Homework Answers
| Calculation of Selling cost/cost Driver | |||||
| Cost Category | Amount | Cost Driver | Total Cost Driver | Cost/Cost Driver | |
| Sales Commissions | $8,29,500 | Boxes of yarn to retail stores | 237000 | $3.5 | |
| Catalogs | $3,13,000 | Catalogs distributed | 626000 | $0.5 | |
| Cost of Catalog Sales | $1,49,600 | Skeins sold through catalog | 187000 | $0.8 | |
| Credit and Collection | $79,200 | No. of retail orders | 7200 | $11.0 | |
| Computation of Selling cost for each order size | |||||
| Cost | Cost Driver | Small | Medium | Large | Total |
| Sales Commissions | Boxes of yarn to retail stores | 4000 | 51000 | 182000 | 237000 |
| $3.5 per box | $14,000 | $1,78,500 | $6,37,000 | $8,29,500 | |
| Catalogs | Catalogs distributed | 273050 | 230670 | 122280 | 626000 |
| $0.5 per Catalog | $1,36,525 | $1,15,335 | $61,140 | $3,13,000 | |
| Cost of Catalog Sales | Skeins sold through catalog | 83000 | 56000 | 48000 | 187000 |
| $0.8 per Skein | $66,400 | $44,800 | $38,400 | $1,49,600 | |
| Credit and Collection | No. of retail orders | 525 | 2615 | 4060 | 7200 |
| $11 per order | $5,775 | $28,765 | $44,660 | $79,200 | |
| Total Selling cost for each order size | $2,22,700 | $3,67,400 | $7,81,200 | $13,71,300 | |
| Computation of No. of Skeins | Small | Medium | Large | Total | |
| Retail Sales in boxes | 4000 | 51000 | 182000 | ||
| Retail Sales in Skeins | 12 skeins per box | 48000 | 612000 | 2184000 | 2844000 |
| Catalog Sales in Skeins | 83000 | 56000 | 48000 | 187000 | |
| Total No. of Skeins | 131000 | 668000 | 2232000 | 3031000 | |
| Computation of per Skein Selling cost for each order size | Small | Medium | Large | Total | |
| Total Selling cost for each order size | $2,22,700 | $3,67,400 | $7,81,200 | 1371300 | |
| /Total No. of Skeins | 131000 | 668000 | 2232000 | 3031000 | |
| Per Skein Selling cost for each order size | $1.70 | $0.55 | $0.35 | ||
Add Answer to:
Required: 1. Prepare a schedule showing Redwood Company's total selling cost for each order size and...
Uni Utilities (equipment Overtime (hourly) Unit Unit Unit Rework Shift differential Spoilage Required: Choose two...
Uni Utilities (equipment Overtime (hourly) Unit Unit Unit Rework Shift differential Spoilage Required: Choose two activities or accounts from each of the four classifi agree or disagree with the ABC project team's classification. ur classifications and explain wh catalog. Some of t products it manufa that accounts for direc he Exercise 5-35 Redwood Company sells craft kits and supplies to retail outlets and through its items are manufactured by Redwood, while others are purchased for resale. For the tures, the...
E17.10 Assign overhead using traditional costing and ABC. (LO 1, 2, 3), AP Kragan Clothing Company...
E17.10 Assign overhead using traditional costing and ABC. (LO 1, 2, 3), AP Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its products through catalog sales and retail outlets. While Kragan has for years used activity-based costing in its manufacturing activities, it has always used traditional costing in assigning its selling costs to its product lines. Selling costs have traditionally been assigned to Kragan's product lines at a rate of 70% of direct materials costs....
Exercise 17-10 Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its...
Exercise 17-10 Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its products through catalog sales and retail outlets. While Kragan has for years used activity-based costing in its manufacturing activities, it has always used traditional costing in assigning its selling costs to its product lines. Selling costs have traditionally been assigned to Kragan's product lines at a rate of 70% of direct materials costs. Its direct materials costs for the month of March for Kragan's...
Exercise 4-10 (Video) (Part Level Submission) Kragan Clothing Company manufactures its own designed and labeled athletic...
Exercise 4-10 (Video) (Part Level Submission) Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its products through catalog sales and retail outlets. While Kragan has for years used activity-based costing in its manufacturing activities, it has always used traditional costing in assigning its selling costs to its product lines. Selling costs have traditionally been assigned to Kragan's product lines at a rate of 70% of direct materials costs. Its direct materials costs for the month...
Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its products through...
Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its products through catalog sales and retail outlets. While Kragan has for years used activity-based costing in its manufacturing activities, it has always used traditional costing in assigning its selling costs to its product lines. Selling costs have traditionally been assigned to Kragan's product lines at a rate of 70% of direct materials costs. Its direct materials costs for the month of March for Kragan's "high-intensity line...
Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its products through...
Kragan Clothing Company manufactures its own designed and
labeled athletic wear and sells its products through catalog sales
and retail outlets. While Kragan has for years used activity-based
costing in its manufacturing activities, it has always used
traditional costing in assigning its selling costs to its product
lines. Selling costs have traditionally been assigned to Kragan’s
product lines at a rate of 70% of direct materials costs. Its
direct materials costs for the month of March for Kragan’s
“high-intensity” line...
sed IS USU S c. Write a memorandum to the president of Air United explaining the...
sed IS USU S c. Write a memorandum to the president of Air United explaining the benefits of activity-based costing E17.10 (LO 1. 2. 3) Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its products through catalog sales and retail outlets. While Kragan has for years used activity-based costing in its manufacturing activities, it has always used traditional costing in assigning its selling costs to its product lines. Selling costs have traditionally been assigned to...
Sleepeze Company produces mattresses for 20 retail outlets. Of the 20 retail outlets, 19 are small,...
Sleepeze Company produces mattresses for 20 retail outlets. Of the 20 retail outlets, 19 are small, separately owned furniture stores and one is a retail chain. The retail chain buys 60% of the mattresses produced. The 19 smaller customers purchase mattresses in approximately equal quantities, where the orders are about the same size. Data concerning Sleepeze's customer activity are as follows: Large Retailer Smaller Retailers Units purchased 108,000 72,000 Orders placed 36 3,600 Number of sales calls 18 882 Manufacturing...
Activity-Based Customer Costing Dormirbien Company produces mattresses for 20 retail outlets. Of the 20 retail outlets,...
Activity-Based Customer Costing Dormirbien Company produces
mattresses for 20 retail outlets. Of the 20 retail outlets, 19 are
small, separately owned furniture stores and one is a retail chain.
The retail chain buys 60% of the mattresses produced. The 19
smaller customers purchase mattresses in approximately equal
quantities, where the orders are about the same size. Data
concerning Dormirbien's customer activity are as follows:
Required:
Assign costs to customers by using an ABC approach. Round
activity rates to at least...
Activity-Based Customer Costing Sleepeze Company produces mattresses for 20 retail outlets. Of the 20 retail outlets,...
Activity-Based Customer Costing Sleepeze Company produces mattresses for 20 retail outlets. Of the 20 retail outlets, 19 are small, separately owned furniture stores and one is a retail chain. The retail chain buys 60% of the mattresses produced. The 19 smaller customers purchase mattresses in approximately equal quantities, where the orders are about the same size. Data concerning Sleepeze's customer activity are as follows: Large Retailer Smaller Retailers 72,000 Units purchased 108,000 Orders placed 3,600 Number of sales calls 882...
Uni Utilities (equipment Overtime (hourly) Unit Unit Unit Rework Shift differential Spoilage Required: Choose two activities or accounts from each of the four classifi agree or disagree with the ABC project team's classification. ur classifications and explain wh catalog. Some of t products it manufa that accounts for direc he Exercise 5-35 Redwood Company sells craft kits and supplies to retail outlets and through its items are manufactured by Redwood, while others are purchased for resale. For the tures, the...
E17.10 Assign overhead using traditional costing and ABC. (LO 1, 2, 3), AP Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its products through catalog sales and retail outlets. While Kragan has for years used activity-based costing in its manufacturing activities, it has always used traditional costing in assigning its selling costs to its product lines. Selling costs have traditionally been assigned to Kragan's product lines at a rate of 70% of direct materials costs....
Exercise 17-10 Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its products through catalog sales and retail outlets. While Kragan has for years used activity-based costing in its manufacturing activities, it has always used traditional costing in assigning its selling costs to its product lines. Selling costs have traditionally been assigned to Kragan's product lines at a rate of 70% of direct materials costs. Its direct materials costs for the month of March for Kragan's...
Exercise 4-10 (Video) (Part Level Submission) Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its products through catalog sales and retail outlets. While Kragan has for years used activity-based costing in its manufacturing activities, it has always used traditional costing in assigning its selling costs to its product lines. Selling costs have traditionally been assigned to Kragan's product lines at a rate of 70% of direct materials costs. Its direct materials costs for the month...
Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its products through catalog sales and retail outlets. While Kragan has for years used activity-based costing in its manufacturing activities, it has always used traditional costing in assigning its selling costs to its product lines. Selling costs have traditionally been assigned to Kragan's product lines at a rate of 70% of direct materials costs. Its direct materials costs for the month of March for Kragan's "high-intensity line...
Kragan Clothing Company manufactures its own designed and
labeled athletic wear and sells its products through catalog sales
and retail outlets. While Kragan has for years used activity-based
costing in its manufacturing activities, it has always used
traditional costing in assigning its selling costs to its product
lines. Selling costs have traditionally been assigned to Kragan’s
product lines at a rate of 70% of direct materials costs. Its
direct materials costs for the month of March for Kragan’s
“high-intensity” line...
sed IS USU S c. Write a memorandum to the president of Air United explaining the benefits of activity-based costing E17.10 (LO 1. 2. 3) Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its products through catalog sales and retail outlets. While Kragan has for years used activity-based costing in its manufacturing activities, it has always used traditional costing in assigning its selling costs to its product lines. Selling costs have traditionally been assigned to...
Activity-Based Customer Costing Dormirbien Company produces
mattresses for 20 retail outlets. Of the 20 retail outlets, 19 are
small, separately owned furniture stores and one is a retail chain.
The retail chain buys 60% of the mattresses produced. The 19
smaller customers purchase mattresses in approximately equal
quantities, where the orders are about the same size. Data
concerning Dormirbien's customer activity are as follows:
Required:
Assign costs to customers by using an ABC approach. Round
activity rates to at least...
Activity-Based Customer Costing Sleepeze Company produces mattresses for 20 retail outlets. Of the 20 retail outlets, 19 are small, separately owned furniture stores and one is a retail chain. The retail chain buys 60% of the mattresses produced. The 19 smaller customers purchase mattresses in approximately equal quantities, where the orders are about the same size. Data concerning Sleepeze's customer activity are as follows: Large Retailer Smaller Retailers 72,000 Units purchased 108,000 Orders placed 3,600 Number of sales calls 882...
Most questions answered within 3 hours.
-
Which of the following items may not create an NOL?
a.
sole proprietorship loss
b.
personal...
asked 2 minutes ago -
A hypothetical solution forms between a solid and a liquid. The
values of the thermodynamic quantities...
asked 34 seconds ago -
when 2053 j of heat is added to 46.3 g of hexane C6H14 the
temperature increases...
asked 3 minutes ago -
a)An ideal heat pump is being considered for use in heating an
environment with a temperature...
asked 3 minutes ago -
.
Convert the following pairs of voltage and current waveforms to
phasor form. Each pair of...
asked 5 minutes ago -
I need new and unique answers, please. (Use your own words,
don't copy and paste), Please...
asked 6 minutes ago -
A 6.5 cm diameter ball has a terminal speed of 22 m/s. What is
the ball's...
asked 19 minutes ago -
Name two areas of the human body with the highest concentration
of lymph nodes and speculate...
asked 22 minutes ago -
Angel Corporation has $10,000,000 of
8.0% 25 year bonds dated May 1, 2018 with interest payable...
asked 57 minutes ago -
7.
________ involves individuals trading goods they already have or
providing services in exchange for something...
asked 1 hour ago -
Share your research problem. What databases did you search as
you gathered evidence to support your...
asked 1 hour ago -
what process occurs to form microspores and megaspores in flowering
plants?
asked 1 hour ago