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Requirement 4 . Why might the controller have expected ABC to pass the cost-benefit test? Were there any warn the company's old direct-labor-based allocation system was broken? The ABC svstem is likelv to nass the Ynst-hanefit tast harause Kane Corporation manufactures Several years after reengineering its production process, Kane Corporation hired a new controller, Denise French. She developed an ABC system very similar to the one used by Kane's chief rival. Part of the reason French developed the ABC system was because Kane's profits had been declining even though the company had shifted its product mix foward the product that had appeared most profitable under the old system. Before adopting the new ABC system, Kane had used a plantwide overhead rate based on direct labor hours that was developed years ago. (Click the icon to view the overhead costs and budgeted data.) Read the requirements. Requirement 1. Compute the gross profit per wheel if managers rely on the ABC unit cost data, (Enter amounts to two decimal places.) Begin by computing the total manufacturing cost per wheel for each wheel model. Now compute the gross profit per wheel for each wheel model. Kane Corporation Requirement 2. Compute the gross profit per wheel if the managers rely on the plantwide allocation cost data. Begin by computing the total manufacturing costs. (Enter amounts to two decimal places.) increased marketing efforts arning sig raised the selling price of it's products shifted its product mix toward the product that had appeared most profitable under the old system Using the new ABC system, the standard model is the deluxe model. Activity-based costing data generally are cost data generated by a plantwide overhead allocation rate. ABC systems have cost categories (activities), each with its own allocation base. ABC cost assignments represent the cost of resources consumed to manufacture (and support) products. Requirement 4 . Why might the controller have expected ABC to pass the cost- b the company's old direct-labor-based allocation system was broken? rarning signs that The ABC svstem is likelv to nass the cost-henafit tast harause Kane Corporation do not accurately less accurately The old cost svstem aboears "broken' because orofits have heen declinina even more accurately Requirement 2. Compute the gross profit per wheel if the managers rely on the plantwide allocation cost data. Begin by computing the total manufacturing costs. (Enter amounts to two decimal places.) Kane Corporation Now compute the gross profit per wheel for each wheel model if the managers rely on the plantwide allocation cost data. (Enter amounts to two decimal places.) Kane Corporation Gross profit per unit using plantwide overhead rate Requirement 3 . Which product line is more profitable for the company? Using the new ABC system, the standard model is the deluxe model. Activity-based costing data generally are cost data generated by a plantwide overhead allocation rate. ABC systems have cost categories (activities), each with its own allocation base. ABC cost assignments represent the cost of resources consumed to manufacture (and support) products. Requirement 4. Why might the controller have expected ABC to pass the cost-benefit test? Were there any warning signs that the company's old direct-labor-based allocation system was broken? The ABC svstem is likelv to Dass the cost-benefit test because Kane Corporation manufactures Data table Requirements 1. Compute the gross profit per wheel if managers rely on the ABC unit cost data. 2. Compute the gross profit per wheel if the managers rely on the plantwide allocation cost data. 3. Which product line is more profitable for the company? 4. Why might the controller have expected ABC to pass the cost-benefit test? Were there any warning signs that the company's old direct-labor-based allocation system was broken? Requirement 3 . Which product line is more profitable for the company? Using the new ABC system, the standard model is the deluxe model. Activity-based costing data gener cost data generated by a plantwide overhead allocation rate. ABC systems have cost 1 its own allocation base. ABC cost assignments represent the cost of reso support) products. just as accurate as controller have expected ABC to pass the cost-benefit test? Were there any warning signs tha ased allocation system was broken? less accurate than s the cost-benefit test because Kane Corporation manufactures more accurate than roken" because profits have been declining even though the company Requirement 3 . Which product line is more profitable for the company? Using the new ABC system, the standard model is cost data generated by a pla: categories (activities), each with its own allocation t consumed to manufacture (and support) products. Requirement 4. Why might the controller have exp the company's old direct-labor-based allocation sys The ABC svstem is likelv to Dass the cost-benefit te the deluxe model. Activity-based costing data generally are ABC systems have cost represent the cost of resources just as profitable as less profitable than more profitable than efit test? Were there any warning signs that anufactures Requirement 1. Compute the gross profit per wheel if managers rely on the ABC unit cost data. (Enter amounts to two decimal pla Begin by computing the total manufacturing cost per wheel for each wheel model. Now compute the gross profit per wheel for each wheel model. Kane Corporation Gross profit per unit using ABC data Requirement 2. Compute the gross profit per wheel if the managers rely on the plantwide allocation cost data. Begin by computing the total manufacturing costs. (Enter amounts to two decimal places.) Kane Corporation Now compute the gross profit per wheel for each wheel model if the managers rely on the plantwide allocation cost data. (Enter amounts to two decimal places.)
