PetSmart, Inc. is a large specialty pet retailer of services and solutions for the needs of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
PetSmart, Inc. is a large specialty pet retailer of services and solutions for the needs of pets. In addition to selling pet food and pet products, PetSmart also offers dog grooming services including bath, nail trim, teeth brushing, aromatherapy to reduce everyday stress, and nail polish and stickers. PetSmart even offers a Top Dog service that includes a premium shampoo, milk bath conditioner, scented cologne spritz, teeth brushing, and bandana or bow. Assume PetSmart, Inc. expects to incur $380,000 of indirect costs this year. The company allocates indirect costs based on the following activities: E (Click the icon to view the data.) Read the reguirements. ... Requirement 1. Calculate the predetermined overhead allocation rate for each activity. (Abbreviation used: gty = quantity. Round your answers to the nearest cent, X.XX.) Predetermined OH allocation rate Data Table Admissions Cleaning Grooming Estimated Estimated Quantity of Activity Cost Allocation Base Allocation Base Admission 2$ 60,000 Number of admissions 20,000 Cleaning 240,000 Cleaning direct labor hours 100,000 80,000 Grooming Grooming direct labor hours 4,000 380,000 Total indirect costs Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Requirements 1. Calculate the predetermined overhead allocation rate for each activity. 2. Assume a customer brought in Sophie, a beagle, for Top Dog service. PetSmart used the following resources: Allocation Base Sophie, Beagle Number of admissions Cleaning direct labor hours 1 Grooming direct labor hours 0.5 Determine the total cost of the Top Dog service for Sophie assuming the total direct materials cost was $3.50 and the total direct labor cost was $12 per DLH.. 3. If PetSmart desires a 30% target operating income after covering all its costs, what would PetSmart have to charge the customer to achieve that operating income? PetSmart, Inc. is a large specialty pet retailer of services and solutions for the needs of pets. In addition to selling pet food and pet products, PetSmart also offers dog grooming services including bath, nail trim, teeth brushing, aromatherapy to reduce everyday stress, and nail polish and stickers. PetSmart even offers a Top Dog service that includes a premium shampoo, milk bath conditioner, scented cologne spritz, teeth brushing, and bandana or bow. Assume PetSmart, Inc. expects to incur $380,000 of indirect costs this year. The company allocates indirect costs based on the following activities: E (Click the icon to view the data.) Read the reguirements. ... Requirement 1. Calculate the predetermined overhead allocation rate for each activity. (Abbreviation used: gty = quantity. Round your answers to the nearest cent, X.XX.) Predetermined OH allocation rate Data Table Admissions Cleaning Grooming Estimated Estimated Quantity of Activity Cost Allocation Base Allocation Base Admission 2$ 60,000 Number of admissions 20,000 Cleaning 240,000 Cleaning direct labor hours 100,000 80,000 Grooming Grooming direct labor hours 4,000 380,000 Total indirect costs Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Requirements 1. Calculate the predetermined overhead allocation rate for each activity. 2. Assume a customer brought in Sophie, a beagle, for Top Dog service. PetSmart used the following resources: Allocation Base Sophie, Beagle Number of admissions Cleaning direct labor hours 1 Grooming direct labor hours 0.5 Determine the total cost of the Top Dog service for Sophie assuming the total direct materials cost was $3.50 and the total direct labor cost was $12 per DLH.. 3. If PetSmart desires a 30% target operating income after covering all its costs, what would PetSmart have to charge the customer to achieve that operating income? PetSmart, Inc. is a large specialty pet retailer of services and solutions for the needs of pets. In addition to selling pet food and pet products, PetSmart also offers dog grooming services including bath, nail trim, teeth brushing, aromatherapy to reduce everyday stress, and nail polish and stickers. PetSmart even offers a Top Dog service that includes a premium shampoo, milk bath conditioner, scented cologne spritz, teeth brushing, and bandana or bow. Assume PetSmart, Inc. expects to incur $380,000 of indirect costs this year. The company allocates indirect costs based on the following activities: E (Click the icon to view the data.) Read the reguirements. ... Requirement 1. Calculate the predetermined overhead allocation rate for each activity. (Abbreviation used: gty = quantity. Round your answers to the nearest cent, X.XX.) Predetermined OH allocation rate Data Table Admissions Cleaning Grooming Estimated Estimated Quantity of Activity Cost Allocation Base Allocation Base Admission 2$ 60,000 Number of admissions 20,000 Cleaning 240,000 Cleaning direct labor hours 100,000 80,000 Grooming Grooming direct labor hours 4,000 380,000 Total indirect costs Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Requirements 1. Calculate the predetermined overhead allocation rate for each activity. 2. Assume a customer brought in Sophie, a beagle, for Top Dog service. PetSmart used the following resources: Allocation Base Sophie, Beagle Number of admissions Cleaning direct labor hours 1 Grooming direct labor hours 0.5 Determine the total cost of the Top Dog service for Sophie assuming the total direct materials cost was $3.50 and the total direct labor cost was $12 per DLH.. 3. If PetSmart desires a 30% target operating income after covering all its costs, what would PetSmart have to charge the customer to achieve that operating income? PetSmart, Inc. is a large specialty pet retailer of services and solutions for the needs of pets. In addition to selling pet food and pet products, PetSmart also offers dog grooming services including bath, nail trim, teeth brushing, aromatherapy to reduce everyday stress, and nail polish and stickers. PetSmart even offers a Top Dog service that includes a premium shampoo, milk bath conditioner, scented cologne spritz, teeth brushing, and bandana or bow. Assume PetSmart, Inc. expects to incur $380,000 of indirect costs this year. The company allocates indirect costs based on the following activities: E (Click the icon to view the data.) Read the reguirements. ... Requirement 1. Calculate the predetermined overhead allocation rate for each activity. (Abbreviation used: gty = quantity. Round your answers to the nearest cent, X.XX.) Predetermined OH allocation rate Data Table Admissions Cleaning Grooming Estimated Estimated Quantity of Activity Cost Allocation Base Allocation Base Admission 2$ 60,000 Number of admissions 20,000 Cleaning 240,000 Cleaning direct labor hours 100,000 80,000 Grooming Grooming direct labor hours 4,000 380,000 Total indirect costs Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Requirements 1. Calculate the predetermined overhead allocation rate for each activity. 2. Assume a customer brought in Sophie, a beagle, for Top Dog service. PetSmart used the following resources: Allocation Base Sophie, Beagle Number of admissions Cleaning direct labor hours 1 Grooming direct labor hours 0.5 Determine the total cost of the Top Dog service for Sophie assuming the total direct materials cost was $3.50 and the total direct labor cost was $12 per DLH.. 3. If PetSmart desires a 30% target operating income after covering all its costs, what would PetSmart have to charge the customer to achieve that operating income? PetSmart, Inc. is a large specialty pet retailer of services and solutions for the needs of pets. In addition to selling pet food and pet products, PetSmart also offers dog grooming services including bath, nail trim, teeth brushing, aromatherapy to reduce everyday stress, and nail polish and stickers. PetSmart even offers a Top Dog service that includes a premium shampoo, milk bath conditioner, scented cologne spritz, teeth brushing, and bandana or bow. Assume PetSmart, Inc. expects to incur $380,000 of indirect costs this year. The company allocates indirect costs based on the following activities: E (Click the icon to view the data.) Read the reguirements. ... Requirement 1. Calculate the predetermined overhead allocation rate for each activity. (Abbreviation used: gty = quantity. Round your answers to the nearest cent, X.XX.) Predetermined OH allocation rate Data Table Admissions Cleaning Grooming Estimated Estimated Quantity of Activity Cost Allocation Base Allocation Base Admission 2$ 60,000 Number of admissions 20,000 Cleaning 240,000 Cleaning direct labor hours 100,000 80,000 Grooming Grooming direct labor hours 4,000 380,000 Total indirect costs Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Requirements 1. Calculate the predetermined overhead allocation rate for each activity. 2. Assume a customer brought in Sophie, a beagle, for Top Dog service. PetSmart used the following resources: Allocation Base Sophie, Beagle Number of admissions Cleaning direct labor hours 1 Grooming direct labor hours 0.5 Determine the total cost of the Top Dog service for Sophie assuming the total direct materials cost was $3.50 and the total direct labor cost was $12 per DLH.. 3. If PetSmart desires a 30% target operating income after covering all its costs, what would PetSmart have to charge the customer to achieve that operating income? PetSmart, Inc. is a large specialty pet retailer of services and solutions for the needs of pets. In addition to selling pet food and pet products, PetSmart also offers dog grooming services including bath, nail trim, teeth brushing, aromatherapy to reduce everyday stress, and nail polish and stickers. PetSmart even offers a Top Dog service that includes a premium shampoo, milk bath conditioner, scented cologne spritz, teeth brushing, and bandana or bow. Assume PetSmart, Inc. expects to incur $380,000 of indirect costs this year. The company allocates indirect costs based on the following activities: E (Click the icon to view the data.) Read the reguirements. ... Requirement 1. Calculate the predetermined overhead allocation rate for each activity. (Abbreviation used: gty = quantity. Round your answers to the nearest cent, X.XX.) Predetermined OH allocation rate Data Table Admissions Cleaning Grooming Estimated Estimated Quantity of Activity Cost Allocation Base Allocation Base Admission 2$ 60,000 Number of admissions 20,000 Cleaning 240,000 Cleaning direct labor hours 100,000 80,000 Grooming Grooming direct labor hours 4,000 380,000 Total indirect costs Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Requirements 1. Calculate the predetermined overhead allocation rate for each activity. 2. Assume a customer brought in Sophie, a beagle, for Top Dog service. PetSmart used the following resources: Allocation Base Sophie, Beagle Number of admissions Cleaning direct labor hours 1 Grooming direct labor hours 0.5 Determine the total cost of the Top Dog service for Sophie assuming the total direct materials cost was $3.50 and the total direct labor cost was $12 per DLH.. 3. If PetSmart desires a 30% target operating income after covering all its costs, what would PetSmart have to charge the customer to achieve that operating income?
Expert Answer:
Answer rating: 100% (QA)
Answer Solution Solution 1 Calculation of Predetermined Overhead allocatio... View the full answer
Related Book For
Quantitative Analysis for Management
ISBN: 978-0132149112
11th Edition
Authors: Barry render, Ralph m. stair, Michael e. Hanna
Posted Date:
Students also viewed these accounting questions
-
In addition to selling Christmas trees during the Christmas holidays, Harry's Hardware sells all the ordinary hardware items. One of the most popular items is Great Glue HH, a glue that is made just...
-
How is the predetermined overhead allocation rate determined?
-
Solve for x. Round your answers to the nearest thousandth. a. = 2x + 1 b. 4x2.7 = 456 c. 734 =11.2(1.56)x d. f(f -1(x)) = 20.2 e. 147 = 12.1(1 + x)2.3 f. 2(x-3 + 4.5 = 16?
-
Consider a spherical fluid particle in an inviscid fluid (no shear stresses). If pressure and gravitational forces are the only forces acting on the particle, can they cause the particle to rotate?...
-
A business had revenues of $750,000 and operating expenses of $670,000. Did the business (a) Incur a net loss (b) Realize net income?
-
Explain the difference between the way a profit margin ratio is constructed (and what margins measure) vs. the way a profitability ratio is constructed (and what these ratios measure).
-
Make-or-buy product component (Learning Objective 6) Fiber Systems manufactures an optical switch that it uses in its final product. Fiber Systems incurred the following manufacturing costs when it...
-
Pagnucci Carecenters Inc. provides financing and capital to the health-care industry, with a particular focus on nursing homes for the elderly. The following selected transactions relate to bonds...
-
On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 3 1 . The bonds mature at the end of four years. Olive uses the effective - interest...
-
The NCAA is making plans for distributing tickets to the upcoming regional basketball championships. Up to 10,000 available seats will be divided between the media, the competing universities, and...
-
What sum of money should be set aside on a child's birth to provide 8 semi-annual payments of $1500 to cover expenses for university education if the first payment is to be made on the child's 19'th...
-
1. The following data appeared in the accounting records of The Beautiful Company. Started in process Completed and transferred 12,000 units 10,500 units Work in process, end of month Stage of...
-
The data in a hypothetical language below illustrate one prefix that can attach to noun stems (do not worry about the exact meaning of the prefix). Noun stem Prefixed form sawuras sambitu?on Gloss...
-
Type up a Word document that explains the process of finding your IP address. Provide screen shots in the document of your own IP address on your computer and explain how you found it. Note that you...
-
Write SQL statement to display Category ID, Category Name, the average list_price, and the number of products for all categories in the product_categories table. For categories in product_categories...
-
Determine the moment (in N.m) produced by the force F about the segment AB of the pipe assembly. Consider F =-42 +36 j + 27 ^ N, 0 = 55 degrees, and k AB = 4.0 m. X 2 C A B 4 m F y
-
When released, the order becomes an open order to the factory or to purchasing and appears on the MRP record as a schedule receipt. Question 6 options: True False
-
Find the APR in each of the following cases: NUMBER OF TIMES COMPOUNDED Semiannually Monthly Weekly Infinite EAR APR 10.4% 8.9 11.6 15.4
-
What assumptions are made in the production run model?
-
One hundred years ago, a high plains area near the continental divide in Colorado was used as a working ranch. The views were majestic, although the winters could be harsh. As a result of the boom in...
-
Refer to Problem 6-61. Develop a net material requirements plan assuming that there are currently 150 units of Part A, 40 units of Part B, 50 units of Subassembly C, and 100 units of Part F currently...
-
Centrai tendency measures for a bank Bosh Bank collected the following data on the number of deposits made by customers during a 3-week period: Monday 337 593 430 Tuesday 413 798 566 Wednesday 586...
-
Mean and dispersion A random sample of 12 days' quality control data from a 6-month population reveals the following frequencies of defective condensers: Defective Defective Day Units Day Units...
-
Mean and standard deviation The following random sample was taken from Jim Little Tarla Company's data on the weekly cost of machine oil used during a 40-week period: Sample Cost Sample Cost 12345...
Study smarter with the SolutionInn App