(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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Would you like to set Microsoft Edge as your default browser? Set as default of 5 Q ACtIvity 2: The following data are from the costing records of ABC Ltd. in respect of Job No. 14: Materials used BD. 2500 Direct Wages: Department A - 30 hours at BD. 6 per hour Department B - 50 hours at BD. 5 per hour Department C- 20 hours at BD. 2 per hour Overhead for these three departments were estimated as follows: Variable overheads: Department A - BD. 10000 for 2000 Direct labour hours to Department B - BD. 60000 for 3000 Direct labour hours emai Department c - BD. 80000 for 2000 Direct labour hours Fixed overheads: BD7 for 100 working hours from You are required to calculate the total cost of the above Job No.14 using job-order costing system a qu as well the price for the job to give a profit of 20% of sales. bne-tim Darticulare 888-888-8888 Ta
Applying Excel 13: Predetermined Overhead Rate ✓ 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 A B Raw Materials Inventory 57,500 5,700 43,000 Finished Goods Inventory 216,000 Factory Overhead 14,800 61,000 52,300 6,000 Multiple Choice с =+C17/F11 =+C17/(SUM(B17:B19)) =+E5/E3 37,000 14.800 173,000 =+E5/E4 122,100 D E Assuming the company applies overhead as a percentage of direct labor cost, which formula accurately computes the predetermined overhead rate? Work in Process Inventory 37,000 216,000 111.000 122,100 54,100 Factory Wages Payable 172,000 0 111.000 ......... 61,000
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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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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…
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