Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information relates to Questions 1 and 2. Round each answer to 2 des places of rounding is required Quality Carvings Pty Ltd manufactures

image text in transcribed
image text in transcribed
image text in transcribed
The following information relates to Questions 1 and 2. Round each answer to 2 des places of rounding is required Quality Carvings Pty Ltd manufactures two types of dining tables Modello and Model 102 The cost of resources and their resource divers collected for the month just ended are as follows Resources Cost of resources Resource Drivers Quantity of resource drivers 25,000 Cutting machine depreciation 120,000 No. of cutting hours Assembly equipment maintenance 20,000 No. of pieces of assembly tools Electricity No. of kikatt hours Total 167, 400 Sales po 2, 400 The following is a list of the main activities undertaken by Quality Carvings and their activity drivers for the month just ended Activities Quantity of Resource Drivers Consumed Resource Consumption Employees Process orders Kilowatt hours Employees Cutting 3,500 Kilowatt hours 250 Cutting hour Assembly Kilowatt hours Pieces of assembly tools Question 1 Under an activity-based costing (ABC) system, what is the cost per resource driver for employees? $0 per employee Under an ABC system, what is the cost of cutting in your calculations, please assume that the costs of electricity and cutting machine depreciation allocated to cutting are 521000 and 12.00.00 respective 21 ut of The following information relates to Questions 1 and 2. Round each answer to 2 dec places (if rounding is required) Quality Carvings Pty Ltd manufactures two types of dining tables: Model101 and Model102. The cost of resources and their resource drivers collected for the month just ended are as follows. Resources Cost of resources ($) Resource Drivers Quantity of resource drivers Salaries 25,000 No. of employees Cutting machine depreciation 120,000 No. of cutting hours 600 Assembly equipment maintenance 20,000 No. of pieces of assembly tools 50 Electricity 2,400 No. of kilowatt hours 4,000 Total: 167,400 The following is a list of the main activities undertaken by Quality Carvings and their activity drivers for the month just ended. Activities Quantity of Resource Drivers Consumed Resource Consumption 2 Employees Process orders 250 Kilowatt hours Employees Cutting Kilowatt hours Cutting hours Employees Assembly Kilowatt hours 250 Pieces of assembly tools Question 1 Under an activity-based costing (ABC) system, what is the cost per resource driver for employees? $ 2500.00 per employee Your last answer was interpreted as follows: 2500.0 RAAD NG 13/03/2020 Process orders Cutting ed Resource Consumption Employees Kilowatt hours Employees Kilowatt hours Cutting hours Employees Kilowatt hours Pieces of assembly tools Assembly 5 250 50 Question 1 Under an activity-based costing (ABC) system, what is the cost per resource driver for employees? $ 2500.00 per employee Your last answer was interpreted as follows: 2500.0 Question 2 Under an ABC system, what is the cost of cutting in your calculations, please assume that the costs of electricity and cutting machine depreciation allocated to cutting are $ 2100.00 and $ 120000.00, respectively. $ 0 Please answer all parts of the question. Next page s page Accessibility Site Map copyright & Disclaimer integrity Privacy Content & Social Media Disclaimer 4:51 PM ENG 13/03/2020 AS M

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

Step: 3

blur-text-image

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

Artificial Intelligence In Accounting Organisational And Ethical Implications

Authors: Othmar M. Lehner, Carina Knoll

1st Edition

1032055626, 9781032055626

More Books

Students also viewed these Accounting questions

Question

Describe three major themes in cognitive psychology.

Answered: 1 week ago

Question

8.7 Evaluate at least five traditional training techniques.

Answered: 1 week ago

Question

8.5 Identify the five-step training process.

Answered: 1 week ago