Homework Answers
| a-1) | Activity | cost per unit | |||||||
| Process paychecks | 11.40 | (cost/paychecks processed) | |||||||
| a-2) | Activity | cost per unit | |||||||
| Maintain customer accounts | 31.00 | (cost/customer accounts) | |||||||
| a-3) | Activity | cost per unit | |||||||
| Perform special analysis | 3910 | (cost/special analysis) | |||||||
| b) | Process paychecks | (920*11.40) | 10488 | ||||||
| Maintain customer accounts | (230*31) | 7130 | |||||||
| Perform special analysis | (3*3910) | 11730 | |||||||
| average fixed cost | (548,518/16) | 34282 | |||||||
| Estimated cost | 63630 | answer | |||||||
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Problem 5-49 Account Analysis (LO 5-3) The accounting department of a large limousine company is analyzing...
The accounting department of a large limousine company is analyzing the costs of its services. The...
The accounting department of a large limousine company is analyzing the costs of its services. The cost data and level of activity for the past 16 months follow: Month Special Analyses Customer Accounts 350 240 190 Paychecks Processed 1.150 1,220 1,280 1.000 1.110 980 830 340 260 310 250 290 840 Accounting Service Costs S 58.300 61,000 61,000 61,000 60,600 59,700 53,100 58,200 58,900 59,400 59,100 58,100 60,700 61,100 60,100 59,200 S 954,500 320 180 200 320 210 180 200...
Problem 3535 Ayu) Alluun The accounting department of a large limousine company is analyzing the costs...
Problem 3535 Ayu) Alluun The accounting department of a large limousine company is analyzing the costs of its services. The cost data and level of activity for the past 16 months follow. Special Customer Analyses Accounts Month 150 3:40 250 28 190 Paychecks Processed 940 850 1,090 1.300 1.020 1,300 1.07e 1,280 1.680 1.179 1.250 1,010 1,160 1,290 820 350 Accounting Service Costs 58.200 60.200 58.500 58,300 61,000 59,700 61,700 60,909 58,200 58,900 58,300 58.200 60,400 59,400 60,100 61.cee 5953.600...
The accounting department of a large limousine company is analyzing the costs of its services. The...
The accounting department of a large limousine company is analyzing the costs of its services. The cost data and level of activity for the past 16 months follow. Month Special Analyses Customer Accounts Paychecks Processed Accounting Service Costs 1 3 300 1,240 $ 61,000 2 2 260 1,120 58,300 3 4 270 1,280 61,500 4 3 290 1,230 60,000 5 3 240 890 58,000 6 3 320 930 61,500 7 4 260 1,140 59,700 8 3 280 820 59,700 9...
The accounting department of a large limousine company is analyzing the costs of its services. The...
The accounting department of a large limousine company is analyzing the costs of its services. The cost data and level of activity for the past 16 months follow: Month Special Analyses Customer Accounts Paychecks Processed Accounting Service Costs 1 0 150 1,270 $ 60,600 2 4 150 1,020 61,000 3 4 260 1,290 59,700 4 3 320 1,200 59,200 5 3 180 910 60,300 6 3 210 970 60,600 7 3 310 1,210 61,200 8 4 220 1,000 61,900 9...
2. The accounting department of a large limousine company is analyzing the costs of its services....
2. The accounting department of a large limousine company is analyzing the costs of its services. The cost data and level of activity for the past 16 months follow. Month Special Analyses Customer Accounts Paychecks Processed Accounting Service Costs 1 4 190 1,150 $ 58,000 2 1 300 1,290 60,800 3 4 240 1,170 58,300 4 4 330 1,150 59,400 5 1 340 970 60,600 6 2 220 1,140 60,500 7 4 200 1,300 59,200 8 3 220 1,020 61,900...
Exercise 5-35 Customer Profitability Analysis (LO 5-6] Colleen Company has gathered the following data pertaining to...
Exercise 5-35 Customer Profitability Analysis (LO 5-6] Colleen Company has gathered the following data pertaining to activities it performed for two of its major customers. Jerry, Inc. Kate Co. 40 3,000 150 Number of orders Units per order Sales returns: Number of returns Total units returned Number of sales calls Colleen sells its products at $220 per unit. The firm's gross margin ratio is 30%. Both Jerry and Kate pay their accounts promptly and no accounts receivable is over 30...
Weisgarber Corporation is conducting a time-driven activity-based costing study in its Customer Service Department. The company...
Weisgarber Corporation is conducting a time-driven
activity-based costing study in its Customer Service Department.
The company has provided the following data to aid in that
study:
Weisgarber Corporation
Customer Service Department
Data Inputs
Resource Data:
Number of employees
24
Average salary per employee
$
37,710
Weeks of employment per year
50
Minutes available per week (40 hours × 60 minutes)
2,400
Practical capacity percentage
90
%
Activity Data:
Processing Orders
Resolving Queries
Processing Credit Reviews
Minutes per unit of the...
Exercise 5-31 Methods of Estimating Costs: Account Analysis (LO 5-3) Records at Hal's Accounting Services show...
Exercise 5-31 Methods of Estimating Costs: Account Analysis (LO 5-3) Records at Hal's Accounting Services show the following costs for year 1: S Direct materials and supplies Employee costs Total Overhead 47,000 2,600,000 1,320,000 Production was 50,000 billable hours. Fixed overhead was $730,000. Assuming no change in billable hours in year 2, direct materials and supplies costs are expected to increase by 10 percent. Direct labor costs are expected to increase by 15 percent. Variable overhead per billable hour is...
Exercise 9-37 Activity-Based versus Traditional Costing (LO 9-4, 5, 6) Maglie Company manufactures two video game...
Exercise 9-37 Activity-Based versus Traditional Costing (LO 9-4, 5, 6) Maglie Company manufactures two video game consoles: handheld and home. The handheld consoles are smaller and less expensive than the home consoles. The company only recently began producing the home model. Since the introduction of the new product, profits have been steadily declining. Management believes that the accounting system is not accurately allocating costs to products, particularly because sales of the new product have been increasing. Management has asked you...
Problem 7-48 Joint Products; By-Products (Appendix) [LO 7-6, 7-7] The Marshall Company has a joint production...
Problem 7-48 Joint Products; By-Products (Appendix) [LO 7-6, 7-7] The Marshall Company has a joint production process that produces two joint products and a by-product. The joint products are Ying and Yang, and the by-product is Bit. Marshall accounts for the costs of its products using the net realizable value method. The two joint products are processed beyond the split-off point, incurring separable processing costs. There is a $1,300 disposal cost for the by- product. A summary of a recent...
The accounting department of a large limousine company is analyzing the costs of its services. The cost data and level of activity for the past 16 months follow: Month Special Analyses Customer Accounts 350 240 190 Paychecks Processed 1.150 1,220 1,280 1.000 1.110 980 830 340 260 310 250 290 840 Accounting Service Costs S 58.300 61,000 61,000 61,000 60,600 59,700 53,100 58,200 58,900 59,400 59,100 58,100 60,700 61,100 60,100 59,200 S 954,500 320 180 200 320 210 180 200...
Problem 3535 Ayu) Alluun The accounting department of a large limousine company is analyzing the costs of its services. The cost data and level of activity for the past 16 months follow. Special Customer Analyses Accounts Month 150 3:40 250 28 190 Paychecks Processed 940 850 1,090 1.300 1.020 1,300 1.07e 1,280 1.680 1.179 1.250 1,010 1,160 1,290 820 350 Accounting Service Costs 58.200 60.200 58.500 58,300 61,000 59,700 61,700 60,909 58,200 58,900 58,300 58.200 60,400 59,400 60,100 61.cee 5953.600...
Exercise 5-35 Customer Profitability Analysis (LO 5-6] Colleen Company has gathered the following data pertaining to activities it performed for two of its major customers. Jerry, Inc. Kate Co. 40 3,000 150 Number of orders Units per order Sales returns: Number of returns Total units returned Number of sales calls Colleen sells its products at $220 per unit. The firm's gross margin ratio is 30%. Both Jerry and Kate pay their accounts promptly and no accounts receivable is over 30...
Weisgarber Corporation is conducting a time-driven
activity-based costing study in its Customer Service Department.
The company has provided the following data to aid in that
study:
Weisgarber Corporation
Customer Service Department
Data Inputs
Resource Data:
Number of employees
24
Average salary per employee
$
37,710
Weeks of employment per year
50
Minutes available per week (40 hours × 60 minutes)
2,400
Practical capacity percentage
90
%
Activity Data:
Processing Orders
Resolving Queries
Processing Credit Reviews
Minutes per unit of the...
Exercise 5-31 Methods of Estimating Costs: Account Analysis (LO 5-3) Records at Hal's Accounting Services show the following costs for year 1: S Direct materials and supplies Employee costs Total Overhead 47,000 2,600,000 1,320,000 Production was 50,000 billable hours. Fixed overhead was $730,000. Assuming no change in billable hours in year 2, direct materials and supplies costs are expected to increase by 10 percent. Direct labor costs are expected to increase by 15 percent. Variable overhead per billable hour is...
Exercise 9-37 Activity-Based versus Traditional Costing (LO 9-4, 5, 6) Maglie Company manufactures two video game consoles: handheld and home. The handheld consoles are smaller and less expensive than the home consoles. The company only recently began producing the home model. Since the introduction of the new product, profits have been steadily declining. Management believes that the accounting system is not accurately allocating costs to products, particularly because sales of the new product have been increasing. Management has asked you...
Problem 7-48 Joint Products; By-Products (Appendix) [LO 7-6, 7-7] The Marshall Company has a joint production process that produces two joint products and a by-product. The joint products are Ying and Yang, and the by-product is Bit. Marshall accounts for the costs of its products using the net realizable value method. The two joint products are processed beyond the split-off point, incurring separable processing costs. There is a $1,300 disposal cost for the by- product. A summary of a recent...
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