Idris Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the...
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Idris Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: DATA Activity Casting Assembly Inspecting Setup Materials handling Budgeted Activity Cost Activity Base $319,440 Machine hours Direct labor hours Number of Inspections 154,560 28,930 45,900 45,590 Number of setups Number of loads Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow: DATA Activity Base Machine hours Direct labor hours Number of inspections Number of setups Number of loads Units produced REQUIRED: Entry 5,130 Dining Total 4,550 9,680 4,420 6,620 11,040 2,000 630 2,630 280 60 340 770 200 970 10,200 5,100 15,300 Determine the activity rate for each activity. Using formulas and cell references from the problem data, perform the required analysis. Formulas entered in the green cells show in the orange cells. Transfer amounts to CNOWv2 for grading. Activity Casting Assembly Inspecting Setup Materials handling REQUIRED: Activity Rate per machine hour per direct labor hour per inspection per setup. per load Use the activity rates in (a) to determine the total and per-unit activity costs associated with each product. Total Activity Cost Activity Cost Per Unit Entry Lighting Fixtures Dining Room Lighting Fixtures Formulas Formulas Idris Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: DATA Activity Casting Assembly Inspecting Setup Materials handling Budgeted Activity Cost Activity Base $319,440 Machine hours Direct labor hours Number of Inspections 154,560 28,930 45,900 45,590 Number of setups Number of loads Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow: DATA Activity Base Machine hours Direct labor hours Number of inspections Number of setups Number of loads Units produced REQUIRED: Entry 5,130 Dining Total 4,550 9,680 4,420 6,620 11,040 2,000 630 2,630 280 60 340 770 200 970 10,200 5,100 15,300 Determine the activity rate for each activity. Using formulas and cell references from the problem data, perform the required analysis. Formulas entered in the green cells show in the orange cells. Transfer amounts to CNOWv2 for grading. Activity Casting Assembly Inspecting Setup Materials handling REQUIRED: Activity Rate per machine hour per direct labor hour per inspection per setup. per load Use the activity rates in (a) to determine the total and per-unit activity costs associated with each product. Total Activity Cost Activity Cost Per Unit Entry Lighting Fixtures Dining Room Lighting Fixtures Formulas Formulas
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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