Answer all the requirements 1,2,2,3.if answered in 45mins,it would be appreciable Requirement 1. Classify each of the costs as output-unit-level, batch-level, output-sustaining, or organisation-sustaining. Explain each answer.Cost-typeCost ItemIndirect production labour costs such as supervision that supports direct production labour, $935,000a.b. Procurement costs of placing purchase orders, receiving materials, and paying suppliers related to the number of purchase orders placed, $650,000Batch-levelCost of indirect materials, $234,000Facility-sustainingC.Output unit-leveld.Costs incurred to set up machines each time a different product needs to be produced, $392,000Designing processes, drawing process charts, making engineering process changes for products, $236,900e.Product-sustainingf.Machine-related overhead costs such as depreciation, maintenance, production engineering, $865,000 (These resources relate to the activity of running the machines.)g. Factory management, rent and insurance, $498,000Output unit-level costs areBatch-level costs areFacility-sustaining costs areProduct-sustaining costs areake and is produced in many batches. The other machine, designed for homenachine and allocates all overhead costs using machine-hours as the onlyRequirement 2. Consider twouse, is simple to make and iscost-driver. Explain how, if atcosts that cannot be traced to individual products but support the company as a whole.costs used to support individual products regardless of the number of units or batches tested.related to a group of units of the product. They are not related to the number of units tested.Click to select your answer.related to the number of units tested; required for each unit tested.Requirement 2. Consider two types of machines made by Ellipse Ltd. One machine, designed for professional use, is complex to make and is produced in many batches. The other machine, designed for homeuse, is simple to make and is produced in few batches. Ellipse Ltd needs the same number of machine-hours to make each type of machine and allocates all overhead costs using machine-hours as the onlycost-driver. Explain how, if at all, incorrect costs might result.batches. In addition, theV batches will useV batch-level overhead resources compared to the simple elliptical machine that is made inThe complex elliptical machine made incomplex machine will useV overhead resources because it is complex.BecauseVif Ellipse uses only machine-hours to allocate overhead costs to elliptical machines.both the simple and the complex machines will be allocated the same amount of overhead costs per machinethe complex karaoke machine will be allocated a greater amount of overhead costs per machine than the simple machinethe simple machine will be allocated a greater amount of overhead costs per machine than the complex machine中開1329HLpoU uses Uy a -IUUIS IU duLdie uveTRUau USIS IU Gpar av and the simple machine will beAs a result, the complex elliptical machine will beRequirement 3. How is the activity-hierarchy helpful to Ellipse Ltd in managing its business?The activity-hierarchy can be helpful to Ellipse Ltd in managing its business through:O A. Reducing the number of indirect cost pools, creating less homogeneous indirect cost pools, allocating more indirect costs to cost objects and identifying cost objects at the output unit-level.O B. Identifying the cost benefit of implementing a simple costing system.O C. Pricing and product mix decisions, cost reduction and process improvement decisions, design decisions, and planning and managing activities.O D. All of the above.Click to select your answer.

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Requirement 1. Classify each of the costs as output-unit-level, batch-level, output-sustaining, or organisation-sustaining. Explain each answer. Cost Item a. Indirect production labour costs such as supervision that supports direct production labour, $935,000 b. Procurement costs of placing purchase orders, receiving materials, and paying suppliers related to the number of purchase orders placed, $650,000 Cost of indirect materials, $234,000 C. d. Costs incurred to set up machines each time a different product needs to be produced, $392,000 e. Designing processes, drawing process charts, making ongineering process changes for products, $236,900 Machine-related overhead costs such as depreciation, maintenance, production engineering, $865,000 (These resources relate to the activity of running the machines.) f. . Factory management, rent and insurance, $498,000

Requirement 1. Classify each of the costs as output-unit-level, batch-level, output-sustaining, or organisation-sustaining. Explain each answer. Cost Item a. Indirect production labour costs such as supervision that supports direct production labour, $935,000 b. Procurement costs of placing purchase orders, receiving materials, and paying suppliers related to the number of purchase orders placed, $650,000 Cost of indirect materials, $234,000 C. d. Costs incurred to set up machines each time a different product needs to be produced, $392,000 e. Designing processes, drawing process charts, making ongineering process changes for products, $236,900 Machine-related overhead costs such as depreciation, maintenance, production engineering, $865,000 (These resources relate to the activity of running the machines.) f. . Factory management, rent and insurance, $498,000

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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