Compute the unit cost of each hat and each pair of jeans

Assignment Help Financial Accounting
Reference no: EM132657609

                                Denim Ware Quantity.          Direct Costs.           MachineHours.              Material Moves        Set- Up

Hats.                         1,200,000.                  $1,600,000                    81,250                  450,000                      150

Jeans                           100,000.                    $300,000.                43,750                    150,000                        100

In addition to the above information,

Cost of running the Machines: $1,200,000

Cost of moving materials: $2,160,000

Cost of Set-ups: $1,440,000

Required:

Question 1. Compute the unit cost of each hat and each pair of jeans using traditional unit based costing.

Question 2. Compute the unit cost of each hat and each pair of jeans using activity-based costing.

Question 3. Describe why the differences in per unit costs occurred and recommend to Zach whether he should continue with his plan.

 

Reference no: EM132657609

Questions Cloud

Should the offer be accepted and why : Use the interest rate as the discount rate. The tax rate is 22%. Assume that in 2004, the rent payment was $24,000. Should the offer be accepted?
Write the corresponding production function : Suppose that you're running a farm to produce raw chickens for KFC. You already know that a baby chick needs two bags of feed to be raised and sold as a broiler
How much need to contribute the first year to fund : If you can save 2% more per year until you retire, how much do you need to contribute the first year to fund your retirement?
What is the amount of liability of Sea Green Enterprises : Sea Green has a policy ceiling of $6,000,000. What is the amount of liability of Sea Green Enterprises and its owners if the form of the business entity
Compute the unit cost of each hat and each pair of jeans : Describe why the differences in per unit costs occurred and recommend to Zach whether he should continue with his plan. Cost of Set-ups: $1,440,000
What is digital banking in bangladesh : What is Digital Banking in Bangladesh? What is the opportunities for Digital Banking in Bangladesh?
Discuss the advantages and disadvantages to using beta : Define beta, what it measures, how to interpret beta, and how beta is used as part of the capital asset pricing model.
Discuss the pros and cons of using the mm proposition : Discuss how leverage impacts the cost of capital, taxes, firm value, and risks. Explain why most investors demand that companies have a reasonable amount of lev
What harm is being prevented by anti-prostitution laws : Should prostitution remain illegal in most jurisdictions? What harm is being prevented by anti-prostitution laws? Make a strong and supported case for.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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