P6-40 (similar to) Question Help Pet Transport Company makes two pet carriers, the Cat-allac and the Dog-eriffic. They are Pet Transport uses an activity based costing system and classifies overhead into three both made of plastic with metal doors, but the Cataliac is smaller information for the two activity pools Setup. Processing, and Inspection Activity rates for these activities are $10 products for the month of April is given in the following tables per setup-hour 35 per machine-hour, and 516 per inspection hour, respectively. Other (Click the icon to view the information for the two products) information follows: Pet Transport accounts for direct materials using a FIFO cost-flow assumption Click the icon to view the other information Click the icon to view the account infor. -X Budgeted units sales 0 Product Information Add target ending finished goods inventory Total required units Inpur Prices Deduct beginning finished goods inventory Direct materials Units of finished goods to be produced Plastic $ 4 per pound Requirement 3. Prepare the direct material Metal $ 3 per pound Begin with the physical units portion, then pil Direct manufacturing labor $10 per direct manufacturing labor hour Direct Material Usa Inpur Quantities per Unit of Output Cat-allac For Dog erific Direct materials 3 pounds 5 pounds 05 pounds 1 pound Physical Units Budget Direct manufacturing labor hours (OMLH) 3 hours 5 hours Direct materials required for Machine-hours (MH) 10 MH 16 MH Catalac Dog-errific Inventory Information, Direct Marrials Plastic Metal Total quantity of direct material to be used Beginning inventory 290 pounds 60 pounds Cost Budget Target ending inventory 350 pounds 50 pounds Available from beginning direct materials in Cost of beginning inventory $ 1,073 $ 192 (under a FIFO cost-flow assumption) Plastic Print Done Metal To be purchased this period Plastic 50 Metal Plastic Metal Enter any number in the edit fields and then click Check Answer 16 Clear All Final Check parts remaining le 70 le Pri Pet Transport Company makes two pet carriers, the Cat-altac and the Dog-eriftic They are Pet Transport uses an activity-based costing system and classifies overhead into three Both made of plastic with metal doors, but the Cat-alac is smaller Information for the two activity pools Setup, Processing, and inspection Activity rates for these activities are $100 products for the month of April is given in the following tables per setup-hour, $5 per machine-hour, and $16 per inspection-hour respectively Other (Click the icon to view the information for the two products) Information follows Pet Transport accounts for direct materials using a FIFO cost-flow assumption Click the icon to view the other information) (Click the icon to view the account inform - X Budgeted units sales Product Information Add target ending finished goods inventory Total required units Deduct beginning finished goods inventory Input Prices Units of finished goods to be produced Account Information Requirement 3. Prepare the direct material Begin with the physical units portion, then Sales and Inventory Information, Finished Goods Direct Material Usa Cat allac Dog-enffic For Expected sales in units 500 215 Selling price $ 215 5 320 Target ending inventory in units 35 15 Physical Units Budget Beginning inventory in units 15 30 Direct materials required for Beginning inventory in dolars $ 1,500 5 5.580 Cat-alac Pet Transport uses a FIFO cost-flow assumption for finished goods inventory Dog erilic Total quantity of direct material to be used Print Done Cost Budget TINGUISTO U po U Available from beginning direct materials in $ Cost of beginning inventory 1,073 $ 192 (under a FIFO cost-flow assumption) Plastic Print Done To be purchased this period Plastic Metal 50 2 nd Metal W Enter any number in the edit fields and then click Check Answer 16 Parts Clear All remaining Final Check imilar to) Pel Transport uses an activity-based costing system and classifies overhead into three activity pools Setup. Processing, and Inspection Activity rates for these activities are 5100 per setup-hour 55 per machine hour, and 516 per inspection hour, respectively Other information follows (Click the icon to view the other information Pet Transport Company makes two pet camers, the Cat-allac and the Dog-eriffic They are both made of plastic with metal doors, but the Catalac is smaller. Information for the two products for the month of April is given in the following tables (Click the icon to view the information for the two products) Pet Transport accounts for direct materials using a FIFO cost-flow assumption (Click the icon to view the account infor Budgeted units sales Product Information Add target ending finished goods inventory Total required units Deduct beginning finished goods inventory Units of finished goods to be produced Other information Requirement 3. Prepare the direct material -X - Begin with the physical units portion then pel Direct Material Usa For Cost Driver Information Cat-allac Dog-errific Number of units per batch 20 8 Setup time per batch 1.50 hours 2 00 hours Inspection time per batch 05 hours 06 hour If necessary, round up to calculate number of batches Nonmanufacturing fixed costs for March equal $40,000, half of which are salaries. Salaries are expected to increase 5% in April Other nonmanufacturing fixed costs will remain the same. The only variable nonmanufacturing cost is sales commission, equal to 1% of sales revenue Print Done Physical Units Budget Direct materials required for Catata Dog-entic Total quantity of direct material to be used Cost Budget Available from beginning direct materials in (under a FIFO cost-flow assumption) Plastic Metal To be purchased this period Plastic Metal Cost of beginning inventory 5 1,073 192 Print Done 50 Enter any number in the edit fields and then click Check Answer 16 parts Clear All remaining Final Check P6-40 (similar to) Question Help Pet Transport Company makes two pet carriers, the Cat-allac and the Dog-eriffic. They are Pet Transport uses an activity based costing system and classifies overhead into three both made of plastic with metal doors, but the Cataliac is smaller information for the two activity pools Setup. Processing, and Inspection Activity rates for these activities are $10 products for the month of April is given in the following tables per setup-hour 35 per machine-hour, and 516 per inspection hour, respectively. Other (Click the icon to view the information for the two products) information follows: Pet Transport accounts for direct materials using a FIFO cost-flow assumption Click the icon to view the other information Click the icon to view the account infor. -X Budgeted units sales 0 Product Information Add target ending finished goods inventory Total required units Inpur Prices Deduct beginning finished goods inventory Direct materials Units of finished goods to be produced Plastic $ 4 per pound Requirement 3. Prepare the direct material Metal $ 3 per pound Begin with the physical units portion, then pil Direct manufacturing labor $10 per direct manufacturing labor hour Direct Material Usa Inpur Quantities per Unit of Output Cat-allac For Dog erific Direct materials 3 pounds 5 pounds 05 pounds 1 pound Physical Units Budget Direct manufacturing labor hours (OMLH) 3 hours 5 hours Direct materials required for Machine-hours (MH) 10 MH 16 MH Catalac Dog-errific Inventory Information, Direct Marrials Plastic Metal Total quantity of direct material to be used Beginning inventory 290 pounds 60 pounds Cost Budget Target ending inventory 350 pounds 50 pounds Available from beginning direct materials in Cost of beginning inventory $ 1,073 $ 192 (under a FIFO cost-flow assumption) Plastic Print Done Metal To be purchased this period Plastic 50 Metal Plastic Metal Enter any number in the edit fields and then click Check Answer 16 Clear All Final Check parts remaining le 70 le Pri Pet Transport Company makes two pet carriers, the Cat-altac and the Dog-eriftic They are Pet Transport uses an activity-based costing system and classifies overhead into three Both made of plastic with metal doors, but the Cat-alac is smaller Information for the two activity pools Setup, Processing, and inspection Activity rates for these activities are $100 products for the month of April is given in the following tables per setup-hour, $5 per machine-hour, and $16 per inspection-hour respectively Other (Click the icon to view the information for the two products) Information follows Pet Transport accounts for direct materials using a FIFO cost-flow assumption Click the icon to view the other information) (Click the icon to view the account inform - X Budgeted units sales Product Information Add target ending finished goods inventory Total required units Deduct beginning finished goods inventory Input Prices Units of finished goods to be produced Account Information Requirement 3. Prepare the direct material Begin with the physical units portion, then Sales and Inventory Information, Finished Goods Direct Material Usa Cat allac Dog-enffic For Expected sales in units 500 215 Selling price $ 215 5 320 Target ending inventory in units 35 15 Physical Units Budget Beginning inventory in units 15 30 Direct materials required for Beginning inventory in dolars $ 1,500 5 5.580 Cat-alac Pet Transport uses a FIFO cost-flow assumption for finished goods inventory Dog erilic Total quantity of direct material to be used Print Done Cost Budget TINGUISTO U po U Available from beginning direct materials in $ Cost of beginning inventory 1,073 $ 192 (under a FIFO cost-flow assumption) Plastic Print Done To be purchased this period Plastic Metal 50 2 nd Metal W Enter any number in the edit fields and then click Check Answer 16 Parts Clear All remaining Final Check imilar to) Pel Transport uses an activity-based costing system and classifies overhead into three activity pools Setup. Processing, and Inspection Activity rates for these activities are 5100 per setup-hour 55 per machine hour, and 516 per inspection hour, respectively Other information follows (Click the icon to view the other information Pet Transport Company makes two pet camers, the Cat-allac and the Dog-eriffic They are both made of plastic with metal doors, but the Catalac is smaller. Information for the two products for the month of April is given in the following tables (Click the icon to view the information for the two products) Pet Transport accounts for direct materials using a FIFO cost-flow assumption (Click the icon to view the account infor Budgeted units sales Product Information Add target ending finished goods inventory Total required units Deduct beginning finished goods inventory Units of finished goods to be produced Other information Requirement 3. Prepare the direct material -X - Begin with the physical units portion then pel Direct Material Usa For Cost Driver Information Cat-allac Dog-errific Number of units per batch 20 8 Setup time per batch 1.50 hours 2 00 hours Inspection time per batch 05 hours 06 hour If necessary, round up to calculate number of batches Nonmanufacturing fixed costs for March equal $40,000, half of which are salaries. Salaries are expected to increase 5% in April Other nonmanufacturing fixed costs will remain the same. The only variable nonmanufacturing cost is sales commission, equal to 1% of sales revenue Print Done Physical Units Budget Direct materials required for Catata Dog-entic Total quantity of direct material to be used Cost Budget Available from beginning direct materials in (under a FIFO cost-flow assumption) Plastic Metal To be purchased this period Plastic Metal Cost of beginning inventory 5 1,073 192 Print Done 50 Enter any number in the edit fields and then click Check Answer 16 parts Clear All remaining Final Check