15-19 only question 1, 15-18 question only for rference
15-19 Dual-rate method, budgeted versus actual costs, and practical capacity versus actual quantities (continuation of Exercise 15-18). [Excel template] (LO 3) Chocolat Inc. decides to examine the effect of using the dual-rate method for allocating truck costs to each round trip. At the start of the year, the budgeted costs were The actual results for the 55 round trips made in the year were Assume all other information to be the same as in Exercise 14-18. 1. Using the dual-rate method, what are the costs allocated to the dark chocolate division and the milk chocolate division when (a) variable costs are allocated using the budgeted rate per round trip and actual round trips used by each division, and when (b) fixed costs are allocated based on the budgeted rate per round trip and round trips budgeted for each division? 15-18 Single-rate method, budgeted versus actual costs and quantities. [Exce] template] (LO 3) Chocolat Inc. is a producer of premium chocolate based in Owen Sound. The company has a separate division for each of its two products dark chocolate and milk chocolate. Chocolat purchases ingredients from Toronto for its dark chocolate division and from Barrie for its milk chocolate division. Both locations are the same distance from Chocolat's Owen Sound plant. Chocolat Inc. operates a fleet of trucks as a cost centre that charges the divisions for variable costs (drivers and fuel) and fixed costs (vehicle amortization, insurance, and registration fees) of operating the fleet. Each division is evaluated on the basis of its operating income. For the year, the trucking fleet had a practical capacity of 60 round trips between the Owen Sound plant and the two suppliers. It recorded the following information: Required 1. Using the single-rate method, allocate costs to the dark chocolate division and the milk chocolate division in these three ways: a. Calculate the budgeted rate per round trip and allocate costs based on round trips budgeted for each division. b. Calculate the budgeted rate per round trip and allocate costs based on actual round trips used by each division. c. Calculate the actual rate per round trip and allocate costs based on actual round trips used by each division. 15-19 Dual-rate method, budgeted versus actual costs, and practical capacity versus actual quantities (continuation of Exercise 15-18). [Excel template] (LO 3) Chocolat Inc. decides to examine the effect of using the dual-rate method for allocating truck costs to each round trip. At the start of the year, the budgeted costs were The actual results for the 55 round trips made in the year were Assume all other information to be the same as in Exercise 14-18. 1. Using the dual-rate method, what are the costs allocated to the dark chocolate division and the milk chocolate division when (a) variable costs are allocated using the budgeted rate per round trip and actual round trips used by each division, and when (b) fixed costs are allocated based on the budgeted rate per round trip and round trips budgeted for each division? 15-18 Single-rate method, budgeted versus actual costs and quantities. [Exce] template] (LO 3) Chocolat Inc. is a producer of premium chocolate based in Owen Sound. The company has a separate division for each of its two products dark chocolate and milk chocolate. Chocolat purchases ingredients from Toronto for its dark chocolate division and from Barrie for its milk chocolate division. Both locations are the same distance from Chocolat's Owen Sound plant. Chocolat Inc. operates a fleet of trucks as a cost centre that charges the divisions for variable costs (drivers and fuel) and fixed costs (vehicle amortization, insurance, and registration fees) of operating the fleet. Each division is evaluated on the basis of its operating income. For the year, the trucking fleet had a practical capacity of 60 round trips between the Owen Sound plant and the two suppliers. It recorded the following information: Required 1. Using the single-rate method, allocate costs to the dark chocolate division and the milk chocolate division in these three ways: a. Calculate the budgeted rate per round trip and allocate costs based on round trips budgeted for each division. b. Calculate the budgeted rate per round trip and allocate costs based on actual round trips used by each division. c. Calculate the actual rate per round trip and allocate costs based on actual round trips used by each division
