The classification cost as value added and non value added cost.

Question

What is the gross profit margin on these financial accounting question?

Answer 1

Question

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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Answer 2

Question

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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Answer 3

Question

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).

Expert Solution & Answer

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Answer 4

Question

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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Answer 5

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).

Answer 6

Chapter 13, Problem 13.16E

1.

a.

To determine

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

Answer 7

Chapter 13, Problem 13.16E

1.

a.

To determine

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

Answer 8

b.

To determine

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

Answer 9

b.

To determine

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

Answer 10

c.

To determine

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

Answer 11

c.

To determine

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

Answer 12

d.

To determine

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

Answer 13

d.

To determine

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

Answer 14

e.

To determine

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

Answer 15

e.

To determine

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

Answer 16

f.

To determine

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

Answer 17

f.

To determine

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

Answer 18

g.

To determine

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

Answer 19

g.

To determine

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

Answer 20

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.

Answer 21

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.

Answer 22

3.

To determine

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

Answer 23

3.

To determine

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

Answer 24

Expert Solution & Answer

Answer 25

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Answer 26

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Answer 28

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Answer 29

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Answer 30

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Answer 34

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Answer 35

Ch. 13 - What are the three major influences on pricing...Ch. 13 - Relevant costs for pricing decisions are full...Ch. 13 - Describe four purposes of cost allocation.Ch. 13 - How is activity-based costing useful for pricing...Ch. 13 - Describe two alternative approaches to long-run...Ch. 13 - What is a target cost per unit?Ch. 13 - Describe value engineering and its role in target...Ch. 13 - Give two examples of a value-added cost and two...Ch. 13 - It is not important for a company to distinguish...Ch. 13 - Prob. 13.10Q

The classification cost as value added and non value added cost.

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

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

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

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

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

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

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

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

Chapter 13 Solutions