This question is based on Example #2 in the Chapter 4 Example packet. This example uses...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6656733c7d798_6276656733befcde.jpg)
Transcribed Image Text:
This question is based on Example #2 in the Chapter 4 Example packet. This example uses ABC to cost two different models of TV's. Assume all the data is the same as the problem in the packet, with the exception of the following numbers for the activity allocation base for all the Medium TV's (3000 TV's) produced. # of material handling orders 393 # of machine hours # of packaging hours 18,929 4,725 Assume that the activity based overhead rates do not change from what was calculated in the problem ($300 per material order handled, $14 per machine hour, and $9 per packaging hour) What is the total cost of producing 1 medium TV, including direct materials, direct labor and manufacturing overhead? Hint: remember that the $660,000 for direct materials and $216,000 for direct labor were for all 3000 medium TV's produced. Likewise, the overhead numbers that you will arrive at using the new activity allocation base numbers are for 3000 TV's. So don't forget to divide your final answer by 3000 to arrive at the cost of 1 TV. Round your final answer to the nearest whole number, and don't enter dollar signs. This question is based on Example #2 in the Chapter 4 Example packet. This example uses ABC to cost two different models of TV's. Assume all the data is the same as the problem in the packet, with the exception of the following numbers for the activity allocation base for all the Medium TV's (3000 TV's) produced. # of material handling orders 393 # of machine hours # of packaging hours 18,929 4,725 Assume that the activity based overhead rates do not change from what was calculated in the problem ($300 per material order handled, $14 per machine hour, and $9 per packaging hour) What is the total cost of producing 1 medium TV, including direct materials, direct labor and manufacturing overhead? Hint: remember that the $660,000 for direct materials and $216,000 for direct labor were for all 3000 medium TV's produced. Likewise, the overhead numbers that you will arrive at using the new activity allocation base numbers are for 3000 TV's. So don't forget to divide your final answer by 3000 to arrive at the cost of 1 TV. Round your final answer to the nearest whole number, and don't enter dollar signs.
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Using the data in SE 3, calculate the cost of ending inventory and cost of goods sold according to the LIFO method under the perpetual inventory system.
-
The data are monthly observations on the prices of the largest 136 stocks in Australia from December 1999 to June 2014. Consider a portfolio constructed by holding one share in every one of the \(N\)...
-
(p. 124). Of interest was the ratio of repair to replacement cost of the pipe. The ratios for a sample of 13 different pipe sizes are listed in the next table. Assume these data represent a random...
-
At December 31, 2016, Shutdown Manufacturing Limited had outstanding a $300,000, 12% note payable to Thornton National Bank. Dated January 1, 2014, the note was issued at par and due on December 31,...
-
Megan Corporation's net income last year was $98,000. Changes in the company's balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts: Cash and cash...
-
I have this case study in my corporate finance class. It is about the Glazer Drug Company. Can you please help me find the answer? \f\f\f
-
How have you maintained your medical billing skills over the past 12 months? Include any courses or learning opportunity you used to build your current knowledge base. How did these skills help you?...
-
1. What issues does Bob Holland face as he takes over as CEO of Ben & Jerry's? Which are the most important? 2. Where is the market headed? What are the competitive influences and compare the...
-
Do you think there is a difference between diversity management and affirmative action? Provide an explanation for your response. Support your response with APA cited references. Response: Diversity...
-
1. In what ways do practical and statistical significance work together to help us understand program effects? Can one be important to aprogram evaluator withoutthe other? If so, how? If not, why...
-
How do IT metrics, measurements, productivity, and efficiency work together? Make sure you explain each word.Make sure to pick out two or three specific IT data and measures. Also, back up what you...
-
A version of leadership in AOP group work is - Group of answer choices Strategic Collective Representative Autocratic
-
1 Can you compare your organisations approach to HRM with that of colleagues on your course, especially those in similar industries, to see what alternatives others use? If there are differences in...
-
1 What do they say about the recruitment and selection process? Visit the websites of companies that interest you, perhaps as possible places to work. Or you could choose some of those featured in...
-
Review key contemporary labour market trends? LO1
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App