Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Determine the unit product cost of each product for the current period.
Carroll Company manufactures two products, Product DRT and Product CRT.
The company estimated it would incur $130,890 in manufacturing overhead costs during the current period. Overhead currently is assigned to the products on the basis of direct labour hours. Data concerning the current period\'s operations appear below:
Product DRT
Product CRT
Estimated volume
400 units
1,200 units
Direct labour hours per unit
0.70 hour
1.20 hours
Direct materials cost per unit
$10.70
$16.70
Direct labour cost per unit
$11.20
$19.20
The company is considering using an activity-based costing system to compute unit product costs instead of its traditional system based on direct labour hours. The activity-based costing system would use three activity centres. Data relating to these activities for the current period:
Expected Activity
Activity Center
Estimated Overhead Costs
Total
DRT
CRT
Machine setups
$13,570
230
100
130
Purchase orders
91,520
2,080
810
1,270
General factory
25,800
1,720
280
1,440
$130,890
Determine the unit product cost of each product for the current period using the activity-based costing approach. (Material and direct labour are unchanged. A variety of arithmetic paths can be used to deal with over head. Generally, you must allocate the three overhead pools between the two products, and then calculate the overhead per unit.)
The actuary’s discount rate was 3%. Illustrate what was the amount of the projected benefit obligation at year-end?
When testing the occurrence objective for sales, the auditor is concerned with the possibility of three types of misstatements. One type is sales being included in the journal for which no shipment was made. Discuss other two types of misstatement..
Most consumers perceive iPod portability and storage to be superior to CD players. D. The price of iPods has increased dramatically.
Identification of several factors of materiality and Identify several factors considered by an accountant in deciding whether an item is "material."
Fitzgerald Company wrote checks adding $17,080 during October and $18,650 through November. - Find what was amount of outstanding checks on 30th November?
The trustee has a $700 short term capital loss carryover starting prior year. Prepare a Form 1041, and any required Schedule K-1 for Barclay Trust. Ignore alternative minimum tax . The bond is not private activity bonds. Attach schedule to illustr..
The company prepared the following per unit cost projections of making the part, assuming that overhead is allocated to the part at the normal predetermined overhead rate of 75% of direct labor cost.
Describe and compare the inventories carried by both manufacturing and merchandising companies. Where would these inventories be reported in the financial statements?
Variable and absorption costing unit product costs and income statement; Explanation of Difference in Net Operating Income
Prepare two analyses of Kamp’s alternatives, one showing no explicit opportunity cost and the second showing the explicit opportunity cost of the decision to hold the present home.
How would you support Denny's view? How would you support Austin's view?
Haden Inc. had cash sales of $300,000 and credit sales of $1,050,000. The accounts receivable balance increased $15,000 during the year. How much cash did Haden receive from its customers during the year?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd