Dobles Corporation has provided the following data from its activity-based costing system: Activities Assembly Estimated Overhead Cost Expected Activity $957,000 Processing orders $88,290 Inspection $130,130 66,000 machine-hours 1,800 orders 1,820 inspection-hours The company makes 430 units of product D28K a year, requiring a total of 690 machine hours, 40 orders, and 10 inspection hours per year. The product's direct materials cost is $36.03 per unit and its direct labor cost is $29.77 per unit. According to the activity-based costing system, the unit product cost of product D28K is closest to: a. $95.29 per unit b. $65.80 per unit c. $86.00 per unit d. $93.67 per unit

Dobles Corporation has provided the following data from its activity-based costing system: Activities Assembly Estimated Overhead Cost Expected Activity $957,000 Processing orders $88,290 Inspection $130,130 66,000 machine-hours 1,800 orders 1,820 inspection-hours The company makes 430 units of product D28K a year, requiring a total of 690 machine hours, 40 orders, and 10 inspection hours per year. The product's direct materials cost is $36.03 per unit and its direct labor cost is $29.77 per unit. According to the activity-based costing system, the unit product cost of product D28K is closest to: a. $95.29 per unit b. $65.80 per unit c. $86.00 per unit d. $93.67 per unit

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

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Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Refer to Exercise 2.21. Last calendar year, Ellerson recognized revenue of 1,312,000 and had selling and administrative expenses of 204,600. Required: 1. What is the cost of goods sold for last year? 2. Prepare an income statement for Ellerson for last year.
Zippy Inc. manufactures a fuel additive, Surge, which has a stable selling price of 44 per drum. The company has been producing and selling 80,000 drums per month. In connection with your examination of Zippys financial statements for the year ended September 30, management has asked you to review some computations made by Zippys cost accountant. Your working papers disclose the following about the companys operations: Standard costs per drum of product manufactured: Materials: Costs and expenses during September: Chemicals: 645,000 gallons purchased at a cost of 1,140,000; 600,000 gallons used. Empty drums: 94,000 purchased at a cost of 94,000; 80,000 drums used. Direct labor: 81,000 hours worked at a cost of 816,480. Factory overhead: 768,000. Required: Calculate the following for September, using the formulas on pages 421422 and 424 (Round unit costs to the nearest whole cent and compute the materials variances for both Surge and for the drums.): 1. Materials quantity variance. 2. Materials purchase price variance. 3. Labor efficiency variance. 4. Labor rate variance.
:XYZ has provided the following data from its activity-based costing system Total Activity Total Cost Activity Cost Pool machine-hours 18,000 228,060 $ Assembly orders 1,600 34,068 $ Processing orders inspection hours 1,700 125,560 $ Inspection The company makes 420 units of product YBY a year, requiring a total of 460 machine-hours, 80 orders, and 10 inspection-hours per year. The product's direct materials cost is $48.96 per unit and its direct labor cost is $25.36 per .unit :According to the activity-based costing system, the average cost of product YBY is closest to per unit $93.99 a O .None of the given answer is correct .b O per unit $94.00 .cO per unit $94.26 d O per unit $95.77 .e O
A company estimates that it will incur $3300000 of overhead each year in three departments: Processing, Packaging, and Testing. The company performs 800 processing transactions, 200000 packaging transactions, and 2000 tests per year in producing 400000 drums of product Oil and 600000 drums of product Sludge. The following data are available: Activity Cost Pool Estimated Use of Driver Processing 800 Packaging Testing 200000 2000 $1796250. $1503750. $1230000. $1650000. Cost 300 $1350000 Production information for the two products is as follows: 120000 1600 1350000 Oil Sludge Activity Cost Pool Estimated Use of Driver Estimated Use of Driver Processing 500 Packaging Testing 600000 The amount of overhead assigned to Sludge using ABC is 80000 400
XYZ has provided the following data from its activity-based costing system: Time left 0:. Activity Cost Pool Total Cost Total Activity Assembly $ 228,060 18,000 machine-hours Processing orders $ 34,068 1,600 orders Inspection $ 125,560 1,700 inspection hours The company makes 420 units of product YBY a year, requiring a total of 460 machine-hours, 80 orders, and 20 inspection-hours per year. The product's direct materials cost is $48.96 per unit and its direct labor cost is $25.36 per unit. According to the activity-based costing system, the average cost of product YBY is closest to: O a. None of the given answer is correct. O b. $95.77 per unit O . $93.99 per unit Od. $94.00 per unit O e. $94.26 per unit Esc . *+ F6 FnLock F1 F2 F3 F4 F5 F7 F8 F9 F10 #3 % & 1 4. 5 6 7 V 8 W E T Y U A HiJ 1. 60 LU
XYZ has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Assembly $228,060 18,000 machine-hours Processing orders $ 34,068 1,600 orders Inspection $125,560 1,720 inspection hours The company makes 420 units of product YBY a year, requiring a total of 460 machine-hours, 80 orders, and 10 inspection-hours per year. The product's direct materials cost is $48.96 per unit and its direct labor cost is $25.36 per unit. According to the activity-based costing system, the average cost of product YBY is closest to: O a. $94.00 per unit O b. $94.26 per unit Oc. $93.99 per unit O d. $95.77 per unit е. None of the given answer is correct.
XYZ has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Assembly $228,060 18,000 machine-hours Processing orders $ 34,068 1,600 orders Inspection $125,560 1,700 inspection hours The company makes 420 units of product YBY a year, requiring a total of 460 machine-hours, 80 orders, and 20 inspection-hours per year. The product's direct materials cost is $48.96 per unit and its direct labor cost is $25.36 per unit. According to the activity-based costing system, the average cost of product YBY is closest to: O a. $93.99 per unit O b. None of the given answer is correct. O. $95.77 per unit O d. $94.00 per unit O e. $94.26 per unit CLEAR MY CHOICE MacBook Air 20 F3 F1 $ % & # 5 6. 7 8 1 2 3 4 T. Y Q W E と K F G تثبيت A (( S V alt الأوامر C. I R
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XYZ has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Assembly $ 228,060 18,000 machine-hours Processing orders $ 34,068 1,600 orders Inspection $ 125,560 1,720 inspection hours The company makes 420 units of product YBY a year, requiring a total of 460 machine-hours, 80 orders, and 10 inspection hours per year. The product's direct materials cost is $48.96 per unit and its direct labor cost is $25.36 per unit. According to the activity-based costing system, the average cost of product YBY is closest to: O a. $94.26 per unit O b. None of the given answer is correct. Oc $94.00 per unit O d. $95.77 per unit O e $93.99 per unit CLEAR MY CHOICE
Please answer me quickely!
A company incurs $1220000 of overhead each year in three departments, Processing, Packaging, and Testing. The company performs 800 processing transactions, 190000 packaging transactions, and 2000 tests per year in producing 398000 drums of oil and 592000 drums of sludge. The following data are available: Department Use of Cost Driver Cost Processing 800 $496000 Packaging 190000 496000 Testing 2000 228000 Production information for sludge is as follows: Department Use of Cost Driver Processing 500 Packaging 95000 Testing 600 Calculate the amount of overhead assigned to sludge. $459000 $610000 $626400 $593600
A company incurs $1240000 of overhead each year in three departments, Processing, Packaging, and Testing. The company performs 800 processing transactions, 200000 packaging transactions, and 2000 tests per year in producing 398000 drums of oil and 594000 drums of sludge. The following data are available: Department Processing Packaging 200000 Testing Expected use of Driver $620000 $695560 800 $544440 2000 $444560 Production information for oil is as follows: Cost Department Expected use of Driver Processing 400 Packaging 116000 Testing $502000 1300 502000 Calculate the amount of overhead assigned to oil. 236000