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JPAK Company manufactures and sells mountain bikes. It normally operates eight hours a day, five days a week. Using this information, classify each of the following costs as fixed or variable. If additional information would affect your decision, describe the information.
a. Bike frames
b. Screws for assembly
c. Repair expense for tools
d. Direct labor
e. Bike tires
f. Gas used for heating
g. Incoming shipping expenses
h. Taxes on property
i. Office supplies
j. Depreciation on tools
k. Management salaries
1.Hampton Company reports the following information for its recent calendar year
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Activity-based costing system, compute the customer margin for the Lason family. Round off all calculations to the nearest whole cent.
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What is the denominator level of activity, what were the standard hours allowed for the output last year and what was the variable overhead spending variance?
Prepare a schedule showing the allocation of service department costs to other departments. (Leave no cells blank - be certain to enter "0" wherever required.
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