Display Design Incorporated (DDI) is a new company that creates display cases for various types of collectibles. DDI has hired you as an accountant to help measure and evaluate costs. Your first day on the job, they provide you with the following interactive dashboard concerning the prior month's costs. Cost ClassificationVariable68.37%Cost带+ableauFixed31.63%Type of CostWages paid to assembly workersWages paid to paintersPresident's salaryPlastic tubingAssembly supervisor's salaryFactory rentDepreciation for salespersons' vehiclesDepreciation on cutting machinesSales commissionsFactory insuranceUtilities for factoryCompany advertisingProduct82.89%$2,100$1,800$1,500$1,200$800Screws $600Paint $600Sandpaper $350$0$1,000$3,100$4,500$3,800$5,500Period17.11%$7,000$10,000Cost HeaderL₁DLDMMOHΝΑ$0 $10,000 $20,000 $30,000→$20,000$24,000TO回 Required:Utilizing the interactive dashboard, answer the following:Questions1. The highest costs for DDI are:2. Which of the following is a fixed product cost?3. Which of the following are a variable manufacturing overhead cost?4. What is the highest manufacturing overhead cost?5. Fixed products costs total what amount?6. Variable period costs total what amount?AnswersDirect LaborFactory RentSandpaperAssembly Supervisor's Salary

Companies generally incur two types of costs:- Fixed Cost- The cost that remains the same and does…

Required: Utilizing the interactive dashboard, answer the following: Questions 1. The highest costs for DDI are: 2. Which of the following is a fixed product cost? 3. Which of the following are a variable manufacturing overhead cost? 4. What is the highest manufacturing overhead cost? 5. Fixed products costs total what amount? 6. Variable period costs total what amount? Answers Direct Labor Factory Rent Sandpaper Assembly Supervisor's Salary

Required: Utilizing the interactive dashboard, answer the following: Questions 1. The highest costs for DDI are: 2. Which of the following is a fixed product cost? 3. Which of the following are a variable manufacturing overhead cost? 4. What is the highest manufacturing overhead cost? 5. Fixed products costs total what amount? 6. Variable period costs total what amount? Answers Direct Labor Factory Rent Sandpaper Assembly Supervisor's Salary

Financial & Managerial Accounting

14th Edition

ISBN:9781337119207

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter18: Activity-Based Costing

Section: Chapter Questions

Problem 2ADM

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services SQU Libraries SQU Portal Attendance English (en O b. OMR605 O c. OMR545 O d. OMR635 O e. OMR575 XYZ Company provided the following information regarding Product XY: Direct material costs OMR3 per unit of product; Direct labor costs OMR5 per direct labor hour; Predetermined overhead rate OMR10 per direct labor hour. The cost of a job for 550 units of product XY, which uses a total of 100 direct labor hours, is: Select one: Oa. OMR5,400 Ob. OMR3,300 Oc. OMR3,150 Od. None of the answers given e. OMR9,900 Total manutacturing costs assioned inclucted 10 units heom ofs tota mana
Saved Help Sav CH 07 i Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system cont following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Activity Rates $6 per direct labor-hour $ 4 per machine-hour $ 50 per setup $ 90 per order $ 14 per shipment $ 840 per product Production orders Shipments Product sustaining Activity data have been supplied for the following two products: Total Expected Activity K425 M67 Number of units produced per year Direct labor-hours 200 2,000 80 500 Machine-hours Machine setups Production orders 100 1,500 1 4 4 Shipments Product sustaining 1 10 1 Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system? DELL F3 prt sc home end F4 F5 F6
ParticularsAmountDirect materialR12Direct laborR50Variable manufacturing overheadR6.50Fixed manufacturing overhead (R81,000/2,550 units)R31.76Unit product cost for the month under absorption costingR100.26 Prepare an income statement for the month using the Marginal costing method
what is the product cost Factory rent$3,170Company advertising 1,030Wages paid to assembly workers 31,300Depreciation for salespersons’ vehicles 2,160Screws 560Utilities for factory 900Assembly supervisor’s salary 3,660Sandpaper 175President’s salary 5,090Plastic tubing 4,150Paint 275Sales commissions 1,210Factory insurance 1,040Depreciation on cutting machines 2,020Wages paid to painters 7,700
TB MC Qu. 4-94 Vanvalkenburg, Inc., manufactures and... Vanvalkenburg. Inc., manufactures and sells two products: Product GQ5 and Product JO. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Overhead Activity Cost Pools Measures Cost Product Q5 Product JØ Total Labor-related DLHS $191,748 70,536 295,592 Production orders 3,000 2,800 5,800 orders 300 500 800 Order size MHs 4,300 4,500 8,800 $557,876 The activity rate for the Order Size activity cost pool under activity-based costing is closest to: Multiple Cholce $36.23 per MH $68.48 per MH $96.19 per MH 10:54 AM 66°F Mostly cloudy 21 pe here to search 10/20/2021 DELL PgUp PgDn Ho Delete
TB MC Qu. 4-49 Boesenhofer, Inc., manufactures and sells... Boesenhofer, Inc., manufactures and sells two products: Product N6 and Product N7. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity Estimated Expected Activity Activity Overhead Activity Cost Pools Measures Cost Product N6 Product N7 Labor-related DLHS Total $345,060 128,534 107,598 2,100 600 4,100 Machine setups 5,000 800 3,800 setups 7,100 Order size MHs 1,400 7,900 $581,192 The activity rate for the Machine Setups activity cost pool is closest to: Multiple Cholce $73.57 per setup $91.81 per setup Prev of 36 Next > 10:54 AM 66°F Mostly cloudy 目。 21 10/20/2021 pe here to search DELL Home End Delete PgUp PgDn F12 PrtScr Insert F10 F11 F8 F9 F7 F4 F5 F6 F3 Num Lock Backspace & %23 %24
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.…
keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false E Print Item Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit): Standard Standard Standard %3D Quantity Price Cost Direct materials 3 pounds $4.50 per pound $13.50 Direct labor 2.00 hours 12.00 per hour 24.00 Total cost $37.50 Sitka Industries made 3,100 ladders in July and used 9,200 pounds of material to make these units. Sitka Industries bought 15,600 pounds of material in the curr period. There was a $300 unfavorable direct materials price variance. Enter all amounts as positive numbers. A. How much in total did Sitka pay for the 15,600 pounds? Amount paid B. What is the direct materials quantity variance? Direct materials quantity variance $ C. What is the total direct materials cost variance? Total direct materials cost variance $ D. What if 9,800 pounds were used to make these…
Business a Chapt X My Questi Reference ndenccinstructure.com/courses/3788/assignments/35967?module ite 0 View Policies Current Attempt in Progress A process with no beginning work in process, completed and transferred out 34100 units during a period and had 14600 units in the ending work in process that were 55% complete. How much is equivalent units of production for the period for conversion costs? O 56730 equivalent units. O 26070 equivalent units. O 42130 equivalent units. O 48700 equivalent units.
Unit costs associated with the sale of a product AA101: Direct Materials, P230 Direct labor, P120 Manufacturing support costs, P460 Sales staff salaries, P190Indirect costs per unit of AA101 area. P1000b. P650c. P540d. P580
ngageNOWv2 | Online teachin X + om/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... € Compute conversion costs given the following data: direct materials, $363,600; direct labor, $192,400; factory overhead, $204,500 and selling expenses, $35,600. Oa. $396,900 Ob. $568.100 Oc. $168,900 Od. $760,500 8 5/2
Problem 7-16 (Algo) Comparing Traditional and Activity-Based Product Margins [LO7-1, L07-3, LO7-4, LO7-5] Hi-Tek Manufacturing, Inc., makes two types of industrial component parts-the B300 and the T500. An absorption costing income statement for the most recent period is shown: Hi-Tek Manufacturing Inc. Income Statement $ 1,657,500 1,224,620 432,880 620,000 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating loss $4 (187,120) Hi-Tek produced and sold 60,500 units of B3o0 at a price of $19 per unit and 12,700 units of T500 at a price of $40 per unit. The company's traditional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labor dollars as the allocation base. Additional information relating to the company's two product lines is shown below: в300 T500 Total Direct materials $ 400,600 $ 120,400 $ 162,700 $ 42,000 563,300 162,400 498,920 Direct labor Manufacturing overhead Cost of goods sold $…