Loose Leaf For Managerial Accounting for Managers
Loose Leaf For Managerial Accounting for Managers
6th Edition
ISBN: 9781264445394
Author: Noreen, Eric, BREWER, Peter, Garrison, Ray
Publisher: McGraw Hill
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Chapter 5, Problem 5.12E
To determine

Concept introduction:

Unit-level activities:

The activities that are carried out at the time of the production of each unit are considered as unit-level activities. The unit-level cost should be proportional to the number of units produced.

Batch-level activities:

The activities that are carried out at the processing of a batch are considered as batch-level activities. These activities are carried out on the batch −level regardless of the number of units in a batch.

Product-level activities:

The activities that are carried out for a specific product are considered as a product-level activity. Product-level activities do not consider the batch quantity and number of units.

Organization-sustaining activities:

The activities that are carried out for running the organization, regardless of the customer influence and number of the batch unit, are considered as organization-sustaining activities.

Provide an example of the activity measure for the given activities.

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The beginning inventory at Smith Co. and data on purchases and sales for a three-month period ending June 30 are... Date Transaction Numberof Units Per Unit Total Apr. 3 Inventory 48 $450 $21,600 8 Purchase 96 540 51,840 11 Sale 64 1,500 96,000 30 Sale 40 1,500 60,000 May 8 Purchase 80 600 48,000 10 Sale 48 1,500 72,000 19 Sale 24 1,500 36,000 28 Purchase 80 660 52,800 June 5 Sale 48 1,575 75,600 16 Sale 64 1,575 100,800 21 Purchase 144 720 103,680 28 Sale 72 1,575 113,400   Record inventory, purchases, cost of merchandise sold data in perpetual invetory record similar to the one illutrated in exhibit 3 using FIFO. Under FIFO if units at two different costs eneter the units with the lower unit cost first in the cost of goods sold unit cost column and in the inventory unit cost column.
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