Max Inc. has provided the following data from its activity-based system: Activity Cost Total Cost Total Activity Designing $378,100 product 6,360 product design hours Setting up $52,678 7366 batch set-ups batches Assembling $25,122 4,018 assembly hours products The activity rate for the "designing products" activity cost pool is
Q: Ras corporation issued a one year....accounting questions
A: Step 1:Interest expenses will be recorded for 31 December 2010 is from September to December 2010.…
Q: Johansen company has the following estimated..accounting questions
A: Step 1: Define Overhead applicationOverhead are applied in production normally based on standard set…
Q: Calculate this financial accounting Question
A: Explanation of Earnings Per Share (EPS): EPS is a financial metric that measures a company's net…
Q: Find out what is the total amount to financial accounting Problem
A: Explanation of Standard Boxes: Standard boxes refer to a category of paper boxes that are offered at…
Q: Answer in step by step with explanation. Don't use Ai.
A: Hello student! To determine the budgeted cash collections and cash payments, we must focus on the…
Q: Hello expart Provide answer this general accounting question
A: Step 1: Define Shareholders EquityShareholders equity refers to the portion of the total assets of…
Q: Solve these general accounting issue and give correct answer
A: Step 1: Define Stockholders' EquityThe account of stockholders' equity shows what value owners can…
Q: 5 Accounting
A: Step 1: Material price variance and material quantity variance:- i) Material price variance =…
Q: Hi expert please give me answer general accounting
A: Step 1: Define Operating Cash FlowThere are various ways in which operating cash flow can be…
Q: I want to correct answer accounting
A: Step 1: Define Cost AllocationThe costs of the service departments are allocated to other…
Q: short answer please
A: Step 1:Gross margin is (Gross profit/ sales)*100 = Gross profit= ( sales - cost of goods sold) Step…
Q: Please solve this accounting question don't use ai
A: Initial Investment = $1,500Net Present Value (NPV) = $400Internal Rate of Return (IRR) = 9%Present…
Q: PLEASE HELP ME WITH THIS ACCOUNTING PROBLEM! FILL ALL CELLS NECESSARY ONLY THE ONES NECESSARY
A: Step 1: Calculate Annual DepreciationStep 2: Calculate Accumulated Depreciation for 6…
Q: Answer
A: Proceed with the following procedures in order to compute the supply variance:The formula is:The…
Q: Please provide correct answer this question general accounting
A: Step 1: Define Absorption CostingAbsorption costing is a costing method that generally accepted…
Q: Provide answer
A: Explanation of Prior Period Adjustment:A prior period adjustment refers to corrections made to…
Q: Verna makes all sales on..accounting questions
A: Step 1: Define Accounts ReceivableIn the context of accounting, some goods may be sold in cash and…
Q: Please provide correct answer general accounting
A: Step 1: Define Closing CostAn individual who pays closing costs on a real estate transaction will…
Q: Economic profit = Operating profit - Capital charge Assume the following Information for a hotel…
A: Hope this helps
Q: problem : financial accounting
A: Explanation of Relative Reliability Principle: The relative reliability principle is a fundamental…
Q: Please need answer the accounting question not use chatgpt
A: Return on Assets (ROA) = (Net Income / Average Total Assets) x 100% Average Total Assets =…
Q: Accounting question
A: Step 1: Define Return On EquityOne of the profitability ratios is the return on equity. It evaluates…
Q: Problem 13-53 (LO 13-1) (Static) Haley has an annual salary of $1,000,000 in 2021, 2022, and 2023.…
A: We determine the minimum number of years of service that would maximize Haley's benefit under the…
Q: Need help with this accounting question
A: Step 1: Define Stockholders' EquityThe stockholders' equity represents the net worth of the company,…
Q: I want to correct answer general accounting
A: To calculate the Return on Assets (ROA) for the year 2015, follow these steps:Formula for Return on…
Q: Give answer this general accounting question
A: Step 1: Define Absorption CostingAbsorption costing is also known as full costing because it…
Q: Oriole Corporation Comparative Balance Sheets December 31 2027 2026 Cash $15,300 $11,300 Accounts…
A:
Q: Accounting problem, help me
A: Explanation of Beginning Inventory: Beginning inventory represents the value of merchandise on hand…
Q: Find out what is the total ticket revenue
A: Explanation of Revenue: Revenue represents the total amount of money earned from selling goods or…
Q: Please need help this financial accounting question
A: Step 1: Define Notes PayableNotes Payable is a type of debt or liability evidenced by issuance of…
Q: Give me answer
A: Explanation of Prior Period Error: Prior period errors are omissions or misstatements in an entity's…
Q: I want to correct answer general accounting
A: Step 1: Profitability IndexThe present value of cash flows divided by the investment cost equals the…
Q: PLEASE HELP ME WITH THIS ACCOUNTING PROBLEM!
A: To compute the depreciation expense for the specified methods, we must first calculate the machine's…
Q: Please give me answer Accounting
A: Step 1: Define Key VariablesStep 2: Calculate Medicaid RevenueStep 3: Calculate Private Pay…
Q: Answer please
A: Step 1:Total Waste cost will be the sum of the defective bottle costs and damaged label costs. Step…
Q: Following the accounting concept of a business combination, a business combination occurs when…
A: Detailed explanation:a. control over the entity, irrespective of the percentage owned.A business…
Q: Need help with this question solution general accounting
A: Explanation: In the given case, we are required to calculate the Return on Assets (ROA) from the…
Q: Multiple Choice Question : General accounting
A: Option a: This option is correct because the accounting cycle represents the financial performance…
Q: Need help with this question solution general accounting
A: Step 1: Define Absorption CostingThe absorption costing method considers the fixed manufacturing…
Q: Accounting
A: Step 1: Define Variable CostingThe variable costing method is used to prepare an income statement by…
Q: Give true answer this general accounting question
A: Step 1: Define Standard CostStandard costing is the process of applying estimated cost to determine…
Q: Hello tutor please provide this question answer general accounting
A: Acid test ratio = Quick assets / Current Liabilities Compute the quick assets.Quick assets = Cash +…
Q: The level of inventory of...accounting questions
A: Step 1: Define Absorption costingAbsorption costing is the accounting method where all the…
Q: I need answer Accounting question
A: Step 1: Define Return on AssetsReturn on assets is an efficiency ratio that indicates how much…
Q: RedRock Manufacturing
A: Explanation of Raw Material Purchase Cost: Raw material purchase cost refers to the total expense…
Q: Fill all cells. PLEASE HELP ME WITH THIS ACCOUNTING PROBLEM!
A: a) Compute Composite Depreciation RateStep 1: Calculate Annual Depreciation for Each AssetAsset A:…
Q: Provide correct answer the general accounting question answer do fast
A: Step 1: Define TurnoverThe turnover ratio measures the worth of sales or revenues compared to the…
Q: Saro Corporation's stockholders' equity at December 31, 2013 included the following:6% Preferred…
A: The total stockholders' equity of Saro Corporation is given as $19,000,000. This includes preferred…
Q: What is the correct accounting treatment for...
A: Explanation of Self-Constructed Fixed Assets: Self-constructed fixed assets are long-term assets…
Q: Accounting question
A: Step 1: Define DividendsA dividend is a payout of assets to shareholders as a reward for investment…
Need help with this question solution general accounting
Step by step
Solved in 2 steps
- Larsen, Inc., produces two types of electronic parts and has provided the following data: There are four activities: machining, setting up, testing, and purchasing. Required: 1. Calculate the activity consumption ratios for each product. 2. Calculate the consumption ratios for the plantwide rate (direct labor hours). When compared with the activity ratios, what can you say about the relative accuracy of a plantwide rate? Which product is undercosted? 3. What if the machine hours were used for the plantwide rate? Would this remove the cost distortion of a plantwide rate?Maxx Inc. has provided the following data from its activity-based costing system: Activity Cost Pools Total Cost Total Activity Designing products $378,400 6,370 product design hours Setting up batches $52,678 7,366 batch set-ups Assembling products $25,122 4,018 assembly hours The activity rate for the "designing products" activity cost pool is: Round to two decimal placesAngara Corporation uses activity - based costing to determine product costs for external financial reports. The company has provided the following data concerning its activity - based costing system: Activity Cost Pool (and Activity Measure) Total Cost Machine related (machine - hours) $ 168, 300 Batch setup (setups) $ 721, 600 Order size (direct labor - hours) $ 138, 000 Activity Cost Pools Total Activity Product X Product Y Total Machine related 1,800 9,200 11,000 Batch setup 4,100 6, 900 11,000 Order size 7, 000 5,000 12,000 The total amount of overhead cost allocated to Product X would be closest to: Note: Do not round your intermediate calculations. Multiple Choice $ 377,000 $721,600 $349, 460 $650, 900
- Kingcade Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours Wait time 18.3 Process time 1.1 Inspection time 0.1 Move time 2.0 Queue time 9.1 The manufacturing cycle efficiency (MCE) was closest to:The pool rate is defined as the cost per unit of the cost driver for a particular activity cost pool. Group of answer choices True False Rocket Products 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. Activity Cost Cost Driver Material handling $ 225,000 Number of parts Material insertion 2,475,000 Number of parts Automated machinery 840,000 Machine hours Finishing 170,000 Direct labor hours Packaging 170,000 Orders shipped Total $ 3,880,000 The following information pertains to the three product lines for next year: Economy Standard Deluxe Units to be produced 10,000 5,000 2,000 Orders to be shipped 1,000 500 200 Number of parts per unit 10 15 25 Machine…The company is considering using a two-stage cost allocation system and wants to assess the effects on reported product profits. The company is considering using Engineering Hours and Users as the allocation base. Additional information follows. Toot! TiX Total Engineering hours 7,650 5,650 13,300 Users 9,500 17,100 26,600 Engineering – hour related administrative cost $ 114,380 User-related administrative cost $…
- Your Company has two products: A and B. The company uses activity-based costing. The estimated total cost and expected activity for each of the company's three activity cost pools are as follows: Estimated Expected Activity Activity Cost Pool Cost Product A Product B Total Machine related $17,600 700 300 1,000 MH Batch setup $32,600 600 200 800 Setups Other $52,500 900 500 1,400 DLH What is the activity rate under the activity-based costing system for Batch setups? Group of answer choices $54.33 $40.75 $40.75 per Setup $16.30 $16.30 per Setup $54.33 per SetupForner, Inc., manufactures and sells two products: Product Z1 and Product Z8. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Expected Activity Estimated Activity Overhead Activity Cost Pools Measures Cost Product Z1 Product Z8 Total Labor-related $ 124,400 6,000 DLHS 3,000 9,000 Machine setups setups 58,660 700 600 1,300 Order size MHs 917,480 3,800 3,000 6,800 $1,100,540 The activity rate for the Order Sıze activity cost pool under activity-based costing is closest to: Multiple Cholce $59.53 per MH $193.87 per MH $143.55 per MH $134.92 per MHPanamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below. Procurement Scheduling Materials handling Product development Production Activity Cost Activity Base $365,600 Number of purchase orders 245,100 Number of production orders 411,700 Number of moves 716,200 Number of engineering changes 1,470,000 Machine hours Disk drives Tape drives Wire drives Number of Number of Number Number of Production of Engineering Orders Moves Changes Purchase Orders 1,310 620 4,200 The activity rate for the scheduling activity cost pool is Oa. $20.55 per production order Ob. $61.00 per production order Oc. $238.18 per production order Od. $159.67 per production order 4,090 2,100 11,600 370 175 990 10 7 27 Machine Hours 2,500 9,600 12,000 Number of Units 2,200 3,800 2,700 Previous Next
- 1. Olsen, Inc., manufactures a product that experiences the following activities (in hours): Processing (two departments) 42.0; Inspecting 2.8; Rework 7.0; Moving (three moves) 11.2; Waiting (for the second process) 33.6; Storage (before delivery to customer) 43.4. Compute the MCE for this productPanamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below. Activity Cost Activity Base Procurement $309,800 Number of purchase orders Scheduling 207,900 Number of production orders Materials handling 427,200 Number of moves Product development 787,800 Number of engineering changes Production 1,508,300 Machine hours Number ofPurchaseOrders Number ofProductionOrders NumberofMoves Number ofEngineeringChanges MachineHours NumberofUnits Disk drives 3,930 330 1,340 11 1,800 1,800 Tape drives 2,400 165 710 4 8,100 3,600 Wire drives 13,000 700 4,400 20 10,400 2,100 The activity-based cost for each disk drive unit is a.$878.32 b.$16.03 c.$328.05 d.$223.91Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below. Procurement Scheduling Materials handling Product development Production Disk drives Tape drives Wire drives Activity Cost $378,400 221,900 402,900 770,700 Number of engineering changes 1,402,800 Machine hours Number of Purchase Orders Activity Base Number of purchase orders Number of production orders Number of moves 4,160 2,100 11,100 Production Orders Number of Number of Moves 250 175 1,200 540 860 4,300 The activity rate for the materials handling cost pool is Oa. $63.76 per move Ob. $21.8 per move Oc. $172.68 per move Od. $66.71 per move Number of Engineering Machine Changes Hours 15 2,500 5 9,200 10,300 27 Number of Units 1,600 4,300 2,000
