A Corp produces main products X and Y. Units produced are 4,000 and 1,000 units, respectively....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A Corp produces main products X and Y. Units produced are 4,000 and 1,000 units, respectively. Both products are processed further by incurring FC or Separable cost of 50 each. Joint Cost is 200 and allocated based on the Qty produced (Physical measurement). What is the total cost of product X? X Corp uses ABC system. Overhead rates under ABC are: 10 per machine hour; 10 per direct labor hour and 10 per set up. Product X has the following data: 1,000 units produced; 15 direct labor hours, 12 machine hours; Direct labor rate of 8 per hour and 3 set ups. DM used is 100. What is the conversion cost under ABC? A Corp produces main products X and Y. Units produced are 4,000 and 1,000 units, respectively. Both products are processed further by incurring FC or Separable cost of 50 each. Joint Cost is 200 and allocated based on the Qty produced (Physical measurement). What is the total cost of product X? X Corp uses ABC system. Overhead rates under ABC are: 10 per machine hour; 10 per direct labor hour and 10 per set up. Product X has the following data: 1,000 units produced; 15 direct labor hours, 12 machine hours; Direct labor rate of 8 per hour and 3 set ups. DM used is 100. What is the conversion cost under ABC?
Expert Answer:
Answer rating: 100% (QA)
SOLUTION The total cost of product X can be calculated as fo... View the full answer
Related Book For
Management and Cost Accounting
ISBN: 978-1405888202
4th edition
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, George Foster
Posted Date:
Students also viewed these accounting questions
-
LifeCam Medical produces various titanium orthopedic bone plates for trauma injuries. It has three different product lines (TS1, IFO, and Xpan) and uses activity-based costing to compute the cost of...
-
Activity Based Costing Rubrics, Inc. The Chief Financial Officer (CFO) at Rubrics Inc., a small size regional hardware manufacturing firm, has become aware of the ongoing imbalance between the...
-
Molly Company manufactures both standard and customized electrical control boards for automated manufacturing machinery. The company recently completed installation of a robotic assembly unit. This...
-
Capital budgeting for a foreign project is considerably more complex than the domestic case. What are the factors that add complexity?
-
Effects of transactions on statement of cash flows. Exhibit 5.16 in Chapter 5 provides a simplified statement of cash flows. For each of the transactions that follow, indicate the number(s) of the...
-
Career expert Andrea Kay stresses that knowing oneself and showing empathy are important components of the soft skills that make people employable: Many, many jobs are lost and careers derailed...
-
Refer to the information from QS 21-18. Compute the variable overhead spending variance and the variable overhead efficiency variance and classify each as favorable or unfavorable. Data From QS 21-18...
-
1. Relative to the United States distribution network, calculate the cost associated with running the existing system. Assume that 40% of the volume arrives in Seattle and 60% in Los Angeles and the...
-
A broadcasting antenna emits a power of 40 W. The gain of the antenna is 300L. The receiving antenna is at a distance of 50 km from the transmitting antenna, and its effective surface area is 10-2 m....
-
Given this, answer the following questions: 1. Draw a diagram of the process using the format in Exhibit 7.3. 2. Consider a base case where a customer arrives every 40 seconds and the Customer...
-
Read the attached article entitled Comparing Success at Kmart and Wal-mart. a. What is the key to Wal-Marts success to date? Highlight the strategic role of operations in this success story. b. In...
-
In relation to employment law, explain each of the following: a) The grounds upon which dismissal may be fair b) The test adopted by the courts when considering the grant of a mandatory interlocutory...
-
Suppose that a fast food restaurant, Jack McKing's opens a restaurant just off of an interstate highway exit where there are no other restaurants within 70 miles. Which market model best describes...
-
Consider the following rent roll for a 60-unit apartment building. If the average vacancy on similar properties is 6.5%, estimate the property's Effective Gross Rent. Avg. Rent/SF Unit Type # of...
-
The demand for a seasonal retail product is estimated to be uniformly distributed between 100 and 300 units. The procurement cost is $10 per unit and the sales revenue is $50 per unit. Units unsold...
-
(a) Describe the major steps for a CPU to execute a procedure call. Specify when BL and BR instructions will be executed, respectively. < (b) Explain how inline function can improve the software...
-
20 Cash flow statement [17 marks] The balance sheets for Angel Music Co. at December 31, 2021 and December 31, 2020 follow: Cash Accounts receivable Land Equipment Accumulated depreciation Total...
-
The Ranch 888 Noodle Company sells two types of dried noodles:ramen, at $6.50 per box, and chow fun, at $7.70 per box. So farthis year, the company has sold a total of 110,096 boxes ofnoodles,...
-
Germinal et Associés provides tax advice to multinational firms. Germinal charges clients for (a) direct professional time (at an hourly rate) and (b) support services (at 30% of the direct...
-
Les Saturniens SA makes digital watches. Les Saturniens is preparing a product life-cycle budget for a new watch, MX3. Development on the new watch with features such as a calculator and a daily...
-
P Ltd has two divisions, Q and R, that operate as profit centres. Division Q has recently been set up to provide a component (Comp1) which division R uses to produce its product (ProdX). Prior to...
-
Example In January 2004, a Mars Exploration Rover touched down on the surface of Mars and rolled out for exploration ( Figure
-
A battery-operated wall clock no longer keeps timeneither hand moves. Develop a hypothesis explaining why it fails to work, and then make a prediction that permits you to test your hypothesis....
-
Does the snowflake have rotational symmetry in Figure 1.6? If yes, describe the ways in which the flake can be rotated without changing its appearance. Does it have reflection symmetry? If yes,...
Study smarter with the SolutionInn App