3 ActivityStorageRequisition handlingPick packingData entryBudgetedActivity480, 00046, 000840, 000840, 000Cost DriverCost-Driver Rate3$ 0.6120 /carton/monthCartons in inventoryRequisitionsLinesLinesRequisitionsPer delivery22. 501. 520. 991. 3642.0038, 00016, 000Desktop deliveryFor the month, the division expects to make 10,700 deliveries to deliver 1,070,000 cartons to customers.OFC Company has decided to implement a kaizen (continuous-improvement) program to enhance operational efficiency. After acareful study, management and employees agree that the firm will be able to reduce cost rates for batch-level activities by 2% andunit-level activities (other than Storage) by 1% per month during the first year of the program starting February 2019. The firm hasdecided to delay the implementation of the program for customer-sustaining and facility-level activities until 2020. The firm expectsthe amount of cost-driver usage in each of the next two months to be the same as those in January.Required:1. Identify unit-level and batch-level activities.2. What are the total budgeted costs for each activity and for the division as a whole in February and March?Complete this question by entering your answers in the tabs below.Required 1Required 2What are the total budgeted costs for each activity and for the division as a whole in February and March? (Do not roundintermediate calculations.)Budgeted CostsActivityFebruaryMarchStorageRequisition handlingPick packingData entry-LinesData entry-RequisitionsDesktop deliveryDivisional totals< Required 1Required 2 >

Required 1. Storage Unit level Pick packing Unit level Data entry- Lines Unit level…

OFC Company has decided to implement a kaizen (continuous-improvement) program to enhance operational efficienc careful study, management and employees agree that the firm will be able to reduce cost rates for batch-level activities unit-level activities (other than Storage) by 1% per month during the first year of the program starting February 2019. The decided to delay the implementation of the program for customer-sustaining and facility-level activities until 2020. The i the amount of cost-driver usage in each of the next two months to be the same as those in January. Required: 1. Identify unit-level and batch-level activities. 2. What are the total budgeted costs for each activity and for the division as a whole in February and March? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What are the total budgeted costs for each activity and for the division as a whole in February and March? (Do not round intermediate calculations.) Budgeted Costs Activity February March Storage Requisition handling Pick packing Data entry-Lines Data entry-Requisitions

OFC Company has decided to implement a kaizen (continuous-improvement) program to enhance operational efficienc careful study, management and employees agree that the firm will be able to reduce cost rates for batch-level activities unit-level activities (other than Storage) by 1% per month during the first year of the program starting February 2019. The decided to delay the implementation of the program for customer-sustaining and facility-level activities until 2020. The i the amount of cost-driver usage in each of the next two months to be the same as those in January. Required: 1. Identify unit-level and batch-level activities. 2. What are the total budgeted costs for each activity and for the division as a whole in February and March? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What are the total budgeted costs for each activity and for the division as a whole in February and March? (Do not round intermediate calculations.) Budgeted Costs Activity February March Storage Requisition handling Pick packing Data entry-Lines Data entry-Requisitions

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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Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800
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