PLEASE PROVIDE ANSWER WITH FULL CALCULATION FOR MY PRACTICE QUESTION.

1 QUESTION 1 W N Peter Production Ltd. Had the following account balances for the quarter ended Dec 31, unless otherwise noted. Amortization of manufacturing equipment $88,000 Amortization of office equipment $41,200 5 Direct manufacturing labour $160,000 6 Direct materials used $126,000 Finished goods inventory (October 1) $180,000 8 Finished goods inventory (December 31) $170,000 9 General office expenses $101,800 10 indirect manufacturing labour $62,000 11 indirect materials used $28,000 12 marketing distribution costs $10,000 13 miscellaneous plant overhead $45,000 14 plant utilities $30,800 15 Property taxes on plant building $9,600 16 Property taxes on salespersons company vehicles $4,000 17 Work-in-process inventory (Oct 1) $46,800 18 Work-in-process inventory (Dec 31) $57,000 19 A) Prepare a Cost of Goods manufactured schedule for the quarter. 20 B) Prepare the cost of goods sold schedule for the quarterQuestion 2 IN Raj, CEO of the Toronto Symphony Orchestra hired you as the controller of this expanding enterprise. While you toured the premises, Raj 3 4 discussed his expansion plans for TSO. The plans for expansion include the construction of a new 800-seat concert hall for use in musical and theatre performances as well as more teaching studios and practice rooms. 5 6 Raj has partnered with Angela, a drama instructor, to establish the Toronto Theatre Group (TTG) as part of TSO. TTG will use the concert hall 7 (with 800 seats) for rehearsals for four groups (classical theatre, youth theatre, musical theatre, and improvisation). Each group requires 8 three hours per week to rehearse and there are two 12-week sessions in the year - one each in spring and fall. An 9 additional 20 hours per session is devoted to performances. TTG will employ a drama instructor, a vocal instructor and a dance instructor 10 who will each be paid $45,000 annually. Books & learning materials will also be needed at a rate of $80 annually per student. 11 Three part-time employees at $18 per hour will be needed for set assembly for four hours per week for each week that TTG sessions are 12 operating. TSO will incur additional utilities costs of $40 per hour the hall is used. There will be two performances per session for each group and ticket prices for similar performances average $17. The performances are expected to sell at 80% of capacity regardless of student 13 enrolment. Each group is limited to 25 students. Costumes cost an average of $100 per year and will be sold to students at 85% of cost. Set 14 design costs average $5,000 per session per group. 15 Average market pricing is $350 per student. Raj would like you to determine the break-even number of students if he charges $270 per 16 student per session to stimulate demand. 17 18A B C D E F G H 13 5 10 VOUID WNA Question 3 Yorkville Radiology Centre (YRC) performs X-rays, ultrasounds, CT scans, and MRIs. YRC has developed a reputation as a top radiology centre in the area. YRC has achieved this status because it constantly re-examines its processes and procedures. YRC has been using a single, facility-wide overhead allocation rate. The VP of Finance believes that YRC can make better process improvements if it uses more disaggregated cost information. She says "we have state-of-the-art medical imaging technology. Can't we have state-of-the-art accounting technology?" The following budgeted information is available: X-Rays Ultrasound CT Scan MRI Total Technician Labour $61,440 $105,600 $96,000 $105,000 $368,040 Depreciation $32,240 $268,000 $439,000 $897,500 $1,636,740 12 Materials $22,080 $16,500 $24,000 $31,250 $93,830 13 Administration $20,610 14 Maintenance $247,320 15 Sanitation $196,180 16 Utilities $134,350 17 Totals $115,760 $390,100 $559,000 $1,033,750 $2,697.070 18 19 Number of Procedures 3,840 4,400 3,000 2,500 13,740 20 Minutes to clean after each proceure 5 15 35 21 5 15 20 45 22 Minutes for each procedure Sanitation Minutes 19,200 22,000 45,000 87,500 173,700 23 Procedure minutes 19,200 66,000 60,000 112,500 257,700 24 25 YRC operates at capacity. The proposed allocation bases for overhead are as follows: 26 Allocation Base Driver 27 Administration Number of procedures 28 Capital cost of equipment (depreciation) 29 Maintenance (including parts) Sanitation Total cleaning minutes 30 Utilities Total procedure minutes 32 33 REQUIRED: 34 NWWW 1. Calculate the budgeted cost per service for X-rays, ultrasounds, CT scans, and MRIs using the direct technician labour as the cost allocation base. 2. Calculate the budgeted cost per service for X-rays, ultrasounds, CT scans, and MRIs using activity-based costing (ABC)