. Supply costs at Rupard Corporation's chain of gyms are listed below:
Q: Pleasant Stay Medical Inc. wishes to determine its product costs. Pleasant Stay offers a variety of…
A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve first three…
Q: ! Required information [The following information applies to the questions displayed below.] Benton…
A: Predetermined Overhead Rate :— It is the rate used to allocate manufacturing overhead cost to cost…
Q: Identify the following as fixed costs (F), variable costs (V), or mixed costs(M). office salaries…
A: Fixed cost will remain fixed for unit Variable cost will change with change in level of activity…
Q: Thermal Rising, Inc., makes paragliders for sale through specialty sporting goods stores. The…
A: The net income is calculated as the difference between the revenue and expenses. The customer margin…
Q: Which of the following is an indirect cost?a. The cost of denim in a jeans factoryb. The cost of…
A: Indirect costs would be those that cannot be linked to a specific cost object or cost source. Costs…
Q: Gibson Manufacturing produces two keyboards, one for laptop computers and the other for desktop…
A: Product cost refers to the cost of producing a good in the factory, thus direct materials, direct…
Q: Mano
A: The objective of the question is to calculate the activity rate for each of the activity cost pools.…
Q: If Anderson’s objective is to maximize profits, which option would he recommend to Lee? What would…
A: Cost plus Pricing: It is a cost-based technique used to set up the costs of products and…
Q: Ehrlich Manufacturing produces small boats. The following list represents some of the different…
A: Product cost are those cost which incurred to produce the product. Example, direct material, direct…
Q: 1 The distribution of resource consumption across the activity cost pools is as follows: Pickup and…
A: Activity based costing is one of the costing method, in which all type of indirect costs are being…
Q: King's Appliance Shop operates retail stores that sell appliances. The cost objects are the…
A: Part a. Which of the costs will be subject to direct cost tracing?Direct cost tracing involves…
Q: Hercules Inc. manufactures elliptical exercise machines and treadmills. The products are produced in…
A: Manufacturing overhead: It is the indirect cost incurred as a part of manufacturing the products.…
Q: Required: Witt Recreation Company uses operations costing and assigns conversion costs based on the…
A: Operation Costing is a method of costing under which material cost and other operation cost is added…
Q: A business makes two components which it uses to produce one of its products. Details are: Component…
A: It is the process of making decisions that involve the management of costs to achieve long-term…
Q: 9. Schneider Electric manufactures power distribution equipment for commercial customers, such as…
A: Customer profitability analysis is done by the management to measure the profits earned by the…
Q: Classify each of the cost items (a-h) into one of the business functions of the value chain.…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: A new product Zico was recently introduced by Philadelphia Co., in order to complement its other…
A: The overhead cost can be allocated on the basis of Activity allocated.
Q: Xylon charges $0.55/ page for Direct Materials and Direct Labor. A. What is the total cost for…
A: Activity based costing is a technique of assigning various overheads or indirect expenses like…
Q: Feeley Bakery makes baked goods for grocery stores, and has three divisions: bread, cake, and…
A: Segment margin income statement is prepared to determine segmentwise operating income (loss). The…
Q: A new product Zico was recently introduced by Philadelphia Co., in order to complement its other…
A: Workings; Total units = Units of Z+N+D=6000+3000+1000=10,000
Q: A new product Zico was recently introduced by Philadelphia Co., in order to complement its other…
A: The overhead cost is applied to production using the activity base of the production.
Q: The Spanish Watch Company has two divisions and manufactures one type of watch. The two divisions…
A: a.
Q: Kilbourne Appliances produces two models of beverage coolers for homes and offices, the KA-15 and…
A: The objective of the question is to calculate the cost per unit of two products, KA-15 and KA-24,…
Q: Magle Company manufactures two video game consoies handheld and home. The handheld consoles are…
A: Overheads are those indirect costs which can not be allocated directly. Activity based costing…
Q: Howard Cooper, the president of Vernon Computer Services, needs your help. He wonders about the…
A: Variable Cost :— It is the cost that changes with change in units. Variable cost per unit is…
Q: Identify Fixed and Variable Costs Intuit Inc. develops and sells software products for the personal…
A: Fixed cost refers to the cost that remains fixed i.e. it does not change with the changing level of…
Q: A Company that manufactures custom-made machinery routinely incurs sizable long distance telephone…
A: The cost can be of two types product cost and period cost. Product cost is the cost used to produce…
Q: st neral, and administrative cost d costs intenance neral, and administrative 34.00 6.60 3.50 $…
A: Master budget is static or planning budget. It has two categories- Operational and FInanacial.…
Q: than Manufacturing Incorporated produces floor mats for automobiles. The owner, Joseph Ethan, has…
A: The variable cost is the cost that changes with the level of activity. The maintenance cost…
Q: Classify each of the following costs as either unit-level, batch-level, product-level, or…
A: Activities that are completed every time a batch of goods or products is created, or a set of…
Q: Which of the following is a proper classification of this cost?
A: Answer: Period cost
Q: Schneider Electric manufactures power distribution equipment for commercial customers, such as…
A: Schneider Electric Customer Profitability Report For the Year Ended…
Q: Green Thumb Gardening is a small gardening service using activity-based costing to estimate costs…
A: In case of ABC costing, cost is allocated based on activity. Thus, it is referred as activity-based…
Q: Wess Company has limited capacity and can produce either its standard product or its deluxe product.…
A: Product cost :— It is the sum of direct material, direct labor and manufacturing overhead. Gross…
Q: Howard Cooper, the president of Stuart Computer Services, needs your help. He wonders about the…
A: Variable Cost :— It is the cost that changes with change in units. The variable cost per unit is…
Q: Stevenson Company is divided into two operating divisions: Battery and Small Motors. The company…
A: Cost Allocation -The process of determining and allocating the cost's component elements to each…
Q: Foster Florist specializes in large floral bouquets for hotels and other commercial spaces. The…
A: Overhead is the amount of cost incurred by the entity on the making of the goods. It is allocated to…
Q: Classify each of the customer-level operating costs as a customer output unit–level, customer…
A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…
Q: SecuriCorp operates a fleet of armored cars that make scheduled pickups and deliveries in the Los…
A: First stage allocation is the allocation of overhead costs to different activity cost pools. It is…
Q: What are the answers to Total Manufacturing cost for both Garcon Co. and Pepper Co.?
A: Formula: Total Manufacturing costs = Direct materials used + Direct labor + Total factory overhead.
Q: Classify each cost element as either fixed, variable, or mixed
A: Variable Cost: variable cost is the cost that varies in total cost with change in the unit…
Q: Ramsey Pte Ltd. manufactures dishwashers in Fiji. If Ramsey decides to implement activity-based…
A: The acts performed to sustain a business's overall operations are known as facility-level…
Q: Bonita, Inc. produces two types of gas grills: a family model and a deluxe model. Bonita's…
A: Lets understand the basics. There are two costing system are followed which are, (1) Traditional…
Step by step
Solved in 2 steps
- 2. a) A company manufactures and retails tablet computers. You are required to group the costs which are listed below and numbered (1)-(10) into the following classifications i-v (each cost is intended to belong to only one classification): 1- Wiring for the tablet 2-The maintenance contract from the machines 3- Aftersales customer service 4- The Chief Executive Salary 5- Shipping costs from the warehouse to the retailer 6- Marketing Costs 7- Interest on bank overdraft 8- Staff Training costs 9- Electricity to run the production line 10- Warehouse storage rent for the tablets. i. ii. iii. iv. V. Direct materials 1 Indirect production overhead 2 Selling and distribution costs Administration costs Finance costsVishuAshvin
- 11. There are two logistics network systems. Company JYZ is currently applying system 1 for the distribution and warehousing of its raw materials. In system 1, the raw materials are shipped from suppliers to the warehouse, where sorting is implemented. The materials are then shipped from the warehouse to the customers. JYZ is now thinking of implementing system 2, where raw materials are shipped from suppliers directly to the customers. The costs of both systems are provided below (per quarter). The cost formula is y=a+x(b₁ + b₂ + b3), where b₁,b2b3 are the unit cost for handling, logistics, and sorting. System 1 System 2 Fixed cost $2000 Variable cost Variable cost Variable cost (handling per unit) (logistics per unit) (Sorting per unit) $0.02 $0.01 $0.03 $0.01 $0.01 $0.05 y = a + b(x1+x2+x3) a. What is the breakeven point for the two systems to have identical total cost? b. The total number of units of JYZ is 90,000. Given the total unit 90,000, do you think it will be worth it if…Decorative Doors Ltd produces two types of doors: interior and exterior. The company’s costing system has two direct-cost categories (materials and labour) and one indirect-cost pool. The costing system allocates indirect costs on the basis of machine-hours. Recently, the owners of Decorative Doors have been concerned about a decline in the market share for their interior doors, usually their biggest seller. Information related to Decorative Doors production for the most recent year is as follows: Particulars Interior Exterior Units sold 3200 1800 Selling price $125 $200 Direct material cost per unit $30 $45 Direct production labour cost per hour5 $16 $16 Direct production labour-hours per unit 1.50 2.25 Production runs 40 85 Material moves 72 168 Machine set-ups 45 155 Machine-hours 5500 4500 Number of inspections 250 150 The owners have heard of other companies in the industry that are now…Hansaben
- AlpeshNutterco, Inc., produces two types of nut butter: peanut butter and cashew butter. Of the two,peanut butter is the more popular. Cashew butter is a specialty line using smaller jars and fewerjars per case. Data concerning the two products follow: Annual overhead costs are listed below. These costs are classified as fixed or variable with respect to the appropriate activity driver. Required:1. Prepare a traditional segmented income statement, using a unit-level overhead rate based ondirect labor hours. Using this approach, determine whether the cashew butter product lineshould be kept or dropped.2. Prepare an activity-based segmented income statement. Repeat the keep-or-drop analysisusing an ABC approach.Which one of the following options can be used when allocating cafeteria costs? Select one: a. Number of square feet b. Appraised value of square footage c. Number of direct labor hours d. Number of employees
- Gable Company uses three activity pools. Each pool has a cost driver. Information for Gable Company follows: Total Cost of Pool $ 380, 120 86,400 74,672 Estimated Cost Driver 88,400 9,000 525 Activity Pools Machining Designing costs Setup costs E4-5 (Algo) Assigning Costs Using Activity Proportions [LO 4-5, 4-6] Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Product A 34,000 3,600 60 Number of machine hours Number of design hours Number of batches Cost Driver Number of machine hours Number of design hours Number of batches Product A Product B Product C Total Overhead Assigned Product B Product C 10,400 3,400 285 Required: 1. Using activity proportions, determine the amount of overhead assigned to each product. Note: Do not round your intermediate calculations. Round your final answers to nearest whole number. 44,000 2,000 180The types of costs: Direct fixed cost, contribution margin, Gross margin, step variable, Indirect fixed cost, variable cost and Initial investment.Nizam Company produces speaker cabinets. Recently, Nizam switched from a traditional departmental assembly line system to a manufacturing cell in order to produce the cabinets. Sup-pose that the cabinet manufacturing cell is the cost object. Assume that all or a portion of the following costs must be assigned to the cell:a. Depreciation on electric saws, sanders, and drills used to produce the cabinetsb. Power to heat and cool the plant in which the cell is locatedc. Salary of cell supervisord. Wood used to produce the cabinet housingse. Maintenance for the cell’s equipment (provided by the maintenance department)f. Labor used to cut the wood and to assemble the cabinetsg. Replacement sanding beltsh. Cost of janitorial services for the planti. Ordering costs for materials used in productionj. The salary of the industrial engineer (she spends about 20 percent of her time on work forthe cell)k. Cost of maintaining plant and grounds l. Cost of plant’s personnel officem. Depreciation on…
