GB Inc. 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 (SEE PICTURE BELOW): The following information pertains to the three product lines for next year (PRESENTED BELOW): Under an activity-based costing system, what is the per-unit cost of Deluxe? * O Activity Material handling Material insertion Automated machinery Finishing Cost P 225,000 2,475,000 840,000 170,000 Cost Driver Number of parts Number of parts Machine hours Direct labor hours Orders shipped Packaging Total 170,000 $3,880,000 The following information pertains to the three product lines for next year: Units to be produced Orders to be shipped Number of parts per unit Machine hours per unit Labor hours per unit Economy Standard 10,000 1,000 10 Deluxe 2,000 200 25 5,000 500 15 1 3 2 2

GB Inc. 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 (SEE PICTURE BELOW): The following information pertains to the three product lines for next year (PRESENTED BELOW): Under an activity-based costing system, what is the per-unit cost of Deluxe? * O Activity Material handling Material insertion Automated machinery Finishing Cost P 225,000 2,475,000 840,000 170,000 Cost Driver Number of parts Number of parts Machine hours Direct labor hours Orders shipped Packaging Total 170,000 $3,880,000 The following information pertains to the three product lines for next year: Units to be produced Orders to be shipped Number of parts per unit Machine hours per unit Labor hours per unit Economy Standard 10,000 1,000 10 Deluxe 2,000 200 25 5,000 500 15 1 3 2 2

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

In cost terms, direct labor cost is included inA. Manufacturing costsB. Prime costsC. Conversion costsD. B and CE. A, B and C
Subject:- Accounting
The purpose of costing are as follows EXCEPT: Price products Make decisions record cost Formulate a balance sheet Value inventory
QUESTION 43 Which of the following approaches allocates overhead with the use of a predetermined overhead rate and standard level of activity? A. standard costing B. normal costing C. target costing D. process costing E. actual costing
Explain in details what the textbook means by a “cost hierarchy”
ANSWER ANY TWO QUESTIONS 1. What is the meaning of cost accounting? Write any FIVE objectives of cost accounting. 2. Briefly explain the elements of cost.
When using a standard cost system what term is referred to what a product does cost? Group of answer choices actual valid standard none of the above
Please do not give solution in image format thanku
estion 2 Which of the following way of cost assignment used to assign accumulated cost with an indirect relationship to a cost object? Cost allocation Cost tracing Cost accumulation Cost assignment
Q.3.4 Briefly discuss the following concepts. Your discussion should include reference as to how it is determined: Actual manufacturing overhead costs. Budgeted manufacturing overhead costs. Allocated or applied manufacturing overhead costs. ●
QUESTION 28 Which of the following is not a reason for cost allocation? A. Maximization of direct cost efficiency B. Cost-based reimbursement C. Cost determination of product or service D. Cross-department monitoring