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The Pinewood Furniture Company Pty Ltd plans to design two lines of chairs in the coming year-lounge and patio. The company is considering introducing an activity-based costing system. Given below are every activity, its cost and its related activity driver.Activity Cost Activity Driver Material Setups $300,000 Number of setupsMaterial handling $250,000 Number of partsCutting $700,000 Number of partsAssembly $600,000 Direct labour hoursFinishing $450,000 Number of unitsThe level of activity for the year is: Lounge PatioUnits to be produced 10,000 5,000Number of Setups 60 60Number of parts per unit 10 5Direct Labour Hours per unit 5 2Needed:Under an activity-based costing system, what is the total cost of patio chairs for the annual?
Types of Simulation 1) Operational Gaining Method: This refers to those situations involving conflict of interest among players or decision makers within the framework o
Advantages of kaizen costing 1) Record individual tasks 2) Instantly replay observation 3) Select and use best practice 4) Categorize activities using kaizen terminolo
based on your assumptions, calculate the cost per unit (total product cost on a per unit basis) under a traditional accounting system based on direct labor hours (table 1 prepared
tha accountant''s approach to CVP ANALYSIS HAS BEEN CRITICISED IN THATIT DOES NOT DEAL WITH THE FOLLOWING; CHANGES IN PRODUCT MIX. WHY IS IT SO?
Explain the External factors of pricing decisions 1) Demand: the market demand for a product or service obviously has big impact on pricing. Since demand is affected by fact
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in the past,the company had difficulties separating semi-variable costs between varible and fixed costs.the company''s varible cost per unit consists of the cost of patrol,maintena
What value can management derive from a Balance Scorecard? How does the management accountant contribute?
Capital Project comparing hybrid vs non-hybrid cars.
Define Zero bases budgeting According to CIMA According to CIMA, ZBB is a method of budgeting whereby all activities are re evaluated each time a budget is set. Discrete l
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