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FINANCIAL ACCOUNTING
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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The City Museum (TCM) collects and displays historical artifacts from the local area. One of its services is dedicated tours. TCM offers dedicated tours to two groups: local students and donors. TCM has two coordinators for these tours-one for the student tours and one for the donor tours. Data for the quarter on the two groups follow. Student Tours 1, 500 75 Number of visitors Number of tours Donor Tours 750 90 Total 2,250 165 The operational costs associated with the tours have been collected and are presented in the following table. Refreshments, information, and audio guides Tour leaders salaries and benefits Coordinator salaries and benefits (@ $21, 450 per coordinator) Total $27,000 21, 450 42,900 $91, 350
Transcribed Image Text:The City Museum (TCM) collects and displays historical artifacts from the local area. One of its services is dedicated tours. TCM offers dedicated tours to two groups: local students and donors. TCM has two coordinators for these tours-one for the student tours and one for the donor tours. Data for the quarter on the two groups follow. Student Tours 1, 500 75 Number of visitors Number of tours Donor Tours 750 90 Total 2,250 165 The operational costs associated with the tours have been collected and are presented in the following table. Refreshments, information, and audio guides Tour leaders salaries and benefits Coordinator salaries and benefits (@ $21, 450 per coordinator) Total $27,000 21, 450 42,900 $91, 350
Tour leaders salaries and benefits Coordinator salaries and benefits (@$21, 150 per coordinator) Total Exercise 9-41 (Algo) Activity-Based Costing: Not-for-Profit (LO 9-3, 5) Required: a. Compute the unit (per visitor) costs for the two tour types (student and donor) assuming TCM uses the current cost system. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) b. Compute the unit (per visitor) costs for the two tour types (student and donor) assuming TCM adopts an ABC system. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) a. TCM uses the current cost system b. TCM adopts an ABC system Unit Cost Student 21, 450 42,900 $91, 350 Donor
Transcribed Image Text:Tour leaders salaries and benefits Coordinator salaries and benefits (@$21, 150 per coordinator) Total Exercise 9-41 (Algo) Activity-Based Costing: Not-for-Profit (LO 9-3, 5) Required: a. Compute the unit (per visitor) costs for the two tour types (student and donor) assuming TCM uses the current cost system. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) b. Compute the unit (per visitor) costs for the two tour types (student and donor) assuming TCM adopts an ABC system. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) a. TCM uses the current cost system b. TCM adopts an ABC system Unit Cost Student 21, 450 42,900 $91, 350 Donor
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