Please solve all as they connect with each other please solve by steps to understand stand 1-Assume that an industrial company producing two products x and y with the following cost and production data Y Direct 70$ 90 $ materials per unit Direct wages 50$ 50 $ per unit Indirect ? industrial costs per unit Production 1200 8000 and sales unit unit volume Costs are charged to industrial costs on the basis of 200% of direct wages. The company also uses the + surplus model (30% of industrial costs, setting selling prices for products Required: - Determine the current selling price of each producer (x) and (y) 2- assuming the following available data on specific activities Activity Activity Producer Producer load X needs y needs rate 200 $ / prepare prepare Preparing 700 1650 Machines prepare for Operation Purchase 150 $ / 1000 1000 orders order order order issued Product 300 $/ 500 2000 cheek quality check cheek cheek Machinery 20 h/$ 8000 h 16000 h related activities Required: Determine the price at which products should be sold using the costs of activities 3- Briefly explain using the solution results in (1) and (2) the effect of product unit cost error on company profitability.
Please solve all as they connect with each other please solve by steps to understand stand 1-Assume that an industrial company producing two products x and y with the following cost and production data Y Direct 70$ 90 $ materials per unit Direct wages 50$ 50 $ per unit Indirect ? industrial costs per unit Production 1200 8000 and sales unit unit volume Costs are charged to industrial costs on the basis of 200% of direct wages. The company also uses the + surplus model (30% of industrial costs, setting selling prices for products Required: - Determine the current selling price of each producer (x) and (y) 2- assuming the following available data on specific activities Activity Activity Producer Producer load X needs y needs rate 200 $ / prepare prepare Preparing 700 1650 Machines prepare for Operation Purchase 150 $ / 1000 1000 orders order order order issued Product 300 $/ 500 2000 cheek quality check cheek cheek Machinery 20 h/$ 8000 h 16000 h related activities Required: Determine the price at which products should be sold using the costs of activities 3- Briefly explain using the solution results in (1) and (2) the effect of product unit cost error on company profitability.
Chapter5: Process Costing
Section: Chapter Questions
Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...
Related questions
Question
i need the answer quickly
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Essentials of Business Analytics (MindTap Course …
Statistics
ISBN:
9781305627734
Author:
Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:
Cengage Learning