Product BOProduct B5Total direct labor-hoursBarkes, Incorporated, manufactures and sells two products: Product BO and Product B5. Data concerning the expected production of each product andthe expected total direct labor-hours (DLHS) required to produce that output appear below:Activity Cost PoolsLabor-relatedProduction orders.Order sizeMultiple ChoiceDirectLabor-ActivityMeasuresDLHSordersMHSExpected Hours PerProduction400500SavedUnit7.04.0The direct labor rate is $22.10 per DLH. The direct materials cost per unit is $288.10 for Product B0 and $118.90 for Product B5.The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity:Expected ActivityEstimatedOverheadCost A Product B0 Product B5$ 136,9442,80050064,629588,2943,300$789,867TotalDirectLabor-< PrevHours2,8002,0004,800GPT: Optimizing Language Models for Dialogue2 of 20MacBook Pro2,0004003,000Total4,8009006,300The total overhead applied to Product B5 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.)HelpNext >Humans and Animals ParallelsपSave & ExitSubmit+88 r FouriLabor-relatedProduction ordersOrder sizeMultiple ChoiceO$ 136,94464,629588,294$ 789,867The total overhead applied to Product B5 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.)оO$280,140$438,815$329,120$365,924M Question 2 - Quiz - Chapter Four - Connecteducation.comDLHSordersMHs< PrevSaved2,8005003,300ChatGPT: Optimizing Language Models for Dialogue2 of 202,0004003,000 6,3004,800900wwwNext >Helpû +88Humans and Animals ParallelsSave & ExitSubmit

Name: Product BO Product B5 Total direct labor-hours Barkes, Incorporated, manufactures and sells two products: Product BO and Product B5. Data concerning the expected production of each…
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Using the activity-based costing (ABC) technique, a group's activities are identified, and the costs…

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Product BO Product B5 Total direct labor-hours Barkes, Incorporated, manufactures and sells two products: Product BO and Product B5. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Activity Cost Pools Labor-related Production orders Order size Multiple Choice Direct Labor- Activity Measures DLHs orders MHS Expected Hours Per Production 400 500 Unit 7.0 4.0 The direct labor rate is $22.10 per DLH. The direct materials cost per unit is $288.10 for Product B0 and $118.90 for Product B5. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Expected Activity Saved Estimated Overhead Cost $ 136,944 64,629 588,294 $789,867 ▸ Total Direct Labor- Hours 2,800 2,000 4,800 Product B0 Product B5 2,800 2,000 500 400 3,300 3,000 Humans and Animals Parallels Total 4,800 900 6,300 Help Save & Exit The total overhead applied to Product B5 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.) Submit

Product BO Product B5 Total direct labor-hours Barkes, Incorporated, manufactures and sells two products: Product BO and Product B5. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Activity Cost Pools Labor-related Production orders Order size Multiple Choice Direct Labor- Activity Measures DLHs orders MHS Expected Hours Per Production 400 500 Unit 7.0 4.0 The direct labor rate is $22.10 per DLH. The direct materials cost per unit is $288.10 for Product B0 and $118.90 for Product B5. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Expected Activity Saved Estimated Overhead Cost $ 136,944 64,629 588,294 $789,867 ▸ Total Direct Labor- Hours 2,800 2,000 4,800 Product B0 Product B5 2,800 2,000 500 400 3,300 3,000 Humans and Animals Parallels Total 4,800 900 6,300 Help Save & Exit The total overhead applied to Product B5 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.) Submit

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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Production and sales (units) Materials cost ($) Labour cost per unit ($) at $12 per hour Machine hours (per unit) Total no. of production runs Total no. of purchase orders Total no. of deliveries to retail division Market/Retail prices Overhead costs: Machine set-up costs ($) Machine maintenance costs ($) Ordering costs ($) Delivery costs ($) Total ($) Product S Product R 3,200 5,450 117 95 9 1 12 64 80 260 total: 6 2 30 82 64 320 306,435 415,105 11,680 144,400 877,620 Rinse @ $241.69 = full cost +10% oll Retail price Rinse: $260 The company's policy is to transfer the washing machines from the assembly division to the retail division at full cost plus 10% resulting in internal transfer prices, of $220.17 and $241.69 for S and R when transferred to the retail division. The retail division sells S for $320 per machine and R for $260 per machine to the market. (a) Use activity based costing to allocate the overheads and recalculate the transfer prices for S and R. (b) Calculate the…
12 Lavender Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A is 1,500 units and of Product B is 3,000 units. There are three activity cost pools, with estimated total cost and expected activity as follows: Expected Activity Activity Cost Pool Estimated Cost Product A Product B Total Activity 1 $10,000 420 350 770 Activity 2 12,000 120 420 540 Activity 3 50,000 490 1,162 1,652 The cost per unit of Product B under activity-based costing is closest to which of the following? Select one: a. $16.35 b. $35.38 c. $24.10 d. $31.90
Identify cost graphsThe following cost graphs illustrate various types of cost behavior: a. Total direct materials costb. Electricity costs of $1,000 per month plus 50.10 per kilowatt-hour c. Per-unit cost of straight-line depreciation on factory equipmentd. Salary of quality control supervisor, 520,000 per monthe. Per-unit direct labor cost
Mercury Bowie Sdn Bhd manufactures two products, the Y and the Z, which have the following standard selling price and standard costs per unit. Y Z RM RM Standard Selling Price 110 118 Direct Materials (RM4 per kg) 32 16 Direct Labour (RM10 per direct labour hour) 60 80 Variables Overhead (RM1 per machine hour) 4 6 During the next accounting period, the availability of resources are expected to be subjects to the following limitations: Direct Materials 3440 kg Direct Labour Hours 2880 hours Machine capacity 2760 hours The marketing department estimated that the maximum sales potential for product Y is limited to 420 units. There is no sales limitation for product Z. You are asked to advise how these limited facilities and resources can best be used so as to gain the optimum benefit from them. Required: 1.Determine by graphical means the optimal mix of Y and Z at Mercury Bowie Bhd Sdn…
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roduct Cost Method of Product Costing MyPhone, Inc., uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,160 units of cell phones are as follows: Variable costs: Fixed costs: Direct materials $90 per unit Factory overhead $199,200 Direct labor 31 Selling and admin. exp. 70,300 Factory overhead 23 Selling and admin. exp. 22 Total variable cost per unit $166 per unit MyPhone desires a profit equal to a 13% rate of return on invested assets of $600,800. a. Determine the amount of desired profit from the production and sale of 5,160 units of cell phones.$fill in the blank 1 b. Determine the product cost per unit for the production of 5,160 of cell phones. If required, round your answer to nearest dollar.$fill in the blank 2 per unit c. Determine the product cost markup percentage (rounded to two decimal places) for cell phones.fill in the blank 3 % d.…
Table 2Activity Cost Pool Total Cost Total ActivityAssembly $ 1,114,920 57,000 machine-hoursProcessing orders $ 47,016 1,800 ordersInspection $ 107,328 1,560 inspection-hours Use Table 2 to answer this question. XYZ Corporation has provided the following data from its activity-based costing system (Table 2). The company makes 430 units of product ABA a year, requiring a total of 1,120 machine-hours, 35 orders, and 40 inspection-hours per year. The product's direct materials cost is $49.81 per unit and its direct labor cost is $12.34 per unit. The product sells for $130 per unit. According to the activity-based costing system, the product margin for product ABA is: Select one: a. $4,290.10. b. $3,815.50. c. none of the given answer. d. $4,159.50. e. $3,602.10.
Question 6: Your company currently produces a range of three products, D, E, and F to which the following details relate for Period 2. D E F Production (units) 1,500 2,500 14,000 Material cost per unit Br. 18 Br. 10 Br. 20 Labor hours per unit 1 3 2 Machine hours per unit 3 2 6 Labor costs are Br. 8 per hour and production overheads are currently absorbed in the conventional system by reference to machine hours. Total production overheads for Period 2 have been analyzed as follows: Set-up cost 327,250 Handling cost 187,000 Machine cost 140,250 Inspection cost 280,500 935,000 Calculate the cost per unit for each product using conventional The introduction of an ABC is being considered and to that end the following volume…
Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Activity data have been supplied for the following two products: Number of units produced per year Direct labor-hours Machine-hours Machine setups Production orders Shipments Product sustaining Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Total overhead cost Activity Rates $9 per direct labor-hour $3 per machine-hour $45 per setup $150 per order $ 130 per shipment $ 875 per product K425 0 $ Total Expected Activity K425 M67 2,000 M67 200 1,000 2,800 Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system? 0 7 7 14 2 50 40 2 NNNN 2
Question: Pat Company uses activity-based costing. The company has two products: A and B. The annual production and sales for Product A is 1,800 units and for Product B it's 1,050 units. There are three activity cost pools, with estimated costs and expected activity as follows: Activities Estimated Expected Activity Overhead Cost Product A Product Total B Activity 1 $46,775 1,300 1,200 2,500 Activity 2 $68,277 2,300 1,000 3,300 Activity 3 $82,502 The overhead cost per unit of Product A under activity-based costing is closest to: 720 700 1,420 A. $139.12 B. $68.28 C. $32.88 D. $63.19