User Account

All Pages

What amount of shipping department costs

Assignment Help Accounting Basics
Reference no: EM131600424

Problem - Ritz Company sells fine collectible statues and has implemented activity-based costing. Costs in the shipping department have been divided into three cost pools. The first cost pool contains costs that are related to packaging and shipping and Rand has determined that the number of boxes shipped is an appropriate cost driver for these costs. The second cost pool is made up of costs related to the final inspection of each item before it is shipped and the cost driver for this pool is the number of individual items that are inspected and shipped. The final cost pool is used for general operations and supervision of the department and the cost driver is the number of shipments. Information about the department is summarized below:

Cost Pool Total Costs Cost Driver Annual Activity

Packaging and shipping $168,500

Number of boxes shipped 21,400 boxes

Final inspection $199,500

Number of individual items shipped 98,500 items

General operations and supervision $84,500

Number of orders 9,500 orders

Required - During the period, the Far East sales office generated 669 orders for a total of 6,010 items. These orders were shipped in 1,385 boxes. What amount of shipping department costs should be allocated to these sales?

Reference no: EM131600424

Questions Cloud

Select two different types of hospitals : Select two different types of hospitals. Identify the institutional similarities and differences in dealing with uncompensated care delivery.
What price should be charged : If the company marks up total cost by 0.45, what price should be charged if 61,000 units are expected to be sold
Giving bad news to a job applicant : SCENARIO- You are the hiring manager for a mid-sized company. You have narrowed the applicants for a managerial position to two: First
How much of the company profit should be placed in the bank : Which bank would you recommend, and how much of the company's profit should be placed in the bank?
What amount of shipping department costs : These orders were shipped in 1,385 boxes. What amount of shipping department costs should be allocated to these sales
Evidence-based interventions for populations : Identify two valid and reliable sources for evidence-based interventions for populations.
Statistics differ from descriptive statistics : Explain how inferential statistics differ from descriptive statistics, why inferential statistical methods are such a significant component of data analytics.
Summarize the article and align it with authors main point : Summarize the article and align it with the author's main point. How does this article contribute to contemporary thinking about business ethics?
How much total cost would be allocated to assembly cost : How much total cost would be allocated to the Assembly activity cost pool? Abagail Corp. uses activity-based costing system with three activity cost pools

Reviews

Write a Review

Accounting Basics Questions & Answers

  Bus 630 explore and determine the various arguments

Variable/Absorption Costing There are arguments (for and against) variable costing and absorption costing.  Select one of these costing methods and explore the various arguments.  Determine whether you are "for" or "against" this selected method.  Pr..

  Discuss the way in which bhp billiton

Discuss the way in which BHP Billiton has demonstrated its social and environmental accountability.

  Compute the depreciation for the second year

This problem belongs to Accounting and Compute the depreciation for the second year under each of the following methods: straight-line, production, and double-declining-balance

  Compute the companys margin turnover and return on

financial data for stirling inc. for last year are as follows stirling inc. balance sheetnbspnbspbeginning nbspnbsp

  How and where can internal auditing add value

Paper must provide a summary of the article in your own words (roughly one page). Include a section on the impact on internal auditing. What challenges does internal auditing face in assisting organizations in responding to this risk? What speci..

  Cash basis of accounting and accrual basis of accounting

What is the difference between the cash basis of accounting and the accrual basis of accounting? Which one would you select for a company that has inventory and why?

  Prepare a production budget for the second quarter of year

Prepare a production budget for the second quarter of the year. Show the number of units that should be produced each month as well as for the quarter in total

  What are the three main categories of manufacturing costs

Corey Rimmel, Adam Hendin, and David Melnick of Hot Box Cookies must understand manufacturing costs to effectively operate and succeed as a profitable.

  Prepare a single-step income statement for 2013 including

the following is a partial trial balance for general lighting corporation as of december 31 2013nbspnbspaccount

  The svelte jeans company produces two different types of

the svelte jeans company produces two different types of jeans. one is called the simple life and the other is called

  Treatment as an extraordinary item

Which of the following would be treated as an extraordinary item?

  Andersen accounting company for an audit

In September 2013, Painter Wax Corporation began operations in a state that requires new employers of one or more individuals to pay a state unemployment tax of 4.1% of the first $7,000 of wages paid each employee.

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd