Simplifying the ABC System: Equally Accurate Reduced ABC SystemsSelected activities and other information are provided for Patterson Company for its most recent year of operations.Expected ConsumptionActivity7. Inserting dies8. Purchasing materials1. Developing test programs3. Testing productsABC assignmentsTotal overhead costRequired:DriverNumber of diesNumber of purchaseordersEngineering hoursTest hoursWafer AWafer BQuantity1,900,000Xوالے1,9009,00019,0003. What if the two activities were 1 and 3? Repeat Requirements 1 and 2.Wafer A0.70.2Ratios0.250.6$165,0001. Form reduced system cost pools for activities 7 and 8. Do not round interim calculations. Round your final answers to the nearest dollar.Inserting dies cost poolPurchasing cost poolWafer B0.32. As the costs of the reduced system cost pools to Wafer A and Wafer B. Do not round interim calculations. Round your final answers to the nearest dollar.0.80.750.4$165,000$330,000

Activity-based costing (ABC) is a costing method that assigns overheads to different activities and…

1. Form reduced system cost pools for activities 7 and 8. Do not round interim calculations. Round your final answers to the nearest dollar. Inserting dies cost pool Purchasing cost pool 2. Assign the costs of the reduced system cost pools to Wafer A and Wafer B. Do not round interim calculations. Round your final answers to the nearest dollar. Wafer A Wafer B X 3. What if the two activities were 1 and 3? Repeat Requirements 1 and 2.

1. Form reduced system cost pools for activities 7 and 8. Do not round interim calculations. Round your final answers to the nearest dollar. Inserting dies cost pool Purchasing cost pool 2. Assign the costs of the reduced system cost pools to Wafer A and Wafer B. Do not round interim calculations. Round your final answers to the nearest dollar. Wafer A Wafer B X 3. What if the two activities were 1 and 3? Repeat Requirements 1 and 2.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please see the picture below for details on the problem. Please be sure to include cell referencing in the answer and the appropriate formula i.e. weighted average unit cost: (C10*E10)+(C11*E11)+(C12*E12)/(C10+C11+C12). I know the answer for the first box is suppose to be 7.9166666667 but I am having difficulty putting that inside excel using cell reference and the correct formula set up.
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Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $320,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Quarterly Output 11,800 pounds 18,500 pounds 3,000 gallons Product Selling Price $14.00 per pound $ 8.00 per pound $20.00 per gallon A Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Additional Processing Costs $56,850 $80,875 $31,300 Selling Price $18.50 per pound $13.50 per pound $27.50 per gallon Product В C Required: 1. What is the financial advantage (disadvantage) of further processing each of the…
Required:1. Compute the contribution margin per unit from (a) using the new material and (b) using the new material and increasing the selling price. (Round your answers to 2 decimal places.) All of the empty spaces needs numbers, please use the same format at the photos
a. What is the traditional unit product cost for the deluxe model now? (round your intermediate calculations and final answer to 2 decimal places.) b. What is the traditional unit product cost for the tourist model? (Round your intermediate calculations and final answer to 2 deimal places) c. What is the ABC unit product cost for the deluxe model now? (Round your intermediate calculations and final answer to 2 decimal places.) d. What is the ABC product cost for the tourist model? (Round your intermediate calculations and final answer to 2 decimal places.)
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(True or False) Order is not important in the step-down method because costs can be allocated in multiple directions.