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Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity- based costing system contains the following six activity cost pools and activity rates:
K425 M57
Direct Materials cost per unit $13.00 $56.00Direct Labor cost per unit $5.60 $3.50Number of units produced per year 200 2,000
Activity data have been supplied for the following two products:
Required:
Compute the unit product cost of each product listed above
Camping for Fun, Inc., produces a variety of camping products on a year-round basis. The best-selling item is a compact portable camping stove made from sheets of rust-free aluminum.
Your CFO, in her initial work, needs to decide whether to set up a job order costing system or a process type costing system. She has asked you to make a recommendation based on the following information.
Houston-based Advanced Electronics manufactures audio speakers for desktop computers. The following data relates to period just ended when the company manufactured and sold 42,000 speaker sets:
Define an investment philosophy and strategy. Analyze investment philosophies and strategies in terms of risk, time horizons, and market timing.
Roehler Industrial has estimated that production for the next five quarters will be: Make quarterly direct materials purchases budgets for Roehler Industrial for 2011.
Can you give an example of cost-volume-profit analysis using this techniques in your organization or in your past experience?
Franklin glass works production budget was based on 200,000 units. Each unit requires two standard hours of labor for completion,. Total overhead was budgeted at $900,000 per year, and fixed rate was estimated to be $3 for each unit.
Make a flexible budget for following levels of production: 18,000 units, 20,000 units, and 22,000 units. Find out the flexible budget formula for the year ended December 31?
Actual production and sales were 62,900 coffee mugs, actual direct materials usage was 10,000 lbs. at an actual price of $0.17 per lb., actual direct labor usage was 202,000 minutes at a total cost of $30,300
Given the following information, Describe the budget line for consumer. Be sure to label the axis and give a number for vertical and horizontal intercepts. Slope? Meaning?
Compare and contrast a static budget and the flexible budget in terms of both characteristics, timing and uses.
Strauss Table Company manufactures tables for schools. The 20x4 operating budget is based upon sales of 20,000 units at $ 100 per table.
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