Magenta Company has identified seven activities as part of its manufacturing process and chosen corresponding activity...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Magenta Company has identified seven activities as part of its manufacturing process and chosen corresponding activity drivers for each activity. The chart below lists the total cost of each activity, the proportion of activity driver used for each of Magenta's two products, and the activity cost assigned to each product. Fill in the blanks below: (Round your answers to the nearest whole number.) Driver Usage Activity Cost:Prod. 1 Activity Cost:Prod. 2 Activity Cost Activity Driver Prod. 1 Prod. 2 $ 40,300 Design time $ 18,300 Labor hours $ 91,600 Machine hours Batches Design 43 % % % 57 % Preparation Machining Finishing Inspection Packaging Shipping 65 % 11,895 $ 43,968 51 % % % 10 % % 13,260 Units 3,627 S 5,673 Orders % 15,390 $ 10.600 Packages 80 % 2.120 %24 %24 %24 %24 %24 Magenta Company has identified seven activities as part of its manufacturing process and chosen corresponding activity drivers for each activity. The chart below lists the total cost of each activity, the proportion of activity driver used for each of Magenta's two products, and the activity cost assigned to each product. Fill in the blanks below: (Round your answers to the nearest whole number.) Driver Usage Activity Cost:Prod. 1 Activity Cost:Prod. 2 Activity Cost Activity Driver Prod. 1 Prod. 2 $ 40,300 Design time $ 18,300 Labor hours $ 91,600 Machine hours Batches Design 43 % % % 57 % Preparation Machining Finishing Inspection Packaging Shipping 65 % 11,895 $ 43,968 51 % % % 10 % % 13,260 Units 3,627 S 5,673 Orders % 15,390 $ 10.600 Packages 80 % 2.120 %24 %24 %24 %24 %24
Expert Answer:
Answer rating: 100% (QA)
Activity Cost Activity driver Prod 1 Prod 2 Activity cost Prod 1 Activity co... View the full answer
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
Posted Date:
Students also viewed these general management questions
-
The chart below lists financial statement items that may be affected by the use of either the FIFO or LIFO inventory costing methods. Required: Assuming that prices are rising, complete the chart by...
-
As part of its comprehensive planning and control system, Mopar Company uses a master budget and subsequent variance analysis. You are given the following information that pertains to the companys...
-
As part of its business, Kinkos Graphics Corporation (Kinkos) copied excerpts from books, compiled them in packets, and sold the packets to college students. Kinkos did this without permission from...
-
The Secretary of Defense shall establish which program to maintain liaison with industry advisory groups to coordinate the development of the supply catalog?
-
How does the attorney work-product doctrine affect paralegals?
-
Based on the questionnaire in this chapter and your own insights, create a business card for yourself that lists your five signature strengths.
-
ACT Composite Scores Use the normal distribution in Exercise 14. (a) What percent of the ACT composite scores are less than 16? (b) Out of 1000 randomly selected ACT composite scores, about how many...
-
Greengage, Inc., a successful nursery, is considering several expansion projects. All of the alternatives promise to produce an acceptable return. The owners are extremely risk-averse; therefore,...
-
What are the environmental and safety considerations associated with the use of toxic or hazardous solvents in extraction processes, and how have green extraction techniques been developed to address...
-
Calculate gross pay for each of the following employees of Launchpad Co. The company offers a regular wage rate of $8.20/hour to all employees. Under an incentive plan in place for all employees,...
-
Marigold Corp. began the year by issuing $83000 of common stock for cash. The company recorded revenues of $785000, expenses of $638000, and paid dividends of $42000. What was Marigold net income for...
-
Give a school-based example of two of the following: positive reinforcement, negative reinforcement, punishment, or extinction. Discuss at least two benefits of conducting an FBA to address problem...
-
1. Why is trust important as a digital marketing strategist? 2. What is the difference between brand expression and brand experience? 3. What digital marketers need to masters? 4. Why is it important...
-
Analyze which argument is stronger than the other and explain why. Justify your position, not with opinion, but with your analysis of the quality of the evidence and reasoning. The Argument against...
-
What type of evidence must be authenticated? How is authentication and relevance related?
-
1. Why does Peter Alfandary state that globalization is a myth? 2. How does Peter Alfandary support his view that Village Life still rules? 3. Peter Alfandary provides two primary reasons for the...
-
What would you need to keep in mind when looking for a good "fit" for your client? They all have different needs and expectations, and you want to make a recommendation for a cruise that they will be...
-
Sandcastles, Inc.s management has recently been looking at a proposal to purchase a new brick molding machine. With the new machine, the company would not have to buy bricks. The estimated useful...
-
On December 31, 2011, University Theatres issued $500,000 face value of bonds. The stated rate is 8 percent, and interest is paid semiannually on June 30 and December 31. The bonds mature in 15...
-
Multiple Choice Questions 1. The provision of accounting information for internal users is known as a. Accounting. b. Financial accounting. c. Managerial accounting. d. Information provision. e....
-
Yarnell Electronics sells computer systems to small businesses. Yarnell engaged in the following activities involving notes receivable: a. On November 1, 2011, Yarnell sold a $5,000 system to Ross...
-
Apple stock is selling for \($120\) per share. Call options with a \($117\) exercise price are priced at \($12.\) What is the intrinsic value of the option, and what is the time value?
-
Ibrahim bought 200 shares of a stock trading in the Abu Dhabi Securities Exchange at AED 12 (United Arab Emirates dirham) per share. Over time, the price of the stock increased to AED 18 per share....
-
Twitter is trading at \($34.50.\) Call options with a strike price of \($35\) are priced at \($2.30\) . What is the intrinsic value of the option, and what is the time value?
Study smarter with the SolutionInn App