Bluefield has decided to use an ABC costing system and has identified the following detailed information about its cost pools and cost drivers: Activity cost pools: Materials handling Machine maintenance Cost drivers: $48,300 $16,720 Number of material moves 420 Number of machine hours 44,000 Required: Calculate Bluefield's activity rate for each cost pool.
Q: Correct option? ? General Accounting
A: Step 1: Define Interest RevenueInterest revenue is the income earned by a lender for providing a…
Q: Please given answer
A: Let's break down how to solve this problem using the Gordon Growth Model (also known as the Dividend…
Q: Provide correct answer general Accounting
A: Step 1: Define Change in Total AssetsTotal assets represent everything a company owns, including…
Q: Correct option? ? General Accounting
A: Step 1: Net Income Return on equity = Net Income/Total equityNet Income = Total equity x Return on…
Q: Find the rate of return on this investment for donne
A: We are given the following details:Accounts Receivable (Face Value): $140,000Amount Received by De…
Q: Provide answer
A: Approach to solving the question:Freeform Detailed explanation:By balancing ordering expenses (cost…
Q: Gary receives $51,000 worth of Quantro, Inc., common stock from his late grandmother's estate. Early…
A: Concept of Inherited Stock and Cost BasisWhen a person inherits stock, they receive it at a…
Q: Given true answer general accounting
A: Step 1: Define Receivables Turnover RatioThe receivables turnover ratio measures how efficiently a…
Q: None
A: Step 1: Definition of Gross ProfitGross profit is the difference between net sales revenue and the…
Q: Calculate the gross profit and cost of goods sold
A: Step 1: Definition of Gross Profit and Cost of Goods Sold (COGS)Gross Profit is the difference…
Q: expert of general accounting answer
A: Step 1: Definition of Pension ExpensePension expense refers to the cost recognized by a company for…
Q: Given the following information how much raw material was transferred to work in progress on January…
A: Step 1: Formula Raw materials costs will be transferred to work in process account once put in the…
Q: Need answer
A: Explanation of Gain or Loss on Disposal: This represents the difference between an asset's selling…
Q: Please solve this problem
A: Step 1: Formula Retained earnings, ending = Retained earnings, beginning + Net income -…
Q: none
A: Step 1: Definition of Accounting EquationThe accounting equation serves as a basis for the balance…
Q: The direct labor rate variance is?
A: Understanding Direct Labor Rate Variance The direct labor rate variance measures the difference…
Q: Subject. General accounting
A: The change in retained earnings (which decreased by $126) can be influenced by the net income and…
Q: If beginning and ending work in process inventories are $9,100 and $18,100, respectively, and cost…
A: Hello student! The Total Manufacturing Costs incurred during the period includes the…
Q: chose best answer
A: Step 1: Recall the formula for reconciling the difference between the variable and absorption…
Q: Please given correct option
A: Step 1: Definition of Finished Goods InventoryFinished Goods Inventory represents the total value of…
Q: choose best answer
A: Step 1: Definition of Cost of Goods Manufactured (COGM)Cost of Goods Manufactured (COGM) represents…
Q: correct option ? general accounting
A: Step 1: Define Maturity ValueThe maturity value of a note is the total amount due at the end of the…
Q: Please given correct solution
A: Calculate Gross Profit: Gross profit is the difference between sales and the cost of sales. Gross…
Q: None
A: The question requires the determination of the number of units to sell to achieve a desired profit.…
Q: general accounting
A: The capital gains yield (CGY) is calculated using the formula:Capital Gains Yield=Selling…
Q: A stock is expected to pay a dividend of $2.75 at the end of the year and it should continue to grow…
A: Stock Price 3 Years from NowGiven:D1 = $2.75DDividends grow at g = 5% per yearRequired return r =…
Q: hello teacher please solve questions
A: The problem requires us to determine the after-tax earnings (net income) for Packman Corporation,…
Q: Provide correct answer general Accounting
A: Step 1: Define Required CalculationsCost of Goods Sold (COGS) Represents the total cost of producing…
Q: What would be the impact on xyz s net income if they accept this special order?
A: Step 1: Define Special Order DecisionSpecial Order Decision is a managerial accounting decision that…
Q: Provide correct option general Accounting
A: Step 1: Product cost under absorption costing.in absorption costing, the following are included in…
Q: choose best answer
A: Step 1: Calculate the gross profit Gross Profit = Sales - Cost of Goods SoldGross Profit = $775,000…
Q: Majestic Collectibles can produce keepsakes that will be sold for $75 each. Non-depreciation fixed…
A: Explanation of Selling Price: Selling price is the amount charged to customers for each unit of…
Q: Gest Inc. has provided the following data for the month of November
A: Calculation of Unadjusted Cost of Goods SoldUnadjusted Cost of Goods Sold = Cost of Manufacturing +…
Q: I want the correct answer with accounting
A: Step 1: Definition of Free Cash Flow (FCF)Free Cash Flow (FCF) represents the cash generated by a…
Q: The manufacturing overhead cost for the current year will be?
A: Explanation of Predetermined Overhead Rate: The predetermined overhead rate is a calculated rate…
Q: Depreciation for 2022 using the double declining balance method would be
A: Explanation of Double-Declining Balance (DDB) Depreciation:Double-Declining Balance (DDB)…
Q: What is the gross income
A: To determine total gross income (gross profit) for the year, we use the formula: Gross Income=Net…
Q: Correct answer please general accounting
A: Step 1: Definition of Defined-Benefit Pension PlanDefined-Benefit Pension Plans are designed by…
Q: Direct materials price variance
A: Step 1: Definition of Direct Material Price VarianceDirect Material Price Variance measures the…
Q: What is the firm's debt equity ratio of this financial accounting question?
A: Step 1: Definition of Debt-to-Equity RatioThe Debt-to-Equity Ratio (D/E ratio) measures the…
Q: Need help
A: Concept of Current AssetsCurrent assets are short-term assets that are expected to be converted into…
Q: Department A had 15,000 units in work in process that were 60% completed as to labor and overhead at…
A: Detailed explanation:Given: Beginning Work In Process,15,000 units, 60% complete as to labor and…
Q: Given solution general accounting
A: Step 1: Definition of Inventory Days of Supply (DOS)Inventory Days of Supply (DOS) is a key…
Q: Financial Accounting
A: Step 1: Definition of Equity Multiplier and Return on Equity (ROE)Equity Multiplier is a financial…
Q: What is the company degree of operating leverage?
A: Given:Sales = $1,500,000Variable expenses = $900,000Contribution margin = $600,000Fixed expenses =…
Q: general accounting
A: Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…
Q: Give me Answer
A: Solution: Materials Purchase Price Variance Calculation Step 1: Understanding the Purchase Price…
Q: given correct answer general accounting
A: Step 1: Define Present Value Using Compound DiscountingPresent value (PV) represents the amount that…
Q: Hello teacher please solve this questions general accounting
A: Step 1: Definition of Pension ExpensePension expense represents the cost that a company incurs for…
Q: What is the Whistleblower Protection Act of 1989 (amended in 2011)?
A: The Whistleblower Protection Act of 1989 is a United States federal law that protects federal…
None
Step by step
Solved in 2 steps
- Rocks Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Compute the overhead rate for each activity.Potterii sells its products to large box stores and recently added a retail line of products to sell directly to consumers. These estimates are to be used in determining the overhead allocation rate for ABC: What would be the predetermined rate for each cost pool?Rex Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Compute the overhead rate for each activity.
- Sanford, Inc., has developed value-added standards for four activities: purchasing parts, receiving parts, moving parts, and setting up equipment. The activities, the activity drivers, the standard and actual quantities, and the price standards for 20x1 are as follows: The actual prices paid per unit of each activity driver were equal to the standard prices. Required: 1. Prepare a cost report that lists the value-added, non-value-added, and actual costs for each activity. 2. Which activities are non-value-added? Explain why. Also, explain why value-added activities can have non-value-added costs.Larsen, Inc., produces two types of electronic parts and has provided the following data: There are four activities: machining, setting up, testing, and purchasing. Required: 1. Calculate the activity consumption ratios for each product. 2. Calculate the consumption ratios for the plantwide rate (direct labor hours). When compared with the activity ratios, what can you say about the relative accuracy of a plantwide rate? Which product is undercosted? 3. What if the machine hours were used for the plantwide rate? Would this remove the cost distortion of a plantwide rate?Calculate bluefield activity rate for each cost pool ? General accounting
- General accountingThe company is considering using a two-stage cost allocation system and wants to assess the effects on reported product profits. The company is considering using Engineering Hours and Users as the allocation base. Additional information follows. Toot! TiX Total Engineering hours 7,650 5,650 13,300 Users 9,500 17,100 26,600 Engineering – hour related administrative cost $ 114,380 User-related administrative cost $…Ramsey SARL uses an activity based costing system to assign overhead costs to products. In the first stage, two overhead costs - Security expense and Building depreciation - are allocated to three activity cost pools - Shipping, Carving, and Other - based on resource consumption. Data to perform these allocations appear below: Overhead Costs: Security expense: $105,000 Building depreciation: $70,000 Distribution of Resource Consumption across Activity Cost Pools: Overhead Cost Activity Cost Pools Shipping Carving Other Security expense 0.30 0.42 0.28 Building depreciation 0.34 0.32 0.34 The second stage of allocation is done by assigning the Shipping costs to products on the basis of orders shipped while products are assigned Carving costs based on machine hours. Costs assigned to the Other activity pool are not further assigned to products. Activity information for Ramsey's only two products is below: orders shipped machine hours Product BA-15: 6,300 1,500…
- The pool rate is defined as the cost per unit of the cost driver for a particular activity cost pool. Group of answer choices True False Rocket Products manufactures three types of remote-control devices: Economy, Standard, and Deluxe. The company, which uses activity-based costing, has identified five activities (and related cost drivers). Each activity, its budgeted cost, and related cost driver is identified below. Activity Cost Cost Driver Material handling $ 225,000 Number of parts Material insertion 2,475,000 Number of parts Automated machinery 840,000 Machine hours Finishing 170,000 Direct labor hours Packaging 170,000 Orders shipped Total $ 3,880,000 The following information pertains to the three product lines for next year: Economy Standard Deluxe Units to be produced 10,000 5,000 2,000 Orders to be shipped 1,000 500 200 Number of parts per unit 10 15 25 Machine…An activity based costing system is being considered at Evelia, nv to assign products overhead costs; these overhead costs are currently assigned strictly by number of units produced. First, the two overhead costs of Rent expense and Insurance expense would be allocated to three activity cost pools - Finishing, Sanding, and Other - based on resource consumption. The information used to perform these allocations is below: Overhead Costs: Rent expense: $2,000,000 Insurance expense: $1,650,000 Distribution of Resource Consumption across Activity Cost Pools: Overhead Cost Activity Cost Pools Finishing Sanding Other Rent expense 0.45 0.25 0.30 Insurance expense 0.20 0.35 0.45 In the second stage, Finishing costs would be assigned to products using direct labor hours and Sanding costs would be assigned to products using the number of machine hours. The costs in the Other activity pool would not be assigned to products. Activity data for the company's two products is as…Doede Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts-equipment depreciation and supervisory expense-to three activity cost pools-Machining. Order Filing, and Other-based on resource consumption, Data to perform these allocations appear below: Overhead costs: Equipment depreciation Supervisory expense $ 30,000 $ 14,800 Distribution of Resource Consumption Across Activity Cost Pools: Equipment depreciation Supervisory expense Activity: Product W1 Product Me Total Machining Order Filling 0.50 0.50 In the second stage, Machining costs are assigned to products using machine-hours (Ms) and Order Filing costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Product W1 Product Me Total Activity Cost Pools MHS (Machining) 5,530 17,000 22,530 0.40 0.30 Show Transcribed Text 5,530 17,000 22,530 Orders (Order Filling)…
