Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I only need questions 1-5 in the pic answered. I don't need the questions in the exercises answered. Thank you so much! EXERCISE 43 Compute

image text in transcribedimage text in transcribedimage text in transcribed

I only need questions 1-5 in the pic answered. I don't need the questions in the exercises answered. Thank you so much!

EXERCISE 43 Compute ABC Product Costs L04-3 Larner Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Rates Activity Cost Pool Labor-related Machine-related Machine setups Production orders Shipments $7.00 per direct labor-hour $3.00 per machine-hour $40.00 per setup $160.00 per order $120.00 per shipment $4.00 per direct labor-hour General factory Cost and activity data have been supplied for the following products: Page 177 J78 B52 $6.50 $31.00 Direct materials cost per unit Direct labor cost per unit Number of units produced per year $3.75 $6.00 4,000 100 Total Expected Activity J78 B52 Direct labor-hours 1,000 40 3,200 30 Machine-hours Machine setups Production orders 5 1 5 1 Shipments 10 1 Page 179 EXERCISE 4-8 Computing ABC Product Costs @ L04-2, 104-3 Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: Direct Labor-Hours per Unit Annual Production Rims 0.40 20,000 units Posts 0.20 80,000 units Additional information about the company follows: a. Rims require $17 in direct materials per unit, and Posts require $10. b. The direct labor wage rate is $16 per hour. c. Rims are more complex to manufacture than Posts and they require special equipment. d. The ABC system has the following activity cost pools: Estimated Activity Activity Cost Pool Activity Measure Estimated Overhead Cost Rims Posts Total Machine setups Number of setups $21,600 100 80 180 Special processing Machine-hours $180,000 4,000 0 4,000 General factory Direct labor-hours $288,000 8,000 16,000 24,000 QUESTION 1 1 points Save Answer Calculate the cost per unit for Posts in E4-8. QUESTION 2 1 points Save Answer Calculate the labor cost per unit for Rims in E4-8. QUESTION 3 1 points Save Answer Calculate the total overhead assigned to Product J78 in E4-3. QUESTION 4 1 points Save Answer Which activity suggests that the use of an ABC system is appropriate for the company in E4-8? O A. Machine setups O B. Special processing OC. General factory QUESTION 5 1 points Save Answer Calculate the total overhead assigned to the Rims product in E4-8

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

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

Recommended Textbook for

Sound Investing, Chapter 23 - Internal Control

Authors: Kate Mooney

1st Edition

0071719458, 9780071719452

More Books

Students also viewed these Accounting questions

Question

What is double DDB depreciation?

Answered: 1 week ago

Question

To realize business outcomes before and after HRM adoption.

Answered: 1 week ago