7 Using job order costing, develop an RVU and product cost for the CT proceduresshown in the table below. Consider that the CT Department are $10,000,000($6,000,000 in direct costs and $4,000,000 in indirect costs). SHOW ALL YOURWORK!ProcedureABCDProjectedVolume1,0002,0004,0005,200LaborExpense283870603530SupplyExpense35 35 15 02510

RVU stands for Relative Value Unit, a measurement used in the healthcare industry to evaluate the…

Answered: Using job order costing, develop an RVU…

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter17: Job Order Costing (job)

Section: Chapter Questions

Problem 3R: Now that your worksheet has been saved as JOB2, fill in the appropriate data for Job 8961. Save the...

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Now that your worksheet has been saved as JOB2, fill in the appropriate data for Job 8961. Save the results as JOB8961 and print the completed job cost sheet when done. Check figure: Cost of Job 8961 (cell G31), 16,229.35.
xterior door? job-costing system. Total budgeted costs in each indirect-cost pool and the budgeted quantity of activity The company is in the process of bidding on two jobs: Job 220, an order of 17 intricate personalized overhead allocated under the current simple job-costing system and a newly designed activity-based frames, and Job 330, an order of 5 standard personalized frames. The controller wants you to compare 5-29 Activity-based costing. The job-costing system at Melody's Custom Framing has five indirect cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). goods, milk and fruit juice, and frozen foods. It upermarkets (FS) operates at capacity and de- nformation from its activity-based costing system Fes that account for the store support costs, rs? vs: driver are as follows. $95 per purchase order $76 per delivery $19 per hour S 0.15 per item sold Budgeted Quantity of Activity Driver TET Budgeted Overhead Activity Driver Purchase…
Figuring a predetermined overhead rate using direct materials as the allocation base. $130500 estimated manufacturing overhead cost and $87000 as allocation base. Then whats next in the formula
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Churchill Products is considering updating its cost system to an activity-based costing system and is interested in understanding the effects. The company’s cost accountant has identified three overhead cost pools along with appropriate cost drivers for each pool. Cost Pools Costs Activity Drivers Utilities $ 315,000 63,000 machine-hours Scheduling and setup 300,000 600 setups Material handling 795,000 1,590,000 pounds of material The company manufactures three models of water basins (Oval, Round, and Square). The plans for production for the next year and the budgeted direct costs and activity by product line are as follows. Products Oval Round Square Total direct costs (material and labor) $ 80,000 $ 70,000 $ 80,000 Total…
Shalom Company uses traditional costing method in allocating overhead. When you presented the idea of activity-based costing, the manager became interested and showed you details of its current costing method: Overhead using Products Traditional Allocation Peace Piss Piece 460,000 540,000 920,000 Cost drivers 40,000 30,000 90,000 1,920,000 The manager wants a report that shows comparison of the two costing methods. You began your analysis and applied activity-based costing. What product line/s had an overstated overhead cost?
The centrepiece of aiob-costing system is the 0a budgetewoverhead rate job-cost sheet 0 labour time ticket materials reguistion fom
/takeAssignment/takeAssignmentMain.do?invoker=Dassignments&takeAssignmentSessionLocator%3Dassignment-take&inprogress%-false ☆ ロ eBook Job Costs Using Activity-Based Costing Heitger Company is a job-order costing firm that uses activity-based costing to apply overhead to jobs. Heitger identified three overhead activities and related drivers. Budgeted information for the year is as follows: Activity Cost Driver Amount of Driver Materials handling $110,700 Number of moves 4,500 Engineering 153,900 Number of change orders 9,000 Other overhead 310,000 Direct labor hours 50,000 Heitger worked on four jobs in July. Data are as follows: Job 13-43 Job 13-44 Job 13-45 Job 13-46 Beginning balance $24,900 $19,800 $2,900 $0 Direct materials $5,800 $9,900 $13,200 $9,500 Direct labor cost $810 $1,080 $1,560 $130 Job 13-43 Job 13-44 Job 13-45 Job 13-46 Number of moves 45 48 33 4 Number of change orders 27 40 23 18 Direct labor hours 810 1,080 1,560 130 By July 31, Jobs 13-43 and 13-44 were completed…
Garrell Corporation is conducting a time-driven activity-based costing study in its Customer Support Department. The company has provided the following data to aid in that study: Time-driven activity rate (cost per unit of activity) Activity cost pool: Receiving Calls Resolving Issues Settling Disputes Cost Object Data: Number of calls received Number of issues resolved Number of disputes settled Customer P 31 17 1 $5.46 $8.58 $13.26 Customer Q 21 10 Required: Using time-driven activity-based costing, determine the total Customer Support Department cost assigned to cach customer.
solve questions d,e,f from the question given in the image. Bella Incorporated uses a job-order costing system and a predetermined overhead rate based on machine hours. Remaining question is in the images provided.
Build a spreadsheet: Construct and excel spreadsheet to solve all of the preceding requirements. Show how both cost schedules and the income statement will change if raw material purchases amounted to $190,000 and indirect labor was $20,000.
Please help with the "Determine the customer margin for the OfficeMart orders under Activity-Based Costing" section and please include the excel formulas. Thank you! :)
C15Q5 Need help Using the step-down method, allocate support-department costs. Develop overhead rates per direct manufacturing labor-hour for machining and assembly. Allocate the costs of the support departments in the order given in this problem. Use the allocation base for each support department you think is most appropriate. 2. Using the direct method, rework requirement 1. 3. Based on the following information about two jobs, determine the total overhead costs for each job by using rates developed in (a) requirement 1 and (b) requirement 2. Direct Manufacturing Labor–Hours Machining Assembly Job 88 23 2 Job 89 5 22 4. The company evaluates the performance of the operating department managers on the basis of how well they managed their total costs, including allocated costs. As the manager of the Machining Department, which allocation method would you prefer from the results obtained in requirements…

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