The instructions for this practice worksheet are in the first picture (2 word document) - the second picture has the excel worksheet to input answers. I’m having a difficult time understanding how to do this - thank you! EMicrg9e ot CenterInsert Delelohal Format asFormatting Table - Styles00CllClipboardFont-AlignmentNumberStylesCelB7Activity Cost DataABDH8KL9.ActivityProduction SetupProcurementActivity Cost%242424Activity BaseNumber of setups1044,000.001113,500.0097,500.00Number of purchase ordersNumber of InspectionsNumber of components12Quality ControlMaterials ManagementTotal132$84,000,0014239,000.001516Activity Base Usage Data1718Product TypeSetupsPurchase ordersInspectionsComponentsUnit Volume19Custom2907601,2005002,00020 StandardTotal1101403002002,000214009001,5007004,0002223Answer Section24A) Activity Rates25Production SetupProcurementQuality Control Materials Management26FORMULA1FORMULA2FORMULA3FORMULA427B) Unit Costs2829Custom UnitsStandard UnitsActivity BaseUsageActivity BaseUsageActivity RateFORMULA1830Activity RateActivity CostActivity CostActivityProduction Setup32%3D31FORMULA5FORMULA6FORMULA7FORMULA17FORMULA19FORMULA22Procurement33 Quality ControlMaterials Management35FORMULA8FORMULA9FORMULA10FORMULA2OFORMULA21FORMULA11FORMULA12FORMULA13FORMULA23FORMULA24FORMULA2534FORMULA14FORMULA15FORMULA16FORMULA26FORMULA27FORMULA28FORMULA17FORMULA29Total Unit CostUnit VolumeUnit Cost36FORMULA18FORMULA30FORMULA19FORMULA31373839Sheet1+P Type here to search99+ 12A AAa-外们AaBbCcDd AaBbCcDd AaBbC AaBbCcC AaB AaBbCcD AaBbCcDd AaBbCcDd AaBbCcDdO FindBIU* abe X xA - ay -1 Normal1 No Spac. Heading 1 Heading 2* RepTitleSubtitleSubtle Em.Emphasis Intense E..FontSeleParagraph3 I 4 5 I 6. 7 .1. I 2. .StylesEditinBelow you will see three sets of inputs. After inputting all of your formulas, you shouldbe able to use any of these sets of data and have the answers automatically update.For this assignment, please choose one of the data sets above and input all of thenecessary formulas to find the answers. Once you are done, choose a different dataset, enter it into your spreadsheet, and check the updated answers to ensure thateverything is flowing through the formulas appropriately. A check answer for each onehas been provided.Data set #2InputsActivity Cot DSection NumberA Cont50.000.0060.000.00120,000.0050.000.00280.000 00ActivtyProdction SetupProcur ementQuality ControlMaterials MunagementTotalActity BaneNumber of seupsNmber of purchae ordersNmter of InnpectionsNamter of componentsActivty BaeU DData set #1Preduct TypeCuntomStandardTotalPurchane orders700100800SetupeInspecions1,0005001600Components400400Unit Volume5003.0002.000200Inputs:Activity Coet DataSection NumberCheck figure (custom per unit cost):ActivityProduction SetupProcurementQuality ControlMaterials Man agementActivity Cost44.000.0013.500.00Activity BaseNumber of setupsNumber of purchase ordersNumber of InspectionsNumber of components64.4097.500.0084,000.00239,000.00TotalData set #3Activity Bane Unge DataProduct TypeSetupsPurchase orders760InspectionsComponents500InputsUhit Volume290CustomStandardTotal1.2003002.0002.0004,000110Activity Cost DataSection Number1409002007004001500Activity Co80,000.00ActivityProdection SetupProcurementQuality ControlMaterials ManagementTotalActivity BaseNumber of setupsNumber of purchaseordersNumber of Inapections40.000.00 Number of componentsCheck figure (custom per unit cost):90.000.00100,000 0090.65310,000 00Activity Bane Uge DataProduct TypeSetupaPurchase orders700500Components400Uhit Volume3,000InmpectionCustomStandardTotal5002007001,0009001.9004004.00012007.000Check figure (custom per unit cost):2460.76o searchO CE(99+

Activity based costing (ABC) with the help of cost drivers, allocates the overheads to cost pools…

G H K. L M Activity Production Setup Procurement Quality Control Materials Management Activity Cost %24 2$ 2$ 2$ 2$ Activity Base Number of setups 44,000.00 13,500.00 Number of purchase orders 97,500.00 Number of Inspections Number of components 84,000.00 Total 239,000.0O Activity Base Usage Data Product Type Custom Standard Total Setups Purchase orders Inspections 1,200 Components 500 Unit Volume 290 760 2,000 110 140 300 200 2,000 400 900 1,500 700 4,000 Answer Section A) Activity Rates Production Setup Procurement Quality Control Materials Management FORMULA1 FORMULA2 FORMULA3 FORMULA4 B) Unit Costs Custom Units Standard Units Activity Base Usage Activity Base Usage Activity Cost Activity Rate FORMULA18 Activity Rate Activity Cost Activity Production Setup Procurement Quality Control Materials Management Total Unit Cost Unit Volume Unit Cost FORMULA5 FORMULA6 FORMULA7 FORMULA17 FORMULA19 FORMULA8 FORMULA9 FORMULA10 FORMULA20 FORMULA21 FORMULA22 FORMULA25 FORMULA24 FORMULA27 FORMULA11 FORMULA12 FORMULA13 FORMULA23 FORMULA14 FORMULA15 FORMULA16 FORMULA26 FORMULA28 FORMULA17 FORMULA29 FORMULA18 FORMULA30 FORMULA19 FORMULA31

G H K. L M Activity Production Setup Procurement Quality Control Materials Management Activity Cost %24 2$ 2$ 2$ 2$ Activity Base Number of setups 44,000.00 13,500.00 Number of purchase orders 97,500.00 Number of Inspections Number of components 84,000.00 Total 239,000.0O Activity Base Usage Data Product Type Custom Standard Total Setups Purchase orders Inspections 1,200 Components 500 Unit Volume 290 760 2,000 110 140 300 200 2,000 400 900 1,500 700 4,000 Answer Section A) Activity Rates Production Setup Procurement Quality Control Materials Management FORMULA1 FORMULA2 FORMULA3 FORMULA4 B) Unit Costs Custom Units Standard Units Activity Base Usage Activity Base Usage Activity Cost Activity Rate FORMULA18 Activity Rate Activity Cost Activity Production Setup Procurement Quality Control Materials Management Total Unit Cost Unit Volume Unit Cost FORMULA5 FORMULA6 FORMULA7 FORMULA17 FORMULA19 FORMULA8 FORMULA9 FORMULA10 FORMULA20 FORMULA21 FORMULA22 FORMULA25 FORMULA24 FORMULA27 FORMULA11 FORMULA12 FORMULA13 FORMULA23 FORMULA14 FORMULA15 FORMULA16 FORMULA26 FORMULA28 FORMULA17 FORMULA29 FORMULA18 FORMULA30 FORMULA19 FORMULA31

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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