Answered: Fabrication Assembly Setup Inspection…

Name: Activity- based costing: factory overhead costsThe total factory overh
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Description: Activity- based costing: factory overhead costsThe total factory overhead for Bardot Marine Company is budgeted for the year at$600,000,divided into four activities:fabrication,$204,000;assembly,$105,000;setip,$156,000;and inspection,$135,000.Bardot

Business

Accounting

Fabrication Assembly Setup Inspection Speedboat 2,000 dlh 1,000 dlh 300 setups 1,100 inspections Bass boat 1,000 2,000 100 400 3,000 dlh 3,000 dlh 400 setups 1,500 inspections

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter13: Lean Manufacturing And Activity Analysis

Section: Chapter Questions

Problem 2PA

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Use Table 1 to answer this question. XYZ Corporation has provided the following data from its activity-based costing system (Table 1). The company makes 430 units of product ABA a year, requiring a total of 650 machine-hours, 40 orders, and 10 inspection-hours per year. The product's direct materials cost is $35.72 per unit and its direct labor cost is $29.46 per unit. According to the activity-based costing system, the average cost of product ABA is closest to: Select one: O a. $65.18 per unit. O b. $92.78 per unit. O c. $89.72 per unit. O d. none of the given answer. O e. $94.11 per unit.
Overheads cost analysisRProduction 4 400 000Materials handling 1 000 000Set-up 1 050 000Quality control 1 900 000Materials procurement 400 000Cost driver analysisCost drivers Product A Product B TotalDirect labour hours 320 000 180 000 500 000Number of set-ups 420 280 700Materials movements 700 300 1 000Number of orders 1 300 700 2 000Number of inspections 1 140 760 1 900 Annual outputProduct A 200 000 unitsProduct B 100 000 units Use the information provided below to calculate the overhead cost per product using the followingcosting systems: Traditional Absorption Costing, using direct labour hours as the basis for allocation.…
Quality Control Activities Activity Cost Process audits $50,300 Training of machine operators 27,900 Processing returned products 16,700 Scrap processing (disposal) 25,700 Rework 8,400 Preventative maintenance 27,600 Product design 42,100 Warranty work 6,900 Finished goods inspection 22,500 From the provided schedule of activity costs, determine the prevention costs. a. $97,600 b. $114,300 c. $106,000 d. $55,500
Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $50,200 Training of machine operators 26,300 Processing returned products 17,900 Scrap processing (disposal) 24,800 Rework 8,800 Preventative maintenance 30,500 Product design 45,300 Warranty work 9,500 Finished goods inspection 22,900 From the provided schedule of activity costs, determine the internal failure costs. Oa. $26,880 Ob. $33,600 Oc. $106,300 Od. $61,000
Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $51,100 Training of machine operators 26,500 Processing returned products 19,300 Scrap processing (disposal) 25,900 Rework 6,500 Preventative maintenance 29,500 Product design 45,700 Warranty work 7,500 Finished goods inspection 23,200 From the provided schedule of activity costs, determine the appraisal costs. a.$176,000 b.$74,300 c.$51,100 d.$119,500
gagenown/ilm/takeAssignment/takeAssignmentMain.do?invoker=&ta... A Q eBook Activity Fabrication Assembly Setup Inspecting Production scheduling Purchasing Activity Rate $24 per machine hour $13 per direct labor hour $50 per setup $28 per inspection $14 per production order $11 per purchase order The activity-base usage quantities and units produced for each product were as follows: Elliptical Machines Treadmill 1,687 419 53 Activity Base Machine hours Direct labor hours Setups Elliptical Machines Treadmill 4 Product Costs using Activity Rates Hercules Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows: C 101 Print Item % 15 5 732 $ Inspections Production orders Purchase orders 198 Units produced 286 Use the activity rate…
Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $51,400 Training of machine operators 27,000 Processing returned products 19,400 Scrap processing (disposal) 24,100 Rework 7,600 Preventative maintenance 32,000 Product design 40,000 Warranty work 9,000 Finished goods inspection 23,100 From the provided schedule of activity costs, determine the total activity cost. O a. $102,500 Ob. $233,600 Oc. $151,500 Od. $282,656
Use Table 2 to answer this question. XYZ Corporation has provided the following data from its activity-based costing system (Table 2). The company makes 430 units of product ABA a year, requiring a total of 1,120 machine-hours, 35 orders, and 40 inspection-hours per year. The product's direct materials cost is $49.81 per unit and its direct labor cost is $12.34 per unit. The product sells for $135 per unit. According to the activity-based costing system, the product margin for product ABA is: Select one: a. $5,965.50. b. none of the given answer. O c. $3,602.10. d. $4,290.10. e. $5,752.10.
HELP WITH CORRECT ANSWER AND WORKING Schedule of Activity CostsQuality Control ActivitiesActivity CostProcess audits$48,200Training of machine operators27,000Processing returned products16,700Scrap processing (disposal)25,200Rework8,900Preventative maintenance28,100Product design43,800Warranty work6,900Finished goods inspection23,000 From the above schedule of activity costs, determine the total activity cost. a. $227,800 b. $99,000 c. $275,638 d. $149,700
Manufacturing Overhead Indirect Materials Supervision Building depreciation Maintenance Purchasing Inspection Amount $ 22,100 45,368 67,200 23,800 19,812 16,320 Cost Driver Number of Units Number of Inspections Square Footage Direct Labor Hours Number of Purchase Orders Number of Inspections Electronic Keyboard 700 700 14,000 9,800 700 700 Digital Piano 300 900 6,000 4,200 900 900 Create a spreadsheet with an output section that: (i) determines the six overhead application rates to use under activity-based costing (be sure to label these!) (j) determines the total cost to manufacture one unit electronic keyboard using activity-based costing (show material, labor and overhead separately to enhance manager usefulness) (k) determines the total cost to manufacture one unit digital piano using activity-based costing (show material, labor and overhead separately to enhance manager usefulness) (L) calculates a suggested new selling price for each item based on recent industry reports that…
Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $50,400 Training of machine operators 26,300 Processing returned products 15,700 Scrap processing (disposal) 24,100 Rework 7,500 Preventative maintenance 28,800 Product design 44,900 Warranty work 9,400 Finished goods inspection 22,300 From the provided schedule of activity costs, determine the non-value-added costs. a.$114,500 b.$56,700 c.$229,400 d.$47,300
Process Assembly Finishing Support Activity Machining Setups Budgeted Cost $311,800 Activity Cost Driver Activity Usage Machine hours (MH) 7,600 24,000 $335,800 Setups 240 Inspecting Purchasing $ 224,000 Inspections 800 $ 130,000 Purchase orders 540 Additional production information concerning its two models follows. Units and Activities Units produced Machine hours Setups Inspections Purchase orders Per Unit Selling price per unit Direct materials cost per unit Direct labor cost per unit Model X Model Z 2,000 4,000 2,200 5,400 80 160 540 260 360 180 Model X $410 Model Z $ 390 160 110 145 160 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit).