Quality Motors has an inspection cost pool of $80,000. The company produces two types of vehicles: sedans (300 inspections) and SUVs (500 inspections). How much of the inspection cost pool should be assigned to sedans? a) $30,000 b) $32,000 c) $40,000 d) $48,000
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- One of Anfa Company's activity cost pools is inspecting, with an estimated overhead (OH) of $155,000. It produces throw rugs (820 inspections) and area 'rugs (1,180 inspections). How much $$ OH should be assigned to throw rugs inspections? A) $35,000 B) $50,000 C) $63,550 D) $100,000One of Anfa Company's activity cost pools is inspecting, with an estimated overhead (OH) of $155,000. It produces throw rugs (820 inspections) and area rugs (1,180 inspections). How much $$ OH should be assigned to throw rugs inspections?Lally, Inc. produces universal remote controls. Lally uses a JIT costing system. One of the company's products has a standard direct materials cost of $9 per unit and a standard conversion cost of $35 per unit. During January 2018, Lally produced 500 units and sold 495 units on account at $45 each. It purchased $4,800 of direct materials on the account and incurred actual conversion costs totaling $14,000. Requiremets : 1. Prepare summary jounal entries for January. 2. The January 1, 2018, balance of the Raw and In-Process inventory account was $70. Use a T - account to find the January 31 balance. 3. Use a T - account to determine wheither conversion costs are overallocated or unerallocated for the month. By how much? Prepare the journal entry to adjust the Conversion Costs account.
- One of Anfa Company's activity cost pools is inspecting, with an estimated overhead (OH) of $155,000. It produces throw rugs (820 inspections) and area 'rugs (1,180 inspections). How much $$ OH should be assigned to throw rugs inspections? A) $35,000 B) $50,000 C) $63,550 D) $100,000 answer?Cariman Company manufactures and sells three styles of door Handles: Gold, Bronze and Silver. Production takes 50, 50, and 20 machine hours to manufacture 1,000-unit batches of Gold, Bronze, and Silver Handles, respectively. The following additional data apply: Projected sales in units Per Unit data: Gold Bronze Silver 60,000 100,000 80,000 2. Determine the activity cost driver rate for setup costs and inspection costs? 3. Using the ABC system, for the Gold style of Handle: a. Calculate the estimated overhead costs per unit? b. Calculate the estimated operating profit per unit? 4. Explain the difference between the profits obtained from the traditional system and the ABC system. Which system provides a better estimate of profitability? Selling price $80 $40 $60 Direct materials $16 $8 $16 Direct labour $30 $6 $18 Overhead cost based on direct labour hours (traditional system) $24 $6 $18 Hours per 1,000-unit batch: Direct labour hours Machine hours Setup hours Inspection hours 80 20 60…Zachary manufacturing company makes tents that it sells directly to camping enthusiasts through a mail-order marketing program. The company pays a quality control expert $121600 per year to inspect completed tents before they are shipped to customers. assume that the company completed 1,530 tents in January and 1,240 tents in February. For the entire year, the company expects to produce 19000 tents. required c) If the cost objective is to determine the cost per tent, is the expert's salary a direct or an indirect cost? D) How much of the expert's salary should be allocated to tents produced in January and February? If the cost objective is to determine the cost per tent is the expert's salary a direct or an indirect cost?
- Shortt Company has been approached by a customer who is offering a one-time-only special order to buy 4,000 units of a customer- designed part. Each one of these parts requires 4 units of raw material A10 and 4 units of raw material C70. Data concerning these twe raw materials follow: A10 C70 Units in Raw Materials: Inventory 1,800 Raw Materials Inventory $ 5.50 Cost Per Unit in Current Market Disposal Value $ 6.00 Per Unit $ 2.00 $ 2.50 14,000 Price Per Unit $ 6.50* $ 7.00 The current market price per unit mentioned above reflects the prices currently charged by Shortt Company's raw materials supplier. The disposal value per unit mentioned above reflects the price that a recycling company would pay Shortt to purchase any unused raw materials that it wishes to liquidate. Material A10 is used by many of the company's products and is routinely replaced. Material C70 is no longer used by the company in any of its normal products. Required: 1. What is the relevant cost of the raw materials…Jungle Junior Company manufactures and sells outdoor play equipment. Jungle Junior usesactivity-based costing to determine the cost of the sales order processing and the customerreturn activity. The sales order processing activity has an activity rate of $20 per sales order, andthe customer return activity has an activity rate of $100 per return. Jungle Junior sold 2,500swing sets, which consisted of 750 orders and 80 returns. Determine (a) the total and (b) theper-unit sales order processing and customer return activity cost for swing sets.One of anfa company's activity cost pools is inspecting, with an estimated overhead (OH) of $100,000.
- Adams Furniture receives a special order for 10 sofas for a special price of $5,200. The direct materials and direct labor for each sofa are $100. In addition, supervision and other fixed overhead costs average $120 per sofa. Required: a1. What is the impact on operating income from accepting the special order? a2. Based solely on a short-term financial analysis, should Adams accept the special order? b1. If Adams is currently operating at full capacity, what would be the opportunity cost per unit for lost sales to regular customers if the special sales order is accepted and the selling price per unit on regular sales equals $700? b2. Based solely on a short-term financial analysis, should Adams accept the special order if it is currently operating at full capacity? Complete this question by entering your answers in the tabs below. Req al Req a2 Answer is complete but not entirely correct. Req bl Req b2 If Adams is currently operating at full capacity, what would be the opportunity…Talladega Tire and Rubber Company has capacity to produce 170,500 tires. Talladega presently produces and sells 133,900 tires for the North American market at a price of $179 per tire. Talladega is evaluating a special order from a European automobile company, Autobahn Motors. Autobahn is offering to buy 19,500 tires for $110.95 per tire. Talladega’s accounting system indicates that the total cost per tire is as follows: Direct materials $54 Direct labor 21 Factory overhead (58% variable) 24 Selling and administrative expenses (40% variable) 28 Total $127 Talladega pays a selling commission equal to 5% of the selling price on North American orders, which is included in the variable portion of the selling and administrative expenses. However, this special order would not have a sales commission. If the order was accepted, the tires would be shipped overseas for an additional shipping cost of $7.56 per tire. In addition, Autobahn has made the order conditional on…Stevens Company manufactures electronic components used in automobile manufacturing. Each component uses two raw materials, Geo and Clio. Standard usage of the two materials required to produce one finished electronic component, as well as the current inventory, are shown below. Material Per Unit Geo Clio Standard Price Current Inventory 5,000 pounds 7,500 pounds 2.0 pounds $15/lb. 1.5 pounds $10/lb. Select one: Stevens forecasts sales of 20,000 components for each of the next two production periods. Company policy dictates that 25% of the raw materials needed to produce the next period's projected sales be maintained in ending direct materials inventory. Based on this information, what would the budgeted direct materials purchases for the coming period be? a. Geo- $450,000 Clio- $450,000 b. Geo- $675,000 Clio- $300,000 c. Geo- $825,000 Clio- $450,000 d. Geo- $675,000 Clio- $400,000
