QUESTION: A ASSUME THAT MANUFACTURING OVERHEAD FOR GLASSMAN COMPANY IN THE PREVIOUS EXERCISE CONSISTED OF THE FOLLOWING ACTIVITIES AND COSTS: SETUP (1,000 SETUP HOURS)... PRODUCTION SCHEDULING (400 BATCHES).. PRODUCTION ENGINEERING (60 CHANGE ORDERS). SUPERVISION (2,000 DIRECT LABOR HOURS) MACHINE MAINTENANCE (12,000 MACHINE HOURS) TOTAL ACTIVITY COSTS... $146,000 .60,000 ...90,000 56,000 ..96,000 $460,000 THE FOLLOWING ADDITIONAL DATA WERE PROVIDED FOR JOB 845: DIRECT MATERIALS COSTS.. .$8,000 DIRECT LABOR COST (5 MILLING DIRECT LABOR HOURS; 35 FINISHING DIRECT LABOR HOURS)...$1,000 SETUP HOURS.. PRODUCTION SCHEDULING .5 HOURS 1 BATCH MACHINE HOURS USED (25 MILLING MACHINE HOURS; 5 FINISHING MACHINE HOURS) PRODUCTION ENGINEERING. .30 HOURS .3 CHANGE ORDERS CALCULATE THE COST PER UNIT OF ACTIVITY DRIVER FOR EACH ACTIVITY COST CATEGORY.

Q: How do you calculate contribution margin?

A: The contribution margin can be calculated by deducting the variable cost from the sales revenue.

Q: Distinguish between Period cost and Product cost? Give two examples of each cos

A: Classification of costs on the basis of functions:- 1. Product Cost 2. Period Cost

Q: Weighted-average unit cost

A: Weighted average unit cost is the per unit cost which is calculated dividing the total value of…

Q: Define initial direct costs.

A: Initial direct cost: A cost that is incurred during the process of initiating the agreement of lease…

Q: how do I find direct cost per unit

A: Direct Cost A direct cost is a price that is directly associated with the production of particular…

Q: Define product cost

A: Direct costs is referred to as the cost which can be traceable to a product directly. Example,…

Q: What are the formulas for: 1. Contribution Cost 2. Break even cost

A: Cost refers to the expense that is incurred for making the goods or providing services by the…

Q: A total cost equation can be used to predict future costs for various activity levels. Write the…

A: Concept The total cost is the sum of variable cost and fixed cost incurred For example if variable…

Q: Assign costs to unitsusing the weighted-averagemethod.

A: Cost:   It refers to the economic value incurred by an organization for manufacturing a product or…

Q: What is the relationship between total carrying cost and totalordering cost at the EOQ?

A: It indicates an inverse relationship between the cost of ordering and the cost of holding at…

Q: calculate the percentages? And how did you calculate the cumulative costs

A: In Order to calculate the cost associated all the cost that are associated or added up any order to…

Q: costs that change proportionately according to the changes in the cost driver.......

A: variable costs are the costs that change according to the changes in the cost drivers or changes…

Q: Define variable cost and fixed cost. Give an example of each?

A: Variable Cost: Variable cost refers the cost which varies due to the change in the level of…