Little League, Inc. makes two kinds of Number of units sold Sales price per unit Direct materials per unit Direct labor dollars per unit Cutting machine-hours per unit Direct labor-hours per unit Pro 65,000 10,000 Beginner $65 $100 $10 $30 0.50 1.00 2.00 3.00 $20 $45 Little League is considering the use of activity-based costing, although it currently uses traditional (simple) costing (meaning it uses just one pool of overhead costs and one allocation base). Little League is doing some analysis at year-end to see which costing method is best. Little League incurred total overhead costs for the year of $615,000, with direct labor-hours as the only allocation base. Using traditional costing (using only one overhead rate), what is the total cost (direct materials, direct labor and overhead costs) of each Beginner baseball glove? $48.20 $56.40 $47.68 $43.84

Little League, Inc. makes two kinds of Number of units sold Sales price per unit Direct materials per unit Direct labor dollars per unit Cutting machine-hours per unit Direct labor-hours per unit Pro 65,000 10,000 Beginner $65 $100 $10 $30 0.50 1.00 2.00 3.00 $20 $45 Little League is considering the use of activity-based costing, although it currently uses traditional (simple) costing (meaning it uses just one pool of overhead costs and one allocation base). Little League is doing some analysis at year-end to see which costing method is best. Little League incurred total overhead costs for the year of $615,000, with direct labor-hours as the only allocation base. Using traditional costing (using only one overhead rate), what is the total cost (direct materials, direct labor and overhead costs) of each Beginner baseball glove? $48.20 $56.40 $47.68 $43.84

Name: Little League, Inc. makes two kinds of baseball gloves-the Beginner a
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Little League, Inc. makes two kinds of baseball gloves-the Beginner and the Pro. Below is some relevant information for the past year (unit means one baseball glove):ProBeginner65,000 10,000$65 $100$10$20$30$450.501.002.00 3.00Number of units soldSa

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

Conspicuous Limo uses activity-based costing for its two models of stretch Hummer limousines: Big and Too Big. There are three activity cost pools related to production, with estimated costs and expected activity as follows: Amount of Activity Activity Cost Pool Estimated Cost Activity cost driver Big Too Big Fabrication $181,500 Labor hours 600 500 Painting $650,000 Machine hours 1,600 300 Finishing $2,750,000 Units 470 530 What are the activity rates for fabrication and painting?
Thermal Rising, Incorporated, makes paragliders for sale through specialty sporting goods stores. The company has a standard paraglider model, but also makes custom-designed paragliders. Management designed an activity - based costing system with the following activity cost pools and activity rates: Activity Cost Pool Activity Rate Supporting direct labor $ 22 per direct labor-hour Order processing $ 198 per order Custom design processing $ 252 per custom design Customer service $ 428 per customer Management wants to calculate the profitability of a particular customer, Big Sky Outfitters, which ordered the following products over the last 12 months: Standard Model Custom Design Number of gliders 11 2 Number of orders 22 Number of custom designs 02 Direct labor-hours per glider 27.50 32.00 Selling price per glider $1,825 $2,490 Direct materials cost per glider $ 452 $ 570 The company's direct labor rate is $16 per hour. what is the customer margin?
Julio produces two types of calculator, standard and deluxe. The company is currently using a traditional costing system with machine hours as the cost driver but is considering a move to activity-based costing. In preparing for the possible switch, Julio has identified two cost pools: materials handling and setup. The collected data follow: Standard Model Deluxe Model Number of machine hours 25,800 30,800 Number of material moves Number of setups 590 890 70 540 Total estimated overhead costs are $347,100, of which $170,200 is assigned to the material handling cost pool and $176,900 is assigned to the setup cost pool. Required: 1. Calculate the overhead assigned to each product using the traditional cost system. 2. Calculate the overhead assigned to each product using ABC.
Nutterco, Inc., produces two types of nut butter: peanut butter and cashew butter. Of the two,peanut butter is the more popular. Cashew butter is a specialty line using smaller jars and fewerjars per case. Data concerning the two products follow: Annual overhead costs are listed below. These costs are classified as fixed or variable with respect to the appropriate activity driver. Required:1. Prepare a traditional segmented income statement, using a unit-level overhead rate based ondirect labor hours. Using this approach, determine whether the cashew butter product lineshould be kept or dropped.2. Prepare an activity-based segmented income statement. Repeat the keep-or-drop analysisusing an ABC approach.
Smart Stream Inc. uses the total cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 8,000 units of cellular phones are as follows: Variable costs: Fixed costs: Direct materials $ 87 per unit Factory overhead $349,300 Direct labor 40 Selling and admin. exp. 122,700 Factory overhead 26 Selling and admin. exp. 21
The answer is given, all i need is solution
s
I want the correct answer with problem with solution
1.
Give me answer