VG Company has identified the following cost pools and cost drivers: The following information pertains to the
Question:
The following information pertains to the production of V203 and G 179:
Determine the unit cost for each of the two products using activity-based costing.
Transcribed Image Text:
Coat pools Activity costs Cost drivers Machine setup Material handling Electric power S 360,000 100,000 40.000 6,000 setup hours 50,000 pounds of material 80,000 kilowatt-hours Item Number of units produced Direct materials cost Direct labor cost Number of setup hours Pounds of material used Kilowatt-hours V203 5,000 S25,000 $14,000 120 5,000 2.000 G179 15,000 $33,000 $16,000 150 10,000 3.000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Calculation of unit cost for each of the two products using activity based costing C...View the full answer
Answered By
Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
I am highly proficient in school level math and science and reasonably good for college level. In addition to this I am especially interested in courses related to finance and economics. In quest to learn I recently gave the CFA level 1 in Dec 19, hopefully I'll clear it. Finger's crossed :)
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Question Posted:
Students also viewed these Managerial Accounting questions
-
The investment committee of a company has identified the following seven projects with positive NPVs. If the board of directors has approved a $3 million capital budget for the current period, which...
-
The investment committee of a company has identified the following seven projects with positive NPVs. If the board of directors has approved a $4.5 million capital budget for the current period,...
-
The following information pertains to the production of 120,000 units of a product. Sales price per unit ...... $45 Direct materials cost .... $2,400,000 Direct labor cost ..... 720,000 Factory...
-
Write code in MATLAB (Radionuclide) (half-life) U-238 4.468 x 10 years U-235 703.8 x 10 years Mo-99 67 hours Tc-99m 6.04 hours Given the formula, where is the decay constant used in , calculate the...
-
When a single disk fails, the RAID 4 system will perform reconstruction. What is the expected time until a reconstruction is needed?
-
A company reports the following: Net sales .......... $450,000 Average accounts receivable (net) . 37,500 Determine (a) The accounts receivable turnover and (b) The number of days sales in...
-
Show how the Mohr's circles in Figure 2.17 can be used to interpret the transformed lamina stiffness \(\bar{Q}_{12}\). FIGURE 2.17 40 'n Q11 In- n> Q11 20 -U-
-
You have just started work for Andre Love Co. as part of the controllers group involved in current financial reporting problems. Jackie Franklin, controller for Love, is interested in your accounting...
-
What are the challenges and strategies for implementing TPM in highly regulated industries, such as pharmaceuticals or aerospace? How can TPM contribute to compliance and quality assurance in these...
-
OBJECTIVE CMA Problem 8.38 Production, Direct Labor, Direct Materials, Sales Budgets, Budgeted Contribution Margin Craven, controller, is responsible for preparing Greiner's master budget and has...
-
Tanner Appliance Company manufactures 12,000 units of part M4 annually. The part is used in the production of one of its principal products. The following unit cost information is available on part...
-
Creathon Companys plant in Columbuss Ohio, manufactures two products: BR12 and BR15. Product BR15 has a more complex design and requires more setup time than BR12. Setups for BR12 require 2 hours on...
-
On April 27, 2017, Auk Corporation acquires 100% of the outstanding stock of Amazon Corporation (E & P of $750,000) for $1.2 million. Amazon Corporation has assets with a fair market value of $1.4...
-
1. Suppose that there is a risky asset with liquidation value v which is a realization of ~N(0,0%). Investors receive private signals about this liquidation value. In reality, investors receive...
-
What is the display output for a , , b ? ? module display _ _ eg ( ) ( ) ;reg 1 2 1 2 : 0 1 0 1 a , , b;reg ( 2 ( 2 : 0 1 0 1 c;initial beginSmonitor ( * 1 ( * 1 st a 4 0 - 4 0 d , , b = % 0 = % 0 d...
-
Explore the concept of liminality as it pertains to the transitional spaces and psychological states depicted in the poetry of T.S. Eliot.
-
Illustration on Basis Period Peter owns a sole proprietorship business which has a 30-June year-end with the following income: (9) Adjusted trade profit for the year-ended 30 June 2022 BP 14. (Taxabl...
-
3. Starting from a long-run equilibrium in a competitive market, if there is a persistent decrease in demand, there will be an adjustment toward a new long-run equilibrium that will involve a. more...
-
The liquid-phase reaction in Problems P11-4A and P12-7A is to be carried out in a semibatch reactor. There are 500 mol of A initially in the reactor at 25C. Species B is fed to the reactor at 50C and...
-
When a company has a contract involving multiple performance obligations, how must the company recognize revenue?
-
What is data mining? Is there anything wrong with measuring the performance of an Irish growth fund portfolio manager against a benchmark composed of Greek equities?
-
Harrison Clothiers stock currently sells for $20 a share. The stock just paid a dividend of $1.00 a share (i.e., D0 = $1.00). The dividend is expected to grow at a constant rate of 10 percent a year....
-
Fee Founders has preferred stock outstanding which pays a dividend of $5 at the end of each year. The preferred stock sells for $60 a share. What is the preferred stocks required rate of return?
-
A company currently pays a dividend of $2 per share, D0 = 2. It is estimated that the companys dividend will grow at a rate of 20 percent per year for the next 2 years, then the dividend will grow at...
-
Assume that Pope Enterprises held a $10,000, 10 percent, six-month note signed by Mary Drew. On December, 1, 2015, the maturity date, Drew dishonored the note. At this point, Drew owes a total of...
-
5. Consider the shape shown on the following graph and the brute force method of solving the convex hull problem 2 -2 -1 0 a. Label all the points that will be provided to the algorithm as input. You...
-
Respond to this students posting. In your response, you may want to comment on the ethical issues that arise in different career fields or give suggestions for dealing with the ethical questions that...
Study smarter with the SolutionInn App