(b) What is the product margin under the traditional costing system when the number of orders increases to 14? (Enter a loss as anegative amount.)Product margin under the traditional costing system 2. Assume that OfficeMart places orders more frequently, but everything else remains the same. On your worksheet increase thenumber of orders from 4 to 14. (Prior to completing this requirement, change all worksheet figures back to their original amounts.)1 Chapter 5: Applying Excel2DataA34 Manufacturing overhead5 Selling and administrative overhead678 Manufacturing overheadSelling and administrative overhead910 Total activity111213 OfficeMart orders:14 Customers15 Orders16 Number of filing cabinets ordered in total17 Selling price18 Direct materials19 Direct laborCustomer margin under activity-based costing $69B$ 500,000$ 300,000AssemblingUnits$$$50%10%1,000unitsсProcessingOrders1 customer14 orders80 units5951805035%45%250ordersDSupportingCustomers5%25%100customersEOther(a) What is the customer margin under activity-based costing when the number of orders increases to 14? (Enter a loss as a negativeamount.)10%20%

A costing technique called activity-based costing (ABC) allocates indirect and overhead expenses to…

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 14. (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 Data 8 Manufacturing overhead 9 10 11 12 13 OfficeMart orders: 14 Customers 15 Orders 16 Number of filing cabinets ordered in total 17 Selling price 18 Direct materials 19 Direct labor Selling and administrative overhead Total activity $ $ Customer margin under activity-based costing $ 69 B $ $ $ 500,000 300,000 Assembling Units 50% 10% 1,000 units C Processing Orders 1 customer 14 orders 80 units 595 180 50 35% 45% 250 orders D Supporting Customers 5% 25% 100 customers E Other 10% 20% (a) What is the customer margin under activity-based costing when the number of orders increases to 14? (Enter a loss as a negative amount.)

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 14. (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 Data 8 Manufacturing overhead 9 10 11 12 13 OfficeMart orders: 14 Customers 15 Orders 16 Number of filing cabinets ordered in total 17 Selling price 18 Direct materials 19 Direct labor Selling and administrative overhead Total activity $ $ Customer margin under activity-based costing $ 69 B $ $ $ 500,000 300,000 Assembling Units 50% 10% 1,000 units C Processing Orders 1 customer 14 orders 80 units 595 180 50 35% 45% 250 orders D Supporting Customers 5% 25% 100 customers E Other 10% 20% (a) What is the customer margin under activity-based costing when the number of orders increases to 14? (Enter a loss as a negative amount.)

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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History octoring Bookmarks + ctorio.com/secured lockdown Tab Profiles abled: Midterm Exam - Spring 2024 Activity Cost Pool Machine setups Purchase orders Order size Window Help Overhead cost per unit Cost $ 13,200 $ 85,680 $ 26,840 Product F 120 setups 882 orders 1,270 hours Daba Company manufactures two products, Product F and Product G. The company expects to produce and sell 1,400 units of Product F and 1,800 units of Product G during the current year. The company uses activity-based costing to compute unit product costs for external reports. Data relating to the company's three activity cost pools are given below for the current year: Estimated Overhead Product G Product F Saved Expected Activity Product G 80 setups 1,638 orders 1,170 hours Total 208 setups 2,528 orders 2,448 hours Required: Using the activity-based costing approach, determine the overhead cost per unit for each product. (Round your answers to 2 decimal places.) MAR 8 < Prev Welp Sowe Schut 3 of 3 tv
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8:07 Done A bartleby.com AA C = bartleby Q&A Business / Accounting / Q&A Library / You produce tw... You produce two products, Queen an... You produce two products, Queen and King. Queen King Sales price per unit $800 $1,200 Variable cost per unit 300 450 Stuffing hours required: 1 hour 2 hours You employ three workers who are trained to stuff these products. There are only 7,000 assembly hours available in the year. You believe that you can sell a maximum of 3,000 queen and 4,000 king. A. Which product should you emphasize? Support your answer with calculations. B. How many queen can you (should you) produce? Support your answer with calculations C. How many king can you (should you) produce? Support your answer with calculations Privacy - Terms
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…
Q – 6: DVD Express Company provides DVD duplicating services for its customers. An order from a customer can be for a single copy or for thousands of copies. Most jobs are broken down into batches to allow smaller jobs, with higher priorities, to have access to the machines. A number of activities carried out at DVD Express are listed below. a) Sales representatives’ periodic visits to customers to keep them informed about the services provided by DVD Express. b) Ordering labels from the printer for a particular DVD. c) Setting up the DVD duplicating machine to make copies from a particular master DVD. d) Loading the automatic labeling machine with labels for a particular DVD. e) Visually inspecting DVDs and placing them by hand into protective plastic cases prior to shipping. f) Preparation of the shipping documents for the order. g) Periodic maintenance of equipment. h) Lighting and heating the company’s production facility. Required: Classify each of the activities above as…
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A v2.cengagenow.com A Chapter 23 Pre CengageNOwv2 | Online teaching and learning resource from Cengage Learning h eBook E Print Item Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the following costs for the upcoming period: Factory depreciation $29,957 Indirect labor 74,241 Factory electricity 8,466 Indirect materials 17,584 Selling expenses 41,679 Administrative expenses 23,445 Total costs $195,372 Factory overhead is allocated to the three products on the basis of processing hours. The products had the following production budget and processing hours per case: Budgeted Volume Processing Hours (Cases) Per Case Tortilla chips 7,200 0.10 Potato chips 7,200 0.15 Pretzels 5,100 0.12 Total 19,500 If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. X per processing hour b. Use the overhead rate in (a)…