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Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costs Wages and salaries. Other overhead costs Total overhead costs Activity Cost Pool Supporting direct labor Order processing Customer support Other $ 300,000 100,000 $ 400,000 Wages and salaries. Other overhead costs Activity Measure Number of direct labor-hours Number of customer orders. Number of customers This is an organization- sustaining activity Distribution of Resource Consumption Across Activities Supporting Direct Labor Order Processing 30% 10% 40% 30% Data Concerning the Shenzhen Enterprises Order Units ordered 10 units. Direct labor-hours 2 DLHS per unit Selling price Direct materials. Direct labor Total Activity for the Year 20,000 DLHS $ 300 per unit. $ 180 per unit. $ 50 per unit 400 orders 200 customers Not applicable Customer Support 20% 20% Other 10% 40% During the year, Advanced Products completed one order for a new customer, Shenzhen Enterprises. This customer did not order any other products during the year. Data concerning that order follow: Total 100% 100%

Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costs Wages and salaries. Other overhead costs Total overhead costs Activity Cost Pool Supporting direct labor Order processing Customer support Other $ 300,000 100,000 $ 400,000 Wages and salaries. Other overhead costs Activity Measure Number of direct labor-hours Number of customer orders. Number of customers This is an organization- sustaining activity Distribution of Resource Consumption Across Activities Supporting Direct Labor Order Processing 30% 10% 40% 30% Data Concerning the Shenzhen Enterprises Order Units ordered 10 units. Direct labor-hours 2 DLHS per unit Selling price Direct materials. Direct labor Total Activity for the Year 20,000 DLHS $ 300 per unit. $ 180 per unit. $ 50 per unit 400 orders 200 customers Not applicable Customer Support 20% 20% Other 10% 40% During the year, Advanced Products completed one order for a new customer, Shenzhen Enterprises. This customer did not order any other products during the year. Data concerning that order follow: Total 100% 100%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costs Wages and salaries Other overhead costs Total overhead costs Activity Cost Pool Supporting direct labor Order processing Customer support Other Wages and salaries Other overhead costs $ 300,000 100,000 $ 400,000 Distribution of Resource Consumption Across Activities Supporting Order Processing 30% 10% Activity Measure Number of direct labor-hours Number of customer orders Number of customers Selling price Direct materials Direct labor This is an organization- sustaining activity Required: Direct Labor 40% 30% Data Concerning the Shenzhen Enterprises Order Units ordered 10 units Direct labor-hours 2 DLHS per unit Total Activity for the Year $ 300 per unit $ 180 per unit $ 50 per unit 20,000 DLHS During the year, Advanced Products completed one order for a new customer, Shenzhen Enterprises. This customer did not order any other products during the year. Data concerning that order follow: 400 orders 200 customers Not applicable Customer Support 20% 20% Other 10% 40% Total 100% 100%
Transcribed Image Text:Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costs Wages and salaries Other overhead costs Total overhead costs Activity Cost Pool Supporting direct labor Order processing Customer support Other Wages and salaries Other overhead costs $ 300,000 100,000 $ 400,000 Distribution of Resource Consumption Across Activities Supporting Order Processing 30% 10% Activity Measure Number of direct labor-hours Number of customer orders Number of customers Selling price Direct materials Direct labor This is an organization- sustaining activity Required: Direct Labor 40% 30% Data Concerning the Shenzhen Enterprises Order Units ordered 10 units Direct labor-hours 2 DLHS per unit Total Activity for the Year $ 300 per unit $ 180 per unit $ 50 per unit 20,000 DLHS During the year, Advanced Products completed one order for a new customer, Shenzhen Enterprises. This customer did not order any other products during the year. Data concerning that order follow: 400 orders 200 customers Not applicable Customer Support 20% 20% Other 10% 40% Total 100% 100%
Data concerning the Shenzhen Enterprises order Units ordered 10 units Direct labor-hours Selling price Direct materials Direct labor 2 DLHS per unit $ 300 per unit $ 180 per unit $50 per unit Required: 1. Prepare a report showing the first-stage allocations of overhead costs to the activity cost pools. 2. Compute the activity rates for the activity cost pools. 3. Calculate the total overhead costs for the order from Shenzhen Enterprises including customer support costs. 4. Calculate the customer margin for Shenzhen Enterprises. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Wages and salaries Other overhead costs Total cost Required 4 Prepare a report showing the first-stage allocations of overhead costs to the activity cost pools. Direct Labor Support Order Processing < Required 1 Customer Support Other Required 2 > Totals
Transcribed Image Text:Data concerning the Shenzhen Enterprises order Units ordered 10 units Direct labor-hours Selling price Direct materials Direct labor 2 DLHS per unit $ 300 per unit $ 180 per unit $50 per unit Required: 1. Prepare a report showing the first-stage allocations of overhead costs to the activity cost pools. 2. Compute the activity rates for the activity cost pools. 3. Calculate the total overhead costs for the order from Shenzhen Enterprises including customer support costs. 4. Calculate the customer margin for Shenzhen Enterprises. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Wages and salaries Other overhead costs Total cost Required 4 Prepare a report showing the first-stage allocations of overhead costs to the activity cost pools. Direct Labor Support Order Processing < Required 1 Customer Support Other Required 2 > Totals
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