Reference no: EM132692244
St. James, Inc., currently uses traditional costing procedures to allocate manufacturing overhead to its two products, Beta and Zeta, on the basis of direct labor hours. For 2018, St. James has budgeted $820,000 of manufacturing overhead for 4,000 direct labor hours. St. James, Inc. is considering a shift to activity-based costing (ABC) with the creation of individual cost pools that will use direct labor hours (DLH), production set-ups (SU) and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes are:
Pool #1 Pool #2 Pool #3
Product (Driver: DLH) (Driver: SU) (Driver: PC)
Beta 1,200 DLH 45 set-ups 2,250 PC
Zeta 2,800 DLH 55 set-ups 750 PC
4,000 DLH 100 set-ups 3,000 PC
Pool Cost $160,000 $300,000 $360,000
Problem a) using traditional costing procedures, what is the predetermined overhead rate?
Problem b) the overhead cost allocated to Beta by using Activity Based Costing procedures would be:
Journalize entries to record semiannual interest received
: Gonzalez Company sold $70,000 of the bonds for 97. Journalize entries to record the following in Year 1: The semiannual interest received on November 1
|
How different clients store messaging information critical
: Using Chapter 10 as a reference, explain the concept of information stores. Why is an understanding of how different clients store messaging information.
|
Leadership labyrinth
: As the course textbook indicates, the glass ceiling has become more of a leadership labyrinth.
|
What is the current market price
: You are purchasing a 15-year, zero-coupon bond. The yield to maturity is 6.65 percent and the face value is $1,000. What is the current market price?
|
What the overhead cost allocated to beta by using abc
: St. James, Inc., currently uses traditional costing procedures, What the overhead cost allocated to Beta by using Activity Based Costing procedures would be
|
Explain percent range for the equity risk premium
: Assume a stock had an historical equity risk premium of 5.49 percent and a standard deviation of 11.46 percent over the past two decades.
|
Compute the dividend yield for Wilkerson Company
: For the previous year, Wilkerson paid an annual dividend of $1.20. Compute the dividend yield for Wilkerson Company
|
Corporate and business level strategies of company
: Identify the corporate and business level strategies of the Company. Summarize your Recommendation to the Company.
|
Compute the dividend yield for Setzer Corporation
: For the previous year, Setzer paid an annual dividend of $4.00. Compute the dividend yield for Setzer Corporation
|