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Please I need help with some exercises i need only the answers . thank you TwoStage ABC for Manufacturing Meridian Company has determined its activity
Please I need help with some exercises i need only the answers . thank you
TwoStage ABC for Manufacturing Meridian Company has determined its activity cost pools and cost drivers to be the following: Cost pools Setup $35,000 Material handling 6,400 Machine operation 240,000 Packing 84,000 Total indirect manufacturing costs $365,400 Cost drivers Setups 350 Material moves 640 Machine hours 20,000 Packing orders 1,200 One product made by Meridian, metal casements, used the following activities during the period to produce 500 units: Setups 20 Material moves 80 Machine hours 1,900 Packing orders 150 (a) Calculate the cost per unit of activity for each activity cost pool. Setup Material move Material operation Packing $Answer 0 $Answer 0 $Answer 0 $Answer 0 (b) Calculate the manufacturing overhead cost per metal casement manufactured during the period. Round your answer to the nearest cent. $Answer 0 Customer Profitability Analysis Gonalong, Inc. has 10 customers that account for all of its $4,510,000 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: Custome r #1 $326,000 #2 594,000 #3 (267,000) #4 999,000 #5 1,040,000 #6 882,000 #7 658,000 #8 322,000 #9 (135,000) #1 0 741,000 Total $5,160,000 (a) Using the customer profitability analysis provided in the exercise to calculate the following profits. (i) Calculate the total profits from the 3 most profitable customers Answer 0 (ii) Calculate the total profits for the 5 most profitable customers Answer 0 (iii) Calculate the total profits for the 8 most profitable customers Answer 0 (iv) Calculate the total profits for the 9 most profitable customers Answer 0 Stage 2 ABC for Manufacturing: Reassigning Costs to Cost Objectives Regal Products has developed the following activity cost information for its manufacturing activities: Activity Machine setup Activity cost $40.00 per batch Movement 15.00 per batch move 0.10 per pound Drilling 2.00 per hole Welding 3.00 per inch Shaping 25.00 per hour Assembly 19.00 per hour Inspection 2.00 per unit Filling an order for a batch of 50 fireplace inserts (each insert weighing 150 pounds) required the following: Three batch moves Two sets of inspections Drilling five holes in each unit Completing 70 inches of welds on each unit Thirty minutes of shaping for each unit One hour of assembly per unit Determine the activity cost of converting the raw materials into 50 fireplace inserts. $Step by Step Solution
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