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Grand Chocolate Inc. is a producer of premium chocolate based in Palo Alto. Grand Chocolate Inc. decides to examine the effect of using the dual-rate method for allocating truck costs to each round-trip. (Click the icon to view the cost information for 2020.) i (Click the icon to view additional information.) For 2020, the trucking fleet had a practical capacity of 45 round-trips between the Palo Alto plant and the two suppliers. It recorded the following information: Read the requirements. (Click the icon to view the budget and actual data.) Requirement 1. Using the dual-rate method, what are the costs allocated to the dark chocolate division and the milk chocolate division when (a) variable costs are allocated using the budgeted rate per round-trip and actual round-trips used by each division and when (b) fixed costs are allocated based on the budgeted rate per round-trip and round-trips budgeted for each division? - X Dark chocolate Milk chocolate Data table Variable costs Fixed costs A B Total costs C Budgeted Actual $ 101,250 $80,000 X 2 Costs of truck fleet Data table Number of round-trips for dark chocolate division 3 (Palo Alto plant - Wisconsin) 30 30 Number of round-trips for milk chocolate division (Palo Alto plant - Louisiana) 15 10 4 At the start of 2020, the budgeted costs were Variable cost per round-trip Fixed costs $ 1,550 $ 31,500 The actual results for the 40 round-trips made in 2020 were Print Done Variable cost $ 59,000 21,000 Fixed costs $ 80,000 Total Check answer Help me solve this Ete Clear all

Grand Chocolate Inc. is a producer of premium chocolate based in Palo Alto. Grand Chocolate Inc. decides to examine the effect of using the dual-rate method for allocating truck costs to each round-trip. (Click the icon to view the cost information for 2020.) i (Click the icon to view additional information.) For 2020, the trucking fleet had a practical capacity of 45 round-trips between the Palo Alto plant and the two suppliers. It recorded the following information: Read the requirements. (Click the icon to view the budget and actual data.) Requirement 1. Using the dual-rate method, what are the costs allocated to the dark chocolate division and the milk chocolate division when (a) variable costs are allocated using the budgeted rate per round-trip and actual round-trips used by each division and when (b) fixed costs are allocated based on the budgeted rate per round-trip and round-trips budgeted for each division? - X Dark chocolate Milk chocolate Data table Variable costs Fixed costs A B Total costs C Budgeted Actual $ 101,250 $80,000 X 2 Costs of truck fleet Data table Number of round-trips for dark chocolate division 3 (Palo Alto plant - Wisconsin) 30 30 Number of round-trips for milk chocolate division (Palo Alto plant - Louisiana) 15 10 4 At the start of 2020, the budgeted costs were Variable cost per round-trip Fixed costs $ 1,550 $ 31,500 The actual results for the 40 round-trips made in 2020 were Print Done Variable cost $ 59,000 21,000 Fixed costs $ 80,000 Total Check answer Help me solve this Ete Clear all

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Grand Chocolate Inc. is a producer of premium chocolate based in Palo Alto. (Click the icon to view additional information.) Grand Chocolate Inc. decides to examine the effect of using the dual-rate method for allocating truck costs to each round-trip. (Click the icon to view the cost information for 2020.) For 2020, the trucking fleet had a practical capacity of 45 round-trips between the Palo Alto plant and the two suppliers. It recorded the following information: Read the requirements. (Click the icon to view the budget and actual data.) Requirement 1. Using the dual-rate method, what are the costs allocated to the dark chocolate division and the milk chocolate division when (a) variable costs are allocated using the budgeted rate per round-trip and actual round-trips used by each division and when (b) fixed costs are allocated based on the budgeted rate per round-trip and round-trips budgeted for each division? X Dark chocolate Milk chocolate Data table Variable costs Fixed costs A B Total costs C Budgeted Actual 1 X $ 101,250 $ 80,000 Data table 2 Costs of truck fleet Number of round-trips for dark chocolate division 3 (Palo Alto plant - Wisconsin) Number of round-trips for milk chocolate division 4 (Palo Alto plant - Louisiana) 30 30 15 10 At the start of 2020, the budgeted costs were Variable cost per round-trip $ 1,550 Fixed costs $ 31,500 The actual results for the 40 round-trips made in 2020 were Print Done Variable cost $ 59,000 21,000 Fixed costs $ 80,000 Total Help me solve this Check answer Ete Clear all
Transcribed Image Text:Grand Chocolate Inc. is a producer of premium chocolate based in Palo Alto. (Click the icon to view additional information.) Grand Chocolate Inc. decides to examine the effect of using the dual-rate method for allocating truck costs to each round-trip. (Click the icon to view the cost information for 2020.) For 2020, the trucking fleet had a practical capacity of 45 round-trips between the Palo Alto plant and the two suppliers. It recorded the following information: Read the requirements. (Click the icon to view the budget and actual data.) Requirement 1. Using the dual-rate method, what are the costs allocated to the dark chocolate division and the milk chocolate division when (a) variable costs are allocated using the budgeted rate per round-trip and actual round-trips used by each division and when (b) fixed costs are allocated based on the budgeted rate per round-trip and round-trips budgeted for each division? X Dark chocolate Milk chocolate Data table Variable costs Fixed costs A B Total costs C Budgeted Actual 1 X $ 101,250 $ 80,000 Data table 2 Costs of truck fleet Number of round-trips for dark chocolate division 3 (Palo Alto plant - Wisconsin) Number of round-trips for milk chocolate division 4 (Palo Alto plant - Louisiana) 30 30 15 10 At the start of 2020, the budgeted costs were Variable cost per round-trip $ 1,550 Fixed costs $ 31,500 The actual results for the 40 round-trips made in 2020 were Print Done Variable cost $ 59,000 21,000 Fixed costs $ 80,000 Total Help me solve this Check answer Ete Clear all
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