10-45. Resources Used versus Resources Supplies Berkeley Bank reports the following information about resources in two functions. Cost Driver Rate Cost Driver Volume Resources used: $ 0.01 per transaction $250 per account Process transactions 40,000,000 transactions Process accounts 950 accounts Resources supplied $625,000 $300,000 Process transactions Process accounts

10-45. Resources Used versus Resources Supplies Berkeley Bank reports the following information about resources in two functions. Cost Driver Rate Cost Driver Volume Resources used: $ 0.01 per transaction $250 per account Process transactions 40,000,000 transactions Process accounts 950 accounts Resources supplied $625,000 $300,000 Process transactions Process accounts

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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es Berkeley Bank reports the following information about resources in two functions. Cost Driver Rate Resources used Process transactions. Process accounts Resources supplied Process transactions Process accounts $ Process transactions Process accounts $ 0.01 per transaction 250 per account $630, 000 $306, 000 Required: Compute unused resource capacity at Berkeley Bank. Unused Resource Capacity Cost Driver Volume 40,000,000 transactions 950 accounts
Units produced per year Prime costs Direct labor hours Machine hours Production runs Inspection hours Maintenance hours Direct labor hours: Scientific calculator Business calculator Total Machine hours: Scientific calculator Business calculator Total Overhead costs: Setup costs Inspection costs Power Maintenance Total Required: Plantwide rate Overhead cost per unit: Scientific Product-Related Data Business Business Scientific 74,000 $239,000 99,800 49,500 100 2,000 2,250 Department Data Department 1 Department 2 77,300 139,720 217,020 23,000 381,800 404,800 $232,500 170,000 260,000 208,000 $870,500 1. Compute the overhead cost per unit for each product using a plantwide, unit-based rate using direct labor hours per direct labor hour 740,000 $2,390,000 998,000 495,000 150 3,000 9,000 per unit per unit 22,500 858,280 880,780 26,500 113,200 139,700 $232,500 170,000 133,000 219,500 $755,000
10-44. Resources Used versus Resources Supplied The Purchasing Department at Arnold & Daughters reports the following information about resources. Cost Driver Rate Cost Driver Volume Resources used 24 Material testing Material procurement. Resources supplied Material testing Material procurment. 43 per test 2,000 tests %$4 600 per order 500 orders $100,000 $340,000 Required Compute unused resource capacity in the Purchasing Department at Arnold & Daughters.
ABC Company has an ABC system with three pools: Total cost in cost pool Activity Machine setups Customer service Maintenance $18,500 $5,000 Cost Driver $29,000 #setups O $9,000 #orders not enough information machine- hours $13,000 $6,000 $10,000 Compute total capacity costs allocated to product X. Activity volume (#cost driver units) Product X Product Y Total 45 15 25 20 5 25 65 20 50
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Required information [The following information applies to the questions displayed below.] The following information is departmental cost allocation with two service departments and two production departments. Percentage Service Provided to Department Service 1 (S1) Cost $ 43,000 S1 S2 P1 P2 0% 30% 35% 35% Service 2 (S2) 33,000 25 0 45 30 Production 1 (P1) 230,000 Production 2 (P2) 280,000 What is the amount of service department cost allocated to P1 and P2 using the direct method? Total Cost P1 P2 Allocated
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Berkeley Bank reports the following information about resources in two functions. Cost Driver Rate $ 0.01 per transaction $ 250 per account Resources used Process transactions Process accounts Resources supplied Process transactions Process accounts $675,000 $360,000 Required: Compute unused resource capacity at Berkeley Bank. Process transactions Process accounts Unused Resource Capacity Cost Driver Volume 40,000,000 transactions 950 accounts
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