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- 1. Yellow Co has two processes, Y and Z. There is an expected loss of 5% of input in process Y and 7% of input in process Z. Activity during a four week period is as follows. Y Material input (kg) 20,000 Output (kg) 18,500 26,100 Is there an abnormal gain or abnormal loss for each process? Z 28,000 2. 3,000 units of material are input to a process. Process costs are as follows. Material $11,700 Conversion costs $6,300 Output is 2,000 units. Normal loss is 20% of input. Required Prepare a process account and the appropriate abnormal loss/gain account.Shale Remodeling uses time and materials pricing. It reports the following iInformation. Direct labor rate $ 150 per DLH $ 120 per DLH 288 of dairect materials cost Non-materials-related overhead Materials-related overhead Target profit margin (both conversion and direct materials) 208 The time charger per hour of direct labor is: Multiple Choice $288. $333. $324. 204.Subject :- Account
- H1.Thornton Industries has 2,700 defective units of product that already cost $28 each to produce. A salvage company will purchase the defective units as is for $12 each. Thornton's production manager reports that the defects can be corrected for $20 per unit, enabling them to be sold at their regular market price of $28. The $28 per unit is a: Multiple Choice Sunk cost. Opportunity cost. Out-of-pocket cost. Period cost. Incremental cost.Pinter Company had the following environmental activities and product information: 1. Environmental activity costs 2. Driver data 3. Other production data Required: 1. Calculate the activity rates that will be used to assign environmental costs to products. 2. Determine the unit environmental and unit costs of each product using ABC. 3. What if the design costs increased to 360,000 and the cost of toxic waste decreased to 750,000? Assume that Solvent Y uses 6,000 out of 12,000 design hours. Also assume that waste is cut by 50 percent and that Solvent Y is responsible for 14,250 of 15,000 pounds of toxic waste. What is the new environmental cost for Solvent Y?
- Noneplease dont provide handwritten solutionAssigning Costs to Activities, Resource Drivers The receiving department has three activities: unloading, counting goods, and inspecting. Unloading uses a forklift that is leased for $15,000 per year. The forklift is used only for unloading. The fuel for the forklift is $3,600 per year. Other operating costs (maintenance) for the forklift total $1,500 per year. Inspection uses some special testing equipment that has depreciation of $1,200 per year and an operating cost of $750. Receiving has three employees who have an average salary of $50,000 per year. The work distribution matrix for the receiving personnel is as follows: Activity Percentage of Time on Each Activity Unloading 40% Counting 25 Inspecting 35 No other resources are used for these activities. Required: 1. Calculate the cost of each activity. Unloading $fill in the blank 1 Counting $fill in the blank 2 Inspecting $fill in the blank 3 2. Explain the two methods used to assign costs to activities.
- Chang Industries has 1,500 defective units of product that already cost $44 each to produce. A salvage company will purchase the defective units as is for $20 each. Chang's production manager reports that the defects can be corrected for $36 per unit, enabling them to be sold at their regular market price of $36. The $44 per unit is a: Multiple Choice 15 Period cost. Sunk cost. Opportunity cost. Out-of-pocket cost. Incremental cost.Bunyon Lumber Company incurs a cost of $490 per hundred board feet in processing certain "rough cut" lumber, which it sells for $635 per hundred board feet. An alternative is to produce a "finished cut" at a total processing cost of $565 per hundred board feet, which can be sold for $480 per hundred board feet. What is the amount of (a) the differential revenue, (b) differential cost, and (c) differential income for processing rough-cut lumber into finished cut?Assigning Costs to Activities, Resource Drivers The Receiving Department has three activities: unloading, counting goods, and inspecting. Unloading uses a forklift that is leased for $16,000 per year. The forklift is used only for unloading. The fuel for the forklift is $4,900 per year. Other operating costs (maintenance) for the forklift total $1,500 per year. Inspection uses some special testing equipment that has depreciation of $2,000 per year and an operating cost of $750. Receiving has three employees who have an average salary of $45,000 per year. The work distribution matrix for the receiving personnel is as follows: Activity Percentage of Time on Each Activity Unloading 40% Counting 25% Inspecting 35% No other resources are used for these activities. Required: 1. Calculate the cost of each activity. Line Item Description Amount Unloading $fill in the blank 1 Counting $fill in the blank 2 Inspecting $fill in the blank 3 2. Explain the two methods used to…
