Clipboard EX.22-04 ALGO Flexible Budget for Assembly Department Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department: Direct labor per filing cabinet Supervisor salaries Depreciation Direct labor rate 20 minutes $114,000 per month $31,000 per month $24 per hour Prepare a flexible budget for 13,000, 16,000, and 20,000 filing cabinets for the month of August in the Assembly Department. Assuming that inventories are not significant. Enter all amounts as positive numbers. CABINAIRE INC-ASSEMBLY DEPARTMENT Flexible Production Budget For the Month Ending August 31 (assumed data) Units of production Variable cost: Direct labor Total variable cost Fixed cost: Supervisor salaries Depreciation Total fixed cost Total department cost 13,000 16,000 20,000 0000 00 0000 00 10000 00 Page 5 of 6 524 words Text Predictions: On

Clipboard EX.22-04 ALGO Flexible Budget for Assembly Department Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department: Direct labor per filing cabinet Supervisor salaries Depreciation Direct labor rate 20 minutes $114,000 per month $31,000 per month $24 per hour Prepare a flexible budget for 13,000, 16,000, and 20,000 filing cabinets for the month of August in the Assembly Department. Assuming that inventories are not significant. Enter all amounts as positive numbers. CABINAIRE INC-ASSEMBLY DEPARTMENT Flexible Production Budget For the Month Ending August 31 (assumed data) Units of production Variable cost: Direct labor Total variable cost Fixed cost: Supervisor salaries Depreciation Total fixed cost Total department cost 13,000 16,000 20,000 0000 00 0000 00 10000 00 Page 5 of 6 524 words Text Predictions: On

Managerial Accounting

15th Edition

ISBN:9781337912020

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

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

Chapter11: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 8E

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Current Attempt in Progress The bill of materials for each product at Kevin's Office Supply is very specific, right down to the number of casters needed for each office chair. Kevin recognizes how important these documents are for planning purposes, but his operations managers appreciate them as well since they use this information to guide their material requisitions when it's time for production. Here are the budgeted product costs and selling prices, respectively, for the company's three key products: Office chair Sit-to-stand desk Printer stand Product Cost $165 250 Show Transcribed Text (b) 145 Kevin has fine-tuned all cost expectations for his products, and his selling prices are quite stable for each product, as well. So, to say Kevin was surprised when his accountant reported significantly less profit margin than what he was expecting is the understatement of the year. According to the accountant, the difference is almost entirely attributable to the significant and recent…
NOWV2 | Online teach x + O SOFTWARE UPDATE eAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false macOS Big Sur 11.3.1 is available and will be in later tonight. O eBook Show Me How E Print Item Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at $1,167,450, divided into four activities: fabrication, $507,000; assembly, $210,000; setup, $245,700; and inspection, $204,750. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speedboat 9,750 dlh 31,500 dlh 70 setups 122 inspections Bass boat 29,250 10,500 515 853 39,000 dlh 42,000 dlh 585 setups 975 inspections Each product is budgeted for 5,500 units of production for the year. a. Determine the activity rates for each activity. Fabrication $ per direct labor hour Assembly 5 V per…
managerial exercize 4- Word lings Review View Help Acrobat O Tell me what ycu vant to do AaBbCcD AaBbCcDc AaBbC AaBbCc[ AaB 三 . T Normal 1 No Spac. Heading 1 Heading 2 Title Paragraph 120 Styles Custom Lock installs window coverings for both commercial and residential cus- tomers. The following information relates to its budgeted operations for the current vear. Commercial Residential $300,000 $480,000 Revenues Direct material costs Direct labor costs Overhead costs Operating income (loss) $ 30,000 100,000 85 000 $ 70.000 300,000 162,000 215,000 $ 85,000 532 000 52.000) The controller, Jane Reasoner, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window cover ings are less complex to install for residentil customers. In addition, the residential client base resides in close proximity to the company offce, so travel costs are not as expensive on a per client visit for residential customers. As a…
CengageNOWv2 | Online teachin x A v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3false Assignment 7b: Chapter 23 Exercises eBook E Print Item Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc, processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6.400 units of product were as follows: Standard Costs Actual Costs Direct materials 8,300 lb. at $4.70 8,200 Ib. at $4.50 Direct labor 1,600 hrs. at $18.70 1,640 hrs. at $18.90 Factory overhead Rates per direct labor hr. based on 100% of normal capacity of 1,670 direct labor hrs.: Variable cost, $3.40 $5,390 variable cost Fixed cost, $5.40 $9,018 fixed cost Each unit requires 0.25 hour of direct labor. Required: a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance.…
View Policies Current Attempt in Progress E-Flix rents DVDS that are mailed out to customers upon demand. E-Flix has identified three activities involved in getting the videos to its customers. Information on those activities for the month of July follows: Estimated Expected Use of Cost Drivers Cost Pools Cost Drivers Overhead Cost Order taking costs Number of orders $20,592 187,200 orders Technology support Number of minutes $11,700 234,000 minutes Picking and shipping Number of DVDS $39,624 330,200 DVDS costs During July, the Tucker family placed 17 orders consisting of 21 DVDs. Tucker required 7 minutes of tech support. Customers pay $9.00 per month to rent unlimited DVDS. Using ABC, how much overhead is applied to the Tucker family account for order taking costs? O $4.74 O $2.52 O $1.871 O $6.45 Submit Answer Save for Later Attempts: 0 of 1 used 2:27 PM 10/13/20 e
rn/takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSession Locator=&inprogress=false eBook Show Me How Department Maintenance Department Security Department Cutting Department Sewing Department Support department cost allocation-sequential method Crystal Scarves & Co. produces winter scarves. The scarves are produced in the Cutting and Sewing departments. The Maintenance and Security departments support these production departments, and allocate costs based on machine hours and square feet, respectively. Information about each department is provided in the following table: Total Cost Production departments' total costs $ 2,300 3,000 19,600 20,800 Number of Employees $ Check My Work 2 more Check My Work uses remaining. Cutting Sewing Department Department 6 LA 4 20 18 $ Using the sequential method and allocating the support department with the highest costs first, allocate all support department costs to the production departments. Then compute the total cost of each…
1. Assign Overhead Costs to Activity Cost Pools 国日 First-Stage Allocation to Activity Cost Pools - Excel Sign In FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Calibri -A A 10 Paste BIU - A - Alignment Number Conditional Format as Cell Cells Formatting - Table - Styles - Clipboard Font Styles A1 fx A C E F G 1 == 2 Total costs and distribution of resource consumption across activity cost pools: 3 4 Activity Cost Pools Customer Product Customer Total Cost Orders Development Relations Other Total 6 Production Department: 7 Indirect factory wages $ 400,000 50% 30% 15% 5% 100% Factory equipment depreciation Factory utilities 10 Factory property taxes and insurance 8 150,000 55% 30% 0% 15% 100% 9 120,000 59% 34% 0% 7% 100% 75,000 57% 33% 0% 10% 100% 11 12 General Administrative Department: Administrative wages and salaries Office equipment depreciation 13 275,000 20% 10% 40% 30% 100% 14 40,000 32% 16% 15% 37% 100% 15 Administrative property taxes and insurance 60,000 0% 0% 0% 100%…
SEARCH ASK CHAT MATH SOLVER BUY Cornerstones of Cost Management (Cornerstones Series) 4th Edition ISBN: 9781305970663 Author: Don R. Hansen, Maryanne M. Mowen Publisher: Cengage Learning bookmark_border expand_more Chapter 8 : Budgeting For Planning And Control expand_more Section: Chapter Questions format_list_bulleted Problem 13CE: Nashler Company has the following budgeted variable costs per unit produced: Budgeted fixed overhead... See similar textbooks Concept explainers Question The following has been extracted from the financial records of ATF Limited: Annual budgeted capacity of the plant 40,000 units Production during the year 35,000 units Opening finished goods stock 3,000 units Closing finished…
ces Mailings Review View Help Picture Format OShapes a SmartArt E Get Add-ins W O Link v Header Icons Chart W Bookmark Footer v Wikipedia Online Comment My Add-ins sa. 3D Models Screenshot v Video LO Cross-reference Page Number v Illustrations Add-ins Media Links Comments Header & Footer Appendix EX 20-27 Equivalent units of production and related costs The charges to Work in Process-Baking Department for a period as well as informa- tion concerning production are as follows. The Baking Department uses the average cost method, and all direct materials are placed in process during production. Work in Process-Baking Department Bal., 900 units, 40% completed 2,466 To Finished Goods, 8,100 units Direct materials, 8,400 units 34,500 Direct labor 16,200 Factory overhead Bal., 1,200 units, 60% completed 8,574
O Topic: Week 6: Discu ssion IIl x + a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser-D0& launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F# z- Chapter 6 A Saved Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Skipped 2$ 3 12 2 3 $ 20 Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative $ 96, 000 166, 000 $ 262, 000 Total fixed cost per month The product sells for $45 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Produced 24, 000 24, 000 Units Sold July August 20, 000 28, 000 The company's Accounting Department has prepared the following absorption costing income statements for July and August: Sales Cost of goods sold Gross margin Selling and administrative expenses…
enow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmen... Z G Not syncing ebOOK Show Me HOW PINt itemT Support department cost allocation-sequential method Crystal Scarves & Co. produces winter scarves. The scarves are produced in the Cutting and Sewing departments. The Maintenance and Security departments support these production departments, and allocate costs based on machine hours and square feet, respectively. Information about each department is provided in the following tabie: Department Total Cost Number of Employees Machine Hours Square Feet Maintenance Department $ 2,300 6. 57 800 Security Department 3,000 4 600 Cutting Department 19,600 20 3,700 3,200 20,800 18 5,550 4,000 Sewing Department Using the sequential method and allocating the support department with the highest costs first, allocate all support department costs to the production departments. Then compute the total cost of each production department. Cutting Sewing Department Department 1,936.…
in Course ACCT 3121.2711,ACC apters 9-10 i lucation.com extemap-ir de sim2_com-consexternal browser=0&launchUrl=https": Sales revenue Direct materials Direct labor Overhead costs Administration Production setup Quality control Distribution Operating profit Activity Base Setting up * X Performing quality control Distribution 3 EZ-Seat, Inc., manufactures two types of reclining chairs, Standard and Ergo. Ergo provides support for the body through a complex set of sensors and requires great care in manufacturing to avoid damage to the material and frame. Standard is a conventional recliner, uses standard materials, and is simpler to manufacture. EZ-Seat's results for the last fiscal year are shown in the following statement. Ergo $2,000,000 600,000 400, 000 GwMcGraw Hill Education Campus X EZ-SEAT, INC. Income Statement $ d Standard $5,000,000 1,500,000 500,000 EZ-Seat currently uses labor costs to allocate all overhead, but management is considering implementing an activity-based costing…