Homework Answers
| UNIT BATCH PLANT | |
| NUMBER OF SETUPS | MECHINE SETUPS AUTOMOBILE |
| MECHINE HOUR | RUNNING HOUR AUTOMOBILE |
| LOBOUR HOUR | PERFORMED AT EACH UNIT GROUP OF UNITS INSTALATION OF FRAME ENGINE BODY PARTS |
| QUALITY ASSURANCE INSPECTIONS | QUALITY CONTROL AUTOMOBILE |
| IMPORTATIONS /EXPORTATIONS COST | TRANSPORTATION COST AUTOMOBILE |
| FERMENTATIONS HOURS | PROCESS HOURS AUTOMOBILE |
|
NO OF INSPECTION |
INSPECTION HOURS AUTOMOBILE |
| BREWING HOURS | PRODUCTION COST AUTOMOBILE |
| PACKING HOURS | NO LOTS TO BE DISPATCHED AUTOMOBILE |
| NUMBER OF DELIVERIES | MATERIAL SUPPLY AUTOMOBILE |
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Question) Classify each of the following cost drivers below as Unit, Batch or Plant level: Number...
M4-3 (Static) Identifying Cost Drivers in an ABC System (LO 4-3) For each of the following...
M4-3 (Static) Identifying Cost Drivers in an ABC System (LO 4-3) For each of the following activities, indicate the appropriate category (unit, batch, product, or facility level) and suggest a possible cost driver for each pool: Activities Factory utilities Machine setups Research and development for a new product Sanding rough edges of the product Packaging the product for shipment Developing new packaging for a new product line Maintenance on equipment Assembling the product's component parts Materials handling costs Quality control...
For each of the following activities, indicate the appropriate category (unit, batch, product, or facility level)...
For each of the following activities, indicate the appropriate category (unit, batch, product, or facility level) and suggest a possible cost driver for each pool: Factory utilities Machine setups Research and development for a product Sanding rough edges of the product Packaging the product Developing new packaging Maintenance on equipment Assembling the products parts Materials handling costs Quality control testing
Classify whether the activity cost pools are at the unit, batch, product or facility level (cost...
Classify whether the activity cost pools are at the unit, batch, product or facility level (cost hierarchy). 1. Procurement of raw materials 2. Material handling 3. Machine set-ups 4. Production 5. Quality inspection 6. Distribution
Problem 2 The controller for the XZY Company has established the following overhead pools and cost...
Problem 2 The controller for the XZY Company has established the following overhead pools and cost drivers: Overhead Cost Pool Budgeted Overhead Cost Cost Driver Machine setups $100,000 Number of setups Material Handling $50,000 Units of Raw Material Quality control inspections $37,500 Number of Inspections Other overhead costs $100,000 Machine Hours Overhead Cost Pool Budgeted Level for Cost Driver Pool Overhead Rate Machine setups 100 setups $1,000 per setup Material Handling 50,000 units $1 per unit Quality control inspections 1,000...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools: Maintenance Materials handling Machine setups Inspections Fabrication Department Finishing Department Cost Driver $35,000 $25,000 Machine hours 30,000 15,000 Material moves 70,000 5,000 Machine setups 25,000 Inspection hours $135,000 $70,000 The following activity predictions were also made for the year: Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 10,000 5,000 3,000 1,500 700 1,000 50 It...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools Fabrication Department Finishing Department Cost Driver Maintenance Materials handling Machine setups Inspections $35,000 30,000 70,000 $25,000 Machine hours 15,000 Material moves 5,000 Machine setups 25,000 Inspection hours $135,000 $70,000 The following activity predictions were also made for the year: Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 5,000 1,500 50 1,000 10,000 3,000 700 It...
Classify each of the following costs as either unit-level, batch-level, product-level, or facility-level.
Classify each of the following costs as either unit-level, batch-level, product-level, or facility-level. a. Engineering costs for new product b. Order processing c. Depreciation on factory d. Direct labor
Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for...
Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for the given activity cost pools: Finishing Department Department Fabrication Cost Driver $ 30,000 15,000 Machine hours Maintenance Materials handling 22,500 Material moves 45,000 Machine 7,500 Machine setups 105,000 Inspections 37,500 Inspection hours $180,000 $82,500 Total The following activity predictions were also made for the year: Finishing Fabrication Department Department Machine hours 5,000 2,500 Material moves 1,500 750 Machine setups 350 25 Inspection hours 500...
Bonita Inc. has identified the following overhead costs and cost drivers for next year. Overhead Item...
Bonita Inc. has identified the following overhead costs and cost
drivers for next year.
Overhead
Item
Expected
Cost
Cost
Driver
Expected
Actual Transactions
Setup costs
$87,912
No. of setups
396
Ordering costs
46,800
No. of orders
3,900
Maintenance costs
125,000
Machine hours
25,000
Power
26,495
Kilowatt hours
75,700
The following are two of the jobs completed during the
year:
Job 700
Job 701
Direct materials
$1,200
$600
Direct labour
$890
$420
Units completed
250
100
Direct labour hours
40
20...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools Fabrication Department Finishing Department Cost Driver Maintenance Materials handling Machine setups Inspections $65,000 30,000 70,000 $55,000 Machine hours 15,000 Material moves 5,000 Machine setups 25,000 Inspection hours 165,000 $100,000 The following activity predictions were also made for the year Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 5,000 1,500 50 1,000 10,000 3,000 700 It...
M4-3 (Static) Identifying Cost Drivers in an ABC System (LO 4-3) For each of the following activities, indicate the appropriate category (unit, batch, product, or facility level) and suggest a possible cost driver for each pool: Activities Factory utilities Machine setups Research and development for a new product Sanding rough edges of the product Packaging the product for shipment Developing new packaging for a new product line Maintenance on equipment Assembling the product's component parts Materials handling costs Quality control...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools: Maintenance Materials handling Machine setups Inspections Fabrication Department Finishing Department Cost Driver $35,000 $25,000 Machine hours 30,000 15,000 Material moves 70,000 5,000 Machine setups 25,000 Inspection hours $135,000 $70,000 The following activity predictions were also made for the year: Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 10,000 5,000 3,000 1,500 700 1,000 50 It...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools Fabrication Department Finishing Department Cost Driver Maintenance Materials handling Machine setups Inspections $35,000 30,000 70,000 $25,000 Machine hours 15,000 Material moves 5,000 Machine setups 25,000 Inspection hours $135,000 $70,000 The following activity predictions were also made for the year: Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 5,000 1,500 50 1,000 10,000 3,000 700 It...
Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for the given activity cost pools: Finishing Department Department Fabrication Cost Driver $ 30,000 15,000 Machine hours Maintenance Materials handling 22,500 Material moves 45,000 Machine 7,500 Machine setups 105,000 Inspections 37,500 Inspection hours $180,000 $82,500 Total The following activity predictions were also made for the year: Finishing Fabrication Department Department Machine hours 5,000 2,500 Material moves 1,500 750 Machine setups 350 25 Inspection hours 500...
Bonita Inc. has identified the following overhead costs and cost
drivers for next year.
Overhead
Item
Expected
Cost
Cost
Driver
Expected
Actual Transactions
Setup costs
$87,912
No. of setups
396
Ordering costs
46,800
No. of orders
3,900
Maintenance costs
125,000
Machine hours
25,000
Power
26,495
Kilowatt hours
75,700
The following are two of the jobs completed during the
year:
Job 700
Job 701
Direct materials
$1,200
$600
Direct labour
$890
$420
Units completed
250
100
Direct labour hours
40
20...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools Fabrication Department Finishing Department Cost Driver Maintenance Materials handling Machine setups Inspections $65,000 30,000 70,000 $55,000 Machine hours 15,000 Material moves 5,000 Machine setups 25,000 Inspection hours 165,000 $100,000 The following activity predictions were also made for the year Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 5,000 1,500 50 1,000 10,000 3,000 700 It...
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