Cost Accounting: A Managerial Emphasis, 15th Edition
Cost Accounting: A Managerial Emphasis, 15th Edition
15th Edition
ISBN: 9780133803815
Author: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
Publisher: PEARSON
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Chapter 13, Problem 13.16E

1.

a.

To determine

To explain: The classification cost as value added and non value added cost.

b.

To determine

To explain: The classification cost as value added and non value added cost.

c.

To determine

To explain: The classification cost as value added and non value added cost.

d.

To determine

To explain: The classification cost as value added and non value added cost.

e.

To determine

To explain: The classification cost as value added and non value added cost.

f.

To determine

To explain: The classification cost as value added and non value added cost.

g.

To determine

To explain: The classification cost as value added and non value added cost.

2.

To determine

To compute: The breakup of value added and non value added.

Given information:

2013,

Cost of material and labor for servicing machine tools is $1,100,000.

Cost of material procurement and inspection cost is $45,000.

Cost of preventive maintenance of equipment is $55,000

Rework cost is $90,000.

Expediting cost caused by work delays is $65,000.

Material handling cost is $80,000.

Breakdown maintenance of equipment is $75,000.

3.

To determine

To compute: The amount that is to be reduced after making changes in (a), (b), and (c).

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Horngren's Financial & Managerial Accounting: The Managerial Chapters,  8th Edition.  Lily-Mae makes handheld calculators in two models: basic and professional. Lily-Mae estimated $812,500 of manufacturing overhead and 625,000 machine hours for the year. The basic model actually consumed 250,000 machine hours, and the professional model consumed 375,000 machine hours.Compute the predetermined overhead allocation rate using machine hours (MHr) as the allocation base. How much overhead is allocated to the basic model? To the professional model? Basic $325,000
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