The cost per pound of potato cuts. Given information: Raw potatoes is 1,800,000 pounds Process potatoes is 1,600,000 pounds Cost of direct material is $231,000 Cost of production support is $1,689,000 Number of unit processed is 1,600,000 pounds.

Question

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Answer 1

Question

Chapter 5, Problem 5.27E

1.

To determine

The cost per pound of potato cuts.

Given information:

Raw potatoes is 1,800,000 pounds

Process potatoes is 1,600,000 pounds

Cost of direct material is $231,000

Cost of production support is $1,689,000

Number of unit processed is 1,600,000 pounds.

2.

To determine

The cost per unit of the cost driver in the case of (a) cleaning (b) cutting and (c) packaging activity areas

Given information:

Cost driver for cleaning activities is potatoes raw pound.

Cost driver for cutting activities is potatoes cut per hours.

Cost driver for packing activities is potatoes cut per packing hours.

3.

To determine

The cost per unit pound of (a) retail potatoes and (b) institutional potatoes

Given information:

Direct material cost of retail potatoes cut is $207,900 and institutional potatoes cut is $23,100.

Direct Packing cost of retail potatoes cut is $190,000 and institutional potatoes cut is $9,000.

4.

To determine

The cost difference between the simple costing system and activity based costing and the use of activity based costing for better decision making.

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Answer 2

Question

Chapter 5, Problem 5.27E

1.

To determine

The cost per pound of potato cuts.

Given information:

Raw potatoes is 1,800,000 pounds

Process potatoes is 1,600,000 pounds

Cost of direct material is $231,000

Cost of production support is $1,689,000

Number of unit processed is 1,600,000 pounds.

2.

To determine

The cost per unit of the cost driver in the case of (a) cleaning (b) cutting and (c) packaging activity areas

Given information:

Cost driver for cleaning activities is potatoes raw pound.

Cost driver for cutting activities is potatoes cut per hours.

Cost driver for packing activities is potatoes cut per packing hours.

3.

To determine

The cost per unit pound of (a) retail potatoes and (b) institutional potatoes

Given information:

Direct material cost of retail potatoes cut is $207,900 and institutional potatoes cut is $23,100.

Direct Packing cost of retail potatoes cut is $190,000 and institutional potatoes cut is $9,000.

4.

To determine

The cost difference between the simple costing system and activity based costing and the use of activity based costing for better decision making.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 5, Problem 5.27E

1.

To determine

The cost per pound of potato cuts.

Given information:

Raw potatoes is 1,800,000 pounds

Process potatoes is 1,600,000 pounds

Cost of direct material is $231,000

Cost of production support is $1,689,000

Number of unit processed is 1,600,000 pounds.

2.

To determine

The cost per unit of the cost driver in the case of (a) cleaning (b) cutting and (c) packaging activity areas

Given information:

Cost driver for cleaning activities is potatoes raw pound.

Cost driver for cutting activities is potatoes cut per hours.

Cost driver for packing activities is potatoes cut per packing hours.

3.

To determine

The cost per unit pound of (a) retail potatoes and (b) institutional potatoes

Given information:

Direct material cost of retail potatoes cut is $207,900 and institutional potatoes cut is $23,100.

Direct Packing cost of retail potatoes cut is $190,000 and institutional potatoes cut is $9,000.

4.

To determine

The cost difference between the simple costing system and activity based costing and the use of activity based costing for better decision making.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 5, Problem 5.27E

1.

To determine

The cost per pound of potato cuts.

Given information:

Raw potatoes is 1,800,000 pounds

Process potatoes is 1,600,000 pounds

Cost of direct material is $231,000

Cost of production support is $1,689,000

Number of unit processed is 1,600,000 pounds.

2.

To determine

The cost per unit of the cost driver in the case of (a) cleaning (b) cutting and (c) packaging activity areas

Given information:

Cost driver for cleaning activities is potatoes raw pound.

Cost driver for cutting activities is potatoes cut per hours.

Cost driver for packing activities is potatoes cut per packing hours.

3.

To determine

The cost per unit pound of (a) retail potatoes and (b) institutional potatoes

Given information:

Direct material cost of retail potatoes cut is $207,900 and institutional potatoes cut is $23,100.

Direct Packing cost of retail potatoes cut is $190,000 and institutional potatoes cut is $9,000.

4.

To determine

The cost difference between the simple costing system and activity based costing and the use of activity based costing for better decision making.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 5, Problem 5.27E

1.

To determine

The cost per pound of potato cuts.

Given information:

Raw potatoes is 1,800,000 pounds

Process potatoes is 1,600,000 pounds

Cost of direct material is $231,000

Cost of production support is $1,689,000

Number of unit processed is 1,600,000 pounds.

2.

To determine

The cost per unit of the cost driver in the case of (a) cleaning (b) cutting and (c) packaging activity areas

Given information:

Cost driver for cleaning activities is potatoes raw pound.

Cost driver for cutting activities is potatoes cut per hours.

Cost driver for packing activities is potatoes cut per packing hours.

3.

To determine

The cost per unit pound of (a) retail potatoes and (b) institutional potatoes

Given information:

Direct material cost of retail potatoes cut is $207,900 and institutional potatoes cut is $23,100.

Direct Packing cost of retail potatoes cut is $190,000 and institutional potatoes cut is $9,000.

4.

To determine

The cost difference between the simple costing system and activity based costing and the use of activity based costing for better decision making.

Answer 6

Chapter 5, Problem 5.27E

1.

To determine

The cost per pound of potato cuts.

Given information:

Raw potatoes is 1,800,000 pounds

Process potatoes is 1,600,000 pounds

Cost of direct material is $231,000

Cost of production support is $1,689,000

Number of unit processed is 1,600,000 pounds.

Answer 7

Chapter 5, Problem 5.27E

1.

To determine

The cost per pound of potato cuts.

Given information:

Raw potatoes is 1,800,000 pounds

Process potatoes is 1,600,000 pounds

Cost of direct material is $231,000

Cost of production support is $1,689,000

Number of unit processed is 1,600,000 pounds.

Answer 8

2.

To determine

The cost per unit of the cost driver in the case of (a) cleaning (b) cutting and (c) packaging activity areas

Given information:

Cost driver for cleaning activities is potatoes raw pound.

Cost driver for cutting activities is potatoes cut per hours.

Cost driver for packing activities is potatoes cut per packing hours.

Answer 9

2.

To determine

The cost per unit of the cost driver in the case of (a) cleaning (b) cutting and (c) packaging activity areas

Given information:

Cost driver for cleaning activities is potatoes raw pound.

Cost driver for cutting activities is potatoes cut per hours.

Cost driver for packing activities is potatoes cut per packing hours.

Answer 10

3.

To determine

The cost per unit pound of (a) retail potatoes and (b) institutional potatoes

Given information:

Direct material cost of retail potatoes cut is $207,900 and institutional potatoes cut is $23,100.

Direct Packing cost of retail potatoes cut is $190,000 and institutional potatoes cut is $9,000.

Answer 11

3.

To determine

The cost per unit pound of (a) retail potatoes and (b) institutional potatoes

Given information:

Direct material cost of retail potatoes cut is $207,900 and institutional potatoes cut is $23,100.

Direct Packing cost of retail potatoes cut is $190,000 and institutional potatoes cut is $9,000.

Answer 12

4.

To determine

The cost difference between the simple costing system and activity based costing and the use of activity based costing for better decision making.

Answer 13

4.

To determine

The cost difference between the simple costing system and activity based costing and the use of activity based costing for better decision making.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

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Check out a sample textbook solution

See solution

Answer 17

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The cost per pound of potato cuts. Given information: Raw potatoes is 1,800,000 pounds Process potatoes is 1,600,000 pounds Cost of direct material is $231,000 Cost of production support is $1,689,000 Number of unit processed is 1,600,000 pounds.

The cost per pound of potato cuts. Given information: Raw potatoes is 1,800,000 pounds Process potatoes is 1,600,000 pounds Cost of direct material is $231,000 Cost of production support is $1,689,000 Number of unit processed is 1,600,000 pounds.

The cost per unit pound of (a) retail potatoes and (b) institutional potatoes Given information: Direct material cost of retail potatoes cut is $207,900 and institutional potatoes cut is $23,100. Direct Packing cost of retail potatoes cut is $190,000 and institutional potatoes cut is $9,000.

The cost difference between the simple costing system and activity based costing and the use of activity based costing for better decision making.

Want to see the full answer?

Chapter 5 Solutions

The cost per pound of potato cuts.

Given information:

Raw potatoes is 1,800,000 pounds

Process potatoes is 1,600,000 pounds

Cost of direct material is $231,000

Cost of production support is $1,689,000

Number of unit processed is 1,600,000 pounds.

The cost per unit pound of (a) retail potatoes and (b) institutional potatoes

Given information:

Direct material cost of retail potatoes cut is $207,900 and institutional potatoes cut is $23,100.

Direct Packing cost of retail potatoes cut is $190,000 and institutional potatoes cut is $9,000.