Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hello, can i have the answers for these questions please 1.Activity-Based Costing and Conventional Costs Compared Chef Grill Company manufactures two types of cooking grills:

hello, can i have the answers for these questions please 1.Activity-Based Costing and Conventional Costs Compared Chef Grill Company manufactures two types of cooking grills: the Gas Cooker and the Charcoal Smoker. The Cooker is a premium product sold in upscale outdoor shops; the Smoker is sold in major discount stores. Following is information pertaining to the manufacturing costs for the current month. Gas Cooker Charcoal Smoker Units 1,000 4,000 Number of batches 60 10 Number of batch moves 80 20 Direct materials $20,000 $100,000 Direct labor $20,000 $27,000 Manufacturing overhead follows: Activity Cost Cost Driver Materials acquisition and inspection $288,000 Amount of direct materials cost Materials movement 16,900 Number of batch moves Scheduling 42,000 Number of batches $346,900 Rounding instructions: Do not round until your final answers. Round total cost answers to the nearest dollar and per unit answers to the nearest cent. (a) Determine the total and per-unit costs of manufacturing the Gas Cooker and Charcoal Smoker for the month, assuming all manufacturing overhead is assigned on the basis of direct labor dollars. HINT: Use 7.3809 for overhead rate calculations. Total cost $Answer 0 Incorrect Gas Cooker $Answer 0 Incorrect per unit Charcoal Smoker $Answer 0 Incorrect per unit (b) Determine the total and per-unit costs of manufacturing the Gas Cooker and Charcoal Smoker for the month, assuming manufacturing overhead is assigned using activity-based costing. Total cost $Answer 0 Incorrect Gas Cooker $Answer 0 Incorrect per unit Charcoal Smoker $Answer 0 Incorrect per unit 2. Two-Stage ABC for Manufacturing Meridian Company has determined its activity cost pools and cost drivers to be the following: Cost pools Setup $49,000 Material handling 19,200 Machine operation 220,000 Packing 72,000 Total indirect manufacturing costs $360,200 Cost drivers Setups 350 Material moves 640 Machine hours 20,000 Packing orders 1,200 One product made by Meridian, metal casements, used the following activities during the period to produce 500 units: Setups 20 Material moves 80 Machine hours 1,900 Packing orders 150 a. Material move b.Calculate the manufacturing overhead cost per metal casement manufactured during the period. Round your answer to the nearest cent. 3. Customer Profitability Analysis Gonalong, Inc. has 10 customers that account for all of its $4,520,000 of net income. Its activity-based costing system is able to assign all costs, except for $650,000 of general administrative costs, to key activities incurred in connection with serving its customers. A customer profitability analysis based on activity costing produced the following customer profits and losses: Customer #1 $336,000 #2 634,000 #3 (277,000) #4 979,000 #5 1,060,000 #6 902,000 #7 628,000 #8 292,000 #9 (95,000) #10 711,000 Total $5,170,000 a. Calculate the total profits for the 8 most profitable customers

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

CISA Certified Information Systems Auditor

Authors: Michael Gregg, Robert Johnson

1st Edition

078975844X, 978-0789758446

More Books

Students also viewed these Accounting questions

Question

Write a cover letter or inquiry email.

Answered: 1 week ago

Question

1. What are your creative strengths?

Answered: 1 week ago

Question

What metaphors might describe how we work together?

Answered: 1 week ago