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Prism Company has two service departments: security departments and maintenance departments that give services to two producing departments: machining department and assembling department. Security department costs will be allocated using the number of employees and maintenance department costs will be allocated using direct labor hours. For calculation of predetermined rate, machine hours and direct labor hours are used for machining and assembling departments, respectively.
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- Given the following information, determine the activity rate for setups. Activity Setups Inspections Assembly (dlh) a. $58.00 Ob. $5.09 c. $18.00 d. $0.75 Total Activity-Base Usage Budgeted Activity $180,000 $120,000 $400,000 10,000 24,000 80,000The following is the budgeted information of 3Z Company for the year 2021: Service Departments Producing Departments S1 S2 P1 P2 Budgeted overhead before distribution of service costs Direct labor hours Machine hours Number of employees Area occupied (sq ft) P300,000.00 P 150,000.00 P1,500,000.00 P750,000.00 6,000 45,400 25 30,000 33,250 5,000 150 50,000 13 8 4,200 1,500 Actual prime cost for the last quarter Of 2021 in the production of 15,000 units of Product MM is summarized below: P1 P2 11,250 hrs Direct labor hours 1,200 DLh @ P35 6,550 DLH @ P35 Machine hours 1,250 hrs Materials P75 per unit P5 per unit Additional information: • The company computes predetermined overhead rates based on machine hours in P1 and direct labor hours in P2, after distributing service costs using direct method. Sl costs are distributed based on area occupied and S2 costs are based on number of employees. Required: Compute for the total production costs of Product MM.Given the following information, determine the activity rate for setups. Activity Total Activity-Base Usage Budgeted Activity Cost Setups 10,300 $52,700 Inspections 24,800 $135,700 Assembly (dlh) 78,400 $376,100 a.$4.80 b.$5.12 c.$4.97 d.$5.47
- The following information is available for ABC Co.: Activity Pool Budgeted Amount Activity Base Setups 300,000 400,000 Quality Inspection 600,000 120,000 Assembly (direct labor hours) 2,000,000 400,000 COMPUTE FOR THE ACTIVITY RATE FOR SETUP a. 6.00 b. 0.75 c. 58.00 d. 5.09Given the following information, determine the activity rate for setups. Budgeted Activity Activity Setups Inspections Assembly (dlh) Oa. $5.74 Ob. $5.99 Oc. $5.68 Od. $5.61 Total Activity-Base Usage 9,800 23,100 72,000 Cost $58,700 $132,600 $404,100Given the following information, determine the activity rate (rounded to the nearest cent) for setups. Activity Total Activity-Base Usage Budgeted Activity Cost Setups 11,000 $58,100 Inspections 25,200 $147,200 Assembly (dlh) 72,000 $375,700 a. $5.22 O b. $5.28 c. $5.84 O d. $5.37
- Question Content Area Given the following information, determine the activity rate for setups. Activity Total Activity-Base Usage Budgeted Activity Cost Setups 10,000 $180,000 Inspections 24,000 $120,000 Assembly (dlh) 80,000 $400,000Relevant data from the Poster Company’s operating budgets are: Quarter 1 Quarter 2 Sales $208,480 $211,540 Direct material purchases 115,300 120,832 Direct labor 75,205 73,298 Manufacturing overhead 25,300 25,400 Selling and administrative expenses 33,400 33,500 Depreciation included in selling and administrative 1,500 900 Collections from customers 215,392 240,154 Cash payments for purchases 114,290 119,254 Additional data:Capital assets were sold in January for $10,000 and $4,400 in May.Dividends of $4,600 were paid in February. The beginning cash balance was $60,360 and a required minimum cash balance is $59,000. Use this information to prepare a cash budget for the first two quarters of the year: If an amount box does not require an entry, leave it blank. The Poster CompanyCash BudgetFor the First Two Quarters Quarter 1 Quarter 2 $Beginning Cash Balance $Beginning Cash Balance Add: Cash Receipts Collections from Customers…Home CengageNOWV2 |Online teachin X RakeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Flexible Budgeting At the beginning of the period, the Fabricating Department budgeted direct labor of $110.000 and equipment depreciation of $33,000 for 11,000 hours of production. The department actually completed 13,800 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. 171,000 Previous Net Submie Test for Groding All work saved.
- Relevant data from the Poster Company’s operating budgets are: Quarter 1 Quarter 2 Sales $208,480 $211,540 Direct material purchases 115,295 120,832 Direct labor 75,210 73,298 Manufacturing overhead 25,400 25,400 Selling and administrative expenses 33,600 33,400 Depreciation included in selling and administrative 1,600 900 Collections from customers 215,393 240,156 Cash payments for purchases 114,295 119,254 Additional data:Capital assets were sold in January for $9,000 and $4,500 in May.Dividends of $4,600 were paid in February. The beginning cash balance was $60,359 and a required minimum cash balance is $59,000. Use this information to prepare a cash budget for the first two quarters of the year: If an amount box does not require an entry, leave it blank. The Poster CompanyCash BudgetFor the First Two QuartersStatic budget for a service company A hank manager of City Savings Rank Inc, uses the managerial accounting system to track the costs of operating the various departments within the bank. The departments include Cash Management, Trusts. Commercial Loans Mortgage Loans. Operations, Credit Card, and Branch Services. The static budget and actual results for the Operations Department are as follows: a. What information is provided by the budget? Specifically, what questions can thebank manager ask of the Operations Department manager? b. What information does the static budget fail to provide? Specifically, could the budgetinformation be presented differently to provide even more insight for the bank manager?A company has prepared the operating budget and the cash budget. It is now preparing the budgeted balance sheet. Identify the document that contains each of these balances. A. cash B. accounts receivable C. finished goods inventory D. accounts payable E. equipment purchases