Any work required in an Appendix must be done in the blue boxes. Please read the...
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Any work required in an Appendix must be done in the blue boxes. Please read the narrative carefully to see what Elliot is requesting. 5 Appendix I Production in units: 8 Terrific Tank 9 Run Like the Wind Pullover 10 Live in Leggings 210 180 621 11 Monthly Production 1,011 2. Mixed Costs 3. Variable cost 13 Costs: Fabric - Terrific Tank (note 1) /month 1. Classification Fixed Portion Variable Portion 14 per unit Product vs. Period 24 2,176 Fabric - Run Like the Wind Pullover 15 $ 3,688 16 Fabric - Live in Leggings 24 17 Tailor's hourly wages - Terrific Tank (note 2) 9,725 24 3,247 Tailor's hourly wages - Run Like the Wind 18 Pullover Tailor's hourly wages - Live in Leggings Tailor supervisor's salary (note 3) Inventory and fulfillment manager's salary 21 (note 4) 22 Shipping salary (note 5) 23 Receiving clerk salary (note 6) Rent on factory space (note 7) $4 1,820 19 24 4,713 20 24 2,063 2$ 1,997 1,446 24 1,826 24 24 7,804 Rent on office space (note 7) 25 2,667 26 Insurance factory (note 8) 24 1.975 27 Insurance - office space (note 8) 147 28 Utility costs (note 9) Office supplies 30 Maintenance on building (note 10) 24 2,335 29 1,100 3,600 31 Depreciation on office equipment (note 11) 32 Depreciation on factory equipment (note 11) Rent on factory equipment (note 12) 2$ 1,800 2$ 2,400 33 24 3,469 34 Advertising -Yoga Campaign (note 13) 35 Advertising-Run Club Campaign (Note 14) 36 Shipping expense (Note 15) 37 Bookkeepers' salary (Note 16) 1.446 24 1.486 $4 1,121 1,658 38 President's salary (Note 17) 4,764 39 40 Notes 41 Note 1: All fabric is outsourced from our supplier in Taiwan. Appendix I Appendix II Appendix III Appendix IV Appendix V 40 Notes 41 Note 1: AlIl fabric is outsourced from our supplier in Taiwan. 42 Note 2: There are three tailors who each work on a selected product. They come in as needed and are paid hourly. 43 Note 3: The supervisor performs quality control 44 Note 4: The inventory and fulfillment manager manages the fabric that comes from Taiwan and checks all outgoing shipments. 45 Note 5: The shipping clerk is paid on a monthly basis and fullfills all of the outgoing orders. Note 6: The receiving clerk goes through all shipments of raw materials received from the supplier in Taiwan and sorts these shipments by the product they pertain to They are paid $1000/month, plus an additional amount based on the number of shipments received. This cost is allocated to the number of products produced per month. 46 47 Note 7: The building is 2,000 sq. feet. 500 sq. feet is dedicated to the "head office" space 48 Note 8: This is insurance on the building, the building is 2,000 sq. feet. 500 sq. feet is dedicated to the "head office" space 49 Note 9: Utility costs are $1,500/month fixed and the remainder varies based on the number of items produced This is allocated based on number of units 50 Note 10: Maintenance costs are $1,200/month fixed and the remainder varies based on the number of items produced. This is allocated based on numbe 51 Note 11: Depreciation is calculated using the straight-line method 52 Note 12: Rent is paid monthly for the 53 Note 13: The Yoga Campaign advertises the Terrific Tank and Live in Leggings 54 Note 14: The Run Club Campaign advertises the Run Like the Wind Pullover 55 Note 15: Shipping varies based on the number of orders received per month. This is allocated based on the number of units produced. 56 Note 16: The bookkeeper, Kendra, goes through the books and prepares financial statements on a monthly basis. 57 Note 17: Elliot's monthly salary sewing machines 58 59 Hint! Elliot wants you to summarize the cost classifications in your presentation. 60 Prepare a pivot table, bar chart or pie chart! 61 62 63 64 Any work required in an Appendix must be done in the blue boxes. Please read the narrative carefully to see what Elliot is requesting. 5 Appendix I Production in units: 8 Terrific Tank 9 Run Like the Wind Pullover 10 Live in Leggings 210 180 621 11 Monthly Production 1,011 2. Mixed Costs 3. Variable cost 13 Costs: Fabric - Terrific Tank (note 1) /month 1. Classification Fixed Portion Variable Portion 14 per unit Product vs. Period 24 2,176 Fabric - Run Like the Wind Pullover 15 $ 3,688 16 Fabric - Live in Leggings 24 17 Tailor's hourly wages - Terrific Tank (note 2) 9,725 24 3,247 Tailor's hourly wages - Run Like the Wind 18 Pullover Tailor's hourly wages - Live in Leggings Tailor supervisor's salary (note 3) Inventory and fulfillment manager's salary 21 (note 4) 22 Shipping salary (note 5) 23 Receiving clerk salary (note 6) Rent on factory space (note 7) $4 1,820 19 24 4,713 20 24 2,063 2$ 1,997 1,446 24 1,826 24 24 7,804 Rent on office space (note 7) 25 2,667 26 Insurance factory (note 8) 24 1.975 27 Insurance - office space (note 8) 147 28 Utility costs (note 9) Office supplies 30 Maintenance on building (note 10) 24 2,335 29 1,100 3,600 31 Depreciation on office equipment (note 11) 32 Depreciation on factory equipment (note 11) Rent on factory equipment (note 12) 2$ 1,800 2$ 2,400 33 24 3,469 34 Advertising -Yoga Campaign (note 13) 35 Advertising-Run Club Campaign (Note 14) 36 Shipping expense (Note 15) 37 Bookkeepers' salary (Note 16) 1.446 24 1.486 $4 1,121 1,658 38 President's salary (Note 17) 4,764 39 40 Notes 41 Note 1: All fabric is outsourced from our supplier in Taiwan. Appendix I Appendix II Appendix III Appendix IV Appendix V 40 Notes 41 Note 1: AlIl fabric is outsourced from our supplier in Taiwan. 42 Note 2: There are three tailors who each work on a selected product. They come in as needed and are paid hourly. 43 Note 3: The supervisor performs quality control 44 Note 4: The inventory and fulfillment manager manages the fabric that comes from Taiwan and checks all outgoing shipments. 45 Note 5: The shipping clerk is paid on a monthly basis and fullfills all of the outgoing orders. Note 6: The receiving clerk goes through all shipments of raw materials received from the supplier in Taiwan and sorts these shipments by the product they pertain to They are paid $1000/month, plus an additional amount based on the number of shipments received. This cost is allocated to the number of products produced per month. 46 47 Note 7: The building is 2,000 sq. feet. 500 sq. feet is dedicated to the "head office" space 48 Note 8: This is insurance on the building, the building is 2,000 sq. feet. 500 sq. feet is dedicated to the "head office" space 49 Note 9: Utility costs are $1,500/month fixed and the remainder varies based on the number of items produced This is allocated based on number of units 50 Note 10: Maintenance costs are $1,200/month fixed and the remainder varies based on the number of items produced. This is allocated based on numbe 51 Note 11: Depreciation is calculated using the straight-line method 52 Note 12: Rent is paid monthly for the 53 Note 13: The Yoga Campaign advertises the Terrific Tank and Live in Leggings 54 Note 14: The Run Club Campaign advertises the Run Like the Wind Pullover 55 Note 15: Shipping varies based on the number of orders received per month. This is allocated based on the number of units produced. 56 Note 16: The bookkeeper, Kendra, goes through the books and prepares financial statements on a monthly basis. 57 Note 17: Elliot's monthly salary sewing machines 58 59 Hint! Elliot wants you to summarize the cost classifications in your presentation. 60 Prepare a pivot table, bar chart or pie chart! 61 62 63 64
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Question A Any work required in an Appendix must be done in the blue boxes Please read the narrative ... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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