Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following tableprovides data concerning the company's costs:Cleaning suppliesElectricityMaintenanceWages and salariesDepreciationRentAdministrative expensesFixed Costper MonthCost perCar Washed$ 0.70$ 1,200$ 0.06$ 0.30$ 4,500$ 0.30$ 8,000$ 2,100$ 1,700$ 0.02For example, electricity costs are $1,200 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in Augustand to collect an average of $6.70 per car washed.Required:Prepare the company's planning budget for August.Lavage RapidePlanning BudgetFor the Month Ended August 31RevenueExpenses:Cleaning suppliesElectricityMaintenance

Lavage RapidePlanning BudgetFor the month Ended August 31 (8,100 Cars)ParticularsAmount Revenue $…

Answered: Lavage Rapide is a Canadian company…

Managerial Accounting

15th Edition

ISBN:9781337912020

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

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

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 4E: For apparel manufacturer Abercrombie Fitch, Inc. (ANF), classify each of the following costs as...

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Browning Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: Depreciation on sales office Depreciation on factory equipment Factory supervisor salary Sales commissions Lubricants used in factory equipment Insurance costs for factory Wages paid to maintenance workers Fabric used to upholster furniture Freight-in (on raw materials) Costs of delivery to customers Wages paid to assembly-line workers Lumber used to build product $9300 16,800 50,100 23,400 3900 21,500 115,300 10,900 3000 9700 115,600 82,100 54,500 26,700 Utilities in factory Utilities in sales office Prime costs for Browning Furniture Company totaled $93,000. $377,000. $208,600. $211,600.
The related data of Pirena Company: Solvents and cleaners used by the custodians to clean the textbook printing presses P12,500 Depreciation on the automobiles used by sales representative P20,000 Fire insurance on factory building P18,200 Shipping costs on textbooks sold P 35,700 How much is the manufacturing overhead?
Refer to the following data: Direct material used $160 000 Marketing costs $ 5 000 Indirect labour $ 6 000 Depreciation on factory equipment $ 50 000 Wages of assembly line workers $ 30 000 Factory cleaners wages $ 25 000 Depreciation of computers used in a sales department $20 000 Oil consumed by sewing machines $ 5 000 Required: Determine each of the…
Hicks Contracting collects and analyzes cost data in order to track the cost of installing decks on new home construction jobs. The following are some of the costs that they incur. Classify these costs as fixed or variable costs and as product or period costs. Lumber used to construct decks ($12.00 per square foot) Carpenter labor used to construct decks ($10 per hour) Construction supervisor salary ($45,000 per year) Depreciation on tools and equipment ($6,000 per year) Selling and administrative expenses ($35,000 per year) Rent on corporate office space ($34,000 per year) Nails, glue, and other materials required to construct deck (varies per job)
Umbria, Inc. has compiled the following data: View the data. Compute the amount of direct materials used. I = Direct Materials Used Data Purchases of Direct Materials Freight In Property Taxes Ending Direct Materials Beginning Direct Materials Print Done O $ 6,600 800 1,400 1,600 4,400 X
Ethan Manufacturing Inc. produces floor mats for automobiles. The owner, Joseph Ethan, has asked you to assist in estimating maintenance costs. Together, you and Joseph determine that the single best cost driver for maintenance costs is machine hours. These data are from the previous fiscal year for maintenance costs and machine hours: Month 1 2345 67 000 8 9 10 11 12 Maintenance Costs $ 2,740 2,900 3,050 3,160 3,240 3,210 3,150 2,990 2,760 2,360 2,370 2,590 Machine Hours 1,830 1,910 1,990 2,010 2,040 2,020 2,000 1,980 1,840 Required 1 Required 2 1,240 1,440 1,730 Required: 1. What is the cost equation for maintenance costs using the high-low method? 2. Calculate the mean absolute percentage error (MAPE) for the cost equation you developed in requirement 1. Complete this question by entering your answers in the tabs below. Calculate the mean absolute percentage error (MAPE) for the cost equation you developed in requirement 1. (Do not round intermediate calculations, with the exception…
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Custom Creations Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: $ 9,800 16,900 50,700 23,900 3,400 21,900 115,600 10,100 3,100 9,700 Depreciation on sales office Depreciation on factory equipment Factory supervisor salary Sales commissions Lubricants used in factory equipment Insurance costs for factory Wages paid to maintenance workers Fabric used to upholster furniture Freight-in (on raw materials) Costs of delivery to customers Wages paid to assembly-line workers Lumber used to build product Utilities in factory Utilities in sales office Direct labor costs for Custom Creations Furniture Company totaled OA. $305,200. OB. $281,300. OC. $115,600. OD. $115.000. 115,000 82,600 54,300 26,700
Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs: Rent on manufacturing facility Office manager's salary Wages of factory machine operators Depreciation on manufacturing equipment Insurance and taxes on selling and administrative offices Direct materials purchased and used Multiple Choice Based on the above information, the amount of period costs shown on Steuben's income statement is: O $70,000 $5,000 $186,000 $116,000 65,000 45,000 15,000 $65,000 5,000 75,000
Metlock Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information $13,300 10.870 3,340 Manufacturing overhead 42,120 69,440 118,480 7,000 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used Determine the total amount of manufacturing overhead.. $59,480 39,820 2.150 1,130 1,720 12.900 2,260 su
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The costs incurred by Treats Bakery Ltd. as part of its operations are listed below. Cost Items Amount $ Insurance on factory equipment 4,700 Wheat Flour and other key baking materials 55,800 Depreciation of computers used in the sales department 1,500 Bakers’ wages 38,600 Utility cost of the sales department 1,300 Rental for factory space 7,800 Depreciation on ovens and other factory equipment 4,800 Rental of space for the sales department 5,600 Salary of factory supervisor 17,000 Factory utility cost 6,900 You are required to calculate the: a) Prime cost: b) Conversion cost: c) Period cost: d) Product cost: Show all calculations. :)

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