Q 1 Give a numerical example of non routine decision, Determine the relevant costs for this...
Q 1 Give a numerical example of non routine decision, Determine the relevant costs for this non routine decision and discuss the analysis (quantitative and qualitative) required to make the decision?
Q 2 Which types of companies would most likely use a process costing system? Provide examples of two Saudi Compagnies.
Explain the methods with which the cost per unit will be calculated for this type of companies. Explain how the different items of inventory will be evaluated?
Q 3 KLM Compagny has two departments, Assembly and Testing. You are given the following information about the costs of 5 activities that occur at the manufacturing plant monthly:
Activity Total Costs Total number of units of Cost Driver
Material handling SAR200, 000 400,000 parts
Supervision of direct labor 126,000 90 employees
Janitorial and cleaning 200,000 4,000 hours
Machining 300,000 7,000 machine hours
Total costs SAR826,000
The above activities are used by the two departments as follows:
Assembly Testing
Material handling 200,000 parts 200,000 parts
Supervision of direct labor 40 employees 50 employees
Time spent cleaning 2,000 hours 2,000 hours
Number of machine hours 5,000 machine hours 2,000 machine hours
a. How much of the material handling cost will be allocated to Assembly?
b. What is the ABC allocation rate for supervision of direct labor?
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Q 1 Give a numerical example of non routine decision,
Determine the relevant costs for this...
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Please show work. Thank you Practice Problem 2 The Schramka Company manufactures a variety of chairs....
Please show work. Thank you
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need help with exercise 1
parts 1-3
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Calculating Departmental Overhead Rates Using Post-Allocation Costs Valron Company has two support departments, Human Resources and...
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The Sendai Co., Ltd., of Japan has budgeted costs in its various departments as follows for...
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California Circuits Company (3C) manufactures a variety of components. Its Valley plant specializes in two electronic...
California Circuits Company (3C) manufactures a variety of components. Its Valley plant specializes in two electronic components used in circuit boards. These components serve the same function and perform equally well. The difference in the two products is the raw material. The XL-D chip is the older of the two components and is made with a metal that requires a wash prior to assembly. Originally, the plant released the wastewater directly into a local river. Several years ago, the company...
DATA FOR GRAPHS: 1) Est. Overhead costs by Department a) Finishing: $3,000,000 b) assembly: $5,000,000 2)Estimated...
DATA FOR GRAPHS:
1) Est. Overhead costs by Department
a) Finishing: $3,000,000
b) assembly: $5,000,000
2)Estimated
Direct Labor Hours & Machine Hours by Department
a) Direct labor hours: Finishing=25,000 hr , Assembly=100,000
hr
b) Machine hours: finishing =30,000 hr , assembly = 70,000 hr
3) Est. Overhead costs by activity
a) supervision : $2,000,000
b) maintenace : $6,000,000
Cost Driver & Exp. Usage by Activity
a) Supervison: 125,000 direct labor hours
b) Maintance: 100,000 machine hours
Chrom Co. manufactures two...
California Circuits Company (3C) manufactures a variety of components. Its Valley plant specializes in two electronic components used in circuit boards. These components serve the same function and perform equally well. The difference in the two products is the raw material. The XL-D chip is the older of the two components and is made with a metal that requires a wash prior to assembly. Originally. the plant released the wastewater directly into a local river. Several years ago, the company...
The Sendai Co., Ltd., of Japan has budgeted costs in its various departments as follows for the coming year Factory Administration Custodial Services Personnel Maintenance Machining overhead Assembly-overhead Total cost $ 533,800 102,568 68,774 151,718 1,851,536 761,704 $3,470, 100 The company allocates service department costs to other departments in the order listed below. Department Factory Administration Custodial Services Personnel Maintenance Machining Assembly Square Total Teet of Direct Number of Labor Space Labor- Machine Employees Hours Occupied Hours Hours - 6,500...
Please show work. Thank you
Practice Problem 2 The Schramka Company manufactures a variety of chairs. The company's activity areas and related data follow: Manufacturing Activity Budgeted Overhead Costs Expected Capacity Overhead Cost per Unit of Cost Driver (PDOH) Cost Driver Material handling Cutting Assembly Painting $ 200,000 $ 2,000,000 $ 5,000,000 $ 1,000,000 Number of parts Number of parts Direct labor hours Number of units 800,000 800,000 200,000 45,455 $0.25 $2.50 $25.00 $22.00 Two styles of chairs were produced...
need help with exercise 1
parts 1-3
Exercise Oro Company has two departments with the following production data. It has historically used a single-plant-wide overhead rate based on direct labor cost Welding Fabrication Manufacturing overhead cos $ 120,000 $ 180,000 Direct labor cost $ 25,000 $ 6,250 Direct labor hours 2,500 625 Machine hours 100 2,000 a) Single Plant-Wide Overhead Rate Compute departmental overhead rates. Assume welding applies overhead using direct labor hours and fabrication using machine hours. b) Departmental...
Calculating Departmental Overhead Rates Using Post-Allocation Costs Valron Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly Support Departments Producing Departments Human Resources General Factory Fabricating Assembly Direct easts $160,000 $340,000 $114,600 593,000 Normal activity: Number of employees 60 30 170 13,300 Square footage 1,000 5,700 The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the...
The Sendai Co., Ltd., of Japan has budgeted costs in its various departments as follows for the coming year: Factory Administration Custodial Services $ 640,680 103,274 Personnel 31,056 148,590 1,391,860 510,140 Maintenance Machining-overhead Assembly-overhead Total cost $2,825,600 The company allocates service department costs to other departments in the order listed below. Square Feet of Direct Total Number of Labor- Space Labor- Machine- Bours Department Employees Hours Occupied Hours 32 13 Factory Administration Custodial Services Personnel 5,700 3,600 8,100 52,900 14,100...
DATA FOR GRAPHS:
1) Est. Overhead costs by Department
a) Finishing: $3,000,000
b) assembly: $5,000,000
2)Estimated
Direct Labor Hours & Machine Hours by Department
a) Direct labor hours: Finishing=25,000 hr , Assembly=100,000
hr
b) Machine hours: finishing =30,000 hr , assembly = 70,000 hr
3) Est. Overhead costs by activity
a) supervision : $2,000,000
b) maintenace : $6,000,000
Cost Driver & Exp. Usage by Activity
a) Supervison: 125,000 direct labor hours
b) Maintance: 100,000 machine hours
Chrom Co. manufactures two...
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