if you looked at billing for this center, and decided to use the Activity - Based...
Homework Answers
check in annual costs = $20,000,
cost driver total volume of PT and OT = 10,000
volume of PT = 6,000 procedures
allocation of check-in cost to PT = check in annual costs x volume of PT/cost driver total volume of PT and OT
= 20,000 x 6,000/10,000
= $12,000
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if
you looked at billing for this center, and decided to use the
Activity - Based...
LOVE UCIUL RR di 0 dation on an expansion strategy? EMENT. 05.15 ACTIVITY-BASED COSTING AND ACTIVITY-BASED...
LOVE UCIUL RR di 0 dation on an expansion strategy? EMENT. 05.15 ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT, AUTOMOTIVE SUPPLIER O'Sullivan Company is an automotive component supp O'Sullivan has been approached by Honda Canada's Alliston, Ontario, plant to conside expanding its production of part 2422 to a total annual quantity of 2,000 units. This part is a low-volume, complex product with a high cross margin that is based on a proposed quoted unit sales price of $7.50. O'Sullivan uses a traditional...
41. Activity-Based Costing Versus Traditional Approach, Activity-Based Management. Fine Finishing, Inc, produces a wood desk that...
41. Activity-Based Costing Versus Traditional Approach, Activity-Based Management. Fine Finishing, Inc, produces a wood desk that sells for $500 and a wood table that sells for $900. Last year, total overhead costs of $6,000,000 were allocated based on direct labor costs. Direct labor costs totaled $2,000,000 last year, and the company produced 15,000 desks and 5,000 tables. Total direct labor and direct materials costs by product for last year were as follows: Desk Table Direct materials $1,575,000 $950,000 Direct labor...
25-15 ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT, AUTOMOTIVE SUPPLIER O'Sullivan Company is an automotive component supplier. O'Sullivan...
25-15 ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT, AUTOMOTIVE SUPPLIER O'Sullivan Company is an automotive component supplier. O'Sullivan has been approached by Honda Canada's Alliston, Ontario, plant to consider expanding its production of part 24Ž2 to a total annual quantity of 2,000 units. This part is a low-volume, complex product with a high gross margin that is based on a proposed (quoted) unit sales price of $7.50. O'Sullivan uses a traditional costing system that allocates indirect manufacturing costs based on direct labour...
Potter & Weasley Company had the following activities, estimated indirect activity costs, and allocation bases: Activities...
Potter & Weasley Company had the following activities, estimated indirect activity costs, and allocation bases: Activities Indirect Activity Costs Allocation Base Account inquiry (hours) $85,300 4,000 Account billing (lines) $54,000 33,000 Account verification (accounts) $39,250 28,500 Correspondence (letters) $89,000 9,000 Potter & Weasley uses activity based costing. The above activities are used by Departments P and Q as follows: Department P Department Q Account inquiry (hours) 400 800 Account billing (lines) 10,000 4,000 Account verification (accounts) 6,000 7,000 O A....
14. Traditional and activity-based costing. Use the information in Exhibit 12.14 to answer these questions. a....
14. Traditional and activity-based costing. Use the information in Exhibit 12.14 to answer these questions. a. What is the per unit cost of an initial, regular, and intensive visit using the conventional and ABC approaches? b. What is the total cost of initial, regular, and intensive visits using the conventional and ABC approaches? REVIEW QUESTIONS AND PROBLEMS 577 EXHIBIT 12.14 DATA FOR TRADITIONAL AND ABC COST ALLOCATION, FOR PROBLEM 14 Total Cost by Visit Type Basic Data Initial (Glven) Regular...
LIVE UCIUI ing di 10 OD dation on an expansion strategy? CEMENT 05-15 ACTIVITY-BASED COSTING AND...
LIVE UCIUI ing di 10 OD dation on an expansion strategy? CEMENT 05-15 ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT, AUTOMOTIVE SUPPLIER O'Sullivan Company is an automotive component supplie motive component supplier. O'Sullivan has been approached by Honda Canada's Alliston, Ontario, plant to consider expanding its production of part 2422 to a total annual quantity of 2.000 units. This part is a low-volume, complex product with a high gross margin that is based on a proposed (quoted) unit sales price of $7.50....
Potter & Weasley Company had the following activities, estimated indirect activity costs, and allocation bases: Activities...
Potter & Weasley Company had the following activities, estimated indirect activity costs, and allocation bases: Activities Account inquiry (hours) Account billing (lines) Account verification (accounts) Correspondence (letters) Potter & Weasley uses activity based costing. Indirect Activity Costs $85,500 $57,000 $35,250 $73,000 Allocation Base 3700 31,000 28,500 11,000 The above activities are used by Departments P and Q as follows: Department Q Department P 800 Account inquiry (hours) Account billing (lines) Account verification (accounts) Correspondence (letters) 400 10,000 6,000 1.000 4,000...
Activity Center Variable Fixed Cost Driver Account inquiry $79,563 $161,000 3,300 labor hours Correspondence $9,860 $22,000...
Activity Center Variable Fixed Cost Driver Account inquiry $79,563 $161,000 3,300 labor hours Correspondence $9,860 $22,000 2,900 letters Account billing $122,500 $81,000 2,450,000 lines Bill verification $10,000 $76,000 20,000 accounts In September, actual costs and activity were as follows: Activity Center Total Costs Driver Amount Account inquiry $239,457 3,270 labor hours Correspondence $31,229 2,840 letters Account billing $194,025 2,260,000 lines Bill verification $86,177 20,150 accounts Required Compute the flexible-budget variances for the following two activity cost items (round all answers...
Starlight is considering using an activity-based costing method for assigning overhead. Management has accumulated the following...
Starlight is considering using an activity-based costing method for assigning overhead. Management has accumulated the following details: Mountain Blush Wicked Water Traditional Raw Ingredients Used: 480 lbs. 465 lbs. 430 lbs. $55,000 Barrel Setups: 45 45 40 $24,700 Quality Inspections: 30 26 24 $10,000 Packaging: 150 140 110 $15,000 Fermentation Hours: 709 hours 705 hours 680 hours INSTRUCTIONS: Calculate the overhead allocation amount by product using: Traditional allocation method (using fermentation hours as your cost driver) - 10 points Activity-based...
support activity cost allocation for Jakes Gems Coraded OievVOIR CtN etook Support activity cost allocation Jake's...
support activity cost allocation for Jakes Gems
Coraded OievVOIR CtN etook Support activity cost allocation Jake's Gems mines and produces diamonds, rubies, and other gems. The gems are produced by way of the Miging and Cutting activities. These production activities are supported by the Maintenance and Security activities. Security costs are allocated to the production activities based on asset value. Maintenance costs are normally allocated based on machine hours. However, Maintenance costs typically correlate more with the number of service...
LOVE UCIUL RR di 0 dation on an expansion strategy? EMENT. 05.15 ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT, AUTOMOTIVE SUPPLIER O'Sullivan Company is an automotive component supp O'Sullivan has been approached by Honda Canada's Alliston, Ontario, plant to conside expanding its production of part 2422 to a total annual quantity of 2,000 units. This part is a low-volume, complex product with a high cross margin that is based on a proposed quoted unit sales price of $7.50. O'Sullivan uses a traditional...
41. Activity-Based Costing Versus Traditional Approach, Activity-Based Management. Fine Finishing, Inc, produces a wood desk that sells for $500 and a wood table that sells for $900. Last year, total overhead costs of $6,000,000 were allocated based on direct labor costs. Direct labor costs totaled $2,000,000 last year, and the company produced 15,000 desks and 5,000 tables. Total direct labor and direct materials costs by product for last year were as follows: Desk Table Direct materials $1,575,000 $950,000 Direct labor...
25-15 ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT, AUTOMOTIVE SUPPLIER O'Sullivan Company is an automotive component supplier. O'Sullivan has been approached by Honda Canada's Alliston, Ontario, plant to consider expanding its production of part 24Ž2 to a total annual quantity of 2,000 units. This part is a low-volume, complex product with a high gross margin that is based on a proposed (quoted) unit sales price of $7.50. O'Sullivan uses a traditional costing system that allocates indirect manufacturing costs based on direct labour...
Potter & Weasley Company had the following activities, estimated indirect activity costs, and allocation bases: Activities Indirect Activity Costs Allocation Base Account inquiry (hours) $85,300 4,000 Account billing (lines) $54,000 33,000 Account verification (accounts) $39,250 28,500 Correspondence (letters) $89,000 9,000 Potter & Weasley uses activity based costing. The above activities are used by Departments P and Q as follows: Department P Department Q Account inquiry (hours) 400 800 Account billing (lines) 10,000 4,000 Account verification (accounts) 6,000 7,000 O A....
14. Traditional and activity-based costing. Use the information in Exhibit 12.14 to answer these questions. a. What is the per unit cost of an initial, regular, and intensive visit using the conventional and ABC approaches? b. What is the total cost of initial, regular, and intensive visits using the conventional and ABC approaches? REVIEW QUESTIONS AND PROBLEMS 577 EXHIBIT 12.14 DATA FOR TRADITIONAL AND ABC COST ALLOCATION, FOR PROBLEM 14 Total Cost by Visit Type Basic Data Initial (Glven) Regular...
LIVE UCIUI ing di 10 OD dation on an expansion strategy? CEMENT 05-15 ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT, AUTOMOTIVE SUPPLIER O'Sullivan Company is an automotive component supplie motive component supplier. O'Sullivan has been approached by Honda Canada's Alliston, Ontario, plant to consider expanding its production of part 2422 to a total annual quantity of 2.000 units. This part is a low-volume, complex product with a high gross margin that is based on a proposed (quoted) unit sales price of $7.50....
Potter & Weasley Company had the following activities, estimated indirect activity costs, and allocation bases: Activities Account inquiry (hours) Account billing (lines) Account verification (accounts) Correspondence (letters) Potter & Weasley uses activity based costing. Indirect Activity Costs $85,500 $57,000 $35,250 $73,000 Allocation Base 3700 31,000 28,500 11,000 The above activities are used by Departments P and Q as follows: Department Q Department P 800 Account inquiry (hours) Account billing (lines) Account verification (accounts) Correspondence (letters) 400 10,000 6,000 1.000 4,000...
Starlight is considering using an activity-based costing method for assigning overhead. Management has accumulated the following details: Mountain Blush Wicked Water Traditional Raw Ingredients Used: 480 lbs. 465 lbs. 430 lbs. $55,000 Barrel Setups: 45 45 40 $24,700 Quality Inspections: 30 26 24 $10,000 Packaging: 150 140 110 $15,000 Fermentation Hours: 709 hours 705 hours 680 hours INSTRUCTIONS: Calculate the overhead allocation amount by product using: Traditional allocation method (using fermentation hours as your cost driver) - 10 points Activity-based...
support activity cost allocation for Jakes Gems
Coraded OievVOIR CtN etook Support activity cost allocation Jake's Gems mines and produces diamonds, rubies, and other gems. The gems are produced by way of the Miging and Cutting activities. These production activities are supported by the Maintenance and Security activities. Security costs are allocated to the production activities based on asset value. Maintenance costs are normally allocated based on machine hours. However, Maintenance costs typically correlate more with the number of service...
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