Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Currambine Pty Ltd manufactures two products, Product C and Product D. In the current year Currambine produced 4,000 units of Product C and 2,000 units of Product D. The Company uses normal costing and activity-based costing (ABC) to allocate overheads. The following are the budgeted activity rates calculated for its three (3) activities: Activity Activity rate Machine set-ups $50 Design $60 General factory $9 Actual data relating to these activities for the current period are given below: Activity Cost Pool Actual Overhead Costs Actual Activity Product C Product D Total Machine set-ups $ 13,630 100 190 290 Design 113,750 500 1,250 1,750 General factory 68,860 4,160 2,100 6,260 $196,240
Required: 1. Calculate the unit manufacturing overhead cost for each product. 2. a. Classify each of the activity according to the cost hierarchy level; and b. specify a possible allocation base/ cost driver.
Activity
a. Cost Hierarchy Level
b. Allocation base/ cost driver
1. Machine set-ups
2. Design
-4- of 7
Question 2 contd.
3. Calculate for each activity and in total: a. The amount of overheads over or underallocated, b. specifying clearly whether the amount is over or under allocated
What is the Average Annual Investmentfor this machine? What is the ownership cost per hour? What is the operating cost per hour?
Does planning play a role in the allocation of resources in a modern mixed economy?
qthe subsequent information is available for lock-down company which produces special-order security products and uses
An order has been received from an overseas customer for 2,700 units to be delivered this month at a special discounted price. This order would have no effect on the company's normal sales and would not change the total amount of the company's fixed ..
These expenditures were incurred by Dunston Company in purchasing land: cash price $60,000; accrued taxes $5,000; attorney's fees $2,100; real estate broker's commission $3,300; and clearing and grading $3,500. What is the cost of the land
The company has $ 20,000 cash at the beginning of February and anticipates $ 75,000 in cash receipts and $ 100,250 in cash disbursements during February.
Morse Inc. is a retail company that uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory.
Identify the committees of the AICPA that established accounting principles prior to the establishment of the FASB and speculate as to why these two organizations failed.
q on january 1 2007 burke corporation signed a 5-year noncancelable lease for a machine. the terms of the lease called
Evaluate each of Huhs contentions. Do you agree or disagree? Why? What should Mr. Brosky do now - Review this case carefully and answer the questions
Explain to the business owner the - how he is violating the GAAP principles of revenue recognition and how the revenue should be recognized
What is the total cost of the imported parts from Singapore to the San Antonio plant in U.S. dollars? What would be the total cost of the imported parts from Singapore?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd