Homework Answers
I'm solving problem #2
.
Variable cost = (Cost at highest activity - Cost at lowest activity) /(Highest activity-Lowest activity)
= (17,000-12,500)/(10,000-7,000)
= 1.50 per mile
Fixed cost = Total cost - Variable cost
= 17,000 - (10,000*1.50)
= 2,000
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Compute total machine setups and inspection costs assigned to each product, using a single a. overhead...
do problem 1 d. $288,000. 100,000 Contribution margin ratio of 20%. The boom Section 2 Problems:...
do problem 1
d. $288,000. 100,000 Contribution margin ratio of 20%. The boom Section 2 Problems: (20 points each): GODE OS Problem # 1 Hayward Industries manufactures dinin award Industries manufactures dining chairs and tables. The following information is available: mot Dining Chairs Tables Total Costa Machine setups 200 600 250 $48,000 Inspections 470 2,600 27 $72,000 Labor hours 2,400 Hayward is considering switching from one ove costing. ing from one overhead rate based on labor hours to activity-based Instructions...
Question 1 Mace Company accumulates the following data concerning a mixed cost, using miles as the...
Question 1 Mace Company accumulates the following data concerning a mixed cost, using miles as the activity level. January 10.00 $15,000 13,500 4,400 12,500 February 8,00 March 9,000 7,500 April Instructions Compute the variable and fixed cost elements using the high-low method.
vuu Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Dr...
vuu Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Miles Driven Total Cost January 10,000 $16,500 March 9,000 $12,500 February 8,000 $14,500 April 7,000 $12,000 Instructions Compute the variable and fixed cost elements using the high-low method. 25. In the month of April, Avante Salon gave 2.500 haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were $20,000 and variable costs were 75%...
A. using the abc system, how much total manufacturing overhead cost would be assigned to product...
A. using the abc system, how much total manufacturing overhead
cost would be assigned to product Y?
B. Using ABC system, how mych total manufacturing overhead
cost woykd be assigned to product Z?
C.using the plabtwide iverhead rate, what percentage if the
total overbead cost is allocated to product Y and product Z?
D. Using ABC system, what percebtage if the machining costs is
assigned to product Y and product Z?
E. what percentage if machine setups cost is assigned...
Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y?...
Using the ABC system, how much total manufacturing overhead
cost would be assigned to Product Y?
Using the ABC system, how much total manufacturing overhead
cost would be assigned to Product Z?
Using the plantwide overhead rate, what percentage of the total
overhead cost is allocated to Product Y and Product Z?
Using the ABC system, what percentage of the Machining costs is
assigned to Product Y and Product Z?
Using the ABC system, what percentage of Machine Setups cost...
Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level....
Bruno Company accumulates the following data concerning a mixed
cost, using miles as the activity level.
Miles
Driven
Total
Cost
Miles
Driven
Total
Cost
January
7,995
$14,200
March
8,510
$15,010
February
7,510
13,510
April
8,195
14,495
Compute the variable cost per mile using the high-low method.
(Round variable cost per mile to 2 decimal places e.g.
1.25.)
Variable cost per mile
$
Compute the fixed cost elements using the high-low
method.
Fixed costs
$
Brief Exercise 18-04 Crane Company accumulates the following data concerning a mixed cost, using miles as...
Brief Exercise 18-04
Crane Company accumulates the following data concerning a mixed
cost, using miles as the activity level.
Miles
Driven
Total
Cost
Miles
Driven
Total
Cost
January
7,995
$14,200
March
8,550
$14,987
February
7,490
13,503
April
8,200
14,490
Compute the variable cost per mile using the high-low method.
(Round answer to 2 decimal places, e.g.
2.25.)
Variable cost per mile
$
Compute the fixed cost elements using the high-low
method.
Fixed costs
$
Compute the cost that is assigned to the car wheels and truck wheels product lines using...
Compute the cost that is assigned to the car wheels and truck wheels product lines using an activity-based costing system, given the following information. Estimated Use of Cost Drivers per Product Car Truck Number of setups Direct labor hours 200 40,000 100 800 27,000 1.100 Number of inspections Car Wheels Truck Wheels Setting up machines $ Assembling Inspection Total cost assigned Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to...
Brief Exercise 18-04 Blossom Company accumulates the following data concerning a mixed cost, using miles as...
Brief Exercise 18-04 Blossom Company accumulates the following data concerning a mixed cost, using miles as the activity level. January February Miles Driven 7,990 7,485 Total Cost $14,100 13,468 March April Miles Driven 8,490 8,190 Total Cost $14,875 14,485 Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) variable cost per miles Variable cost per mile LINK TO TEXT Compute the fixed cost elements using the high-low method. Fixed costs LINK...
Angara Corporation uses activity-based costing to determine product costs for external financial reports. The company has...
Angara Corporation uses activity-based costing to determine product costs for external financial reports. The company has provided the following data concerning its activity-based costing system: Activity Cost Pool (and Activity Measure) Total Cost Machine related (machine-hours) $ 137,600 Batch setup (setups) $ 532,800 Order size (direct labor-hours) $ 105,300 Total Activity Activity Cost Pools Product X Product Y Total Machine related 1,000 7,000 8,000 Batch setup 3,000 5,000 8,000 Order size 7,000 2,000 9,000 The activity rate for the batch...
do problem 1
d. $288,000. 100,000 Contribution margin ratio of 20%. The boom Section 2 Problems: (20 points each): GODE OS Problem # 1 Hayward Industries manufactures dinin award Industries manufactures dining chairs and tables. The following information is available: mot Dining Chairs Tables Total Costa Machine setups 200 600 250 $48,000 Inspections 470 2,600 27 $72,000 Labor hours 2,400 Hayward is considering switching from one ove costing. ing from one overhead rate based on labor hours to activity-based Instructions...
Question 1 Mace Company accumulates the following data concerning a mixed cost, using miles as the activity level. January 10.00 $15,000 13,500 4,400 12,500 February 8,00 March 9,000 7,500 April Instructions Compute the variable and fixed cost elements using the high-low method.
vuu Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Miles Driven Total Cost January 10,000 $16,500 March 9,000 $12,500 February 8,000 $14,500 April 7,000 $12,000 Instructions Compute the variable and fixed cost elements using the high-low method. 25. In the month of April, Avante Salon gave 2.500 haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were $20,000 and variable costs were 75%...
A. using the abc system, how much total manufacturing overhead
cost would be assigned to product Y?
B. Using ABC system, how mych total manufacturing overhead
cost woykd be assigned to product Z?
C.using the plabtwide iverhead rate, what percentage if the
total overbead cost is allocated to product Y and product Z?
D. Using ABC system, what percebtage if the machining costs is
assigned to product Y and product Z?
E. what percentage if machine setups cost is assigned...
Using the ABC system, how much total manufacturing overhead
cost would be assigned to Product Y?
Using the ABC system, how much total manufacturing overhead
cost would be assigned to Product Z?
Using the plantwide overhead rate, what percentage of the total
overhead cost is allocated to Product Y and Product Z?
Using the ABC system, what percentage of the Machining costs is
assigned to Product Y and Product Z?
Using the ABC system, what percentage of Machine Setups cost...
Bruno Company accumulates the following data concerning a mixed
cost, using miles as the activity level.
Miles
Driven
Total
Cost
Miles
Driven
Total
Cost
January
7,995
$14,200
March
8,510
$15,010
February
7,510
13,510
April
8,195
14,495
Compute the variable cost per mile using the high-low method.
(Round variable cost per mile to 2 decimal places e.g.
1.25.)
Variable cost per mile
$
Compute the fixed cost elements using the high-low
method.
Fixed costs
$
Brief Exercise 18-04
Crane Company accumulates the following data concerning a mixed
cost, using miles as the activity level.
Miles
Driven
Total
Cost
Miles
Driven
Total
Cost
January
7,995
$14,200
March
8,550
$14,987
February
7,490
13,503
April
8,200
14,490
Compute the variable cost per mile using the high-low method.
(Round answer to 2 decimal places, e.g.
2.25.)
Variable cost per mile
$
Compute the fixed cost elements using the high-low
method.
Fixed costs
$
Compute the cost that is assigned to the car wheels and truck wheels product lines using an activity-based costing system, given the following information. Estimated Use of Cost Drivers per Product Car Truck Number of setups Direct labor hours 200 40,000 100 800 27,000 1.100 Number of inspections Car Wheels Truck Wheels Setting up machines $ Assembling Inspection Total cost assigned Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to...
Brief Exercise 18-04 Blossom Company accumulates the following data concerning a mixed cost, using miles as the activity level. January February Miles Driven 7,990 7,485 Total Cost $14,100 13,468 March April Miles Driven 8,490 8,190 Total Cost $14,875 14,485 Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) variable cost per miles Variable cost per mile LINK TO TEXT Compute the fixed cost elements using the high-low method. Fixed costs LINK...
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