Cells with non-gray backgrounds are protected and cannot be edited.An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.A.ActivityUsageAbel PutinActivityRateActivityCostActivityUsageCheryl UmitActivityRateActivityCostActivityRoom and mealsdaysIdaydaysIdayRadiologyimages/imageimages/imagePharmacyorders/orderorders/orderChemistry labtests/testtests/testOperating roomhours/hourhours/hourTotal costВ.[Key essay answer here] EX 4-20 Activity-based costing for a service companyObj. 6 Crosswinds Hospital plans to use activity-based costing to assignhospital indirect costs to the care of patients. The hospital has identified thefollowing activities and activity rates for the hospital indirect costs:EXCEL TEMPLATEActivityActivity Rate$ 240 per day$ 215 per image$ 50 per physician order$ 80 per test$1,000 per operating room hourRoom and mealsRadiologyPharmacyChemistry labOperating roomThe activity usage information associated with the two patients is as follows:Abel PutinCheryl UmitNumber of days6 days4 daysNumber of imagesNumber of physician orders4 images3 images6 orders2 ordersNumber of tests5 tests4 testsNumber of operating room hours8 hours4 hoursA. Determine the activity cost associated with each patient.AnswerWhy is the total activity cost different for the two patients?B.

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Activity Usage Abel Putin Activity Rate Activity Cost Activity Usage Cheryl Umit Activity Rate Activity Cost Activity Room and meals days Iday Iday days images Radiology images /image /image Pharmacy orders /order orders /order Chemistry lab tests Itest tests /test Operating room hours /hour hours /hour Total cost

Activity Usage Abel Putin Activity Rate Activity Cost Activity Usage Cheryl Umit Activity Rate Activity Cost Activity Room and meals days Iday Iday days images Radiology images /image /image Pharmacy orders /order orders /order Chemistry lab tests Itest tests /test Operating room hours /hour hours /hour Total cost

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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eBook Show Me How Question Content Area CVP with Activity-Based Costing Busy-Bee Baking Company produces a variety of breads. The average price of a loaf of bread is $1. Costs are as follows: Cost Driver Unit VariableCost Level of CostDriver Units sold $0.65 — Setups $300 150 Maintenance hours $15 2,500 Other data: Total fixed costs (traditional) $140,000 Total fixed costs (ABC) 57,500 Required: 1. Compute the break-even point in units using conventional analysis. $400000 2. Compute the break-even point in units using activity-based analysis. $400000 3. Suppose that Busy-Bee could reduce the setup cost by $100 per setup and could reduce the number of maintenance hours needed to 1,000. How many units must be sold to break even in this case? Round your answer up to the next higher whole unit (for example, 50.3 units rounds to 51).
Activity Levels and Cost Drivers Steve’s Slop Shop, a small hamburger shop, has identified theresources used in its operations (assume each customer’s order is a batch for this example):a. Breadb. Hourly workers that cook hamburgersc. Store rentd. Ground beefe. Catsupf. Advertising for Triple-Burger specialg. Salary for the store managersh. Utilitiesi. $1-off-coupon for each orderj. Bags for each orderRequired1. Classify its costs as unit-level, batch-level, product-level, or facility-level costs.2. Suggest a possible cost driver for each of the above items.
Beauty Beyond Words Salon uses an activity-based costing system to determine the cost of services. The salon has determined the costs of services by activity and activity usage as follows: Activity Activity Rate Hair washing Conditioning Chemical treatment Styling Haircut Complete style Perm $4.00 3.50 25.00 10.00 Hair Washing 1 1 2 Highlights The cost of services for a haircut is Oa. $3.50 Ob. $11.50 Oc. $4.00 Od. $7.50 3 Conditioning 1 1 3 4 Chemical Treatment 0 0 1 2 Styling 0 0 1 1
to.mheducatic Baker College | Undergraduate, https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducati... A CT Homework Problems i Direct materials Direct labor Variable overhead Fixed overhead Total Silent Sentry manufactures gas leak detectors that are sold to homeowners throughout the United States at $25 apiece. Each detector is equipped with a sensory cell that is guaranteed to last two full years before needing to be replaced. The company currently has 50,000 gas leak detectors in its inventory that contain sensory cells that had been purchased from a discount vendor. Silent Sentry engineers estimate that these sensory cells will last only 18 months before needing to be replaced. The company has incurred the following unit costs related to the 50,000 detectors. $ 10 2 3 1 $ 16 OT L Saved Silent Sentry is currently evaluating three options regarding the 50,000 detectors. Check my
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Cornerstone Exercise 7-31 Calculating ABC Unit Costs oqrmo gninobro9n ageaea Perry National Bank has collected the following information for four activities and two types of credit cards:en wallokae she aitkop 7pilnquao.bobbonsisbbdo bns noiteanol 2000 ei i bas 1251 orlu boliel oved aomoqmos srls to diod TO Activity Driver Classic Gold Activity Rate Processing transactions Preparing statements re e Number of statements Answering questions Exer Providing ATMS Transactions processed 8,000 e 8,000 viirio/4,800 16,000 32,000 4,800 $0.15 0.90 Number of calls 3.00 24,000 9,600 ATM transactions 1.20 There are 5,000 holders of Classic cards and 20,000 holders of the Gold cards. activities: Required: ese twoho tion molding Calculate the unit cost (rounded to the nearest cent) for Classic and Gold credit cards. The Cornerstone Exercise 7-32 Assigning Costs to Activities Baker Company produces small engines for lawnmower producers. The accounts payable depart- ment at Baker has six clerks who…
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