2. Assume that OfficeMart places orders more frequently, but everything else remains the same. On your worksheet increase thenumber of orders from 4 to 9. (Prior to completing this requirement, change all worksheet figures back to their original amounts.)A1 Chapter 7: Applying Excel234567DataManufacturing overheadSelling and administrative overhead8 Manufacturing overhead910111213 OfficeMart orders:14 Customers15 Orders16 Number of filing cabinets ordered in total17 Selling price1819 Direct laborSelling and administrative overheadTotal activityDirect materialsProduct margin under the traditional costing systemB$500,000$ 300,000AssemblingUnits$$$50%10%1,000unitsCProcessingOrders1 customer9 orders80 units5951805035%45%250ordersDSupportingCustomers5%25%100customersEOther10%20%(b) What is the product margin under the traditional costing system when the number of orders increases to 9? (Enter a loss as anegative amount.)

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Description: 2. Assume that OfficeMart places orders more frequently, but everything else remains the same. On your worksheet increase thenumber of orders from 4 to 9. (Prior to completing this requirement, change all worksheet figures back to their original amo

The traditional costing system refers to the method of accounting that is useful for determining…

Answered: (b) What is the product margin under…

Business

Accounting

(b) What is the product margin under the traditional costing system when the number of orders increases to 9? (Enter a loss a negative amount.) Product margin under the traditional costing system

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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