ItemCar audio equipmentSpeakersStereosAmplifiersSubwoofersSecurity equipmentAlarmsLocksCamerasBinocular equipmentTripodsStabilizersTotalUnits345260326204Per Unit185170Cost480 150.0029193.00212 310.00Market$90.00 $ 98.00111.00100.0086.0095.0052.0041.00125.0084.00322.0070.0084.0097.00 105.00CostTotal$ 31,050 $ 33,81028,86026,00028,03630,97010,6088,36472,00027,06365,720Market12,95016,49060,00024,44468,26415,54017,850LCM applied to:IndividualItems$90110

LCM = Lower of cost or market valueThe lower of cost or market rule states that a organization must…

Item Car audio equipment Speakers Stereos Amplifiers Subwoofers Security equipment Alarms Locks Cameras Binocular equipment Tripods Stabilizers Total Units 345 260 326 204 480 291 212 185 170 Per Unit Cost $ 90.00 111.00 86.00 52.00 150.00 93.00 310.00 Market $98.00 100.00 95.00 41.00 125.00 84.00 322.00 70.00 84.00 97.00 105.00 Cost Total $ 31,050 $ 33,810 28,860 26,000 28,036 30,970 10,608 8,364 72,000 27,063 65,720 Market 12,950 16,490 60,000 24,444 68,264 15,540 17,850 LCM applied to: Individual Items $ 90 110

Item Car audio equipment Speakers Stereos Amplifiers Subwoofers Security equipment Alarms Locks Cameras Binocular equipment Tripods Stabilizers Total Units 345 260 326 204 480 291 212 185 170 Per Unit Cost $ 90.00 111.00 86.00 52.00 150.00 93.00 310.00 Market $98.00 100.00 95.00 41.00 125.00 84.00 322.00 70.00 84.00 97.00 105.00 Cost Total $ 31,050 $ 33,810 28,860 26,000 28,036 30,970 10,608 8,364 72,000 27,063 65,720 Market 12,950 16,490 60,000 24,444 68,264 15,540 17,850 LCM applied to: Individual Items $ 90 110

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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Simplifying the ABC System: Approximately Relevant ABC Systems Patterson Company produces wafers for integrated circuits. Data for the most recent year are provided: Activity Inserting and sorting process activities: Expected Consumption Ratios Driver Wafer A Wafer B 1 Developing test programs $ 50,000 Engineering hours 0.25 0.75 Making probe 2. 60,000 Development hours 0.10 0.90 cards Testing products 600,000 Test hours 0.60 0.40 Setting up 4. 135,000 Number of batches 0.55 0.45 batches Engineering Number of change 5. 90,000 0.15 0.85 design orders Handling wafer 6. 300,000 Number of moves 0.45 0.55 lots 7. Inserting dies 700,000 Number of dies 0.70 0.30 Procurement process activities: Purchasing Number of 8. 400,000 0.20 0.80 materials purchase orders Unloading 9. 60,000 materials Number of receiving orders 0.35 0.65 Inspecting 10. 75,000 Inspection hours 0.65 0.35 materials 11. Moving materials 500,000 Distance moved 0.50 0.50 12. Paying suppliers 30,000 Number of invoices 0.30 0.70…
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d Al Mamari وضع التوافق تم الحفظ - BAAC3204 Cost Accounting 2- Practical Assignment Clale مراسلات bubri أبجد هوز أيجد هوز أيجد هوز =、三 A。 و استبدال Ssle 1 blait A clock manufacturing company expected that standard direct material cost per unit will be $ 150, standard labour cost per hour will be $20 , standard variable overhead cost is $15 per hour . standard fixed cost is $125000. Total hours required for producing are 12 hours. Expected number of producing is 3000 Then standard cost of the company -
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