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!
Kragan Clothing Company manufactures its own designed and labeled sports attire and sells its products through catalog sales and retail outlets. While Kragan has for years used activity-based costing in its manufacturing activities, it has always used traditional costing in assigning its selling costs to its product lines. Selling costs have traditionally been assigned to Kragan's product lines at a rate of 70% of direct material costs. Its direct material costs for the month of March for Kragan's "high intensity" line of attire are $390,700. The company has decided to extend activity-based costing to its selling costs. Data relating to the "high intensity" line of products for the month of March are as follows.
Activity Cost Pools
Cost Drivers
Overhead Rate
Number of Cost Drivers Used per Activity
(a)Compute the selling costs to be assigned to the "high-intensity" line of attire for the month of March: (1) using the traditional product costing system (direct material cost is the cost driver), and (2) using activity-based costing.
Traditional product costing
Activity-based costing
$
(b) By what amount does the traditional product costing system undercost or overcost the "high-intensity" product line?
(c) Classify each of the activities as value-added or non-value-added.
Activites
overhead activity health insurance premiums. your firm picks up 80 of health insurance for its employees. identify at
lichty car wash has some equipment that needs to be rebuilt or replaced. the following information has been gathered
randolph company produces two fountain pen models. information about its products follows product a product b sales
Record the treasury stock transactions (given below) under the cost method of handling treasury stock; use the FIFO method for purchase-sale purposes.
William's basis in the WAM Partnership interest was $100,000 just before he received a proportionate liquidating distribution consisting of investment land (basis of $30,000, fair market value $40,000), and inventory (basis of $30,000, fair market..
Compute depreciation for 2011 and 2012 and the book value of the drill press at December 31, 2011 and 2012, assuming the straight-line method is used.
mike and carl want to start a business of providing courier services. the have the following options available
The SAS Co. entered into a lease on 1/1/09 with semiannual payments beginning 6/30/09. The leased equipment had a cost/FMV at inception of $1.2 million. Further assume that SAS knew the lessor's implicit rate of 6%.
Some commentators have criticized the use of equity accounting on the basis that it can be used as a form of off balance sheet financing. Explain the reasoning behind the use of equity accounting and discus the comments.
iguana inc. manufactures bamboo picture frames that sell for 22 each. each frame requires 3 linear feet of bamboo which
you plan to hold a weekly breakfast meeting with your team of strategic planners to practice assessing an industry. for
mathews and company has 112000 in an accrued payroll account. the companys weekly payroll is 186700 and the accrual
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