Beginner model-abc costing

Assignment Help Accounting Basics
Reference no: EM13147498

Gee-Tar Company manufactures two models of its guitar, the Beginner and the Pro. The Beginner model requires 10,000 direct labor hours and the Pro requires 30,000 direct labor hours. The company produces 3,400 units of the Beginner model and 600 units of the Pro model each year. The company inspects one Beginner for every 100 produced, and inspects one Pro for every 10 produced. The company expects to incur $56,400 of total inspecting costs this year. How much of the inspecting costs should be allocated to the Beginner model using ABC costing?

$14,100
$20,400
$28,200
$47,940

Reference no: EM13147498

Questions Cloud

What is the function of isomerase in glycolysis : What is the function of isomerase in glycolysis. What would happen if isomerase were not present? What would happen to the output of ATP and pyruvate from one molecule of glucose?
Determine the boiling point of a solution : Determine the boiling point of a solution of 22.5 g of fructose, C6H12O6 , in 294 g of phenol.
What will be the accounting entry : A machine costing Rs. 10.0 million and having book value of Rs. 6.5 million was traded-in with another machine having a fair market value of Rs. 7.0 million with an additional cash payment of Rs. 1.0 million. what will be the accounting entry?
Some ways in which community policing is more easily : Describe some ways in which community policing is more easily facilitated today with the use of technology. In a minimum 200 word response, outline some methods that police departments use in order to open the lines of communication with the public. ..
Beginner model-abc costing : The company expects to incur $56,400 of total inspecting costs this year. How much of the inspecting costs should be allocated to the Beginner model using ABC costing?
Calculate the molar mass of the unknown compound : A 0.0355 g sample of an unknown molecular compound is dissolved in 1.000 g of liquid camphor at 200.0°C. Upon cooling, the camphor freezes at 157.7°C. Calculate the molar mass of the unknown compound.
Pose for an audit firm independence : List three types of consulting services that audit firms have provided to their audit clients in recent years. For each item, indicate the specific threats, if any, that the provision of the given service can pose for an audit firm's independence.
Probability that sample mean exceeds population mean : Estimate the mean study time for the population of all students. What is the probability that the sample mean exceeds the population mean by more than 2 hours?
Find the saturation mixing ratio and saturation humidity : Find the saturation mixing ratio and the saturation specific humidity for air with a pressure of 1000 mb and a) a temperature of 10 degrees celsius b) a temperature of 15 degrees celsius.

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Cost drivers and value-added processes

What is activity-based costing? What are some of the key elements of activity-based costing? How does this method differ from a more traditional costing method? Do you prefer ABC over traditional costing methods?

  Retirement of bonds

Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar.) The December 31, 2010 balance sheet of Wolfe Co. included the following items:

  Intermediate products-peels and depeeled spuds

Veron Corporation purchases potatoes from farmers. The potatoes are then peeled, producing two intermediate products-peels and depeeled spuds.

  How much should the town report as property tax revenue

How much should the town report as property tax revenue in its General Fund statements for the year 2009?

  What is sam basis in the moore stock

Barbara transfers $10,000 cash and machinery having a $!5,000 basis and a $35,000 FMV to Moore Corp. in exchange for 50 shares of Moore stock.

  Company repayment and coupons

In 30 years, what will your company's repayment be if you issue the coupon bonds? What if you issue the zeroes?

  Exchanges treated under federal income tax laws

What requirements must be met for property to qualify for like-kind exchange treatment? How are like-kind exchanges treated under the federal income tax laws?

  Printing costs and legal fees-issuance of bonds

The printing costs and legal fees associated with the issuance of bonds should:

  Beginning inventory of finished goods

If the ending inventory of finished goods was $30,000, what was the beginning inventory of finished goods must have been?

  Three tools of financial statement analysis

What are the three tools of a financial statement analysis and what are the functions of each.

  Computing present value of given lottery

You just received notice that you have won the $2 million Indiana Lottery. You will receive $100,000 per year for 20 years with your first payment received today.

  Segregation of duties with adaptations

Segregation of Duties (SoD) and other classic internal controls such as management oversight have been adapted to consider technology. Compare/contrast the classic controls with their adaptations for technology.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd