Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please post all parts thanks Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costs Wages and salaries Other overhead

please post all parts thanks image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costs Wages and salaries Other overhead costs Total overhead costs $ 300,000 100,000 $ 480,000 Activity Cost Pool Supporting direct labor Order processing Customer support Other Activity Measure Number of direct labor-hours Number of customer orders Number of customers This is an organization- sustaining activity Total Activity for the Year 20,000 DLHS 400 orders 200 customers Not applicable Distribution of Resource Consumption Across Activities Supporting Order Direct Labor Processing Wages and salaries 40% 30% Other overhead costs 30% 10% Customer Support 20% 20% Other 10% 40% Total 100% 100% During the year, Advanced Products completed one order for a new customer, Shenzhen Enterprises. This customer did not on other products during the year. Data concerning that order follow: Data Concerning the Shenzhen Enterprises Order Units ordered 10 units Direct labor-hours 2 DLHS per unit During the year, Advanced Products completed one order for a new customer, Shenzhen Enterprises. This customer did not order any other products during the year. Data concerning that order follow Data Concerning the Shenzhen Enterprises Order Units ordered 10 units Direct labor-hours 2 DLHS per unit Selling price $ 300 per unit Direct materials $ 180 per unit Direct labor $ 58 per unit Required: 1. Prepare a report showing the first-stage allocations of overhead costs to the activity cost pools. 2 Compute the activity rates for the activity cost pools. 3. Calculate the total overhead costs for the order from Shenzhen Enterprises including customer support costs, 4. Calculate the customer margin for Shenzhen Enterprises Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the customer margin for Shenzhen Enterprises Shenzhen Enterprises Customer Margin-ABC Analysis Required 1 Required 2 Required 3 Required 4 Prepare a report showing the first stage allocations of overhead costs to the activity cost pools. Direct Labor Support Order Processing Customer Support Other Totals $ 0 Wages and salaries Other overhead costs Total cost 0 $ $ 0 $ 0 $ 0 $ 0 $ 0 ROK Required 2 > Required 1 Required 2 Required 3 Required 4 Compute the activity rates for the activity cost pools. (Round the "Direct labor support" to 2 decimal places.) Activity Cost Pool Activity Rate Supporting direct labor per DLH Order processing per order Customer support per customer Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the total overhead costs for the order from Shenzhen Enterprises including customer support costs. ABC Cost Activity Cost Pool Supporting direct labor Order processing Customer support Total $ Required 1 Required 2 Required 3 Required 4 Calculate the customer margin for Shenzhen Enterprises. Shenzhen Enterprises Customer Margin-ABC Analysis Costs: 0 Customer margin 0

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_2

Step: 3

blur-text-image_3

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

Survey Of Accounting

Authors: Carl S. Warren

2nd Edition

0324183445, 978-0324183443

More Books

Students also viewed these Accounting questions