Huskies Company manufactures decorative wall clocks and uses activity-based costing. Each clock consists of 30 separate...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Huskies Company manufactures decorative wall clocks and uses activity-based costing. Each clock consists of 30 separate parts totaling $60 in direct materials, $20 in direct labor cost, and requires 4 hours of machine time to produce. Additional information is as follows: Activity Materials Handling Machining Assembling Allocation Base Number of parts Machine hours Number of parts Number of finished clocks Packaging What is the cost of assembling activity per clock? (Do not round intermediate calculations. Round the final answer to the nearest whole number.) Cost Allocation Rate $0.80 $11 $5.9 $2.70 Huskies Company manufactures decorative wall clocks and uses activity-based costing. Each clock consists of 30 separate parts totaling $60 in direct materials, $20 in direct labor cost, and requires 4 hours of machine time to produce. Additional information is as follows: Activity Materials Handling Machining Assembling Allocation Base Number of parts Machine hours Number of parts Number of finished clocks Packaging What is the cost of assembling activity per clock? (Do not round intermediate calculations. Round the final answer to the nearest whole number.) Cost Allocation Rate $0.80 $11 $5.9 $2.70
Expert Answer:
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
Students also viewed these accounting questions
-
Beaver Company manufactures coffee tables and uses an activity - based costing system. Each coffee table consists of 30 separate parts totaling $250 in direct materials, and requires 5 hours of...
-
The treasurer of Kelly Bottling Company (a corporation) currently has $200,000 invested in preferred stock yielding 10 percent. He appreciates the tax advantages of preferred stock and is considering...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
You have extracted a trial balance and drawn up accounts for the year ended 31 December 20X7. There was a shortage of 78 on the credit side of the trial balance, a suspense account being opened for...
-
The current price of the stock of Mont Tremblant Air is C$100. During each six-month period it will either rise by 11.1 percent or fall by 10 percent (equivalent to an annual standard deviation of...
-
a. Consider the supersonic flow described in Example 4.10, where \(M_{1}=2.8, p_{1}=1 \mathrm{~atm}\), and \(M_{3}=1.45\). This flow is shown in Fig. 4.20a. Calculate the total pressure in region 3...
-
What is a writ of execution?
-
GreenBeam Ltd. claims that its compact fluorescent bulbs average no more than 3.50 mg of mercury. A sample of 25 bulbs shows a mean of 3.59 mg of mercury. (a) Write the hypotheses for a right-tailed...
-
Explain the business market purchase decision process by taking a fictional company through the six stages of the process
-
You first need to download the spreadsheet with stock price and return data from the Assignments tab in Canvas and access the spreadsheet tab titled "Stock Price Data". This tab contains monthly...
-
Consider the following MA(1) process with &~WN(0,0) such that Yt &t + 3.5t-1 i) ii) iii) Is the process covariance stationary? Can we convert this process into AR (o) process? Why or why not?...
-
1 Describes the relationship between nominal returns, real returns and inflation 2 The annual coupon payment dividend divided by the current bond price 3 When a company buys back its own shares in an...
-
Using Table 11-1, compute the amount of compound interest (in $) earned in 1 year and the annual percentage yield (APY) for the investment. Compound Interest Earned in 1 Year Annual Percentage Yield...
-
Currently, Teewinot sells 1,500,000 per year, but they expect demand to increase by 10% each year for the next 4 years then drop down to 3% growth in volume for the remaining life of the machine....
-
In a certain chemical processing plant, a liquid chemical element is used in a manufacturing process. Said chemical element is stored in three different tanks. A level sensor in each tank generates a...
-
Selected comparative financial statements of Korbin Company follow. Sales KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 $ 460,845 $ 353,045 Cost of goods sold...
-
A risky portfolio P is composed of two stocks, A and B. Expected return 18% 7% Asset A B correlation coefficient = 0.1. What are the weights of stock A in the minimum variance portfolio Sigma 35% 15%
-
Repeat the previous problem, but close the positions on September 20. Use the spreadsheet to find the profits for the possible stock prices on September 20. Generate a graph and use it to identify...
-
Who is generally responsible for the materials price variance? The materials quantity variance? The labor efficiency variance?
-
Granger Products recorded the following transactions for the just completed month. The company had no beginning inventories. a. $75,000 in raw materials were purchased for cash. b. $73,000 in raw...
-
Naylor Company is considering the introduction of a new product. Management has gathered the following information: Number of units to be produced and sold each year . . . . . . . . . 12,500 Unit...
-
Meagan Casey, the sole proprietor and owner of Sierra Marina, would now like you to help her prepare some basic financial reports related to the companys accounts receivable and payable....
-
Creating More Supporting Reports for Larrys Landscaping & Garden Supply Scott wants you to help him provide more supporting reports. Create the reports he has requested, and write down the answers to...
-
Ocean View Flowers is in the wholesale distribution and sales industry and is located at 100 Ocean Ave. in Lompoc, CA 93436. Ocean View started business as a corporation on January 1, 2016, and owner...
Study smarter with the SolutionInn App