(b) What is the product margin under the traditional costing system when the number of orders increases to 8? (Enter a loss as anegative amount.)Product margin under the traditional costing system(c) Which of the following statements are true? (You may select more than one answer. Single click the box with the question markto produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wronganswer. Any boxes left with a question mark will be automatically graded as incorrect.)7 If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin underactivity based costing will decrease7If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under atraditional costing system will decrease.77If a customer orders more frequently, butorders the same total number of units over the course of a year, the customer margin underactivity based costing will be unaffected.If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under atraditional costing system will be unaffected. 2. Assume that OfficeMart places orders more frequently, but everything else remains the same. On your worksheet increase thenumber of orders from 4 to 8. (Prior to completing this requirement, change all worksheet figures back to their original amounts.)A1 Chapter 5: Applying Excel234567Data121314.1516171819Manufacturing overheadSelling and administrative overhead8 Manufacturing overhead91011Selling and administrative overheadTotal activityOfficeMart orders:CustomersOrdersNumber of filing cabinets ordered in totalSelling priceDirect materialsDirect laborCustomer margin under activity-based costingB$ 500,000$ 300,000AssemblingUnits$$$50%10%1,000units1 customer8 orders80 units595сProcessingOrders1805035%45%250ordersDSupportingCustomers5%25%100customersEOther10%20%(a) What is the customer margin under activity-based costing when the number of orders increases to 8? (Enter a loss as a negativeamount.)

Activity-based costing is one of the costing technique used by the business entities for the purpose…

2. Assume that OfficeMart places orders more frequently, but everything else remains the same. On your worksheet increase the number of orders from 4 to 8. (Prior to completing this requirement, change all worksheet figures back to their original amounts.) A 1 Chapter 5: Applying Excel 2 3 4 Manufacturing overhead 5 Selling and administrative overhead 6 7 8 D00 9 10 11 12 13 14 456789 15 16 17 18 Data 19 Manufacturing overhead Selling and administrative overhead Total activity OfficeMart orders: Customers Orders Number of filing cabinets ordered in total Selling price Direct materials Direct labor B $ 500,000 $ 300,000 Assembling Units 555 50% 10% 1,000 units с Processing Orders 1 customer 8 orders 80 units 595 180 50 35% 45% 250 orders D Supporting Customers 5% 25% 100 customers E Other 10% 20%

2. Assume that OfficeMart places orders more frequently, but everything else remains the same. On your worksheet increase the number of orders from 4 to 8. (Prior to completing this requirement, change all worksheet figures back to their original amounts.) A 1 Chapter 5: Applying Excel 2 3 4 Manufacturing overhead 5 Selling and administrative overhead 6 7 8 D00 9 10 11 12 13 14 456789 15 16 17 18 Data 19 Manufacturing overhead Selling and administrative overhead Total activity OfficeMart orders: Customers Orders Number of filing cabinets ordered in total Selling price Direct materials Direct labor B $ 500,000 $ 300,000 Assembling Units 555 50% 10% 1,000 units с Processing Orders 1 customer 8 orders 80 units 595 180 50 35% 45% 250 orders D Supporting Customers 5% 25% 100 customers E Other 10% 20%

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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ACTUAL MIDTERM X G company a job-order costing sys X C Solved: 1.Lupo Corporation Uses X b My Questions | bartleby ezto.mheducation.com/ext/map/index.html?_con3Dcon&external browser%30&launchUrl%=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASSBkEPugso6197zDY2jbl3savPgrazaxftVYOlgUJ4J3uEQndHZ99QoKy3mg5kl.. * CTUAL MIDTERM EXAM G Saved Help Save & Exit Sul 12 AZ-99585 company makes and sells two products: Product W446 and Product Z591. The annual production and sales of Product W446 is 1,100 units and of Product Z591 is 300 units. Data concerning the expected production of each product and the expected total direct labor-hours (DLHS) required to produce that output appear below: Direct Total Expected Labor-Hours Direct X 00:34 11 Production Per Unit Labor-Hours Product W446 1,100 2.0 2,200 Product Z591 300 1.0 300 Total direct labor-hours 2,500 The direct labor rate is $2110 per DLH. The direct materials cost per unit is $229.00 for Product W446 and…
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Check my workCheck My Work button is now enabled Item 3 Logan Products has two production departments—assembly and finishing. These are supported by two service departments—sourcing (purchasing and handling of materials and human resources) and operations (work scheduling, supervision, and inspection). Logan has the following labor hours devoted by each of the service departments to the other departments. Total Labor Hours Used by Departments Sourcing Operations Assembly Finishing Sourcing - 20,000 40,000 60,000 Operations 10,000 - 60,000 50,000 The costs incurred in the plant are as follows: Departments Departmental Costs Sourcing $ 174,000 Operations 220,000 Assembly 416,000 Finishing 261,000 Total $ 1,071,000 Required: Use four decimal places (e.g., 33.3333%) in your calculation of percentages. 1. What are the costs allocated to the two production departments using (a) the direct method, (b) the step method, when…
Compute the predetermined overhead rates used in the Molding Department and the Painting Department.
Foundational 15 - Chapter Two i Part 3 of 15 3 oints C eBook References II Print aw Dashboard ChatGPT: Optimizing Language Models for Dialogue ezto.mheducation.com UNCOLCH Cumpany has jus 111 piyices at the veying vile you and the wymy line. It completed, and sold only two jobs during the year-Job P and Job Q. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, it estimated that 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $28,600 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.60 per machine-hour. Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following…
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engageNOWv2 |I Online teach x n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress-false O eBook Show Me How Print Item Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materlals ledger are as follows: Fabric $26,200 Polyester filling 7,900 Lumber 58,700 Glue 2,500 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $130,200 Polyester filling 181,000 Lumber 356,700 Glue 12,400 Materials were requisitioned to individual jobs as follows: Polyester Fabric Lumber Glue Total Filling Job 601 $49,500 $62,400 $166,800 $278,700 Job 602 38,100 67,800 146,000 251,900 Job 603 35,100 46,000 81,200 162,300 Factory overhead-indirect $6,400 6,400 materials $122,700 $176,200 $394,000 $6,400 $699,300 Total The glue is not a significant cost, so it is treated as indirect materials (factory…
cercise 7-15-Con x + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fmycstate.cincinnatistate.edu%252Fweb es aw 1 Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costs Wages and salaries. Other overhead costs. Total overhead costs Activity Cost Pool Supporting direct labor. Order processing Customer support Other $ 300,000 100,000 $ 400,000 Wages and salaries Other overhead costs Activity Measure Number of direct labor-hours. Number of customer orders Number of customers. This is an organization- sustaining activity Distribution of Resource Consumption Across Activities Supporting Direct Labor 40% 30% Data Concerning the Shenzhen Enterprises Order: Units ordered 10 units Direct labor-hours Selling price 2 DLHS per unit $300 per unit $180 per unit Direct materials Direct labor $50 per unit Order Processing 30% 10% Total Activity for the Year 20,000 DLHS 400 orders 200…
Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Garcon Pepper Company Company Beginning finished goods inventory $ 13,400 $ 19,300 Beginning work in process inventory 17,800 23,700 Beginning raw materials inventory (direct materials) 11,300 10,950 Rental cost on factory equipment Direct labor 32,000 24,100 23,600 37,400 Ending finished goods inventory 20,000 17,000 Ending work in process inventory 25,000 19,000 7,600 9,800 Ending raw materials inventory Factory utilities 13,950 17,500 Factory supplies used (indirect materials) 8,500 5,100 General and administrative expenses 21,500 45,000 Indirect labor 2,000 9,580 7,580 2,200 Repairs-Factory equipment Raw materials purchases Selling expenses 36,000 58,000 58,000 58,900 Sales 223,530 310,010 Cash 25,000 18,700 Factory equipment, net 222,500 121,825 Accounts receivable, net 14,600 21,950 Required: 1. Complete the table to find…