Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer for c https://openvellum.ecollege x G overhead rate formula - Go x C Sign In or Sign Up | Chegg X Course Home X Do

Answer for c

image text in transcribed
https://openvellum.ecollege x G overhead rate formula - Go x C Sign In or Sign Up | Chegg X Course Home X Do Homework - Ch15 Hom X New Tab C mathxl.com/Student/PlayerHomework.aspx?homeworkld=609158561&questionld=1&flushed=true&cld=6651216¢erwin=yes C Update : BUS 233A F21 Management Accounting I Carter Bragg | 10/21/21 9:09 PM HW Score: 60.78%, 2.43 of 4 points Homework: Ch15 Homework Assignment F21 Question 2, Exercise 15-... Part 3 of 7 Points: 0.22 of 1 Save Indulgence 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. Indulgence purchases ingredients from Toronto for its dark chocolate division and from Barrie for its milk chocolate division. Both locations are the same distance from Indulgence's Owen Sound plant. Indulgence 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 70 round trips between the Owen Sound plant and the two suppliers. It recorded the following information. (Click the icon to view the information.) Required Requirement 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 The budgeted rate per round trip is $ 2250 . This translates to indirect costs allocated to the dark chocolate division for $ 90000 and the milk chocolate division for $ 67500 . b. Calculate the budgeted rate per round trip and allocate costs based on actual round trips used by each division The budgeted rate per round trip is $ 2,250 . This translates to indirect costs allocated to the dark chocolate division for $ 78750 and the milk chocolate division for $ 67500. c. Calculate the actual rate per round trip and allocate costs based on actual round trips used by each division. The actual rate per round trip is $ . This translates to indirect costs allocated to the dark chocolate division for $ and the milk chocolate division for $]. Information -X Budgeted Actual Costs of truck fleet $ 157,500 $ 123,500 Number of round trips for dark chocolate division (Owen Sound plant-Toronto) 40 35 Number of round trips for milk chocolate division (Owen Sound plant-Barrie) 30 30 Print Done Clear All Check Answer MacBook Pro esc GE GE #

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry J Weygandt

10th Edition

1118009282, 9781118009284

More Books

Students also viewed these Accounting questions

Question

BIOS 2 5 5 proficiency exam

Answered: 1 week ago

Question

1. Information that is currently accessible (recognition).

Answered: 1 week ago