Magenta Company has identified seven activities as part of its manufacturing process and chosen corresponding activity...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Magenta Company has identified seven activities as part of its manufacturing process and chosen corresponding activity drivers for each activity. The chart below lists the total cost of each activity, the proportion of activity driver used for each of Magenta's two products, and the activity cost assigned to each product. Fill in the blanks below: (Round your answers to the nearest whole number.) Driver Usage Activity Cost:Prod. 1 Activity Cost:Prod. 2 Activity Cost Activity Driver Prod. 1 Prod. 2 $ 40,300 Design time $ 18,300 Labor hours $ 91,600 Machine hours Batches Design 43 % % % 57 % Preparation Machining Finishing Inspection Packaging Shipping 65 % 11,895 $ 43,968 51 % % % 10 % % 13,260 Units 3,627 S 5,673 Orders % 15,390 $ 10.600 Packages 80 % 2.120 %24 %24 %24 %24 %24 Magenta Company has identified seven activities as part of its manufacturing process and chosen corresponding activity drivers for each activity. The chart below lists the total cost of each activity, the proportion of activity driver used for each of Magenta's two products, and the activity cost assigned to each product. Fill in the blanks below: (Round your answers to the nearest whole number.) Driver Usage Activity Cost:Prod. 1 Activity Cost:Prod. 2 Activity Cost Activity Driver Prod. 1 Prod. 2 $ 40,300 Design time $ 18,300 Labor hours $ 91,600 Machine hours Batches Design 43 % % % 57 % Preparation Machining Finishing Inspection Packaging Shipping 65 % 11,895 $ 43,968 51 % % % 10 % % 13,260 Units 3,627 S 5,673 Orders % 15,390 $ 10.600 Packages 80 % 2.120 %24 %24 %24 %24 %24
Expert Answer:
Answer rating: 100% (QA)
Activity Cost Activity driver Prod 1 Prod 2 Activity cost Prod 1 Activity co... View the full answer
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
Posted Date:
Students also viewed these general management questions
-
The chart below lists financial statement items that may be affected by the use of either the FIFO or LIFO inventory costing methods. Required: Assuming that prices are rising, complete the chart by...
-
As part of its comprehensive planning and control system, Mopar Company uses a master budget and subsequent variance analysis. You are given the following information that pertains to the companys...
-
As part of its business, Kinkos Graphics Corporation (Kinkos) copied excerpts from books, compiled them in packets, and sold the packets to college students. Kinkos did this without permission from...
-
The Secretary of Defense shall establish which program to maintain liaison with industry advisory groups to coordinate the development of the supply catalog?
-
Refer to the previous question. Suppose that Electrotechs management decides that they need to make at least 20 generators and at least 20 alternators. a. Reformulate your LP model to account for...
-
Financial statement data for the years ended December 31 for Blum Company are shown below. a. Determine the accounts receivable turnover for 2015 and 2014. Round to one decimal place. b. Determine...
-
JetGreen Airways instituted a frequent flyer program in which passengers accumulate points toward a free flight based on the number of miles they fly on the airline. One point was awarded for each...
-
Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows:...
-
5.3: Problem 11 Previous Problem Problem List Next Problem (1 point) Find the present value of $1126 due after 4 years if the interest rate is 2% compounded weekly. P =$ Preview My Answers Submit...
-
George and Harry Haygood are building contractors who specialize in the construction of private home dwellings, storage warehouses, and small businesses (less than 20,000 sq. ft. of floor space)....
-
e 1 t EXAMPLE 14.1 Short-Term Notes Payable and Accrued Interest PROBLEM: Auso Company recently experienced a temporary delay in cash collections and needed to borrow $100,000 on November 1 of the...
-
Jenny has an IRA AT $100,000 of which $50,000 consists of after tax contributions. here the ratio of non-qualified contributions to the total IRA Value is 50%. If Jenny takes out $20.000 from her...
-
You are planning for an early retirement, so you decide to invest $5,000 per year, starting at age 23. You plan to retire when you accumulate $1,000,000. If the average rate of return on your...
-
On January 1, Sunland Corporation had 100,000 shares of no-par common stock issued. 8,800 shares are held as treasury stock. The stock has a stated value of $5 per share. During the year, the...
-
If u = (-5, 3) and v = (-15, -25) with an angle e between the vectors, are u and v parallel or orthogonal? Explain. (2 points)
-
What is the legal definition of insurance fraud, and how does it apply to the case of the Hawthorne man who was sentenced to 212 years in prison for intentionally killing his children to collect...
-
High-performance work systems frequently begin with Group of answer choices selecting employees. writing a mission statement. employee training. the way work is designed
-
Use the T account for Cash below to record the portion of each of the following transactions, if any that affect cash. How do these transactions affect the companys liquidity? Jan. 2 Provided...
-
On December 31, 2011, University Theatres issued $500,000 face value of bonds. The stated rate is 8 percent, and interest is paid semiannually on June 30 and December 31. The bonds mature in 15...
-
Multiple Choice Questions 1. The provision of accounting information for internal users is known as a. Accounting. b. Financial accounting. c. Managerial accounting. d. Information provision. e....
-
Yarnell Electronics sells computer systems to small businesses. Yarnell engaged in the following activities involving notes receivable: a. On November 1, 2011, Yarnell sold a $5,000 system to Ross...
-
Revise cash collections budget (Learning Objective 4) Turn to the original Whitewater Sporting Goods Data Set item 4. Suppose \(70 \%\) of sales are cash and \(30 \%\) are credit. Revise Whitewater's...
-
Revise inventory, purchases, and cost of goods sold budget (Learning Objective 4) Refer to the original Whitewater Sporting Goods Data Set item 5. Suppose cost of goods sold averages \(75 \%\) of...
-
Revise cash payments for purchases (Learning Objective 4) Refer to the original Whitewater Sporting Goods Data Set item 5. Suppose Whitewater Sporting Goods pays for \(60 \%\) of inventory purchases...
Study smarter with the SolutionInn App