Pine and Danner is an architectural firm that is contemplating the installation of activity-based costing. The following activities are performed daily by staff architects. Classify these activities as value-added or non-value-added: (a) designing and drafting, 3 hours; (b) staff meetings, 1 hour, (c) on-site supervision, 2 hours; (d) lunch, 1 hour; (e) consultation with client on specifications, 1.5 hours; and (f) entertaining a prospective client for dinner, 2 hours.
Pine and Danner is an architectural firm that is contemplating the installation of activity-based costing. The following activities are performed daily by staff architects. Classify these activities as value-added or non-value-added: (a) designing and drafting, 3 hours; (b) staff meetings, 1 hour, (c) on-site supervision, 2 hours; (d) lunch, 1 hour; (e) consultation with client on specifications, 1.5 hours; and (f) entertaining a prospective client for dinner, 2 hours.
Pine and Danner is an architectural firm that is contemplating the installation of activity-based costing. The following activities are performed daily by staff architects. Classify these activities as value-added or non-value-added: (a) designing and drafting, 3 hours; (b) staff meetings, 1 hour, (c) on-site supervision, 2 hours; (d) lunch, 1 hour; (e) consultation with client on specifications, 1.5 hours; and (f) entertaining a prospective client for dinner, 2 hours.
Baker's Market began the current month with inventory costing $35,250,
then purchased additional inventory at a cost of $78,400. The perpetual
inventory system indicates that inventory costing $82,500 was sold during the
month for $88,250.
An inventory count at month-end shows that inventory costing $29,000 is
actually on hand.
What amount of shrinkage occurred during the month?
a) $350
b) $1,150
c) $1,750
d) $2,150
A pet store sells a pet waste disposal system for $60 each. The cost per
unit, including the system and enzyme digester, is $42.50.
What is the contribution margin per unit?
A. $15.00
B. $17.50
C. $12.25
D. $19.00
Narchie sells a single product for $40. Variable
costs are 80% of the selling price, and the
company has fixed costs that amount to
$152,000. Current sales total 16,000 units. What
is the break-even point in units?
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