XYZ Company is a food maker company which starts with its first project in Dammam. This...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
XYZ Company is a food maker company which starts with its first project in Dammam. This project is a restaurant where foods are served to customers 10 hours a day from 6 am till 4 PM. In order to put prices for each dish, the owner of the company is looking for an accountant to build a costing system that can generate the cost of each dish. Table1: Menu with Ingredients Meal 1 2345 French fries with cheese Eggs dish salad tea Coffee Item Eggs potato Slices. cheese. Oil Tomato Onion Flour Sugar cucumber. tea Coffee beans water Table 2: Average cost of ingredients i 15 SR 5 SR 5 SR 4 SR 15 SR Ingredients (per dish) 2 1 peace of slices cheese 10 SR 9 SR 18 SR 1 250 g potato 10 SR 2 eggs 1 tomato 1 tea bag 5 g Roasted Coffee beans Cost (total) Packages (# of units) Cost per unit S 15 SR 5 100 SR .01 10 SR 1 30 eggs 10 kilos 10 Slices 1 Tomato 1 Onion 1 cup water. 5 cup of water 30 Liters 25 Tomatoes 20 Opinions 16 cups 40 kilos 30 cucumbers 45 bags 50 g 60 liter 15 2 25 25 375 per g 3 2 -36 3 2 liter of oil 6 (Per cup) 5 peace of onion I Cucumber 10 g sugar 5 g sugar ACCT251 Names: 1- Meals # Direct labor hours. Machine hours Number of dishes served Direct labor cost Rent MOH Electricity Supervisor salary Deprecation TOTAL MOH 1 50 12 240 2000 Term Project ID... 2 20 8 400 8000 MEDIE 3 30 7 200 6000 4 15 2 180 2700 Score/10 5 24 TERM221 10 260 6240 Total 139 H 39 H 1280 24940 3000 4000 5000 1000 13,000 Based on the information presented in the above tables, solve the following requirements: Requirment1: Calculate the Predetermined overhead cost? Note: 1- For Electricity & Depreciation use Allocation base Machine hours 2- For Rent & Supervisor salary use the Direct labor Hours fill the above table of MOH based on the Allocation bae given fill the above table of MOH based on the Allocation bae given Reguirment2; calculate the total cost per unit of each dishes served in this restaurant? (Show your work) (Recommended to use Excel DL (Total) DM MOH Total Cost Cost Per Unit Dish#1 Dish#2 Dish#3 Dish#4 Dish#5 XYZ Company is a food maker company which starts with its first project in Dammam. This project is a restaurant where foods are served to customers 10 hours a day from 6 am till 4 PM. In order to put prices for each dish, the owner of the company is looking for an accountant to build a costing system that can generate the cost of each dish. Table1: Menu with Ingredients Meal 1 2345 French fries with cheese Eggs dish salad tea Coffee Item Eggs potato Slices. cheese. Oil Tomato Onion Flour Sugar cucumber. tea Coffee beans water Table 2: Average cost of ingredients i 15 SR 5 SR 5 SR 4 SR 15 SR Ingredients (per dish) 2 1 peace of slices cheese 10 SR 9 SR 18 SR 1 250 g potato 10 SR 2 eggs 1 tomato 1 tea bag 5 g Roasted Coffee beans Cost (total) Packages (# of units) Cost per unit S 15 SR 5 100 SR .01 10 SR 1 30 eggs 10 kilos 10 Slices 1 Tomato 1 Onion 1 cup water. 5 cup of water 30 Liters 25 Tomatoes 20 Opinions 16 cups 40 kilos 30 cucumbers 45 bags 50 g 60 liter 15 2 25 25 375 per g 3 2 -36 3 2 liter of oil 6 (Per cup) 5 peace of onion I Cucumber 10 g sugar 5 g sugar ACCT251 Names: 1- Meals # Direct labor hours. Machine hours Number of dishes served Direct labor cost Rent MOH Electricity Supervisor salary Deprecation TOTAL MOH 1 50 12 240 2000 Term Project ID... 2 20 8 400 8000 MEDIE 3 30 7 200 6000 4 15 2 180 2700 Score/10 5 24 TERM221 10 260 6240 Total 139 H 39 H 1280 24940 3000 4000 5000 1000 13,000 Based on the information presented in the above tables, solve the following requirements: Requirment1: Calculate the Predetermined overhead cost? Note: 1- For Electricity & Depreciation use Allocation base Machine hours 2- For Rent & Supervisor salary use the Direct labor Hours fill the above table of MOH based on the Allocation bae given fill the above table of MOH based on the Allocation bae given Reguirment2; calculate the total cost per unit of each dishes served in this restaurant? (Show your work) (Recommended to use Excel DL (Total) DM MOH Total Cost Cost Per Unit Dish#1 Dish#2 Dish#3 Dish#4 Dish#5
Expert Answer:
Answer rating: 100% (QA)
Step 14 ALLOCATION OF MANUFACTURING OVERHEADMOH ALLOCATED COSTS A B CAB Cost Allocation Base Base Volume Activity Rate 1 Rent 3000 Direct Labor Hour 1... View the full answer
Related Book For
The Legal and Regulatory Environment of Business
ISBN: 978-0078023859
17th edition
Authors: Marisa Pagnattaro, Daniel Cahoy, Manning Magid, Lee Reed, Pe
Posted Date:
Students also viewed these accounting questions
-
The Heartland Distribution Company is a food warehouse and distributor that has a contract with a grocery store chain in several Midwest and Southeast cities. The company wants to construct new...
-
The XYZ Company is a geographically distributed organization with several sites around the country. Users at these sites need rapid access to common data for read-only purposes. Which distributed...
-
XYZ company is a start-up company, they only have less than 20 personnel. The treasury function maintains the custody of funds, investments and the record-keeping of cash and investment related...
-
Which of these groups has the higher priority? b) -COH or CNH2 a) -CH3 or -CH,CH3 c) -CH;CH,CH3 d) -CH-CH CH3 or -C=N or -CH;CH,CH,CH3 CH3 e) -CHCH3 or
-
As of December 31 of the current year, Fernandez Company has prepared the following information regarding its liabilities and other obligations: Notes payable, of which $20,000 will be repaid within...
-
What would happen if the C curve had shifted down only half as much as curve C in Figure? P, AC ($) E' 100 200 300 400 500 Number of Firms (N) 2.
-
Suppose we have a block mounted on a spring and define the zero point for the elastic potential energy of the system to be the relaxed position (meaning the block is positioned such that the spring...
-
The following information concerns the intangible assets of Epstein Corporation: a. On June 30, 2011, Epstein completed the purchase of the Johnstone Corporation for $2,000,000 in cash. The fair...
-
1. (1.25 points) Consider H the following hypothesis class: H = {ha : R {0, 1} | a > 0, a R, where h(1) = 1\-a,a)(2) = { 1, 2 -a,a] 0, x-a, a] } a. Compute the shattering coefficient TH (m) of the...
-
Shady Sunglasses operates retail sunglass kiosks in shopping malls. Below is information related to the company: (Dollar amounts in thousands) 2014 2015 2016 2017 2018 2019 Net Cash Flow from...
-
Using the information below, complete (i) the operating cash flow section of the Statement of Cash Flows and (ii) the note to the accounts for Noosa Ltd. Your presentation must be consistent with the...
-
According to Plato in the Timaeus , the universe was patterned after the Form World Soul . The Universe was created by the Demiurge , a divine force referred to as the " father of heaven who is past...
-
A parking lot has the capacity of 10 cars. Each car stays in the parking lot 1 hour on average. The mean time between car arrivals is 30 minutes. If the parking lot is full, a newly arrived car does...
-
Jens just took out a loan from the bank for 59,516 dollars. He plans to repay this loan by making a special payment to the bank of 5,460 dollars in 3 years and by also making equal, regular annual...
-
Jill, being very smart, puts $400 per month in her retirement account at the end of each month. This account earns on average 12% annual interest on the amount in her account. The interest is...
-
Linda wants to retire in 27 years with $2,000,000 in her IRA. She plans to invest $20,000 a year into the account until she retires. About what rate of interest must Linda earn on the IRA to meet her...
-
In a normal distribution of scores in a stats class, the class had an average grade of 82.4 with a standard deviation of 9.4. One student received a final grade of 79.2. What would be their final...
-
Representative data read from a plot that appeared in the paper Effect of Cattle Treading on Erosion from Hill Pasture: Modeling Concepts and Analysis of Rainfall Simulator Data (Australian Journal...
-
(a) What types of sanctions are used for the violation of statutes and regulations? (b) What is an injunction?
-
Formalism As amended in 1988, the Foreign Corrupt Practices Act prohibits bribery as a practice for U.S. companies to use in obtaining business in other countries. In passing the act, Congress...
-
The U.S. sentencing guidelines apply a mathematical formula to sentencing. How do the guide lines operate?
-
An article in the New York Times in mid-2012 noted, with the economy still struggling and new regulations meant to eliminate bad lending, bank loans continue to lag. a. What does the article mean by...
-
In a talk at the White House in December 2009, President Barack Obama argued, Ultimately in this country we rise and fall together: banks and small businesses, consumers and large corporations. Why...
-
List the qualities necessary for an asset to be suitable as a medium of exchange.
Study smarter with the SolutionInn App