800 5 hours Feathers Selling price per unit £52 Annual sales volume 15,000 units Number of sales invoices issued each year 200 Labour time per unit 2...
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