administrative
Q: Abdulwahab Corporation is estimating the cost function for total cost of production of product A…
A: Variable cost is the cost which changes with change in production volume and fixed cost is the cost…
Q: 3) Some cost information of the enterprise, which calculates its costs according to the Standard…
A: A company will estimate its total costs for a future period using the past experience and historical…
Q: The company makes a product with the following costs: Direct materials→₱17.00; Direct labor→₱22.00;…
A:
Q: V&S Mechanical sells and services plumbing, heating, and air conditioning systems V & S's cost…
A: The sales price may be computed using the cost-plus method. In this method, an estimated percentage…
Q: Assume you are the department B manager for Marley's Manufacturing. Marley's operates under a…
A: Answer: a. how does this impact the financial performance of your department? Department B is having…
Q: Absorption costing is a widely used accounting method for costing and reporting on the total…
A: The absorption costing is followed by a business entity to preparing an income statement. It has…
Q: Schuman Corporation produces microwave units. The following per-unit cost information is available:…
A: Absorption costing is one of important costing system being used in business. As per this system,…
Q: a supplement of the question . Under an activity-based costing system, what is the per-unit overhead…
A: Per unit overhead cost of Y a) $ 272
Q: Required Information [The following information applies to the questions displayed below.] Preble…
A: Variable costs are costs that vary with the change in the level of output.Factory overhead is the…
Q: The company makes a product with the following costs: Direct materials→₱15.70; Direct labor→₱19.70;…
A: Return per unit = (investment x rate of return) / no. of units = (340000*9%)/49000 = ₱0.62 per unit
Q: Cost data relating to the single product produced by the firm are given as: Direct materials→₱8.00;…
A: Per Unit Produced cost under absorption costing = Direct Material + Direct labor + Variable…
Q: Ritner Corporation manufactures a product that has the following costs: Per Unit $ 22.50 $14.00…
A: Absorption costing is used to ascertain the cost per unit. In absorption costing we focus on the…
Q: Apply the Concepts, Cost Reporting Medco Inc., a manufacturing firm, has four activities: purchasing…
A: Cost Report for Medco Inc. (Year 1 Ended)**Value-and Non-Value-Added Cost Report**| Activity | Total…
Q: Calculate the unit product cost using absorption costing and variable costing when production is 200…
A: Product cost refers to the cost incurred in factory for manufacturing the goods. Under Absorption…
Q: Zhedong plans to use activity-based costing to determine its product costs. The total factory…
A: Answer - Part 1 - Single Plantwise OH Rate - Predetermined overhead rate = (estimated manufacturing…
Q: Yalland Manufacturing Company makes two different products, M and N. The company’s two departments…
A: Direct costs are those costs that can be allocated directly to the product. Indirect costs are those…
Q: PLEASE HELP ME SOLBE THIS. I can't get the steps right. Quesiton: Determine the total cost and…
A: The total cost per bar for each product line can be calculated by adding the direct material cost,…
Q: TRUE OR FALSE If an intangible asset is successfully defended from a legal challenge, the incurred…
A: The term "intangible assets" refers to assets without a physical form. Businesses that have made…
Q: Speedy Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable…
A: **April 2020 Income Statement under Throughput Costing:**```Revenues…
Q: Landow Company uses variable costing for internal purposes and wants to restate income to that of…
A: Income under absorption costing is a method of calculating a company's income or profit that…
Q: Compute the variable- and fixed-cost elements using the high-low method.Single line text.
A: The high-low costing method follows the rule of computing with the highest and lowest activity level…
Q: Ayala Inc. has conducted the following analysis related to its product lines, using a traditional co…
A: Traditional costing income is a standard technique for external financial reporting that is required…
Q: company produces You are a management accountant of EON and Brothers Ltd., a manufacturing that two…
A: ABC is the costing technique or method adopted by the management under which they have to identify…
Q: Assume you are the department B manager for Marley's Manufacturing. Marley's operates under a…
A: Introduction:- The following formula used to calculate operating income/Loss percentage as follows:-…
Q: Wayne Frederick expects sales of Bison Business Solutions's line of computer workstation furniture…
A: Total cost of goods sold = Cost of goods sold per unit * Number of units produced Gross margin =…
Q: ompany mar ires one product. Its variable manufacturing overhead is applied to production based on…
A: Direct labor Efficiency variance is used for evaluating how efficiently the direct labor hours were…
Q: XYZ Co. manufactures three types of remote-control devices: X, Y, and Z. The company, which uses…
A: As per the given question material insertion cost is allocated on the basis of number of parts. The…
Q: correct option is ?
A: Step 1: Introduction to Cost Pool Accounts Digit:cost pool accounts digit represent the digits that…
Q: Marley's Manufacturing Income Statement Month Ending August 31, 2018 Dept. A Dept. B Sales $22,000…
A: Operating Income in dollars and Operating Income in percentage Sales…
Q: Engineering LLC is facing a cost issues in their production department. The Production manager of Al…
A: It helps in the variance analysis of the company.
Q: C) Standard Costing as a Management Tool. The CE.O. then states that production reports have shown…
A: Calculation of material price and quantity variance:: Material price Variance:: Actual…
Q: A company uses activity-based costing to determine the costs of its three products: A, B, and C. The…
A: Activity based costing plays a key role in overhead costs individually for the product where it was…
Q: Assume you are the department B manager for Marley's Manufacturing. Marley's operates under a…
A: Operating income/(loss) in dollars = Gross profit - Total expenses Operating income/(loss) in…
Q: Assume you are the department B manager for Marley's Manufacturing. Marley's operates under a…
A: Answer: a. How would you view this as a manager? Department A is selling its product to Department B…
Q: Gary needs to show his supervisor how COGS, as reported on the company's income statement, might…
A: Variable costing is a method of costing where the variable costs are considered only and the fixed…
Q: A company uses activity-based costing to determine the costs of its three products: A, and C. The…
A: The activity rate is calculated as total budgeted cost divided by budgeted usage. The overhead is…
Q: Cantrall Company is trying to decide which pr materials costs are $4.00 per unit for each proc per…
A: When deciding between options or alternatives, there are two sorts of costs to consider: relevant…
Q: The Shatontola Co. Ltd is a single-product manufacturing company, which uses a marginal costing…
A: Marginal costing is the method of accounting where the profit for the period is determined by…
Q: a) Classify each cost as fixed, variable or mixed, using production volume as the cost driver. b)…
A: The high-low method is a system for segregating variable and fixed costs which are not known in the…
Q: Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and…
A: High low method: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest…
Q: Assume you are the department B manager for Marley's Manufacturing. Marley's operates under a…
A: Dept A ($) Dept B ($) Sales 23000 50000 Cost of the goods sold 11270 25500 Gross profit…
Q: The JAG Company has assembled the following data pertaining to certain costs that cannot be easily…
A: High-low Methoda) Let's start by computing the variable cost per hour. We get the difference between…
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
- What is the answer is correct?!!Please help me Thankyou.Your company management wants you to compare the list of materials for HML and ABC analysis. For ABC classification they set the following criteria; Items below SR 100000 annual consumption shall be considered as C-items, items between SR 100000 and SR 150000 shall be considered as B-items, and items above SR 150000 shall be considered as A- items For HML classification they set the following criteria; Items below unit price SR 50 shall be considered as L-items, items between SR 50 and SR 100 unit price shall be considered as M-items, and items above SR 100 unit price shall be considered as H-items. Based upon your analysis suggest which classification shall be better for the company so that inventory can be optimized. Justify your answer. Consumption (Units) Annual Price/unit SR Consumption (SR) Annual Item H/M/L A/B/C A 2000 40 В 3000 65 C 2500 90 D 2400 100 E 2300 85 F 2600 110 G 2700 35 H 2300 105 I 2200 130 J 2500 45
- Connell Co. collects the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 10,000 $17,000 February 8,000 $13,500 March 9,000 $14,400 April 7,000 $12,500 Instructions: Compute the variable and fixed cost elements using the high-low method.Coronado Inc. has conducted the following analysis related to its product lines, using a traditional costing system (volume-based) and an activity-based costing system. The traditional and the activity-based costing systems assign the same amount of direct materials and direct labor costs. Products Product 540X Product 137Y Product 249S (a) Sales Revenue $210,000 Product 137Y * Your answer is incorrect. Product 540X $ LA LA 166,000 LA 94,000 Product 249S $ Total Costs Traditional $59,000 For each product line, compute operating income using the traditional costing system. 49,000 17,000 160060 131040 ABC 53900 $49,940 34,960 40,100Your company management wants you to compare the list of materials for HML and ABC analysis. For ABC classification they set the following criteria; Items below SR 100000 annual consumption shall be considered as C-items, items between SR 100000 and SR 150000 shall be considered as B-items, and items above SR 150000 shall be considered as A- items For HML classification they set the following criteria; Items below unit price SR 50 shall be considered as L-items, items between SR 50 and SR 100 unit price shall be considered as M-items, and items above SR 100 unit price shall be considered as H-items. Based upon your analysis suggest which classification shall be better for the company so that inventory can be optimized. Justify your answer. Item Consumption (Units) Annual Price/unit SR H/M/L Consumption (SR) Annual A/B/C A 2000 40 B 3000 65 C 2500 90…
- Assume you are the department B manager for Marley's Manufacturing. Marley's operates under a cost-based transfer structure. Assume you receive the majority of your raw materials from department A, which sells only to department B (they have no outside sales). After calculating the operating income in dollars and operating income in percentage, analyze the following financial information to determine costs that may need further investigation. Marley's ManufacturingIncome StatementMonth Ending August 31, 2018 Dept. A Dept. B Sales $21,000 $52,000 Cost of goods sold 9,870 27,040 Gross profit $11,130 $24,960 Expenses: Utility expenses $840 $3,120 Wages expense 5,040 10,920 Costs allocated from corporate 2,100 14,560 Total expenses $7,980 $28,600 Operating income/(loss) in dollars $fill in the blank 1 $fill in the blank 2 Operating income/(loss) in percentage fill in the blank 3 % fill in the blank 4 % Department B had…Assume you are the department B manager for Marley's Manufacturing. Marley's operates under a cost-based transfer structure. Assume you receive the majority of your raw materials from department A, which sells only to department B (they have no outside sales). After calculating the operating income in dollars and operating income in percentage, analyze the following financial information to determine costs that may need further investigation.A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Budgeted Activity Activity Cost Pool Budgeted Cost Product A Product B Product C Activity 1 $ 87,000 7,700 10,700 21,700 Activity 2 $ 62,000 8,700 16,700 9,700 Activity 3 $ 116,000 4,200 2,700 3,325 How much overhead will be assigned to Product B using activity-based costing?
- The controller at Wesson Company's manufacturing plant has provided you with the following information for the first quarter's operations: Direct materials Fixed manufacturing overhead costs Sales price Variable manufacturing overhead Direct labor Fixed marketing and administrative costs Units produced and sold during the quarter Variable marketing and administrative costs Required: a. Prepare a gross margin income statement. b. Prepare a contribution margin income statement. Complete this question by entering your answers Required A Required B Prepare a contribution margin income statement. Contribution Margin Income StatementBruno Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 8,015 February 7,510 Miles Driven Total Cost $14,195 March 8,500 $15,000 13,515 April 8,205 14,495 a. Compute the variable cost per mile using the high-low method. b. Compute the fixed cost elements using the high-low method. Arsons company is planning to produce 2,100 units of product in 2017. Each unit requires 1.60 pounds of materials at $6.40 per pound and a half-hour of labor at $16.00 per hour. The overhead rate is 60% of direct labor. A. Compute the budgeted amounts for 2017 for direct materials to be used, direct labor, and applied overhead. B. Compute the standard cost of one unit of production (round answer to 2 decimal places).
