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#3Homework Answers
| 1.00 | Cost Driver | Total Activity Cost (A) | Standard (B) | Extra Virgin (C) | Total Hours (D) | Cost per acitvity (D/A) |
| Washing pressing and filtering Hours | 1,537,500.00 | 45,000.00 | 105,000.00 | 150,000.00 | 10.25 | |
| Number of bottles | 412,500.00 | 300,000.00 | 75,000.00 | 375,000.00 | 1.10 | |
| 2 | Extra Vigrin | |||||
| Cost Driver | Acitvity | Cost per acitvity | Total | |||
| Washing pressing and filtering Hours | 105,000.00 | 10.25 | 1,076,250.00 | |||
| Bottlings | 75,000.00 | 1.10 | 82,500.00 | |||
| Overhead Assigned to Extra Virgin | 1,158,750.00 | |||||
| Standard | ||||||
| Cost Driver | Acitvity | Cost per acitvity | Total | |||
| Washing pressing and filtering Hours | 45,000.00 | 10.25 | 461,250.00 | |||
| Bottlings | 300,000.00 | 1.10 | 330,000.00 | |||
| Overhead Assigned to Standard | 791,250.00 | |||||
| 3 | Total Manuafacturing Cost | |||||
| Standard | Extra Virgin | |||||
| Direct Material | 900,000.00 | 600,000.00 | ||||
| Add | Direct Labour | 375,000.00 | 150,000.00 | |||
| Add | Overhead Cost | 791,250.00 | 1,158,750.00 | |||
| = | Total Manuafacturing Cost | 2,066,250.00 | 1,908,750.00 | |||
| 4 | Gross Profit | |||||
| Standard | Extra Virgin | |||||
| Sales Revenue | 5,100,000.00 | 2,100,000.00 | ||||
| Less | Total Manuafacturing Cost | 2,066,250.00 | 1,908,750.00 | |||
| = | Gross Profit | 3,033,750.00 | 191,250.00 |
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E4-16 (Static) Calculate Total Manufacturing Costs and Gross Profit (LO 4-4) Rosehut Olive...
Rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin. Rosehut has...
Rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin. Rosehut has identified two activity cost pools, the related costs per pool, the cost driver for each pool, and the expected usage for each pool. Activity Total Activity Cost Cost Driver Standard Extra Virgin Washing, Pressing & Filtering (WPF) $ 1,778,400 Washing, Pressing, and Filtering hours 47,400 hours 108,600 hours Bottling $ 931,500 Number of bottles 324,000 bottles 81,000 bottles Additional information about each grade of...
Rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin. Rosehut has...
Rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin. Rosehut has identified two activity cost pools, the related costs per pool, the cost driver for each pool, and the expected usage for each pool. Total Activity Activity Cost Cost Driver Standard Extra Virgin Washing, Pressing & Filtering (WPF) $1,673,150 Washing, Pressing, and Filtering hours 46,400 hours 107,100 hours Bottling $ 706,500 Number of bottles 314,000 bottles 78,500 bottles Additional information about each grade of olive...
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Case Olive Oil Bertolli, an Italian leading companies in sales of olive oil, will be the...
Case Olive Oil
Bertolli, an Italian leading companies in sales of olive oil,
will be the primary player in the project “PREMIUM EXTRA VIRGIN
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project is to promote consumption of top-quality olive oil and
consequently motivate trade in extra-virgin olive oil between the
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relates to the contribution made by technological innovation to the
production chain of extra virgin olive...
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Case Olive Oil
Bertolli, an Italian leading companies in sales of olive oil,
will be the primary player in the project “PREMIUM EXTRA VIRGIN
OLIVE OIL” financed by the European Union. The main purpose of the
project is to promote consumption of top-quality olive oil and
consequently motivate trade in extra-virgin olive oil between the
European Union and Latin America. The main theme specifically
relates to the contribution made by technological innovation to the
production chain of extra virgin olive...
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