Process Activity: Process activity refers to the various of activities involved in the process of production. Process Activity Analysis: Process activity analysis refers to the analysis of the various processes involved in the production process. To Develop: A table showing percentage of individual activity cost to total process cost .

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Answer 1

Question

Chapter 12, Problem 21E

a)

To determine

Process Activity: Process activity refers to the various of activities involved in the process of production.

Process Activity Analysis: Process activity analysis refers to the analysis of the various processes involved in the production process.

To Develop: A table showing percentage of individual activity cost to total process cost.

b)

To determine

The average process cost per payment.

c)

To determine

To Prepare: A table showing changes in the activity cost due to the proposed improvements which also shows the changes before improvement of activity cost.

d)

To determine

The average process cost per payment.

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Kubin Company’s relevant range of production is 11,000 to 14,000 units. When it produces and sells 12,500 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.20 Direct labor $ 4.20 Variable manufacturing overhead $ 1.70 Fixed manufacturing overhead $ 5.20 Fixed selling expense $ 3.70 Fixed administrative expense $ 2.70 Sales commissions $ 1.20 Variable administrative expense $ 0.70 Required: For financial accounting purposes, what is the total product cost incurred to make 12,500 units? For financial accounting purposes, what is the total period cost incurred to sell 12,500 units? For financial accounting purposes, what is the total product cost incurred to make 14,000 units? For financial accounting purposes, what is the total period cost incurred to sell 11,000 units?

Choose a manufacturing company then discuss the following: First, name your company and list its main products and direct materials used. What is spoilage? Give an example of spoilage that might occur during the manufacturing of the company's product. What is scrap? Give an example of scrap that might occur during the manufacturing of the company's product. What does rework mean? Give an example of rework that might occur during the manufacturing of the company's product. A leading manufacturer recently said, "What has been regarded as normal spoilage in the past will not acceptable as normal spoilage in the future? What are they talking about? What do you think are the external or internal factors that may affect the level of normal spoilage in the future?

Answer 2

Question

Chapter 12, Problem 21E

a)

To determine

Process Activity: Process activity refers to the various of activities involved in the process of production.

Process Activity Analysis: Process activity analysis refers to the analysis of the various processes involved in the production process.

To Develop: A table showing percentage of individual activity cost to total process cost.

b)

To determine

The average process cost per payment.

c)

To determine

To Prepare: A table showing changes in the activity cost due to the proposed improvements which also shows the changes before improvement of activity cost.

d)

To determine

The average process cost per payment.

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Answer 3

Question

Chapter 12, Problem 21E

a)

To determine

Process Activity: Process activity refers to the various of activities involved in the process of production.

Process Activity Analysis: Process activity analysis refers to the analysis of the various processes involved in the production process.

To Develop: A table showing percentage of individual activity cost to total process cost.

b)

To determine

The average process cost per payment.

c)

To determine

To Prepare: A table showing changes in the activity cost due to the proposed improvements which also shows the changes before improvement of activity cost.

d)

To determine

The average process cost per payment.

Expert Solution & Answer

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Answer 4

Question

Chapter 12, Problem 21E

a)

To determine

Process Activity: Process activity refers to the various of activities involved in the process of production.

Process Activity Analysis: Process activity analysis refers to the analysis of the various processes involved in the production process.

To Develop: A table showing percentage of individual activity cost to total process cost.

b)

To determine

The average process cost per payment.

c)

To determine

To Prepare: A table showing changes in the activity cost due to the proposed improvements which also shows the changes before improvement of activity cost.

d)

To determine

The average process cost per payment.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 21E

a)

To determine

Process Activity: Process activity refers to the various of activities involved in the process of production.

Process Activity Analysis: Process activity analysis refers to the analysis of the various processes involved in the production process.

To Develop: A table showing percentage of individual activity cost to total process cost.

b)

To determine

The average process cost per payment.

c)

To determine

To Prepare: A table showing changes in the activity cost due to the proposed improvements which also shows the changes before improvement of activity cost.

d)

To determine

The average process cost per payment.

Answer 6

Chapter 12, Problem 21E

a)

To determine

Process Activity: Process activity refers to the various of activities involved in the process of production.

Process Activity Analysis: Process activity analysis refers to the analysis of the various processes involved in the production process.

To Develop: A table showing percentage of individual activity cost to total process cost.

Answer 7

Chapter 12, Problem 21E

a)

To determine

Process Activity: Process activity refers to the various of activities involved in the process of production.

Process Activity Analysis: Process activity analysis refers to the analysis of the various processes involved in the production process.

To Develop: A table showing percentage of individual activity cost to total process cost.

Answer 8

b)

To determine

The average process cost per payment.

Answer 9

b)

To determine

The average process cost per payment.

Answer 10

c)

To determine

To Prepare: A table showing changes in the activity cost due to the proposed improvements which also shows the changes before improvement of activity cost.

Answer 11

c)

To determine

To Prepare: A table showing changes in the activity cost due to the proposed improvements which also shows the changes before improvement of activity cost.

Answer 12

d)

To determine

The average process cost per payment.

Answer 13

d)

To determine

The average process cost per payment.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 12 - What is the benefit of the lean philosophy?Ch. 12 - Prob. 2DQ Ch. 12 - Prob. 3DQ Ch. 12 - Prob. 4DQ Ch. 12 - Prob. 5DQ Ch. 12 - Why would a lean manufacturer strive to produce...Ch. 12 - Prob. 7DQ Ch. 12 - Prob. 8DQ Ch. 12 - Prob. 9DQ Ch. 12 - Prob. 10DQ

Solution Summary: The author explains how to calculate the average process cost per payment, assuming there are 20,000 payments.

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The average process cost per payment.

To Prepare: A table showing changes in the activity cost due to the proposed improvements which also shows the changes before improvement of activity cost.

The average process cost per payment.

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Chapter 12 Solutions