TB MC Qu. 4-24 (Static) Privott, Incorporated, manufactures... Privott, Incorporated, manufactures and sells two products: Product Z9 and Product NO. The company is considering adopting an activity- based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Overhead Cost $ 324,018 Expected Activity Activity Cost Pools Activity Measures Product Z9 Product NO Total Labor-related DLHS Product testing tests Order size MHs 45,747 471,108 6,400 400 3,000 9,400 500 900 4,000 4,300 8,300 $ 840,873 The activity rate for the Labor-Related activity cost pool under activity-based costing is closest to: Multiple Choice $91.49 per DLH $934.30 per DLH $114.37 per DLH
Q: answer without fail
A: Absolutely, let's calculate the financial metrics for Adams Company:a) Net Sales:Net sales is the…
Q: provide correct option
A: Step 1: The Gross Profit is calculated as follows:- Gross Profit = Net sales - Cost of goods sold…
Q: The Trailer division of Baxter Bicycles makes bike trailers that attach to bicycles and can carry…
A: 1. Setting Minimum and Maximum Transfer PricesWe need to consider two factors:Variable Cost per…
Q: ! Required information [The following information applies to the questions displayed below.] On…
A: Allocation of Purchase Price Appraised Value % of total appraised value Total Cost of Acquisition…
Q: M11-6 (Algo) Calculating Net Present Value [LO 11-3] Citrus Company is considering a project with…
A:
Q: Manji
A: Step 1:Calculation of cash flow from sale of investment securities: Beginning investment…
Q: Ashvinbhai
A: Step 1: Basics:Direct Material Budget-This budget is prepared to estimate the number of units and…
Q: The Foundational 15 (Algo) [LO12-1, LO12-2, LO12-3, LO12-5, LO12-6] [The following information…
A: Answer information:2a Net operating income420000 Add: Depreciation578000 Annual net cash flow998000…
Q: Depletion Instructions Chart of Accounts First Questions Journal Instructions Snowcap Mining Co.…
A: Step 1: It is given that Snowcap Mining Co. acquired mineral rights for $165,025,000. The mineral…
Q: Net Work Corporation, whose annual accounting period ends on December 31, issued the following…
A: Bonds Issued at Par:In this case, the bonds are issued at their face value, which is also known as…
Q: answer in text with all working explanation steps correctly for each part and step no copy paste…
A: Please comment down for any doubt. I hope my answer helps you.
Q: Dineshbhai
A: Requirement AStep 1: Compute the sales of the special offer Selling price per unit of special offer…
Q: City Annual Fixed Charge ($1,000s) $276 1. Atlanta 2. Charlotte 253 3. Cincinnati 394 4. Cleveland…
A: The decision-making process involved in determining the optimal placement of distribution centers…
Q: Assume that ACW Corporation has 2023 taxable income of $1,600,000 for purposes of computing the $179…
A: You've correctly identified the answers for ACW Corporation's Section 179 deduction and total…
Q: Vikarmbhai
A: t1. Present Value of After-Tax Cash Flows for 4 Years from Operating SavingsCalculate the annual…
Q: Sale of Equipment Instructions Chart of Accounts First Questions Journal Instructions Equipment was…
A: Approach to solving the question: For better clarity of the solution, I have provided the…
Q: This is a more difficult but informative problem. James Brodrick & Sons, Incorporated, is growing…
A: 4. Dividend Payout Ratio Calculation:Once you determine the dividend amount for each year…
Q: None
A: You're right, unfortunately the information provided (beginning inventory of $31,000 and a gross…
Q: Mastery Problem Hurst Company’s beginning inventory and purchases during the fiscal year ended…
A: Hurst Company Inventory ValuationWe will solve this problem step-by-step, calculating the cost of…
Q: Required Information Problem 9-60 (LO 9-4) (Static) [The following Information applies to the…
A: Income under cash method$800Income under accrual method$800 Scenario: Jeremy, a taxpayer, received…
Q: Sagar
A: Cron CorporationDetermination of the issue price on January 1, this year:Issue price = PV of bonds +…
Q: Quick Computing installed its previous generation of computer chip manufacturing equipment 3 years…
A: Step 1: The calculation of the after-tax cash flow AB1Original cost $ 37.5 2Useful…
Q: Rahul
A: In preparing the multiple-step income statement for Freedom Fireworks, first, you accounted for the…
Q: Abtos company is a U.S. Manufacturer that is publicly traded. Abtos reports $12 million of Inventory…
A: a)Yes, Abtos Company is typically required to disclose the amounts for each class of inventory—raw…
Q: Rosemarie Lee bought mactinery for $40,000. At the end of its usoful libe of 4 years, the tesidual…
A: Depreciation is a crucial accounting concept that allocates the cost of a long-term asset over its…
Q: Dengar
A: To calculate the allowable depreciation for Evergreen Corporation's assets, we use the Modified…
Q: provide correct answer
A: Step 1: Goods available for sale UnitsPer unitTotal costBeginning inventory 80$57$4,560Purchases:…
Q: Domestic
A: Step 1:initial cost of the project is $2,921.The annual savings from the project are $560 for 10…
Q: Sweet Acacia Company is considering a capital Investment of $167.000 for a new machine. The new…
A: Based on the NPV analysis, Sweet Acacia Company should not invest in the new machine at this time.…
Q: Question: 1 Sprouts Corporation reported net cash provided by operating activities of $412,000, net…
A: Question 1Answer and explanationStep :1 Sprouts Corporation will need the following inputs to…
Q: Pacifico Company, a U.S.-based importer of beer and wine, purchased 1,400 cases of Oktoberfest-style…
A: Record changes in fair value of call option (Monthly):Similar to point 2, journalize the change in…
Q: Denjar
A: Certainly, here are the journal entries assuming straight-line depreciation for the sale of the…
Q: Smart Workout Fitness Gym has $300,000 of 20-year bonds payable outstanding. These bonds had a…
A: Let's calculate the amount of cash that Superb Entertainment Center received when it issued the…
Q: Ashavinbhai
A: Solution By StepsStep 1: Calculate Gross Pay for Each Employee For Kelly:40 hours at $21 per hour =…
Q: Cardinal Company is considering a five-year project that would require a $2,955,000 investment in…
A: Step 1:Actual Net Present Value (NPV):Year 1:Sales: $2,865,000Variable expenses: $2,865,000 × 0.45 =…
Q: What is the correct method for treating a vesting differential linked to the acquisition of shares?…
A: When a parent company acquires shares in a subsidiary, they often pay more or less than the book…
Q: Problem 23-4 (AICPA Adapted) Wilbur Company traded a used equipment for a newer model with a dealer.…
A: Step 1:To record exchange transaction where willbur company trades it's used equipment for a newer…
Q: Golden Corporation's current year income statement, comparative balance sheets, and additional…
A:
Q: Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and…
A: Detailed explanation:Cost of goods available for sale is the total of beginning inventory and the…
Q: None
A: **December 31, 2025:** ``` Date Account Titles and Explanation Debit Credit Dec.…
Q: Hiawatha Hydrant Company manufactures fire hydrants in Oswego, New York. The following information…
A: 1. Manufacturing Cycle Efficiency (MCE)Manufacturing cycle efficiency (MCE) is a metric used in…
Q: Please answer in graph format provide graph for all 3 columns
A: Here's the cost assigned to ending inventory for Warnerwoods Company using FIFO, LIFO, Weighted…
Q: Gadubhai
A: Cherrylawn Corporation - Profit Variance AnalysisActual Manufacturing Variances Sales Price Variance…
Q: ! Required information Miami Solar manufactures solar panels for industrial use. The company budgets…
A: Detailed calculation and explanation:Factory overhead budget shows the expected overhead to be…
Q: Provide answer 1 and 2
A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…
Q: Texas Petrochemical reported the following April activity for its VC-30 lubricant, which had a…
A: To calculate the ending inventory using the LIFO method and a periodic inventory system, we need to…
Q: 2021 Sales Cost of goods sold Accounts receivable $ 282,880 128,200 18,100 2020 $ 270,800 122,080…
A: Step :
Q: provide answer with calculation
A: To determine the costs to be assigned to the units transferred out and the units in the ending work…
Q: show working with answer
A: To determine amount of paid in capital and cost of the treasury stock Amount of paid in capital…
Q: please answer in text from without copy paste and with all workings explanation , concept ,…
A: Given information, Purchase of investments = $260Dividends paid = $1,210Interest paid =…
Vushnu
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases. a. Direct material cost per unit. b. Fees for using a patent of $500,000 plus $0.25 for each unit produced. c. Salary of quality control supervisor. d. Straight-line depreciation per unit on factory equipment. e. Total direct materials cost.Activity-based costing in an insurance company Umbrella Insurance Company carries three major lines of insurance: auto, workers' compensation, and homeowners. The company has prepared the following report for 20Y2: Management is concerned that the administrative expenses may make some of the insurance lines unprofitable. However, the administrative expenses have not been allocated to the insurance lines. The controller has suggested that the administrative expenses could be assigned to the insurance lines using activity-based costing. The administrative expenses are comprised of five activities. The activities and their rates are as follows: Activity-base usage data for each line of insurance were retrieved from the corporate records and are shown below. a.Complete the product profitability report through the administrative activities. b.Determine the underwriting income as a percent of premium revenue. C.Determine the Operating income as a percent of premium revenue, rounded to one decimal place. d.Interpret the report.Product cost concept of product pricing Based on the data presented in Exercise 12-15, assume that Willis Products Inc. uses the product cost concept of applying the cost-plus approach to product pricing. a.Determine the total manufacturing costs and the cost amount per unit for the production and sale of 200,000 units. b.Determine the product cost markup percentage per unit. Round to two decimal place. c.Determine the selling price per unit. Round to the nearest dollar.
- Privott, Inc., manufactures and sells two products: Product Z9 and Product N0. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Cost Pools Activity Measures Overhead Cost Product Z9 Product N0 Total Labor-related DLHs $ 327,018 6,700 3,300 10,000 Product testing tests 47,247 550 650 1,200 Order size MHs 472,608 4,300 4,600 8,900 $ 846,873 The activity rate for the Labor-Related activity cost pool under activity-based costing is closest to: Multiple Choice A. $72.69 per DLH B. $705.73 per DLH C. $85.90 per DLH D. $32.70 per DLHDeuter Int’l Business manufactures two products, Product L11 and Product L12. The company is considering adopting an activity-based costing system with the following activity pools, activity measures, and expected activity: Expected Activity Activity Cost Pools Estimated Overhead Cost Product L11 Product 12 Total Machine setups required $200,000 600 1,400 2,000 Purchase orders issued 38,382 500 100 600 Machine-hours required 92,650 6,800 10,200 17,000 $331,032 The amount overhead costs assigned to Product L11 would be closest to: Question 15 options: 1) $331,032 2) $129,045 3) $165,516 4) $130,758COVID 19 Co uses an activity based costing system with three activity cost pools . The company has provided the following data concerning its costs and its activity based costing system : Costs : $ 273.000 Wages and salaries Depreciation 207.000 199,000 Utilities Total $ 679.000 Distribution of resource consumption Total 100 % Activity Cost Pools Assembly Setting Other Up Wages and salaries 60 20 % 20 % Depreciation 359 20 % 4596 Utilities 20 % 60 % 2096 How much cost , in total , would be allocated in the first stage allocation to the Assembly activity cost pool ? 100 % 100
- 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 MH8. Monson Company has two products: G and P. The company uses activity-based costing and has prepared the following analysis showing the estimated total cost and expected activity for each of its three activity cost pools: Activity Expected Activity Cost Pool Estimated Ovhd. Cost Product G Product P Total Activity 1 $30,000 200 400 600 Activity 2 $24,000 600 900 1,500 Activity 3 $80,000 400 3,600 4,000 The annual production and sales of Product G is 10,640 units. The annual production and sales of Product P is 26,600.The overhead cost per unit of Product P under activity-based costing is closest to: $6.88. $4.00. $30.16. $10.00.Weirick, Incorporated, manufactures and sells two products: Product T8 and Product P4. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Cost Pools Activity Measures Estimated Overhead Cost Expected Activity Product T8 Product P4 Total Labor-related DLHs $ 134,500 9,600 4,800 14,400 Production orders orders 63,430 1,300 200 1,500 Order size MHs 992,100 3,100 3,900 7,000 $ 1,190,030 The total overhead applied to Product P4 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $928,670 $552,747 $606,037 $1,055,530
- Use the following information: Department Cost Percentage Service Provided to S1 S2 P1 P2 Service 1 (S1) $ 118,000 0% 45% 35% 20% Service 2 (S2) 50,000 20 0 20 60 Production 1 (P1) 405,000 Production 2 (P2) 276,000 Total $ 849,000 a. What percentage of S1’s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.) b. What percentage of S2’s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.) Question 2. The following information relates to a joint production process for three products, with a total joint production cost of $175,000. There are no separable processing costs for any of the three products. Product Sales Value at Split-Off Units at Split-Off 1 $ 227,500 680 2 87,500 1,020 3 35,000 1,700 $ 350,000 3,400 a. What percentage of joint cost is allocated to each of the three products using the…Relevant costs; special order pricingKantrovitz Company is a manufacturer of industrial components. One of its products, AP110, is used as a subcomponent in appliance manufacturing. This product has the following information per unit: Selling price $150.00 Costs: Direct material $20.00 Direct labor 15.00 Variable manufacturing overhead 12.00 Fixed manufacturing overhead 30.00 Shipping and handling 3.00 Fixed selling and administrative 10.00 Total per-unit cost $90.00 a. Kantrovitz has received a special, one-time order for 1,600 AP110 parts. Assuming Kantrovitz has excess capacity, what is the minimum price that is acceptable for beginning negotiations on this order? Answer: $50 d. Referring to (a), Kantrovitz has received a special, one-time order for 1,600 AP110 parts. Assume that Kantrovitz is operating at full capacity, and that the contribution of the output would be displaced by the one-time special order. Using the original data, compute the minimum…Relevant costs; special order pricingKantrovitz Company is a manufacturer of industrial components. One of its products, AP110, is used as a subcomponent in appliance manufacturing. This product has the following information per unit: Selling price $150.00 Costs: Direct material $20.00 Direct labor 15.00 Variable manufacturing overhead 12.00 Fixed manufacturing overhead 30.00 Shipping and handling 3.00 Fixed selling and administrative 10.00 Total per-unit cost $90.00 a. Kantrovitz has received a special, one-time order for 1,000 AP110 parts. Assuming Kantrovitz has excess capacity, what is the minimum price that is acceptable for beginning negotiations on this order? $Answer b. Kantrovitz has 5,000 units of AP110 in inventory that have some defects. The units cannot be sold through regular channels without a significant price reduction. What per-unit cost figure is relevant for setting a minimum selling price on these units? $Answer c. During the next…