ch5_hw_qa3_part1_br Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. For Its services, the company hasalways charged a flat fee per hundred square feet of carpet cleaned. The current fee Is $22.05 per hundred square feet. However,there Is some question about whether the company is actually making any money on jobs for some customers-particularly thoselocated on remote ranches that require considerable travel time. The owner's daughter, home for the summer from college, hassuggested investigating this question using activity-based costing. After some discussion, she designed a simple system consisting offour activity cost pools. The activity cost pools and their activity measures appear below:Activity Cost PoolCleaning carpetsTravel to jobsActivity MeasureSquare feet cleaned (88s)Activity for the Year14,000 hundred square feet402, 500 miles2,800 jobsMiles drivenJob supportNumber of jobsOther (organization-sustaining costs and idlecapacity costs)NoneNot applicableThe total cost of operating the company for the year is $362,000 which includes the following costs:143,000WagesCleaning suppliesCleaning equipment depreciationVehicle expenses34, 00014,00028, 000Office expenses58, 000President's compensation85, 900Total cost362,000Resource consumption is distributed across the activities as follows:Distribution of Resource Consumption Across ActivitiesCleaningTravelCarpetsto JobsJob Support OtherTotal75%1e%e%15%1eexWagesCleaning suppliesCleaning equipment depreciationVehicle expenses100%ex100%72%28%100%e%84%16%1eexOffice expensese%e%59%41%100%President's compensatione%30%70%10e%Job support consists of recelving calls from potentlal customers at the home office, scheduling Jobs, billing, resolving Issues, and soon.Required:1. Prepare the first-stage allocation of costs to the activity cost pools.2 Compute the activity rates for the activity cost pools.3. The company recently completed a 800 square foot carpet-cleaning Job at the Flying N Ranch-a 56-mle round-trip journey fromthe company's offices in Bozeman. Compute the cost of this job using the activity-based costing system.4. The revenue from the Flying N Ranch was $176.40 (800 square feet @ $22.05 per hundred square feet). Calculate the customermargin earned on this Job. Required 1Required 2Required 3Required 4Prepare the first-stage allocation of costs to the activity cost pools.Travel toCleaningCarpetsJob SupportOtherTotalJobsWagesCleaning suppliesCleaning equipment depreciationVehicle expensesOffice expensesPresident's compensationTotal cost

Using activity costing, overhead is applied to production on the basis of different activities…

Resource consumptiIon is distributed across the activities as follows: Distribution of ReSource Consumption Across Activities Cleaning Carpets Travel to Jobs Job Support Other Total 75% 1e% ex 15% 1eex wages Cleaning supplies 1e0% ex ex e% 1eex Cleaning equipment depreciation Vehicle expenses Office expenses 72% ex 28% 1eez 84% ex 16% 1ee% e% e% 59% 41% 1eex President's compensation 3ex 7e% 1eex Job support consists of recelving calls from potentlal customers at the home office, scheduling Jobs, billing, resolving issues, and so on. Required: 1. Prepare the first-stage allocation of costs to the activity cost pools. 2 Comnute the activit rates for the activity cost poolc

Resource consumptiIon is distributed across the activities as follows: Distribution of ReSource Consumption Across Activities Cleaning Carpets Travel to Jobs Job Support Other Total 75% 1e% ex 15% 1eex wages Cleaning supplies 1e0% ex ex e% 1eex Cleaning equipment depreciation Vehicle expenses Office expenses 72% ex 28% 1eez 84% ex 16% 1ee% e% e% 59% 41% 1eex President's compensation 3ex 7e% 1eex Job support consists of recelving calls from potentlal customers at the home office, scheduling Jobs, billing, resolving issues, and so on. Required: 1. Prepare the first-stage allocation of costs to the activity cost pools. 2 Comnute the activit rates for the activity cost poolc

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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ent II - Chapter 5 Saved Help Save & E 13 1.46853 0.68095 14 1.51259 0.66112 15 1.55797 0.64186 16 1.60471 0.62317 15.6178 10.63496 16.0863 10.95400 17.0863 11.29607 18.5989 11.93794 17.5989 11.63496 19.1569 12.29607 20.1569 12.56110 20.7616 12.93794 Monica wants to sell her share of an investment to Barney for $140,000 in 4 years. If money is wOrth 6% compounded semiannually, what would Monica accept today? Multiple Choice 110,517 $ 109.263 ( Prev 7 of 15 Next>