Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Value-Stream Average Costing, DAC, MBC Costs as Benchmarks A value stream has tsiee activities and two products. The unis produced and shipped per week are

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Value-Stream Average Costing, DAC, MBC Costs as Benchmarks A value stream has tsiee activities and two products. The unis produced and shipped per week are 50 of the deluxe model (Model A) and 250 of the batic model (Model B). The cycle time for Model A is four hours and that of Model a is three hours, The resourte consumption patterns are shown as follows: 1. Calailate the MBC product cont for Modeis A and i. If required, round your answers to the nearest cent. 2a, Calculote the value-stream average product cost. If required, round your answer to the nearest cent. per unt 2b. Aswiming reasonable stability is the consumption pacterns of the products and product mix, aswow how well the products are grouped based on simiarity. 3. Calculate the unt cost of each product using DBC. Round intermediate calculations and vour answers to the nearest cent if rounding is required. Product Cost Per Unit Model. 1 Berinit. Cainilate the toral change in income. If the change is negative, enter anuwer using a minus sign. 3. Caleubth the chasse in profess aterbutable to productover changes. If the change is negative, enter answer using a minus sign: if required, round your intermediate calculations to the nearest doliar. 4. Calculutr the soce-rncovery component. If required, round your intermediate calculations to the nearest dollar. 1. Prepare a quality cost report, classifying costs by category and expressing each category as a percentage of sal rounding is required. For example, 5.78% would be entered as " 5.8 ". 2a. Calculate the value-stream average product cost. If required, round your answer to the nearest cent. per unit 2b. Assuming reasonable stability in the consumption patterns of the products and product mix, assess how well the products are grouped based on similarity. 3. Calculate the unit cost of each product using DBC. Round intermediate calculations and your answers to the nearest cent if rounding is required. How does this compare with the ABC unit costs? Which of the three costing methods would you recommend, and why? The DBC unit costs are both is better than to the ABC unit costs. This suggests that, in the presence of heterogeneity, using DBC for costing. 4. Identify the data analytic types (descriptive, diagnostic, predictive, and prescriptive) that apply for each of the following: Tithinsaliowsinces: Devgn otanges Procofope indoction Dewntime Q Quastronces Bacoping insocchoh Ficd tenting Compiant adjutiment Aequires: 1172.600 121,500 1,100 175,500 10,000 s.100 10,000 1+1.500 Ivans Company Quality cest pepent For the Year inded 20x5 Prevention conts: Aprabar canas. Interhal telure couts Previous

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Accounting Principles

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

12th edition

1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056

Students also viewed these Accounting questions

Question

Write a Python program to check an input number is prime or not.

Answered: 1 week ago

Question

Write a program to check an input year is leap or not.

Answered: 1 week ago

Question

Write short notes on departmentation.

Answered: 1 week ago