Question
hello, can i have the answers for this? 1. Customer Profitability Analysis Gonalong, Inc. has 10 customers that account for all of its $4,520,000 of
hello, can i have the answers for this?
1.
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
2.
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.
| 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:
| 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 answersto the nearest dollar andper unitanswers 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 | |
| Gas Cooker | $Answer | per unit |
| Charcoal Smoker | $Answer | 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 | |
| Gas Cooker | $Answer | per unit |
| Charcoal Smoker | $Answer | per unit |
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.
| 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:
| 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 answersto the nearest dollar andper unitanswers 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 | |
| Gas Cooker | $Answer | per unit |
| Charcoal Smoker | $Answer | 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 | |
| Gas Cooker | $Answer | per unit |
| Charcoal Smoker | $Answer | per unit |
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.
| 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:
| 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 answersto the nearest dollar andper unitanswers 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 | |
| Gas Cooker | $Answer | per unit |
| Charcoal Smoker | $Answer | 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 | |
| Gas Cooker | $Answer | per unit |
| Charcoal Smoker | $Answer | per unit |
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.
| 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:
| 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 answersto the nearest dollar andper unitanswers to the nearest cent.
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.
| 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:
| 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 answersto the nearest dollar andper unitanswers to the nearest cent.
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.
| 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:
| 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 answersto the nearest dollar andper unitanswers to the nearest cent.
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Microsoft Excel For Accounting The First Course
Authors: L Murphy Smith, Katherine Smith
1st Edition
0130085529, 978-0130085528
