Given the following information, determine the activity rate (rounded to the nearest cent) for setups. Activity Total Activity-Base Usage Budgeted Activity Cost Setups 11,000 $58,100 Inspections 25,200 $147,200 Assembly (dlh) 72,000 $375,700 a. $5.22 O b. $5.28 c. $5.84 O d. $5.37
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- Given the following information, determine the activity rate for setups. Activity Total Activity-Base Usage Budgeted Activity Cost Setups 9,500 $57,700 Inspections 26,000 $140,600 Assembly (dlh) 70,400 $409,500 a.$5.41 b.$5.74 c.$5.82 d.$6.07Relevant data from the Poster Company’s operating budgets are: Quarter 1 Quarter 2 Sales $208,480 $211,540 Direct material purchases 115,300 120,832 Direct labor 75,205 73,298 Manufacturing overhead 25,300 25,400 Selling and administrative expenses 33,400 33,500 Depreciation included in selling and administrative 1,500 900 Collections from customers 215,392 240,154 Cash payments for purchases 114,290 119,254 Additional data:Capital assets were sold in January for $10,000 and $4,400 in May.Dividends of $4,600 were paid in February. The beginning cash balance was $60,360 and a required minimum cash balance is $59,000. Use this information to prepare a cash budget for the first two quarters of the year: If an amount box does not require an entry, leave it blank. The Poster CompanyCash BudgetFor the First Two Quarters Quarter 1 Quarter 2 $Beginning Cash Balance $Beginning Cash Balance Add: Cash Receipts Collections from Customers…Prepare the production-overhead budget (in dollars) for 20x0.
- Given the following information, determine the activity rate for setups. Activity Total Activity-Base Usage Budgeted Activity Cost Setups 10,800 $58,100 Inspections 23,600 $142,200 Assembly (dlh) 76,400 $411,600 a.$5.38 b.$6.03 c.$5.52 d.$5.39consider the following summary interim cost reports of a project, say in week 10. Assume that A, B, C and D are the only work packages in the project. Activity Total Budgeted cost for the activity Budgeted cost of work scheduled (PV) % Complete Actual Cost EV CV SV A $1,000 $1,000 100 $1,100 B $1,000 $700 50 $900 C $1000 $0 0 $0 D $1,000 $500 60 $400 (Hint: One of the columns gives you PV directly. There is no need to separately calculate it.) a) Calculate the EV, CV and SV for each activity . What is your assessment of the progress of each activity? Calculate the EV, CV, SV, CPI and SPI for the project, and the critical ratio (CR). What is your assessment of the entire project so far based on these calculations? b) There are several formulae available for calculation of the Estimated (remaining cost) to completion (ETC). Once you have ETC, you can calculate…Question Content Area Given the following information, determine the activity rate for setups. Activity Total Activity-Base Usage Budgeted Activity Cost Setups 10,000 $180,000 Inspections 24,000 $120,000 Assembly (dlh) 80,000 $400,000
- Budgeted information for X Ltd for the following period, analyzed by product, is shown below: Product A Product B Product C Selling price per unit $11 $10.5 $8 Variable costs per unit $5.8 $6 $5.2 Attributable fixed costs $275000 $337000 $296000 Sales Units for Product A is 444000, for Product B is 666000 and for product C 355200 General fixed costs, which are apportioned to products as a percentage sales are budgeted at $1668000. Required: (Recalculate the budgeted profit of X Ltd. On the assumption that product C is discontinued, with no effect on sales of the other two products. State and justify other…Assume that a company provided the following excerpts of information from its flexible budget performance report: Flexible Planning Actual Results Budget 52 Flights (q) Expenses: Wages and salaries ($4,000+ $88.00g) What is the activity variance for wages and salaries expense? Multiple Choice O $176 U $176 F $66 F $66 U $ 8,510 Budget ? ? ? $ 8,400ABC Bus Lines runs a series of bus routes. A new route is being planned for next year. The Sales Manager says the range of passengers would be: 20,000 Conservative Estimate 40.000 Optimistic Estimate $26.00 Ticket Price The controller provides the following information: $6.00 Fuell $6.00 Driver $2.00 Selling $1.00 Admin $15.00 $100,000 Facility Overhead (Regardless of Number of Trips). $50,000 Selling & Administration (Regardless of Number of Trips) Instructions Assume the first-year results were: 22,450 Passengers. $538,800-Revenue $123,475-Fuel
- Given the following information, determine the activity rate for setups. Activity Total Activity-Base Usage Budgeted Activity Cost Setups 9,900 $60,300 Inspections 24,900 $130,000 Assembly (dlh) 76,600 $389,000 a.$5.08 b.$6.09 c.$5.22 d.$5.20Craftmore Machining reports the following budgeted overhead cost and related data for this year. Budgeted Cost Activity Cost Driver Activity Assembly Product design $ 390,000 Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) 60,000 20,000 Budgeted Activity Usage 13,000 1,000 10,000 400 Electricity 50,000 Setups $ 520,000 Setup Total Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. 2. Job 31 used 200 direct labor hours and Job 42 used 480 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. 3. Compute an activity rate for each activity using activity-based costing. 4. Allocate overhead costs to Job 31 and Job 42 using activity-based costing. Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setups Required 1 Required 2 Activity Usage Job 31 200 26 50 4 Numerator Denominator Job 42 Complete…Problem 4: PERT Cost A project requires these activities to be completed and the table below shows the expected time and budgeted cost for each activity. The complete budget using ES times. Suppose the project is on its 10th week. Using this information, determine if the project is on track given that: Activity A is 100% done with a cost of $1,800 Activity B is 100% done with a cost of $6,000 Activity C is 80% done with a cost of $6,000 Activity D is 100% done with a cost of $8,500 Activities E and F have not been started Your assessment of the project including a recommended strategy on the next steps.
