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Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costa Wages and salaries Other overhead costa 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 Activity Measure Number of direct labor-hours Number of customer orders Number of customers This is an organization- sustaining activity Direct materials Direct labor Order Direct Labor Processing. 30% 10% 40% 30% Data Concerning the Shenzhen Enterprises Order Units ordered Direct labor-hours Selling price 10 units 2 DLHs per unit Total Activity for the Year 20,000 DES $ 300 per unit $ 180 per unit $ 50 per unit 400 orders 200 customers Not applicable 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: Customer Support 201 201 Other 10% 40% Total 100% 100% 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.

Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costa Wages and salaries Other overhead costa 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 Activity Measure Number of direct labor-hours Number of customer orders Number of customers This is an organization- sustaining activity Direct materials Direct labor Order Direct Labor Processing. 30% 10% 40% 30% Data Concerning the Shenzhen Enterprises Order Units ordered Direct labor-hours Selling price 10 units 2 DLHs per unit Total Activity for the Year 20,000 DES $ 300 per unit $ 180 per unit $ 50 per unit 400 orders 200 customers Not applicable 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: Customer Support 201 201 Other 10% 40% Total 100% 100% 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.

FINANCIAL ACCOUNTING
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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Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costs Wages and salaries. Other overhead costa 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 Direct Labor 40% 30% Activity Measure Number of direct labor-hours Number of customer ordere Number of customers Direct labor-hours Selling price This is an organization- sustaining activity Direct materials Direct labor Data Concerning the Shenzhen Enterprises Order Units ordered 10 units 2 DLHS per unit $ 300 per unit Order Processing 30% 10% 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: $ 180 per unit $ 50 per unit Total Activity for the Year 20,000 DLHS 400 orders 200 customers Not applicable. Customer Support 20% 208 Other 10% 40% Total 100% 100% 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.
Transcribed Image Text:Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costs Wages and salaries. Other overhead costa 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 Direct Labor 40% 30% Activity Measure Number of direct labor-hours Number of customer ordere Number of customers Direct labor-hours Selling price This is an organization- sustaining activity Direct materials Direct labor Data Concerning the Shenzhen Enterprises Order Units ordered 10 units 2 DLHS per unit $ 300 per unit Order Processing 30% 10% 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: $ 180 per unit $ 50 per unit Total Activity for the Year 20,000 DLHS 400 orders 200 customers Not applicable. Customer Support 20% 208 Other 10% 40% Total 100% 100% 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.
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