Cost pool$58,200$88,500Total cost incost poolO $7,200pool 1pool 2pool 3Compute allocated capacity costs for product Alpha.$18,000$7,500$63,000$45,000not enough information need to know the totalnumber of cost driver unitsNumber of cost driverunitsproductAlpha202030--productBeta30512

Allocation of cost is one of the most important activities in cost accounting. It enables…

Cost pool pool 1 pool 2 pool 3 Total cost in cost pool $58,200 $18,000 $7,500 $63,000 $88,500 Compute allocated capacity costs for product Alpha. product Alpha 20 20 30 not enough information need to know the total number of cost driver units product Beta 30 5 12 --

Cost pool pool 1 pool 2 pool 3 Total cost in cost pool $58,200 $18,000 $7,500 $63,000 $88,500 Compute allocated capacity costs for product Alpha. product Alpha 20 20 30 not enough information need to know the total number of cost driver units product Beta 30 5 12 --

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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! P1 P2 Required information SB (Static) The following information is... [The following information applies to the questions displayed below.] The following information is departmental cost allocation with two service departments and two production departments. Department Service 1 (S1) Service 2 (S2) Production 1 (P1) Production 2 (P2) Cost $ 30,000 20,000 100,000 150,000 Total Cost Allocated Percentage Service Provided to S1 0% 20 Brief Exercise 7-14 (Static) If the cost in P1 is changed from... [LO 7-3] What is the amount of service department cost allocated to P1 and P2 using the direct method if the cost in P1 is changed from $100,000 to $120,000? S2 P1 P2 30% 35% 35% 0 20 60
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Required information Skip to question [The following information applies to the questions displayed below.] The following information is departmental cost allocation with two service departments and two production departments. Percentage Service Provided to Department Cost S1 S2 P1 P2 Service 1 (S1) $ 47,000 0 % 20 % 40 % 40 % Service 2 (S2) 37,000 20 0 20 60 Production 1 (P1) 270,000 Production 2 (P2) 320,000 What is the total cost in P1 and P2 after allocation using the direct method?
Required information [The following information applies to the questions displayed below.] The following information is departmental cost allocation with two service departments and two production departments. Department Service 1 (S1) Service 2 (S2) Production 1 (P1) Production 2 (P2) Cost $ 47,000 37,000 270,000 320,000 Service Department Cost Allocation Total Cost Percentage Service Provided to P1 S1 0% 20 S2 20% 0 What is the total cost in P1 and P2 and what is the amount of service department cost allocated to P1 and P2 using the step method with S1 going first? P1 40% 20 P2 P2 40% 60
Question 1: Assume the following information pertaining to Star Company: Prime costs $ 202,000 Conversion costs 235,000 Direct materials used 89,900 Beginning work in process 104,300 Ending work in process 83,800 Total manufacturing cost is calculated to be: Multiple Choice $324,900. $33,000. $112,100. $347,100. $122,900.
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Total Costs Variable Costs Fixed Costs Total Costs Costs per unit Variable cost per unit Fixed cost per unit 008 S Total cost per unit 0082 $ 60,000 101 150,000 Units produced and sold 80,000 001500 4.50 erinoM nsl 100,000 doa 19A Gigi's Gadgets manufactures and sells a single product. A partially completed schedule of the co total and per unit costs over a relevant range of 60,000 to 100,000 units produced and sold durir given year are listed above. 1. Complete the schedule for the company's total and unit costs above.matul ad quizU 2. Assume that the company sells 90,000 during a year. The selling price is $7.50 per unit. an income statement using the contribution margin format for that year.
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Profitability Analysis Cost Revenue Quantity 10,000 Fixed cost $100,000.00 Unit cost $12.00 Unit revenue $20.00 Total Revenue Net Profit Profit or Loss Total Cost $220,000.00 Outsourcing Decision Loss Produce In-House Outsource Quantity 12.000 Fixed cost 250,000.00 Unit cost $20.00 Fixed cost Unit cost $35.00 Technology Choice Decision Option A Option B Quantity Total In-House Production Cost 190,000.00 $200,000.00 Total Outsourced Cost 120,000.00 -$20,000.00 Cost difference (In-House - Outsourced $70,000.00 Cost difference (Option A - Option B) Economical Decision Outsource Economical Decision 11,000 Fixed cost $200,000.00 Unit cost $18.60 Fixed cost $100,000.00 Unit cost $21.00 Total Cost Option A $404,600.00 Total Cost Option B $331,000.00 $73,600.00 Option B
8 Eliezrie, Incorporated, manufactures and sells two products: Product G8 and Product 00. Data concerning the expected production of each product and the expected total direct labor-hours (DLHS) required to produce that output appear below. Product G8 Product 00 Direct Materials. Cost per Unit $ 130.10 $ 130.50 Product G8 Product 00. Total direct labor-hours The direct labor rate is $23.80 per DLH. The direct materials cost per unit for each product is given below: Activity Cost Pools Labor-related Machine setups Order size Expected Hours Per Production Unit 870 6.7 470 3.7 Direct Labor- The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Measures DLHS setups Mis Total Direct Labor- Estimated Overhead Cost Hours 5,829 1,739 7,568 $ 64,055 62,890 374,008 $ 500,953 Expected Activity Product G8 Product 00 5,829 1,739 1,250 685 5,650 6,800 Total 7,568 1,935 12,450 100% e EL
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