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!
Question - Hopson Inc. uses a volume-based costing system that applies overhead cost based on direct labor hours at $250 per direct labor hour. The company is considering adopting an activity-based costing system with the following data:
Activity Area
Cost Driver
Cost Driver Rate
Materials handling
# of parts
2.5
Machine runs
# of turns
0.6
Milling
# of machine hours
20.0
Grinding
1.5
Testing
# of units tested
15.0
The two jobs processed in the month of June had the following characteristics:
Job 101
Job 102
Direct material costs
$20,000
$60,000
Direct labor costs
$2,000
$30,000
# of direct labor hours
50
500
1,000
3,000
20,000
50,000
150
20
250
Required -
a. Compute the unit manufacturing cost of each job under the firm's current volume-based costing system.
b. Compute the unit manufacturing cost of each job under the activity-based costing system.
c. Compare the unit manufacturing cost for Jobs A and B computed in requirements 1 and 2.
d. Why do the two cost systems differ in their total cost for each job?
e. Why might these differences be important to the Company?
Sandy's Socks makes the world's best socks. Using the high-low method, calculate the total fixed cost per month and the variable cost per sock
What is the production budgeted for the third quarter? Company policy is to have a finished goods inventory at the end of each quarter
Compute the predetermined overhead rate that was used during the year. Compute the cost of direct materials purchased during the year
Ordinary income and Statutory income
How does a "JIT" plant such as Hyundai benefit from the use of EDI? In other words, why does the information flow technique (EDI) improve upon the procurement.
Calculate Kaushtuppers minimum (necessary to avoid penalties) estimated tax payments for the 1-4thquarters of 2018
create a formula that checks whether the sum of the net book value column equals the sum of acquisition costs minus
What are the three main accounts a business maintains and what information is included in accounts? Why? Include in-text citations as appropriate.
On October 1, Kenny Inc. signed a $50,000 note payable with First County Bank. Prepare the adjusting journal entry required at October 31.
Sun estimates the fair value of the recourse liability at $100,000. What would be recorded as a gain (loss) on the transfer of receivables?
The Warner Corporation has gross income of $560,000. It has business Expenses of $325,000, a capital loss of $20,000 and $2,500 of interest income on temporary investments. What is the corporation's taxable income?
The total unamortized bond discount at the date of conversion was $1,000,000. In applying the book value method, what amount should Morgan credit to the account "paid-in capital in excess of par," as a result of this conversion?
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