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FunTime Company produces three lines of greeting cards: scented,
musical, and regular. Segmented income statements for the past year
are as follows:
Scented
Musical
Regular
Total
Sales
$ 10,000
$15,000
$25,000
$50,000
Less: Variable expenses
7,000
12,000
12,500
31,500
Contribution margin
$ 3,000
$ 3,000
$12,500
$18,500
Less: Direct fixed expenses
4,000
5,000
3,000
12,000
Segment margin
$ (1,000)
$ (2,000)
$ 9,500
$ 6,500
Less: Common fixed expenses
7,500
Operating income (loss)
$(1,000)
Kathy Bunker, president of FunTime, is...
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CLOUD Show Me How Calculator Consumption Ratios; Activity Rates Saludable Company produces two types of get-well cards: scented and regular. Drivers for the four activities are as follows: Scented Cards Regular Cards Inspection hours 100 140 100 Setup hours Machine hours Number of moves The following activity data has been collected: Inspecting products $5,090 Setting up equipment 4,730 Machining 6,330 Moving materials 1,320 Required: 1. Calculate the consumption ratios for the four drivers. Round your answers to two decimal places....
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Applied Overhead and Unit Overhead Cost: Plantwide Rates
Seco, Inc., produces two types of clothes dryers: deluxe and
regular. Seco uses a plantwide rate based on direct labor hours to
assign its overhead costs. The company has the following estimated
and actual data for the coming year:
Estimated overhead
$2,040,000
Expected activity
51,000
Actual activity (direct labor hours):
Deluxe dryer
10,000
Regular dryer
41,000
Units produced:
Deluxe dryer
20,000
Regular dryer
205,000
Required:
1. Calculate the predetermined plantwide
overhead rate,...
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Predetermined
Departmental Overhead Rates, Applying Overhead to Production
At the beginning of
the year, Hallett Company estimated the following:
Cutting Department
Sewing Department
Total
Overhead
$240,000
$350,000
$590,000
Direct labor hours
31,200
100,200
131,400
Machine hours
150,000
—
150,000
Hallett uses
departmental overhead rates. In the cutting department, overhead is
applied on the basis of machine hours. In the sewing department,
overhead is applied on the basis of direct labor hours. Actual data
for the month of June are as...
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At the beginning of the year, Glaser Company estimated the following: Testing Assembly Department Department Total Overhead $654,000 $719,400 $1,373,400 Direct labor hours 125,500 143,070 268,570 Machine hours 76.750 49,120 12870 Glaser uses departmental overhead rates. In the assembly department, overhead is applied on the basis of direct labor hours. In the testing department, overhead is applied a basis of machine hours. Actual data for the month of March are as follows: Testing Assembly Department Department Total Overhead $36,328 Direct...
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Product-Costing Accuracy, Plantwide and Departmental Rates,
ABC
Escuha Company produces two type of calculators: scientific and
business. Both products pass through two producing departments. The
business calculator is by far the most popular. SOLVE PLEASE
Product-Costing Accuracy, Plantwide and Departmental Rates, ABC Escuha Company produces two type of calculators: scientific and business. Both products pass through two producing departments. The business calculator is by far the most popular. The following data have been gathered for these two products: Units produced...
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Predetermined Departmental Overhead Rates, Applying Overhead to Production At the beginning of the year, Hallett Company estimated the following: Cutting Department Sewing Department Total Overhead $240,000 $350,000 $590,000 Direct labor hours 31,200 100,400 131,600 Machine hours 150,000 150,000 Hallett uses departmental overhead rates. In the cutting department, overhead is applied on the basis of machine hours. In the sewing department, overhead is applied on the basis of direct labor hours. Actual data for the month of June are as follows:...
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Escuha Company produces two type of calculators: scientific and business. Both products pass through two producing departments. The business calculator is by far the most popular. The following data have been gathered for these two products: Units produced per year Prime costs Direct labor hours Machine hours Production runs Inspection hours Product-Related Data Scientific Business 72,000 720,000 $253,000 $2,530,000 101,300 1,013,000 47,400 474,000 100 2,000 3,000 2,250 9,000 150 Maintenance hours Department Data Department 1 Department 2 75,200 111.430 186,630...
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Print Item Predetermined Departmental Overhead Rates, Applying Overhead to Production At the beginning of the year, Hallett Company estimated the following: Cutting Department Overhead Total $240,000 Sewing Department $350,000 100,000 $590,000 Direct labor hours Machine hours 31,200 131,200 150,000 150,000 Hallett uses departmental overhead rates. In the cutting department, overhead is applied on the basis of machine hours. In the sewing department, overhead is applied on the basis of direct labor hours. Actual data for the month of June are...
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Product-Costing Accuracy, Plantwide and Departmental Rates,
ABC
Escuha Company produces two type of calculators: scientific and
business. Both products pass through two producing departments. The
business calculator is by far the most popular. The following data
have been gathered for these two products: PLEASE SOLVE WRONG
ONES
Product Costing Accuracy, Plantwide and Departmental Rates, ABC Escuha Company produces two type of calculators: scientific and business. Both products pass through two producing departments. The business calculator is by far the most...
FunTime Company produces three lines of greeting cards: scented,
musical, and regular. Segmented income statements for the past year
are as follows:
Scented
Musical
Regular
Total
Sales
$ 10,000
$15,000
$25,000
$50,000
Less: Variable expenses
7,000
12,000
12,500
31,500
Contribution margin
$ 3,000
$ 3,000
$12,500
$18,500
Less: Direct fixed expenses
4,000
5,000
3,000
12,000
Segment margin
$ (1,000)
$ (2,000)
$ 9,500
$ 6,500
Less: Common fixed expenses
7,500
Operating income (loss)
$(1,000)
Kathy Bunker, president of FunTime, is...
CLOUD Show Me How Calculator Consumption Ratios; Activity Rates Saludable Company produces two types of get-well cards: scented and regular. Drivers for the four activities are as follows: Scented Cards Regular Cards Inspection hours 100 140 100 Setup hours Machine hours Number of moves The following activity data has been collected: Inspecting products $5,090 Setting up equipment 4,730 Machining 6,330 Moving materials 1,320 Required: 1. Calculate the consumption ratios for the four drivers. Round your answers to two decimal places....
At the beginning of the year, Glaser Company estimated the following: Testing Assembly Department Department Total Overhead $654,000 $719,400 $1,373,400 Direct labor hours 125,500 143,070 268,570 Machine hours 76.750 49,120 12870 Glaser uses departmental overhead rates. In the assembly department, overhead is applied on the basis of direct labor hours. In the testing department, overhead is applied a basis of machine hours. Actual data for the month of March are as follows: Testing Assembly Department Department Total Overhead $36,328 Direct...
Product-Costing Accuracy, Plantwide and Departmental Rates,
ABC
Escuha Company produces two type of calculators: scientific and
business. Both products pass through two producing departments. The
business calculator is by far the most popular. SOLVE PLEASE
Product-Costing Accuracy, Plantwide and Departmental Rates, ABC Escuha Company produces two type of calculators: scientific and business. Both products pass through two producing departments. The business calculator is by far the most popular. The following data have been gathered for these two products: Units produced...
Predetermined Departmental Overhead Rates, Applying Overhead to Production At the beginning of the year, Hallett Company estimated the following: Cutting Department Sewing Department Total Overhead $240,000 $350,000 $590,000 Direct labor hours 31,200 100,400 131,600 Machine hours 150,000 150,000 Hallett uses departmental overhead rates. In the cutting department, overhead is applied on the basis of machine hours. In the sewing department, overhead is applied on the basis of direct labor hours. Actual data for the month of June are as follows:...
Escuha Company produces two type of calculators: scientific and business. Both products pass through two producing departments. The business calculator is by far the most popular. The following data have been gathered for these two products: Units produced per year Prime costs Direct labor hours Machine hours Production runs Inspection hours Product-Related Data Scientific Business 72,000 720,000 $253,000 $2,530,000 101,300 1,013,000 47,400 474,000 100 2,000 3,000 2,250 9,000 150 Maintenance hours Department Data Department 1 Department 2 75,200 111.430 186,630...
Print Item Predetermined Departmental Overhead Rates, Applying Overhead to Production At the beginning of the year, Hallett Company estimated the following: Cutting Department Overhead Total $240,000 Sewing Department $350,000 100,000 $590,000 Direct labor hours Machine hours 31,200 131,200 150,000 150,000 Hallett uses departmental overhead rates. In the cutting department, overhead is applied on the basis of machine hours. In the sewing department, overhead is applied on the basis of direct labor hours. Actual data for the month of June are...
Product-Costing Accuracy, Plantwide and Departmental Rates,
ABC
Escuha Company produces two type of calculators: scientific and
business. Both products pass through two producing departments. The
business calculator is by far the most popular. The following data
have been gathered for these two products: PLEASE SOLVE WRONG
ONES
Product Costing Accuracy, Plantwide and Departmental Rates, ABC Escuha Company produces two type of calculators: scientific and business. Both products pass through two producing departments. The business calculator is by far the most...