Ch. 17 P17-1B - Excel HW Assignment (2)

Compute the product margins for the B300 and T500 under the company’s traditional costing system. 2. Compute the product margins for B300 and T500 under the activity-based costing system. 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.

Info in images Required: 1. Compute the product margins for the B300 and T500 under the company’s traditional costing system. 2. Compute the product margins for B300 and T500 under the activity-based costing system. 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.   1. Compute the product margins for the B300 and T500 under the company’s traditional costing system. (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.)       B300 T500 Total Product margin     $0 2. Compute the product margins for B300 and T500 under the activity-based costing system. (Negative product margins should be indicated by a minus sign. Round your intermediate calculations to 2 decimal places.)     B300 T500 Total Product margin     $0 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Round your intermediate calculations to 2…

Info in images Required: 1. Compute the product margins for the B300 and T500 under the company’s traditional costing system. 2. Compute the product margins for B300 and T500 under the activity-based costing system. 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.   1. Compute the product margins for the B300 and T500 under the company’s traditional costing system. (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.)       B300 T500 Total Product margin     $0 2. Compute the product margins for B300 and T500 under the activity-based costing system. (Negative product margins should be indicated by a minus sign. Round your intermediate calculations to 2 decimal places.)     B300 T500 Total Product margin     $0 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Round your intermediate calculations to 2…

Hi-Tek Manufacturing, Incorporated, makes two types of industrial component parts-the B300 and the T500. An absorption costing income statement for the most recent period is shown: Hi-Tek Manufacturing Incorporated Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses $ 1,651,600 1,245,644 405,956 630,000 Net operating loss $ (224,044) Hi-Tek produced and sold 60,400 units of B300 at a price of $19 per unit and 12,600 units of T500 at a price of $40 per unit. The company's traditional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labor dollars as the allocation base. Additional information relating to the company's two product lines is shown below: Direct materials Direct labor Manufacturing overhead Cost of goods sold B300 $ 400,800 $ 120,300 T500 $ 162,400 $ 42,100 Total $ 563,200 162,400 520,044 $ 1,245,644 The company has created an activity-based costing system to evaluate the profitability…

hello, can u give correct answer

How can I prepare a product cost report (with it's supporting calculations) for department 1. Round average cost per equivalent unit to two decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number.

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Need help with weighted aver. cont. margin and if you can list the formula as well.

Please help me with correct answer thanku

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Answer this cost accounting question

Evaluating Selected Cost Driver Assume that a manufacturer of specialized machine parts developed the following total cost estimating equation for manufacturing costs. Y = $14,400 + $1,250 (actual units) a. What is total estimated manufacturing costs if 180 units are produced? $Answer 0

The management of Hartman Company is trying to determine the amount of each of two products to produce over the coming planning period. The following information concerns labor availability, labor utilization, and product profitability:     Labor-Hours Required(hours/unit)   Department Product 1 Product 2 Hours Available A 1.00 0.35 95     B 0.30 0.20 36     C 0.20 0.50 50     Profit contribution/unit $30.00 $15.00           (a) Develop a linear programming model of the Hartman Company problem. Solve the model to determine the optimal production quantities of products 1 and 2.   If required, round your answer to two decimal places.     Product 1 Product 2 Production     (b) In computing the profit contribution per unit, management does not deduct labor costs because they are considered fixed for the upcoming planning period. However, suppose that overtime can be scheduled in some of the departments. Which departments would you recommend scheduling for…

Max Machining incurs the following utilities costs at different levels of production: 0 units: 500 units: 1,000 units: How would utility costs be properly classified? Select one: A. Stepped B. Fixed C. Mixed D. Curvilinear E. Variable $120 $2,620 $5,120

Please help with T500. Thank you :)

Quick answer of this accounting questions

please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)       Exhibit 1: Assumptions (Both Products) Product #1: Launch-it Sales price per unit $ 10.00 Variable costs per unit: $ 4.00 Monthly volume 240     Product #2: Treat-time Sales price per unit $ 30.00 Variable costs per unit: $ 14.00 Monthly volume 160     Total fixed costs per month $ 1,500.00     Target profit per month $ 8,000.00       Margin of Safety (in $)       Margin of Safety %       Degree of Operating Leverage       Expected % change in operating income (%)

Need help with this general accounting question

akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Up eBook Show Me How Print Item High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 80,000 $25,100,000 92,000 27,206,000 120,000 32,120,000 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) %24 per unit Total fixed cost b. Based on part (a), estimate the total cost for 115,000 units of production. Total cost for 115,000 units Check My Work 4 more Check My Work uses remaining. Previous Next

Please solve this one with calculation and explanation

Benson Woodcraft Company manufactures "antique" wooden cabinets to house modern televisions. The Company began operations in January of last year. Sidney Myrick, the owner, asks for your assistance. He believes that he needs to better understand the cost of the cabinets for pricing purposes. You have collected the following data concerning actual production over the past year: Number of Cabinets Total Month Produced Cost $21,400 32,900 29,600 18,700 28,900 27,200 25,500 31,900 32,400 31,700 32,100 9,800 January 840 February 3,610 1,970 March April Мay 640 1,590 June 1,320 July August September 1,140 1,760 2,340 2,970 3,340 October November December 310 Required a. To understand the department's cost behavior, you decide to plot the points on graph paper and sketch a total cost line. (1) Enter the number of units and their costs in increasing order. b. Using the high-low method, compute the total cost equation for the preceding data. (1) Compute the variable cost per unit. (2) Compute…

Required: Prepare a quantitative comparison of the traditional and activity-based cost assignments.

Cost Accounting  Need Help with question 1. Simplifying the ABC System: Equally Accurate Reduced ABC Systems Selected activities and other information are provided for Patterson Company for its most recent year of operations.   Expected Consumption Ratios Activity         Driver         Quantity         Wafer A         Wafer B 7.   Inserting dies         Number of dies         2,000,000         0.70         0.30 8.  Purchasing materials         Number of purchase    orders         2,500         0.20         0.80 1.  Developing test programs         Engineering hours         10,000         0.25         0.75 3.  Testing products         Test hours         20,000         0.60         0.40     ABC assignments                                   $1,500,000         $1,500,000     Total overhead cost…

25: Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Activity Budgeted Activity Cost Activity Base Casting $570,000 Machine hours Assembly 80,000 Direct labor hours Inspecting Setup Materials handling 42,000 Number of inspections Number of setups 38,000 23,750 Number of loads Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow: Activity Base Entry Dining Total Machine hours 6,000 13,000 19,000 Direct labor hours 3,000 2,000 5,000 Number of inspections 600 400 1,000 Number of setups 300 200 500 Number of loads 450 500 950 Units produced 6,000 3,000 9,000

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