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Q: vironmentally- ke the product:
A: The correct option is 4.
Q: Which of the following activities would use number of customer orders as an activity base? A.…
A: Activity-based costing: It is a method that helps in finding the activities performed by a company…
Q: or. The product is owne it is delivered from ABC i do you think will be th
A: An inventory system refers to the process of a company tracks its goods starting from the point of…
Q: Requirements: fill up the question marks and find out the cost of goods manufactured.
A: Cost of goods manufactured can be defined as the total cost being accumulated over the goods beings…
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A: Explain the difference between a service company and a manufacturing company. Service Company:…
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A: Working Notes :- In 2020…
Q: ed as one level item. sts. om variable manufacturing
A: Contribution income statement shows the contribution margin by deducting variable cost from sales…
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A: B2B markets are those markets in which one business sells goods and services to other business.
Q: Q1) Below are the examples of cost objects, except: a. product b. services c. department d.…
A: Cost object means something that the company should measure separately as a object which is…
Q: cles for its engineer by buyin
A: The market value of an asset on the valuation date is known as the trade-in value. Assets are sold…
Q: Distinguish between (a) factory overhead and (b) selling and administrative overhead.
A: Factory overhead:
Q: 4. Inventoriable costs become expenses when the O manufacturing process begins. Omanufacturing…
A: Inventoriable costs is the cost shown in balance sheet under head inventory. It includes purchase…
Q: Which of the following is the best example of a unit-level activity? Select one: O a None of the…
A: Unit level activity are the activities which can relates with the per unit produced. It can be…
Q: Classify the following Business Solutions manufacturing expenses as (a) variable (V) or fixed (F)…
A: Variable price: The expenses are related to the number of commodities produced or services rendered.…
Q: Which of the following is the best example of a product-level activity? Select one: O a. Painting a…
A: Product-level-activity: These activities are done related to specific products irrespective of how…
Q: 36-Placing of a purchase order, setting up of a machine, after sales service, etc. are the examples…
A: Cost Centers are departments within the organization that does not contribute directly to the profit…
Q: Required: Compute the following Prime Cost b. Conversion cost a. с. Cost of goods manufactured 6.
A: Cost accounting means the recording of different cost in different account and to find out the cost…
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A: 1. type of event Pivot Table Hence Highest average attendance is for Concert Type of Event Question…
Q: Meaning of manufacturing and explain, thank you
A: Manufacturing and Retailing are two activities which are done in an organisation. Manufacturing…
Q: Which one is a product cost Select one: a. Travel Expenses b. Power c. Rent Factory Building d.…
A: Solution: Rent factory building is a product cost as this is a manufacturing overhead that…
Q: Provide a hypothetical example of a process costing income statement in a manufacturing enterprise.…
A: Process costing is a cost accounting term that describes one method of obtaining and allocating…
Q: Compute It can use ABC information for what decisions? a. Cost cutting b. Pricing c. Product mix d.…
A:
Q: TRUE OR FALSE ABC's objective is to trace costs to products or services as directly as possible.
A: Activity-based costing. This is an overhead allocation method in which overhead and Indirect costs…
Q: DO, and the remaining use ecorded process trade se 000.
A: Given: To compute the given as,
Q: Appropriate base to allocate purchase department cost to different products is? A. Machine Hour B.…
A: Absorption costing involves allocation of production expenses to product based on a parameter
Q: Costs labor and uo o1ɔ IJed o O UoueAIm:
A: In this problem , Nelly Co. incurred a cost for plannting…
Q: Manufacturing costs include selling and administrative costs. Select one: O a. TRUE O b. FALSE
A: Manufacturing cost: It is a cost incurred for the production of a product like Direct labor, direct…
Q: Q3 Explain the similarities and differences between job order cost and process cost system
A: Job order costing means finding or calculating costs associated with a job that is specific or a…
Q: Allocate the common cost to Factory, Sales, and Administrative with a solution
A: given total costs factory sales administrative utilities 25000 60% 10% 30% taxes…
Q: udard Selling Price ct Materials ect Labour
A:
Q: . A company manufacturing ca са
A: Variable prices and glued prices, in social science, ar the 2 main kinds of prices that a…
Q: as a Cost Center a Line It Production Li
A: Line item budget Actual variance % variance Production Line wages 20,000…
Q: prepare manufacturing acc
A: The requirement is to prepare the manufacturing account for James ltd. The manufacturing account…
Q: 3. Machinery, computers, and human skills and abilities are part of an organization's a. Environment…
A: Every business runs for the purpose of generating profit. Investment of resources is important for…
Q: two departments: Assembly Department follow: Work in Pm Spoiled U Started in Transferre
A: Cost of Abnormal loss is allocated to the units spoiled and is separately charged to the Profit and…
Q: ick the icon to view the information.) he requirements rement 1. Compute the actual and budge…
A: In the given question overhead rate is calculated on the basis of direct Labor cost. Therefore…
Q: fit - Expenses = aterials Direct Labor = Manufacturing Costs = Cost of Goods Manufactured : WTD
A: As per rule, allowed to answer one question at a time and post the remaining in the next submission.
Q: Discuss the history of ABC method (Use references if you use any) Define the following with…
A: Activity-based costing a method of assigning overheads based on usage of a particular activity. It…
Q: The cost of telephone servoce for the executive offices * O Product Cost O Period Cost
A: There are two types of costs incurred in the business. Product costs means cost related to…
Q: Classify the following manufacturing costs of Business Solutions as either (a) variable (V) or fixed…
A: Electricity for workshop is a variable cost.
Q: LO 6.2ldentify appropriate cost drivers for these cost pools: A. setup cost pools B. assembly cost…
A: Cost Drivers: The direct cause of a cost is referred to as a cost driver. Fixed costs do not change,…
Q: Which of the following components in the supply chain of a manufacturing company are most concerned…
A: Supply chain management (SCM) is the technique used for managing the goods and service. It involves…
Q: Work in process inventory, 08/31/x2? Finished goods inventory, 08/31/x2?
A: Work in process inventory means inventory which is not in process yet, which is not completely…
Q: COST ACCOUNTING PLS SHOW SOLUTION
A: Solution:- 7)Calculation of over-allocated or under-allocated conversion costs for the month as…
Q: ntained in a product structure diagram?
A: Given: To analyse the information being present in the product structured information as follows,
Q: Explain an example of manufacturing overhead.
A: Manufacturing overhead costs: “The costs, which do not relate directly with the manufacturing of…
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- Personal Protective Gears & More (PPGM) design and manufacture masks for students. After production, the masks are placed into individual cases, before being transferred into Finished Goods. The accounting records of the business reflect the following data at June 30, 2021, for the manufacturing of masks for Mount Marlie High School.Inventory 1/7/2020 30/6/2021Raw Materials $230,000 $260,000Factory Supplies $35,000 $24,000Work in Progress $348,300 $203,300Finished Goods $632,900 $485,000Other information:Sales Revenue $5,731,000Factory Supplies Purchased 64,000Direct Factory Labor 792,000Raw Materials Purchased 560,000Plant janitorial service 37,000Depreciation: Plant & Equipment 186,000Total Utilities 1 481,250Production Supervisor’s Salary 450,000Design Costs (School Logo) 26,000Packaging Cases Cost 42,000Total Insurance 2 168,000Delivery Vehicle Drivers’ Wages 181,500Depreciation: Delivery Vehicle 53,290Property Taxes 3 240,000Administrative Wages & Salaries…Personal Protective Gears & More (PPGM) design and manufacture masks for students. Afterproduction, the masks are placed into individual cases, before being transferred into Finished Goods. Theaccounting records of the business reflect the following data at June 30, 2021, for the manufacturing of masks for Mount Marlie High School. Inventory 1/7/2020 30/6/2021Raw Materials $230,000 $260,000Factory Supplies $35,000 $24,000Work in Progress $348,300 $203,300Finished Goods $632,900 $485,000Other information:Sales Revenue $5,731,000Factory Supplies Purchased 64,000Direct Factory Labor 792,000Raw Materials Purchased 560,000Plant janitorial service 37,000Depreciation: Plant & Equipment 186,000Total Utilities 1 481,250Production Supervisor’s Salary 450,000Design Costs (School Logo) 26,000Packaging Cases Cost 42,000Total Insurance 2 168,000Delivery Vehicle Drivers’ Wages 181,500Depreciation: Delivery Vehicle 53,290Property Taxes 3…Personal Protective Gears & More (PPGM) design and manufacture masks for students. Afterproduction, the masks are placed into individual cases, before being transferred into Finished Goods. Theaccounting records of the business reflect the following data at June 30, 2021, for the manufacturing ofmasks for Mount Marlie High School.Inventory 1/7/2020 30/6/2021Raw Materials $230,000 $260,000Factory Supplies $35,000 $24,000Work in Progress $348,300 $203,300Finished Goods $632,900 $485,000Other information:Sales Revenue $5,731,000Factory Supplies Purchased 64,000Direct Factory Labor 792,000Raw Materials Purchased 560,000Plant janitorial service 37,000Depreciation: Plant & Equipment 186,000Total Utilities 1 481,250Production Supervisor’s Salary 450,000Design Costs (School Logo) 26,000Packaging Cases Cost 42,000Total Insurance 2 168,000Delivery Vehicle Drivers’ Wages 181,500Depreciation: Delivery Vehicle 53,290Property Taxes 3 240,000Administrative Wages & Salaries…
- Personal Protective Gears & More (PPGM) design and manufacture masks for students. Afterproduction, the masks are placed into individual cases, before being transferred into Finished Goods. Theaccounting records of the business reflect the following data at June 30, 2021, for the manufacturing ofmasks for Mount Marlie High School.Inventory 1/7/2020 30/6/2021Raw Materials $230,000 $260,000Factory Supplies $35,000 $24,000Work in Progress $348,300 $203,300Finished Goods $632,900 $485,000Other information:Sales Revenue $5,731,000Factory Supplies Purchased 64,000Direct Factory Labor 792,000Raw Materials Purchased 560,000Plant janitorial service 37,000Depreciation: Plant & Equipment 186,000Total Utilities 1 481,250Production Supervisor’s Salary 450,000Design Costs (School Logo) 26,000Packaging Cases Cost 42,000Total Insurance 2 168,000Delivery Vehicle Drivers’ Wages 181,500Depreciation: Delivery Vehicle 53,290Property Taxes 3 240,000Administrative Wages & Salaries…Personal Protective Gears & More (PPGM) design and manufacture masks for students. Afterproduction, the masks are placed into individual cases, before being transferred into Finished Goods. Theaccounting records of the business reflect the following data at June 30, 2021, for the manufacturing ofmasks for Mount Marlie High School.Inventory 1/7/2020 30/6/2021Raw Materials $230,000 $260,000Factory Supplies $35,000 $24,000Work in Progress $348,300 $203,300Finished Goods $632,900 $485,000Other information:Sales Revenue $5,731,000Factory Supplies Purchased 64,000Direct Factory Labor 792,000Raw Materials Purchased 560,000Plant janitorial service 37,000Depreciation: Plant & Equipment 186,000Total Utilities 1 481,250Production Supervisor’s Salary 450,000Design Costs (School Logo) 26,000Packaging Cases Cost 42,000Total Insurance 2 168,000Delivery Vehicle Drivers’ Wages 181,500Depreciation: Delivery Vehicle 53,290Property Taxes 3 240,000Administrative Wages & Salaries…Personal Protective Gears & More (PPGM) design and manufacture masks for students. Afterproduction, the masks are placed into individual cases, before being transferred into Finished Goods. Theaccounting records of the business reflect the following data at June 30, 2021, for the manufacturing ofmasks for Mount Marlie High School.Inventory 1/7/2020 30/6/2021Raw Materials $230,000 $260,000Factory Supplies $35,000 $24,000Work in Progress $348,300 $203,300Finished Goods $632,900 $485,000Other information:Sales Revenue $5,731,000Factory Supplies Purchased 64,000Direct Factory Labor 792,000Raw Materials Purchased 560,000Plant janitorial service 37,000Depreciation: Plant & Equipment 186,000Total Utilities 1 481,250Production Supervisor’s Salary 450,000Design Costs (School Logo) 26,000Packaging Cases Cost 42,000Total Insurance 2 168,000Delivery Vehicle Drivers’ Wages 181,500Depreciation: Delivery Vehicle 53,290Property Taxes 3 240,000Administrative Wages & Salaries…
- Personal Protective Gears & More (PPGM) design and manufacture masks for students. Afterproduction, the masks are placed into individual cases, before being transferred into Finished Goods. Theaccounting records of the business reflect the following data at June 30, 2021, for the manufacturing ofmasks for Mount Marlie High School.Inventory 1/7/2020 30/6/2021Raw Materials $230,000 $260,000Factory Supplies $35,000 $24,000Work in Progress $348,300 $203,300Finished Goods $632,900 $485,000Other information:Sales Revenue $5,731,000Factory Supplies Purchased 64,000Direct Factory Labor 792,000Raw Materials Purchased 560,000Plant janitorial service 37,000Depreciation: Plant & Equipment 186,000Total Utilities 1 481,250Production Supervisor’s Salary 450,000Design Costs (School Logo) 26,000Packaging Cases Cost 42,000Total Insurance 2 168,000Delivery Vehicle Drivers’ Wages 181,500Depreciation: Delivery Vehicle 53,290Property Taxes 3 240,000Administrative Wages & Salaries…Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2020. Assume the following manufacturing costs: Direct materials: $2,200 Factory overhead: $490 Direct labor: $900 Beginning work in process: none (December 31, 2019) Ending work in process: $540 (January 31, 2020) Beginning finished goods inventory: none (December 31, 2019) Ending finished goods inventory: $350 (January 31, 2020) . Prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2020.Having gone through the principles II class, imagine you are an intern at Floro agro florists and its end year. The Warehouse Manager is overwhelmed with work and realizes that you can just be the perfect person to help him with inventory-related issues after he realizes a glitch in some year's records. The information for the years in question has been provided as follows; 2018 2019 2020 Current Assets = 1,000 1,250 1,750 Non-Current Assets = 5,000 6,250 8,750 Total Assets = 6,000 7,500 10,500 Long term Liabilities = 2,000 2,500 3,500 Revenue = 1,000 1,250 1,750 Cost of Sales 40% on cost for all the Years Assume that ending Inventory was overstated by K1, 500 in 2018 and Understated by K10, 000 ends of 2019. Required a. Calculate the Cost of goods sold for the years 2018, 2019, and 2020 b. Calculate the Owners Equity value for the…
- In preparation for the 2022 English Week Celebration, Beacon Hills High School Student’s council entered into a contract with Beacon Clothing which shall produce 180 organizational shirts with the following costs: Materials – P 8,000; Direct Labor – P 5,500 and Applied Overhead – P 4,500. Before the delivery, it was found out that a rework has to be done for all of the 180 shirts. As a consequence, additional P 5.00 for the materials, P 2.00 for labor and P 3.00 for overhead will be spent for each defective shirt with Beacon Clothing charges its customer at 50% above cost. FIND: Assume that the rework is due to customer’s specifications: How much should be charged to Work In Process to record production before rework? How much should be charged to Work In Process to record the rework? What is the total cost of the 180 shirts delivered to Beacon Hills High School Student’s council? How much should Beacon Hills High School Student’s council pay for the 180 shirts? How much should…In preparation for the 2022 English Week Celebration, Beacon Hills High School Student’s council entered into a contract with Beacon Clothing which shall produce 180 organizational shirts with the following costs: Materials – P 8,000; Direct Labor – P 5,500 and Applied Overhead – P 4,500. Before the delivery, it was found out that a rework has to be done for all of the 180 shirts. As a consequence, additional P 5.00 for the materials, P 2.00 for labor and P 3.00 for overhead will be spent for each defective shirt with Beacon Clothing charges its customer at 50% above cost. FIND: Assume that the rework is due to internal failure: How much should be charged to Work In Process to record production before rework? How much should be charged to Work In Process to record the rework? What is the total cost of the 180 shirts delivered to Beacon Hills High School Student’s council? How much should Beacon Hills High School Student’s council pay for the 180 shirts? How much should each of the…Shaker Stairs Co. designs and builds factory-made premium wooden stairways for homes. The manufactured stairway components (spindles, risers, hangers, hand rails) permit installation of stairways of varying lengths and widths. All are of white oak wood. Budgeted manufacturing overhead costs for the year 2020 are as follows. Overhead Cost Pools Amount Purchasing $75,000 Handling materials 82,000 Production (cutting, milling, finishing) 210,000 Setting up machines 100,000 Inspecting 120,000 Inventory control (raw materials and finished goods) 126,000 Utilities 450,000 Total budgeted overhead costs $1,163,000 For the last 4 years, Shaker Stairs Co. has been charging overhead to products on the basis of machine hours. For the year 2020, 100,000 machine hours are budgeted.Jeremy Nolan, owner-manager of Shaker Stairs Co., recently directed his accountant, Bill Seagren, to implement the activity-based costing system that he has…