3 Second Repubic Bank is a lending compary that operates in the Southeastom United States Current economic conditions hawe kept. lending rates low, which limits the reveciue potental for Second fopublic. The bark managet, Vivian Caldwell is concerned about understanding and then controlling costs, and stie decided to try cut time-driven ABC. As a plot, she decided to focus on understanding the cost of taking a custamer's loan application. Vivian knew that is took longer fo collect applicant information for a mortgspe than at did foc other types of loans, like auto loans or unsecured loans, but did not know the cost differences, so she collected the following in'ormation from a regional branch office. There are two loan application specialsts, each earning $99.360 per yeat. Vman determined thas fringe benetas average 15% of salary and that the office support costs for an employee (computec, office space, etc) in that regionsl beanch averaged $9.936 per ernployee. Factoring in time off for vacations, time spent on training and other reouired tasks, each of the application speclalists had 1800 heurs available to collect applicant information. Requlred: 1. Detemine the cost per minute avaliable to collect loan applicant information. 2. Determine the average TDABC cost of collecting apolicant information for each of the three types of loarls. Complete this question by entering your answers in the tabs below. Determine the average TDABC cost of colecting applicant intormation for each of the three types of lasne- (Round your answers to 7 decimal places. Studemeir Paint \& Floors (SPF) is a retail store specializing in home improvernent. The store has experienced net operating losses in its Other Flooring Products line during the last few periods. SPF's management team thinks that the store will improve its profitability if it stops carrying the Other Flooring Products line. The operating results from the most recent period are: SPF estimates that store operating expenses are approximately 24% of revenues. Harish Rana, SPF's controller, states that while every sale has one purchase crder, not every sales doliar requires or uses the same amount of store support activities. He conducts a preliminary investigation and his results and analysis are as follows: Harish estimates activity-cost rates for each activity as follows: Required: 1. Prepare a product-line profitability report for SPF under the current costing system. 2. Prepare a product-line profitability report for SPF using the ABC information the controller provides Complete this question by entering your answers in the tabs below. Prepare a product-line profitability report for SPF under the cument costing system. (Loss amounts shiculd be indicated by a minus sign. Round operating marg in (loss) to 2 decimal places (i.e. 0.2134 should be entered as 21.34% ).) Second fiepublic Bank is a lending company that operates in the Southesstem Unted States, Current economic conditions have kept understarding and then cantrolling costs, and she decided to try out time-driven ABC. As a plot, she decided to focus on understanding the cost of taking a customer's isan application. Wivian knew that it fook longer to colloct applicant information for a mortgage than it did for other types of ioans; the auto loans or unsecurcd loans, but did not know the cost differences, so she colected the following information from a regionil branch otfice. There are two losn application speclalsts, esch earning $99.360 per year vivan detecmined that fringe benefits average 15% of salary and that the office support costs for bn employer (computer, office space, ete) in that regicnal branch avoraged 59.936 per employee. Factoring in time off for vacotions. time spent on training, and otber required tasks, each of the application specialists had looo hours availabie to collect applicans information. Required: 1. Determine the cost per minute avelable to collect loan applicant information. 2. Determine the average TDABC cost of collecting applicant information for each of the theee typos of lobns Complete this question by entering your aeswers in the tabs below. eccuracy or the system in determining product costs. She noticed that since the instalinent of the AaC systeen 10 years eartec the firm had become much more comperitive in all aspects of the business and earred an increating amount of profts every jes: Gemer has determined that the order faling cost 6$3B.52 per unt. The $448.00 selling price per unit includes a markup to cover administrative costs and profts The order-faing cost per unit is determined based on the fimms costs for oedet-taing ocovites. Ondet.fanng capocity can be added in blocks of 60 orders. Each block costs $60000 in add toon the firm incuns $1500 onden fing costs per order. awerage, 5,000 units in two orders. The firm aso sels, 162,000 unis 10.000 SCs. On average each SC buys 162 units in 10 orders. Fd Chesp, a buyer for one PC, complains about the high price he is paying. Cheap claims that he has been offered a price of 5400 per Besides, sho has recently rased the price to SC to $45432 per unat and experienced no decline in order. Mequired: 1 Demonstrate how Gatner arrives at the $3852 onder-filing cost per unit. 2 What would be the amount of loss fprofin per unit if Garner selis to Chedo at $400 per unit? Assume Cheap ploces two orders for 5.000 unts ebch year. 3. What is the amount of loss fprofip por uns at the 545432 sellog price per unt for ints seld to $C7. Base your antwer en an average SC who putchases 162 units in 10 oeders Complete this question by estering your answers in the tabs below. Demonstrate haw Gamer arrives at the $38.$2 erder-tiong cost per una Shroeder Machine Shop has the following activities: Required: 1. Classify each of the activities as a unit-level, batch-level, product-level, or facility-level activity 2. Identify o proper cost diver for each activity. Complete this question by entering your answers in the tabs below. Identify a proper cost driver for each activity. (If an activity can be classified with more than one selection, choose the option tha: contains ALL the oppropriate classifications.) Garner industies manufactures precision tools. The firm uses an acivity boved costing systen. CEO Oeb Gamer is vety proud of the acouracy of the system in decormining product costs. She noticed that since the instaliment of the ABC system 10 years earief, the firm kad become much moco competitive in al aspects of the business and eamed an increasng amolans of profis every year. In the last two years, the firm sold 662,000 units to 2100 customers esch year. The manufacturing cost is $300 per unit. in adosion. Gather has determined that the order-filing cost is $38.52 per unt. The $448.00 selleg price por unt includes a markup bo coyer inimistrative costs and poofits The onder finng cest per unt is determined based on the firm's costs for order-fing activiles, Order-filing cepachy cart be added in blocks of 60 ordert. Eoch bleck costs $60.000 in addion, the firm incurs 51,500 order-filing costs per ordor. Gamer serves two fypes of customers designated as PC (Preferred Customen and SC (Smati Customen. Each of the 100 PCs buyk, on average, 5.000 units in two orders. The firm alse sells 162.000 units 10 1000 5CS. On average each 5C bays 162 units in 10 orders. Ed Cheap. a buyer for one PC, conplains about the high price he is perying. Chesp claims that he has been offered a price of 5400 per unit and teratens to take his business elsevivere. Gamer does not give in because the 5400 price Chesp demands is below cost. Besides. the has recenty raised the price to 5C to 545432 per unit and experienced no decline in orders. Mequired: t. De-tionstrase how Gamer artwes at the $38.52 order-filing cost per unt. 2. What would be the amount of loss iprofn per unt if Gerner sels to Chebp at $400 per unin Assume Cheap praces two orders for 5000 unis each yese 3 What is the amount of loss iprofin per uns at the $454.32 sebng price per unit for units seld to sC? llase your answer on an merage 5C whe perchases 162 ursts in 10 orders. Complete this question br entering veur answers in the tabs below. North Company designs and manufactures machines that facilitate DNA sequencing. Depending on the intended purpose of each machine and its functions, each machine is likely to be unique. The job costing system in its Norfolk plant has five activity cost pools, in oddition to direct materials and direct labor. Job TPY -2306 requires 1,000 printod-circuit boards. The cost per board that passos the final inspection is $240. On average, only 50% of the completed units pass the final inspection. The prime costs per completed board include $25 for direct materials and $6 for direct laboc. Required: information pertaining to manufacturing overhead for printed-circult boards follows: Fill in the missing amount. (Round your answers to 2 decimal places.)