racquets and 30‚000 badminton racquets). Direct Cost Tennis Racquet (TR) Badminton Racquet (BR) Direct materials $18 per unit $14 per unit Direct Labor 32 per unit 26 per unit Category Estimated Cost Cost Driver Amount of Cost Driver Unit level $750‚000 Number of inspection hours TR: 15‚000 hours BR:10‚000 hours Batch level 250‚000 Number of setups TR:80 setups; BR:45 setups Product level 150‚000 Number of TV Commercials TR: 4; BR: 1 Facility level 650
Premium Costs Cost Variable cost
EXAM 1 – FORM A ACC 242 Fall‚ 2013 Name__________________________________ 1. The following information relates to a job cost system in a factory: For the year Estimated Actual Factory Overhead $600‚000 $635‚000 Direct Labor $500‚000 $525‚000 Direct Materials $500‚000 $520‚000 Direct Labor Hours 300‚000 hrs. 290‚000 hrs. The factory uses a predetermined overhead rate per direct labor hour to apply factory overhead. During the year jobs which cost $1‚200
Premium Costs Variable cost Management accounting
pads and were easier to change. Furthermore‚ the growing concern over the health risks associated asbestos gave CMI’s pads an added advantage. Government regulations prohibiting the use of asbestos or making them costly to handle‚ could push pile drivers toward CMI’s cushion pads. The prospects prompted Robert Manicucci‚ the vice president of Engineered Products Division at CMI‚ to declare: Curled metal cushion pads seem to have more potential than any other product we’ve ever introduced. A successful
Premium Marketing
Manufacturing Overhead Name Institution Manufacturing Overhead Manufacturing overhead costs play a vital role in determining final cost of the product. Manufacturing overhead represents all the costs that the company incurs indirectly and not related to the cost of direct labor‚ direct materials or direct cost of machines (Donald‚ 2010). In short‚ companies are not able to trace these costs to individual items during the manufacturing process. Examples of overhead
Premium Cost accounting Cost Costs
Problem 5-33 First-stage allocation‚ activity-based costing‚ manufacturing sector Overhead Costs: Wages & Salaries Depreciation Rent Other O/H Total O/H Cost $ $ Direct Mfg. Labor Support Wages & Salaries $ 192‚000 Depreciation 15‚000 Rent 36‚000 Other O/H 48‚000 Total O/H Cost $ 291‚000 Activity Rate $ 9.70 Traditional $ 9.70 Order 448200: Direct Mfg. Labor Order Process Design Support Other Direct Materials Direct Labor Direct labor rate/hour Activity Cost Pool Drct Mfg. Labor Order Process
Premium Costs Variable cost Cost
right track‚ baby I was born this way‚” could mean that’s it’s okay to be different. You should be able to accept the way you are because everyone is different‚ and everyone has a different style on how they want to live their life. 2. “Big Yellow Taxi” Artist: Counting Crows This song displays the importance of nature when it says‚ “Don’t it always seem to go that you don’t know what you got ‘til it’s gone‚ they paved paradise and put up a parking lot.” This song is saying that trees and wildlife
Premium Big Yellow Taxi
The Impact of Technology on Humanity Do you remember the good old days when people used to light up a fire to warm the oven‚ when A-tracks were hugely popular and when cars were run on carbureted engines? I sure don’t; I wasn’t alive for those wonderful times. Technology advances take place every day in the world. It can make our lives easier‚ spare us some extra time‚ provide us with new and innovative products/services‚ and also annoy the hell out of us when trying to understand what it is the
Premium Plasma display Big Yellow Taxi Mobile phone
Table of Contents: 1. IKEA – An Introduction …………………………………………………………………………….. 2 2. The reason of why distribution is such a key element of IKEA’s value chain.. 2 3.1 Distribution System of IKEA ………………………………………………………………………… 2 3.2 Porter’s and IKEA modified value chain ……………………………………………………….. 2 3.3 Importance of distribution for IKEA value chain …………………………………………… 2 3. SMA techniques in IKEA for managing its distribution network ………………….. 3 4.4 Target costing
Premium Marketing Costs Management accounting
UNIVERSITY OF TORONTO RSM 222 H1S MIDTERM EXAM‚ Winter 2011 Instructions: DURATION: AID ALLOWED: 1 hour 50 minutes Non-programmable calculator. Programmable calculators have to be reset before the exam. Total marks on the exam are 100 allocated as follows: Section I Marks Achieved 9 Multiple Choice Questions 3 marks each for a total of 27 marks II Short Answer Questions 18 marks III Problem 1: Job Costing 13 Marks Problem 2: Process Costing 12 marks Problem 3: CVP Problem 15 marks Problem
Premium Variable cost Costs Management accounting
1. Compute the cost of a single preschool class and a single birthday party using the current cost system. Preschool Class Costs Birthday Party Costs Building Related $216‚000 Does not count Salaries $50‚000+$20‚000*2=$90‚000 $5‚000*2=$10‚000 Supplies & Foods $18‚000 $3‚000 Advertising Does not count Does not count Total $324‚000 $13‚000 Unit Cost $270 $86.67 2. Would you recommend that TRU continue to allocate the building-related costs only to the preschool program? What alternative
Premium Cost accounting Activity-based costing Costs