Tiger Pride produces two product lines T-shirts and Sweatshirts. Product profitability is analyzed as follows:T-SHIRTSSWEATSHIRTS31,875 units$29.00$5.00$7.20$3.00Production and sales volumeSelling priceDirect materialDirect laborManufacturing overheadGross profitSelling and administrativeOperating profitSupervisionInspectionTiger Pride's managers have decided to revise their current assignment of overhead costs to reflect the following ABC cost information:ActivityActivity costActivity-cost driverDirect labor hours (DLH)Inspections$121,770$78,20064,000 units$20.00$1.80$4.90$5.80$7.50$3.60$3.90Activities demandedT-SHIRTS0.75 DLH/unit48,000 DLHs30.000 inspections$13.80$7.0056.80SWEATSHIRTS1.6 DLH/unit51,000DLHs16,000 inspections Activities demandedT-SHIRTS0.75 DLH/unit48,000 DLHS30.000 inspectionsUnder the revised ABC system, supervision costs allocated to Sweatshirts will beSWEATSHIRTS1.6 DLH/unit51,000DLH16,000 inspectionsOA. $78,200OB. $62,730OC. $121,770OD. None of these answers are correctS(Do not round interim calculations Round the final answer to the nearest whole dollar)

Activity Based Costing:It is a method of costing which is basically a two stage procedure.This…

Activities demanded T-SHIRTS SWEATSHIRTS 1.6 DLH/unit 51,000DLH 16,000 inspections 0.75 DLH/unit 48,000 DLHS 30,000 inspections Under the revised ABC system, supervision costs allocated to Sweatshirts will be OA. $78,200 OB. $62,730 OC. $121,770 OD. None of these answers are correct CD (Do not round interim calculations Round the final answer to the nearest whole dollar)

Activities demanded T-SHIRTS SWEATSHIRTS 1.6 DLH/unit 51,000DLH 16,000 inspections 0.75 DLH/unit 48,000 DLHS 30,000 inspections Under the revised ABC system, supervision costs allocated to Sweatshirts will be OA. $78,200 OB. $62,730 OC. $121,770 OD. None of these answers are correct CD (Do not round interim calculations Round the final answer to the nearest whole dollar)

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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I. Activity Costs Caused by Suppliers (testing failures and reordering as a result) Activity Costs Testing components $1,200,000 Reordering components 300,000 II. Supplier Data Alpha Electronics La Paz Company 125X 30Y 125X 30Y Unit purchase price $10 $26 $12 $28 Units purchased 120,000 81,700 15,000 15,000 Failed tests 1,300 780 10 10 Number of reorders 60 40 0 0 Required: Determine the cost of each supplier by using ABC. Round Test and Reorder rates to the nearest dollar, and final answers to the nearest cent. Alpha Electronics La Paz Company 125X 30Y 125X 30Y Unit cost: $fill in the blank $fill in the blank $fill in the blank $fill in the blank
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please dont provide answer in image format thank you Overhead costs to fabricate Fake News (FNs) include polling research and an annual retainer to a consortium of Big-Wigs. The polling research is budgeted at $75 per DLH (and each FN should take 15 DLH) while the retainer is budgeted at $100,000 per year. You had expected to fabricate 200 FNs during 2021. Actual results for 2021 were: 210 FNs fabricated $230,000 spent on polling research $105,000 spent on the Big-Wig retainer Calculate variable and fixed overhead spending variances, efficiency, and production volume variances. How much will COGS change, and in what direction, when these variances are closed out?
TB Problem Qu. 6A-70 (Algo) Grawburg Incorporated maintains a call center to take... Grawburg Incorporated maintains a call center to take orders, answer questions, and handle complaints. The costs of the call center for a number of recent months are listed below: April May June July August Calls. Taken 8,460 8,429 8,470 8,469 8,433 $ 91,567 September 8,444 $ 91,605 October 8,486 $ 91,831 November 8,474 $91,787 Management believes that the cost of the call center is a mixed cost that depends on the number of calls taken. Call Center Cost $ 91,717 $91,548 $ 91,777 $ 91,759 Required: Estimate the variable cost per call and fixed cost per month using the least-squares regression method. (Round the "Variable cost" to 2 decimal places and the "Fixed cost" to the nearest dollar amount.) Variable cost Fixed cost Answer is complete but not entirely correct. $ 10.05 per call 6,573 per month $
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