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Enter a formula into each of the cells marked with a below Review Problem: Activity-Based Costing Data Deluxe Tourist Annual sales in units 2,000 10,000 Direct materials per unit $25 $17 Direct labor-hours per unit 5 4 Direct labor rate $12 per DLH Estimated Overhead Expected Activity Activities and Activity Measures Cost Deluxe Tourist Total Labor related (direct labor-hours) $80,000? Machine setups (setups) 150,000 3,000 2,000 ? Production orders (orders) 70,000 100 300 ? General factory (machine-hours) 250,000 12,000 28,000? Compute the predetermined overhead rate Estimated total manufacturing overhead (a) Estimated total amount of the allocation base (b) DLHs Predetermined overhead rate (a) ÷ (b) per DLH Compute the manufacturing overhead applied Deluxe Tourist Direct labor-hours per unit (a) DLHs ? DLHs Predetermined overhead rate (b) ? per DLH ? per DLH Manufacturing overhead applied per unit (a) × (b) ?Compute traditional unit product costs Deluxe Tourist Direct materials ? Direct labor ? Manufacturing overhead applied ? Traditonal unit product cost? Compute activity rates Estimated Overhead Activities Cost Total Expected Activity Activity Rate Labor related ? DLHs ? per DLH Machine setups ? ? setups ? per setup Production orders ? orders ? per order General factory ? MHs ? per MH Compute the ABC overhead cost per unit Deluxe Tourist Activity Expected Expected Activities Rate Activity Amount Activity Amount Labor related ? Machine setups ? Production orders ? General factory ? Total overhead cost assigned (a) Number of units produced (b) ABC overhead cost per unit (a) ÷ (b) Compute the ABC unit product costs Deluxe Tourist Direct materials ? Direct labor ? ABC overhead cost per unit (see above) ABC unit product cost ?
Prepare a cash budget for Rotor Products, Inc. for the second quarter of 2006, based on the following information. The marketing department has provided you with the following sales estimates.
The Builtwell Construction Company is building a hospital for a third party. As such it borrows substantial funds from a foreign bank and repays the required interest costs as scheduled. Builtwell also incurs some foreign currency truncation gains an..
Evaluate pension expense for the year 2010. Prepare journal entry to record pension expense and the employer's contribution to the pension plan in 2010.
John called you late on Friday afternoon with a simple question. He is considering selling an old a car and wants to know what the tax implications will be.
Accounting standards place limits on the set of allowable alternative accounting treatments, but the accountant must still exercise judgment to choose among the remaining alternatives. In making those choices, which of the following should the accoun..
Digregory makes all purchases on account, subject to the following payment pattern: If purchases for January, February, and March were $195,000, $175,000, and $225,000, respectively, what were the firm's budgeted payments in March?
The STC Supply manufactures memory cards that sell to wholesalers for $4.00 each. Variable and fixed costs are as follows: Variable Costs per card: Fixed Costs per Month: Manufacturing Direct materials $0.60 Direct labor 0.50 Factory overhead 0.50 $1..
During its first year of operations, Silverman Company paid $11,440 for direct materials and $9,900 for production workers' wages. Lease payments and utilities on the production facilities amounted to $8,900
Explain the difference between occurrence and completeness for sales. What is the difference between a test of control and a substantive test of transactions? What is the difference between a substantive test of transactions and a test of details of ..
Identify the major stakeholders. If the plant accountant recommends the purchase, what are the consequences?
In 20X1 the partnership sustained a $33,000 loss before interest and salaries to partners. By what amount should Fox's capital account change? $7,000 increase.
On January 1, 2014, Jannison Inc. acquired 90% of Techron Co. by paying $477,000 cash. There is no active trading market for Techron stock. Techron Co. reported a Common Stock account balance of $140,000 and Retained Earnings of $280,000 at..
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