L5 Tutorial Questions
docx
keyboard_arrow_up
School
The University of Queensland *
*We aren’t endorsed by this school
Course
202
Subject
Accounting
Date
Feb 20, 2024
Type
docx
Pages
4
Uploaded by DukeElephantMaster936
AYB202 TUTORIAL 5: QUESTIONS
QUESTION 1
An excel worksheet is provided on blackboard to assist you in completing this question
Go Fast Cycle’s produces three models of bicycles. Model A is a basic bicycle and Go
Fast’s most well-established product with production of 100,000 units in the most recent
period. Model’s B and C have been introduced more recently as more specialised models to
targeting wider customer groups. In the most recent period Go Fast’s production of model’s
B and C was 16,000 units and 12,000 units respectively.
The way in which the three different products used the varying resources of the firm in the most recent period follow:
Model A
Model B
Model C
Total
Direct Labour hours per unit
6.5
3
2.5
Machine hours per unit
1
2
6
Number of set-ups in the period
124
200
342
666
Number of orders of parts
200
480
428
1,108
Overhead costs relating to Go Fast’s production have been analysed into three cost pools
and three related cost drivers. Total overhead costs of $1,004,230 can be broadly classified
as follows, with the chosen cost drivers being those activities with the closest cause-effect
relationship to the cost pools.
Overhead Cost Pool Cost Driver
Budgeted Overhead Costs
Machine operating
Machine hours
$ 583,500
Production scheduling
No. of set-ups
$ 256,630
Purchasing costs No. of orders
$ 164,100
$1,004,230
Required
1.
Calculate the amount of overhead cost per unit of each of the three product lines based on:
a) a single plant-wide rate based on direct labour hours, and b) ABC rates using the three cost drivers identified above.
2.
Compare the overhead allocated per unit for each of the three models sold by Go Fast under the two methods calculated above. Based on your calculations, should Go Fast introduce ABC? – Discuss Why?
AYB202 TUTORIAL 5: QUESTIONS
QUESTION 2
Indi is the management accountant at L&D Architects. She recently began a pilot project exploring the use of time-driven-activity-based-costing (TDABC) using the administration support function for the pilot. Relevant information that Indi has managed to collect so far is provided in Table 1.
Required
(a) Calculate the level of theoretical capacity and practical capacity within the administration support function.
(b) Calculate the cost per time unit of practical capacity
(c) Why do you think Indi believes TDABC would be beneficial to L&D Architects?
a)
Theoretical capacity = (8*5*46*4) + (5*5*46) = 8,510 hours Practical capacity = 8510* 0.8 = 6,808 hours
b)
Cost per time unit = $632,000 / 6808 = $92.83 per time unit c)
As it will help to see unused time and determine inefficiencies in activities in the company.
AYB202 TUTORIAL 5: QUESTIONS
QUESTION 3
Case Study: We will be doing this activity together in class:
After limited discussion, the executive committee of GLITTERS, a jewellery retail and
repair company, that is considering new projects for approval has just rejected a
proposal by the management accountant, Sheila Wilkins, to implement an ABC system
at a cost of $50 000. One of the members of the committee, the deputy CEO, noted,
“Given a choice, I will always prefer a $50 000 investment in improving things a customer
sees or experiences, such as our shelves or our store layout. How does a customer benefit by
our spending $50 000 on a supposedly better accounting system?”
Required
As Sheila Wilkins, write an email to the executive committee responding to this
comment. Consider:
-
How would you respond to this?
-
Think: what are the costs and benefits of ABC?
-
Does ABC suit all businesses?
-
Are there any alternative costing systems that may be more applicable?
-
How do you write an email?
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
AYB202 TUTORIAL 5: QUESTIONS
Additional questions:
In your own time, complete the following questions from the text: Eldenburg et al., 4
th
edition
12.1, 12.4, 12.12
12.24
The answers will be on Black Board each week.
Related Documents
Related Questions
Please answer all parts
Thank you
arrow_forward
A v2.cengagenow.com
Chapter 23 Pre
CengageNOWv2 | Online teaching and learning resource from Cengage Learning
O eBook
E Print Item
Hercules Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to
production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows:
Activity
Activity Rate
Fabrication
$29 per machine hour
Assembly
$12 per direct labor hour
Setup
$56 per setup
Inspecting
$27 per inspection
Production scheduling
$13 per production order
Purchasing
$10 per purchase order
The activity-base usage quantities and units produced for each product were as follows:
Activity Base
Elliptical Machines
Treadmill
Machine hours
1,699
1,002
Direct labor hours
425
166
Setups
60
19
Inspections
694
416
Production orders
72
14
Purchase orders
200
122
Units produced
285
191
Use the activity rate and…
arrow_forward
- Main View | Course X
* CengageNOWV2| Online teachin X
University of Sioux Falls, South D x -
genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator%3D&inpro...
eBook
Average Rate of Return-Cost Savings
Maui Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $90,000 with a $8,000
residual value and a ten-year life. The equipment will replace one employee who has an average wage of $15,980 per year. In addition, the equipment
will have operating and energy costs of $4,350 per year.
Determine the average rate of return on the equipment, giving effect to straight-line depreciation on the investment. If required, round to the nearest
whole percent.
IC
arrow_forward
Ch1 Problem - Cost Classifications
Complete the problem by hand by putting X's in the correct columns and answering the second question. You may download this document,
fill it out, and then scan and submit as a pdf rather than rewriting everything in the table.
1. Marek is considering whether to produce and sell classic wooden surfboards in his spare time. He has a garage that was constructed at a cost
of $12,000 several years ago, and which could be used for production purposes. The garage would be depreciated over a 20-year life. Marek
has determined that each surfboard will require $60 in wood. He would hire students to do most of the work and pay them $45 for each
surfboard completed. He would rent tools at a cost of $400 per month. Marek will draw money from his savings account to finance getting the
business going. His savings is currently earning 3% interest. He will hire an advertising agency $500 per month to handle marketing his
surfboards. Marek would hire students to sell…
arrow_forward
Question 4.1
White Wizard Company makes golf equipment for retailers around the world. Below you will find a number of activities and cost at White Wizard Company.
Required:
Please list the activity as either, “Batch-level”, “Unit-level”, “Product-level”, “Customer-level” or “Organization-sustaining”.
Activity
Level
1)
A sales representative visits an old customer to check on how the company’s golf carts are working out and to try and make a new sale.
2)
A steering wheel is installed in a golf cart.
3)
The marketing department has a catalogue printed and then mails them to golf course managers.
4)
Completed golf carts are individually tested on the company’s test track.
5)
Molding and sanding each unit of product
6)
An outside lawyer draws up a new generic sales contract for the company, limiting Go Pro’s liability…
arrow_forward
please answer in text form with introduction , concept , explanation, computation , steps for all parts clearly and completely in proper format no AI no copy paste will downvote if use AI or copy paste
arrow_forward
ASK
MATH SOLVER
FIND
Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
bookmark_border
expand_more
Chapter 5 : Process Costing
expand_more
Section: Chapter Questions
format_list_bulleted
Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...
See similar textbooks
Question
Transcribed Image Text:Orion Ic., is a newly organized manufacturing business that plans to manufacture and sell 30,000 units per year of a new product. The following estimates have been made of the company's costs and expenses (other than income taxes): Variable Fixed per Unit Manufacturing costs: Direct materials........... Direct labor... Manufacturing overhead...$440,000 $ 38 47 Period costs: Selling expenses.... Administrative expenses. ..... 360,000 $800,000 $100 Totals ... a. What should the…
arrow_forward
please describe this question in step wise
arrow_forward
E Reading List
Chapter 8 Homework A
Saved
Help
Save & Exit
Submit
Check my work
Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters
(cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company is planning its
raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving
smoothly, the company has the following inventory requirements:
Skipped
a. The finished goods inventory on hand at the end of each month must equal 3,000 units of Supermix plus 20% of the next month's
sales. The finished goods inventory on June 30 is budgeted to be 10,000 units.
b. The raw materials inventory on hand at the end of each month must equal one-half of the following month's production needs for
raw materials. The raw materials inventory on June 30 is budgeted to be 54,000 cc of solvent H300.
c. The company…
arrow_forward
Need hepp please. Thank you
arrow_forward
Comprehensive Problem 5Part C:
Note: This section is a continuation from Parts A and B of the comprehensive problem. Be sure you have completed Parts A and B before attempting Part C. You may have to refer back to data presented in Parts A and B as well as use answers from those parts when completing this section.
Genuine Spice Inc. began operations on January 1 of the current year. The company produces 8-ounce bottles of hand and body lotion called Eternal Beauty. The lotion is sold wholesale in 12-bottle cases for $100 per case. There is a selling commission of $20 per case. The January direct materials, direct labor, and factory overhead costs are as follows:
DIRECT MATERIALS
Cost Behavior
Units per Case
Cost per Unit
Direct Materials Cost per Case
Cream base
Variable
100 ozs.
$0.02
$2.00
Natural oils
Variable
30 ozs.
0.30
9.00
Bottle (8-oz.)
Variable
12 bottles
0.50
6.00
$17.00
DIRECT LABOR
Department
Cost Behavior
Time per Case…
arrow_forward
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
arrow_forward
Please answer all parts completely and correctly with explanation computation formula steps answer in text no copy paste show explanation and computation clearly for numbers provide full working for all steps with explanation
arrow_forward
SF
X My Home
* CengageNOWv2 | Online teachin X
genow.com/iln/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator3D&inpro..
inttil
eBook
Average Rate of Return-Cost Savings
Maui Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $90,000 with a $8,000
residual value and a ten-year life. The equipment will replace one employee who has an average wage of $15,980 per year. In addition, the equipment
will have operating and energy costs of $4,350 per year.
Determine the average rate of return on the equipment, giving effect to straight-line depreciation on the investment. If required, round to the nearest
whole percent.
X %
Feedback
Check My Work
Divide the estimated average annual income by the average investment. Average savings less depreciation expense less additional operating
costs equals average annual income.
Previous
Next
Check My Work
11:24 PM
ロ
5/8/2021
arrow_forward
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
arrow_forward
Proctoring Enable X
brewer5ce_exhibit10_2.jpg (795 X
> brewer5ce_exhibit10_1.jpg (683
+
0
getproctorio.com/secured #lockdown
toring Enabled: Assignment 4 i
Saved
2
The Engine Guys produces specialized engines for "snow climber" buses. The company's normal monthly production volume is 7,000
engines, whereas its monthly production capacity is 14,000 engines. The current selling price per engine is $1,100. The cost per unit of
manufacturing and marketing the engines at the normal volume is as follows:
Costs per
Unit for
Engines
00:54:56
eBook
Manufacturing costs:
Direct materials
Direct labour
$ 100
176
Variable overhead
30
Fixed overhead
176
Subtotal
$ 482
Marketing costs:
Variable
Fixed
Subtotal
Total unit cost
$ 55
121
176
$ 658
Mc
Graw
Hill
ming
ngs
Required:
Answer the following independent questions.
1-a. The Provincial Bus Company wishes to purchase 700 engines in October. The bus company is willing to pay a fixed fee of
$840,000 and reimburse The Engine Guys for all manufacturing…
arrow_forward
Help solving this problem
arrow_forward
A v2.cengagenow.com
Chapter 23 Pre
+
CengageNOWv2 | Online teaching and learning resource from Cengage Learning
O eBook
E Print Item
Activity-Based Costing and Product Cost Distortion
Handbrain Inc. is considering a change to activity-based product costing. The company produces two products, cell phones and tablet PCs, in a single production
department. The production department is estimated to require 4,000 direct labor hours. The total indirect labor is budgeted to be $655,200.
Time records from indirect labor employees revealed that they spent 60% of their time setting up production runs and 40% of their time supporting actual production.
The following information about cell phones and tablet PCs was determined from the corporate records:
Number
Direct
of
Labor
Units
Setups
Hours
Cell phones
1,600
2,000
84,000
Tablet PCs
800
2,000
84,000
Total
2,400
4,000
168,000
If required, round your answers to the nearest cent.
a. Determine the indirect labor cost per unit allocated to cell…
arrow_forward
Question Workspace
Check My Work
Undertone Boating and Marine supports retail boat and water craft centers on the east coast by supplying them with quality power-boat and sailboat parts such as motors, oil filters, bildge pumps, boat covers, etc. The company’s 140 sales representatives work exclusively in the field visiting client company locations and submitting sales orders from laptop computers via an Internet connection to the corporate offices in Delaware. All of Undertone’s sales orders are received in this manner. Customer account, sales history, inventory, and cash receipts records are stored on a central server at the corporate site. Customers are billed digitally from the corporate office on a net 30 basis.
Required:
Outline the access controls that would be appropriate for this situation. Explain why these controls are necessary
arrow_forward
Assignment 6.1: Session 6 Comprehensive Problem (Chapter 8)
Instructions
In this session, we have a 6-part comprehensive problem. Download the Session 6 Comprehensive Problem Templates below to complete the 6 required parts of the problem. You will need your Bergevin and MacQueen book for reference.
Rancho Cucamonga Inc. began business on January 1, 2020. The firm earned $100 from sales in its first year of business. Rancho Cucamonga collected $90 of revenue earned in cash during 2020 and reported a $10 account receivable on its 2020 balance sheet. The firm paid $70 cash for operating expenses in 2020 and reported a $5 account payable for unpaid operating expenses on its 2020 balance sheet. Income tax laws only recognize cash collected from sales and cash paid for expenses as taxable items in the year collected or paid.
Rancho Cucamonga also reported a $10 fine, paid in cash, to the federal government for unfair business practices. Generally accepted accounting principles allow firms…
arrow_forward
A v2.cengagenow.com
My Home
CengageNOWv2 | Online teaching and learning resource from Cengage Learning
еBook
E Print Item
Kenzie Company purchased a 3-D printer for $402,000. Although this printer is expected to last for ten years, Kenzie knows the technology will become old quickly and so
she plans to replace this printer in three years. Kenzie Company will be able to sell the printer for $30,000.
Using the double-declining-balance method, what amount will be recorded as depreciation expense each year, and what will the book value be at the end of each year
after depreciation is recorded? Round final answers to nearest whole dollar amount.
Depreciation
Вook
Expense
Value
Year 1
$4
Year 2
$
Year 3
$4
Previous
Next
%24
%24
%24
%24
%24
arrow_forward
Problem 3-10 (Algo)
The Tuff Wheels was getting ready to start its development project for a new product to be added to its small motorized vehicle line for children. The new product is called the Kiddy Dozer. It will look like a miniature bulldozer, complete with caterpillar tracks and a blade. Tuff Wheels has forecasted the demand and the cost to develop and produce the new Kiddy Dozer. The following table contains the relevant information for this project.
Development cost $ 1,650,000
Estimated development time 9 months
Pilot testing $ 200,000
Ramp-up cost $ 400,000
Marketing and support cost $ 150,000 per year
Sales and production volume 60,000 per year
Unit production cost $ 100
Unit price $ 245
Interest rate 8 %
Tuff Wheels also has provided the project plan shown as follows. As can be seen in the project plan, the company thinks that the product life will be three years until a new product must be created. Assume all cash flows occur at the end of each period.
a. What is the net…
arrow_forward
A https://mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt33019128&cmid%3D204453&page%3D1
E BusinessCouse
A Return to course
* My Sub
M6: MBC Exercises Ch. 6 Navigation
Finish attempt
Question 2 Not complete
Mark 0.00 out of 1.00
P Flag question
Margin of Safety
Yellow Sticker Company's variable expenses are 40% of sales. The company has monthly fixed expenses of $15,000 and sells each unit for $0.50. The monthly target operating income is $7,500.
a. What is the monthly margin of safety in dollars if Yellow Sticker Company achieves its operating income goal?
SO
x in dollars
b. What is the monthly margin of safety in units if Yellow Sticker Company achieves its operating income goal?
x units
Check
You have correctly selected 0.
Incorrect
Marks for this submission: 0.00/1.00.
O Previous
B Save Answers
arrow_forward
eBook
Question Content Area
Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $15. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $30. If it is assumed that Rough Stuff has 4,800 hours available on the cutting machine to service a minimum demand for each product of 3,000 units, how much will profits increase if 104 more hours of machine time can be obtained?
arrow_forward
Please I need fast answer no plagiarism please and introduction required both subparts answer i give up vote 2
arrow_forward
Chapter 12: Applying Excel: Exercise (Part 2 of 2) (Algo)
2. The company is considering a project involving the purchase of new equipment. Change the data area of your worksheet to match
the following: Use Exhibit 128-1 and Exhibit 128-2. (Use appropriate factor(s) from the tables provided.)
A
B.
Chapter 12: Applying Excel
2
Data
4
Example E
Cost of equipment needed
430,000
45,000
35,000
20,000
6.
Working capital needed
Overhaul of equipment in four years
8.
Salvage value of the equipment in five years
$4
9.
Annual revenues and costs:
435,000
10
Sales revenues
11
Cost of goods sold
245,000
Out-of-pocket operating costs
%24
50,000
12
13
Discount rate
17 %
arrow_forward
Cleveland Foods Data Note: You can download
the Excel file containing Cleveland Foods' data
by clicking the above link and perform the
necessary calculations for answering the
upcoming questions. Question 12 (1 point) □
What is the unit contribution of BlueLiq,
considering the given information? $0.70 $2.50 $
1.00 $1.70
$
$
J
0
20% Retail Margin
2.50 Price to consumers (Retail Price)
15% Wholesale Margin
2.00 Price to retailers (Wholesale Price)
$
1.70 Price to Wholesalers
Variable Costs
$ 0.70 per unit
Fixed Costs
Variable Manufacturing Costs
$300,000 annual
$200,000 Corporate Overhead
$250,000 Marketing and Advertising
$750,000 Total Fixed Costs
Cleveland Foods Data
Fixed Manufacturing Costs
Note: You can download the Excel file containing Cleveland Foods' data by clicking
the above link and perform the necessary calculations for answering the upcoming
questions.
Question 11 (1 point).
Listen
4
What is the price at which Cleveland Foods sells BlueLiq to wholesalers?
$1.70
$2.50
$1.00
arrow_forward
A edugen.wileyplus.com
Forsyth Tech - Community College
Content
WileyPLUS
PLUS Davis, Managerial Accounting, 3e
Help | System Announcements
PRINTER VERSION
NEXT
CALCULATOR
1 BACK
URCES
Problem 3-29
Briggs Herrera, president of Ivanhoe Recreation Products, Inc., is concerned about declines that he is beginning to see in the demand for the company's line of old school logo basketballs as new
competitors enter the market. At a current contribution margin of $10, the company must sell 84,750 basketballs to generate the desired $200,000 in annual operating income. Based on a recent
market research report, Briggs thinks the company can expect annual sales of only 70,625 basketballs in the future.
arrow_forward
Problem 8-53 (Algo) Learning Curves [LO 8-1, 8-5]
Ellington Company manufactures a line of motorbikes and dirt bikes under the trade name CrossCountry. The company has been in business for almost 20 years and has maintained a profitable share of the recreational vehicle market due to its reputation for high-quality products. In addition, Ellington’s engineering department has kept the company in the forefront by incorporating the latest technology in the CrossCountry bikes. Most subassembly work for the bikes is subcontracted to reliable vendors. However, the final assembly and inspection of all products is performed at Ellington’s plant.
Ellington recently developed a new braking system for the CrossCountry Model-500 dirt bike. Because of the company’s current availability of production capacity, Jim Walsh, production manager, recommended that the first lot of the new braking system be manufactured in-house rather than by subcontractors. This 180-unit production run has now been…
arrow_forward
2: Homework
Question 5 of 9
- / 1
View Policies
Current Attempt in Progress
Cullumber's Candles will be producing a new line of dripless candles in the coming years and has the choice of producing the candles
in a large factory with a small number of workers or a small factory with a large number of workers. Each candle will be sold for $10.
If the large factory is chosen, the cost per unit to produce each candle will be $3.60. The cost per unit will be $7.50 in the small
factory. The large factory would have fixed cash costs of $2.30 million and a depreciation expense of $300,000 per year, while those
expenses would be $470,000 and $100,000, respectively, in the small factory.
Calculate the pretax operating cash flow break-even point for both factory choices for Cullumber's Candles. (Round answers to
nearest whole units e.g. 152.)
retax operating cash flow breakeven point for the large factory is
units and for the small factory is
eTextbook and Media
Save for Later
Attempts: 0 of 3…
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Related Questions
- Please answer all parts Thank youarrow_forwardA v2.cengagenow.com Chapter 23 Pre CengageNOWv2 | Online teaching and learning resource from Cengage Learning O eBook E Print Item Hercules Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows: Activity Activity Rate Fabrication $29 per machine hour Assembly $12 per direct labor hour Setup $56 per setup Inspecting $27 per inspection Production scheduling $13 per production order Purchasing $10 per purchase order The activity-base usage quantities and units produced for each product were as follows: Activity Base Elliptical Machines Treadmill Machine hours 1,699 1,002 Direct labor hours 425 166 Setups 60 19 Inspections 694 416 Production orders 72 14 Purchase orders 200 122 Units produced 285 191 Use the activity rate and…arrow_forward- Main View | Course X * CengageNOWV2| Online teachin X University of Sioux Falls, South D x - genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator%3D&inpro... eBook Average Rate of Return-Cost Savings Maui Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $90,000 with a $8,000 residual value and a ten-year life. The equipment will replace one employee who has an average wage of $15,980 per year. In addition, the equipment will have operating and energy costs of $4,350 per year. Determine the average rate of return on the equipment, giving effect to straight-line depreciation on the investment. If required, round to the nearest whole percent. ICarrow_forward
- Ch1 Problem - Cost Classifications Complete the problem by hand by putting X's in the correct columns and answering the second question. You may download this document, fill it out, and then scan and submit as a pdf rather than rewriting everything in the table. 1. Marek is considering whether to produce and sell classic wooden surfboards in his spare time. He has a garage that was constructed at a cost of $12,000 several years ago, and which could be used for production purposes. The garage would be depreciated over a 20-year life. Marek has determined that each surfboard will require $60 in wood. He would hire students to do most of the work and pay them $45 for each surfboard completed. He would rent tools at a cost of $400 per month. Marek will draw money from his savings account to finance getting the business going. His savings is currently earning 3% interest. He will hire an advertising agency $500 per month to handle marketing his surfboards. Marek would hire students to sell…arrow_forwardQuestion 4.1 White Wizard Company makes golf equipment for retailers around the world. Below you will find a number of activities and cost at White Wizard Company. Required: Please list the activity as either, “Batch-level”, “Unit-level”, “Product-level”, “Customer-level” or “Organization-sustaining”. Activity Level 1) A sales representative visits an old customer to check on how the company’s golf carts are working out and to try and make a new sale. 2) A steering wheel is installed in a golf cart. 3) The marketing department has a catalogue printed and then mails them to golf course managers. 4) Completed golf carts are individually tested on the company’s test track. 5) Molding and sanding each unit of product 6) An outside lawyer draws up a new generic sales contract for the company, limiting Go Pro’s liability…arrow_forwardplease answer in text form with introduction , concept , explanation, computation , steps for all parts clearly and completely in proper format no AI no copy paste will downvote if use AI or copy pastearrow_forward
- ASK MATH SOLVER FIND Principles of Accounting Volume 2 19th Edition ISBN: 9781947172609 Author: OpenStax Publisher: OpenStax College bookmark_border expand_more Chapter 5 : Process Costing expand_more Section: Chapter Questions format_list_bulleted Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct... See similar textbooks Question Transcribed Image Text:Orion Ic., is a newly organized manufacturing business that plans to manufacture and sell 30,000 units per year of a new product. The following estimates have been made of the company's costs and expenses (other than income taxes): Variable Fixed per Unit Manufacturing costs: Direct materials........... Direct labor... Manufacturing overhead...$440,000 $ 38 47 Period costs: Selling expenses.... Administrative expenses. ..... 360,000 $800,000 $100 Totals ... a. What should the…arrow_forwardplease describe this question in step wisearrow_forwardE Reading List Chapter 8 Homework A Saved Help Save & Exit Submit Check my work Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company is planning its raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements: Skipped a. The finished goods inventory on hand at the end of each month must equal 3,000 units of Supermix plus 20% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 10,000 units. b. The raw materials inventory on hand at the end of each month must equal one-half of the following month's production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 54,000 cc of solvent H300. c. The company…arrow_forward
- Need hepp please. Thank youarrow_forwardComprehensive Problem 5Part C: Note: This section is a continuation from Parts A and B of the comprehensive problem. Be sure you have completed Parts A and B before attempting Part C. You may have to refer back to data presented in Parts A and B as well as use answers from those parts when completing this section. Genuine Spice Inc. began operations on January 1 of the current year. The company produces 8-ounce bottles of hand and body lotion called Eternal Beauty. The lotion is sold wholesale in 12-bottle cases for $100 per case. There is a selling commission of $20 per case. The January direct materials, direct labor, and factory overhead costs are as follows: DIRECT MATERIALS Cost Behavior Units per Case Cost per Unit Direct Materials Cost per Case Cream base Variable 100 ozs. $0.02 $2.00 Natural oils Variable 30 ozs. 0.30 9.00 Bottle (8-oz.) Variable 12 bottles 0.50 6.00 $17.00 DIRECT LABOR Department Cost Behavior Time per Case…arrow_forwardhelp please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all workingarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you