Explain the activity based management and describe the relationship with the constant improvement.

Question

The following data were selected from the records of Fluwars Company for the year ended December 31, current year: Balances at January 1, current year: Accounts receivable (various customers) $ 111,500 Allowance for doubtful accounts 11,200 The company sold merchandise for cash and on open account with credit terms 1/10, n/30, without a right of return. The following transactions occurred during the current year: Sold merchandise for cash, $252,000. Sold merchandise to Abbey Corp; invoice amount, $36,000. Sold merchandise to Brown Company; invoice amount, $47,600. Abbey paid the invoice in (b) within the discount period. Sold merchandise to Cavendish Inc.; invoice amount, $50,000. Collected $113,100 cash from customers for credit sales made during the year, all within the discount periods. Brown paid its account in full within the discount period. Sold merchandise to Decca Corporation; invoice amount, $42,400. Cavendish paid its account in full after the…

Answer 1

Question

Chapter 12, Problem 26P

1.

To determine

Explain the activity based management and describe the relationship with the constant improvement.

2.

To determine

Classify the non-value added cost and calculate the cost savings per unit that will be realized, if non-value added is eliminated. Comment regarding the assessment of preliminary cost reduction done by person C and explain the steps to the company to reduce or eliminate the non-value added activities.

3.

To determine

Calculate the target cost required maintaining the current market share and target cost required to expand the sales by 50 percent, if earning a profit of $6 per unit and calculate the cost reduction to achieve the target.

4.

To determine

Determine the activity management under given situation.

5.

To determine

Calculate the income for the company based on current sales price and using the selling price of $21 and $18. Choose any one selling price.

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The following data were selected from the records of Fluwars Company for the year ended December 31, current year: Balances at January 1, current year: Accounts receivable (various customers) $ 111,500 Allowance for doubtful accounts 11,200 The company sold merchandise for cash and on open account with credit terms 1/10, n/30, without a right of return. The following transactions occurred during the current year: Sold merchandise for cash, $252,000. Sold merchandise to Abbey Corp; invoice amount, $36,000. Sold merchandise to Brown Company; invoice amount, $47,600. Abbey paid the invoice in (b) within the discount period. Sold merchandise to Cavendish Inc.; invoice amount, $50,000. Collected $113,100 cash from customers for credit sales made during the year, all within the discount periods. Brown paid its account in full within the discount period. Sold merchandise to Decca Corporation; invoice amount, $42,400. Cavendish paid its account in full after the…

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Answer 2

Question

Chapter 12, Problem 26P

1.

To determine

Explain the activity based management and describe the relationship with the constant improvement.

2.

To determine

Classify the non-value added cost and calculate the cost savings per unit that will be realized, if non-value added is eliminated. Comment regarding the assessment of preliminary cost reduction done by person C and explain the steps to the company to reduce or eliminate the non-value added activities.

3.

To determine

Calculate the target cost required maintaining the current market share and target cost required to expand the sales by 50 percent, if earning a profit of $6 per unit and calculate the cost reduction to achieve the target.

4.

To determine

Determine the activity management under given situation.

5.

To determine

Calculate the income for the company based on current sales price and using the selling price of $21 and $18. Choose any one selling price.

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Answer 3

Question

Chapter 12, Problem 26P

1.

To determine

Explain the activity based management and describe the relationship with the constant improvement.

2.

To determine

Classify the non-value added cost and calculate the cost savings per unit that will be realized, if non-value added is eliminated. Comment regarding the assessment of preliminary cost reduction done by person C and explain the steps to the company to reduce or eliminate the non-value added activities.

3.

To determine

Calculate the target cost required maintaining the current market share and target cost required to expand the sales by 50 percent, if earning a profit of $6 per unit and calculate the cost reduction to achieve the target.

4.

To determine

Determine the activity management under given situation.

5.

To determine

Calculate the income for the company based on current sales price and using the selling price of $21 and $18. Choose any one selling price.

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Answer 4

Question

Chapter 12, Problem 26P

1.

To determine

Explain the activity based management and describe the relationship with the constant improvement.

2.

To determine

Classify the non-value added cost and calculate the cost savings per unit that will be realized, if non-value added is eliminated. Comment regarding the assessment of preliminary cost reduction done by person C and explain the steps to the company to reduce or eliminate the non-value added activities.

3.

To determine

Calculate the target cost required maintaining the current market share and target cost required to expand the sales by 50 percent, if earning a profit of $6 per unit and calculate the cost reduction to achieve the target.

4.

To determine

Determine the activity management under given situation.

5.

To determine

Calculate the income for the company based on current sales price and using the selling price of $21 and $18. Choose any one selling price.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 26P

1.

To determine

Explain the activity based management and describe the relationship with the constant improvement.

2.

To determine

Classify the non-value added cost and calculate the cost savings per unit that will be realized, if non-value added is eliminated. Comment regarding the assessment of preliminary cost reduction done by person C and explain the steps to the company to reduce or eliminate the non-value added activities.

3.

To determine

Calculate the target cost required maintaining the current market share and target cost required to expand the sales by 50 percent, if earning a profit of $6 per unit and calculate the cost reduction to achieve the target.

4.

To determine

Determine the activity management under given situation.

5.

To determine

Calculate the income for the company based on current sales price and using the selling price of $21 and $18. Choose any one selling price.

Answer 6

Chapter 12, Problem 26P

1.

To determine

Explain the activity based management and describe the relationship with the constant improvement.

Answer 7

Chapter 12, Problem 26P

1.

To determine

Explain the activity based management and describe the relationship with the constant improvement.

Answer 8

2.

To determine

Classify the non-value added cost and calculate the cost savings per unit that will be realized, if non-value added is eliminated. Comment regarding the assessment of preliminary cost reduction done by person C and explain the steps to the company to reduce or eliminate the non-value added activities.

Answer 9

2.

To determine

Classify the non-value added cost and calculate the cost savings per unit that will be realized, if non-value added is eliminated. Comment regarding the assessment of preliminary cost reduction done by person C and explain the steps to the company to reduce or eliminate the non-value added activities.

Answer 10

3.

To determine

Calculate the target cost required maintaining the current market share and target cost required to expand the sales by 50 percent, if earning a profit of $6 per unit and calculate the cost reduction to achieve the target.

Answer 11

3.

To determine

Calculate the target cost required maintaining the current market share and target cost required to expand the sales by 50 percent, if earning a profit of $6 per unit and calculate the cost reduction to achieve the target.

Answer 12

4.

To determine

Determine the activity management under given situation.

Answer 13

4.

To determine

Determine the activity management under given situation.

Answer 14

5.

To determine

Calculate the income for the company based on current sales price and using the selling price of $21 and $18. Choose any one selling price.

Answer 15

5.

To determine

Calculate the income for the company based on current sales price and using the selling price of $21 and $18. Choose any one selling price.

Answer 16

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Answer 27

Ch. 12 - What are the two dimensions of the activity-based...Ch. 12 - What is driver analysis? What role does it play in...Ch. 12 - What is activity analysis? Why is this approach...Ch. 12 - What are value-added activities? Value-added...Ch. 12 - What are non-value-added activities?...Ch. 12 - Identify and define four different ways to manage...Ch. 12 - What is a kaizen standard? Describe the kaizen and...Ch. 12 - Prob. 8DQ Ch. 12 - Prob. 9DQ Ch. 12 - Prob. 10DQ

Explain the activity based management and describe the relationship with the constant improvement.

Solution Summary: The author explains the concept of activity based management and its relationship with the constant improvement.

Explain the activity based management and describe the relationship with the constant improvement.

Calculate the target cost required maintaining the current market share and target cost required to expand the sales by 50 percent, if earning a profit of $6 per unit and calculate the cost reduction to achieve the target.

Determine the activity management under given situation.

Calculate the income for the company based on current sales price and using the selling price of $21 and $18. Choose any one selling price.

Chapter 12 Solutions