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ATC 5-1 (PG. 246) Using ABC to improve product pricing) Answer the four questions posed in the case. Include in your answer the basic differences between volume based (traditional) overhead application procedures and the ABC method.
A) Determine the gross profit margin for each product produced based on the ABC data [(selling price - ABC cost per unit) x Units produced]
B) Determine the gross profit margin for each product produced based on the traditional costing data [(selling price - traditional cost per unit) x units produced}
C) Provide an explanation as to why the cost of OS-367 may have increased under the ABC system while the cost of GS-157 decreased.
D) Suggest what action management might take with respect to the discovering resulting from the ABC versus traditional costing analysis. Assume that Drilling Innovations expects to produce a gross profit margin on each product of at least 30 percent of the selling price.
Semtech Manufacturing purchased land and building for $6 million. In addition to the purchase price, Semtech made the following expenditures in connection with the purchase of the land and building:
cooper consulting limited cooper is an engineering firm located in calgary alberta. it is a very successful company
Calculate amount at which Barrett should record the note payable and corresponding merchandise purchased on January 1, 2011.
Leo Lion Corporation incurred manufacturing wages of $17,000, 55% of which were direct labor charges and 45% indirect labor charges. In a single journal entry give the journal entry to record the direct and indirect labor incurred.
Describe why the interest rate for the loan that needs a review report is lower than that for the loan that did not require a review. Describe why the interest rate for the loan that needs an audit report is lower than the interest rate for the ot..
Krouse Corporation reports that at an activity level of 8,100 units, its total variable cost is $517,995 and its total fixed cost is $197,700. What would be the total cost, both fixed and variable, at an activity level of 8,600 units? Assume that ..
journal entry to record sales and cost of sales.on 315 janets spa purchased 90 plush robes from randys spa supplies.
For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31. Find out the price of the bonds at January 1, 2011.
Lamar performed legal services for E. Garr. Due to a cash shortage, an agreement was reached whereby E. Garr. would pay S. Lamar a legal fee of approximately $8,000 by issuing 2,000 shares of its common stock (par $1).
Prepare necessary ledger accounts in the books of both thep arties .also show how the consignment stock will appear in the balance sheet.
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clarke company uses the periodic inventory method and had the following inventory information available unitsunit
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