Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. We are analyzing 2 products product Hamburgers(HB)and Double Deckers(DD) Product HB requires 1 Patty (P) and 2 Buns (B) Product Y requires 2 Patties

2. We are analyzing 2 products product Hamburgers(HB)and Double Deckers(DD)

    • Product HB requires 1 Patty (P) and 2 Buns (B)
    • Product Y requires 2 Patties (P) and 3 Buns B)
    • The standard cost for P is $1 per unit.
    • The standard cost for B is $0.50 per unit.
    • During this month, the company purchased 5,000 Ps for $4,950 (there was no beginning balance).
    • During this month, the company purchased 5,000 units of Bs for $2,600. (there was no beginning balance).
    • During the month the company produced 500 HBs and 1000 DDs.
    • During the month the company used 2520 units of Ps and 3975 units of Bs.
    • Payroll was $315, with 16 hours (this is actual - direct labor only).
    • Each burger requires 1/100 of an hour for Direct Labor
    • Labor standard cost is $20 per hour.
  • 2.Use the information given in Problem I.

    Use standard cost information for all calculations except as noted below.

    Department

    $Costs

    Activity Cost Driver

    Frying

    $375

    Patties

    Baking

    $480

    Buns

    Questions 28-49: Suggestion: use the worksheet to complete the problem first, then answer the questions.

  • 28. What is the ABC allocation Rate for Baking?
  • 29.What is the Direct Material Cost per unit for DD (using standards)?
  • 30. What is the Direct Material Cost per unit for HB (using standards)
  • 31. What is the Direct Labor Cost per unit for HB (using standards)
  • 32. Using Direct Labor Hours, what is the total unit cost of HB using the "traditional" method? (round to cents)
  • 33. What is the Overhead Unit ABC Cost of DD?
  • 34. What is the ABC allocation Rate for Frying?
  • 35. Using Direct Labor Hours, what is the Over head unit cost of HB using the "traditional" method? (round to cents)
  • 36. Using Direct Labor Hours, what is the total unit cost of DD using the "traditional" method?
  • 37. What is the ABC allocation of Frying Cost to DD?
  • 38. What is the ABC allocation of Baking Cost to HB?
  • 39. What is the Total Unit ABC Cost of DD?
  • 40. Using Direct Labor Hours, what is the total allocation of overhead costs to HB using the "traditional" method?
  • 41. Using Direct Labor Hours, what is the Over head unit cost of DD using the "traditional" method?
  • 42. What is the Overhead Unit ABC Cost of HB?
  • 43. Using Direct Labor Hours, what is the total allocation of overhead costs to DD using the "traditional" method?
  • 44. What is the ABC allocation of Baking Cost to DD?
  • 45. What is the Total Unit ABC Cost of HB?
  • 46. What is the ABC allocation of Frying Cost to HB?
  • 47. What is the Direct Labor Cost per unit for DD (using standards)
  • 48. Using Direct Labor Hours, what is the allocation rate using the "traditional" method?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions