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need help with requirements 1 & 2 thank you! The Bethel store of Gabriel's Corner, a chain of small neighborhood convenience stores, has a Kaizen
need help with requirements 1 & 2 thank you!
The Bethel store of Gabriel's Corner, a chain of small neighborhood convenience stores, has a Kaizen (continuous improvement) approach to budgeting monthly activity costs for each month of 2018. Gabriel's Corner has three product categories: soft drinks (35% of cost of goods sold [COGS]), fresh snacks (25% of COGS), and packaged food (40% of COGS). The following table shows the four activities that consume indirect resources at the Bethel store, the cost drivers and their rates, and the cost-driver amount budgeted to be consumed by each activity in January 2018. (Click the icon to view the four activities and their cost data.) (Click the icon to view additional cost driver information.) Read the requirements. Requirement 1. What are the total budgeted costs for each activity and the total budgeted indirect cost for March 2018? Begin by calculating the budgeted cost-driver rates for February, then calculate March. (Round your answers to five decimal places, X.XXXXX.) i Requirements * Data Table 1. What are the total budgeted costs for each activity and the total budgeted indirect cost for March 2018? 2. What are the benefits of using a Kaizen approach to budgeting? What are the limitations of this approach, and how might Gabriel's Corner management overcome them? January 2018 Budgeted Cost-Driver Rate January 2018 Budgeted Amount of Cost Driver Used Soft Fresh Packaged Drinks Snacks Food 14 29 1165 19176 4,800 34,800 11,000 Print Done Activity Cost Driver Ordering Number of purchase orders Delivery Number of deliveries Shelf-stocking Hours of stocking time Customer support Number of items sold $ 86 75 20.00 0.20 $ $ Print DoneStep by Step Solution
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