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zhuklara [117]
3 years ago
8

Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives.

The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below.Activity Cost Activity BaseProcurement $370,000 Number of purchase ordersScheduling 250,000 Number of production ordersMaterials handling 500,000 Number of movesProduct development 730,000 Number of engineering changesProduction 1,500,000 Machine hoursNumber of Number of Number of Number of Machine Number ofPurchase Orders Production Orders Moves Engineering Changes Hours UnitsDisk drives 4,000 300 1,400 10 2,000 2,000Tape drives 4,000 150 800 10 8,000 4,000Wire drives 12,000 800 4,000 25 10,000 2,50035. Determine the activity rate for procurement per purchase order.a $43.53b $18.50c $15.42d $37.0036. Determine the activity rate per production order for scheduling.a $200.00b $20.00c $29.41d $10.4237. Determine the activity rate for materials handling per move.a $58.82b $50.00c $20.83d $80.6538. Determine the activity rate for product development per change.a $73,000b $8,588c $30,417d $16,22239. Determine the activity rate for production per machine hour.a $62.50b $150.00c $75.00d $176.4740. Determine the activity-based cost for each disk drive unit.a $92.25b $130.69c $394.12d $279.5741. Determine the activity-based cost for each wire drive unit.a $204.13b $173.51c $744.06d $394.1242. Determine the activity-based cost for each tape drive unit.a $97.73b $232.69c $394.12d $103.84
Business
1 answer:
Darya [45]3 years ago
5 0

Answer:

a.- activity rate for producrement:

370,000 / 18,000 = 18.20

b.- for scheduling:

250,000 / 1,250 = 200

c.- for materials handling:

500,000 / 6,200 = 80,65

d.- for development:

730,000 / 45 = 16222,22222222222

e.- for machine hours:

1,500,000 / 20,000 = 75

f.-

disk   $  279.57

tape  $  232.69

wire  $   744.06

Explanation:

The budgeted activity cost and activity base data by product are provided below.

Procurement $370,000 Number of purchase orders

Scheduling $250,000 Number of production orders

Materials handling $500,000 Number of moves

Product development $730,000 Number of engineering changes

Production 1,500,000 Machine hours

          purchase /production / moves/engineering /machine hours/ units

Disk drives   4,000   300   1,400       10    2,000       2,000

Tape drives  4,000    150     800       10     8,000       4,000

Wire drives 12,000   800  4,000      25    10,000       2,500

Total:           20,000   1,250 6,200     45    20,000    

activity rate:

cost pool over cost driver:

a.- activity rate for producrement:

370,000 / 18,000 = 18.20

b.- for scheduling:

250,000 / 1,250 = 200

c.- for materials handling:

500,000 / 6,200 = 80,65

d.- for development:

730,000 / 45 = 16222,22222222222

e.- for machine hours:

1,500,000 / 20,000 = 75

f.- activity cost for disk drive:

<u>Disk drives  </u>

4,000 x 18.2            =   72,800

   300 x 200            =   60,000

1,400  x 80.65         =   112, 910

     10  x 16,222.22   = 162,222.22

2,000  x 75               =<u> 150,000     </u>

Total Cost                    557,932.22‬

Units: 2,000

Cost per unit: 557,932.22 / 2,000 = 278.96611

For the other two units we repeat the process for Disk Driver

<u>Wire tapes  </u>

12,000 x 18.2            =  218,400

   800 x 200            =  160,000

4,000 x 80.65         =  322,600

     25 x 16,222.22   = 405,555.5

1,000  x 75               =<u> 750,000     </u>

Total Cost                 1,856,555.5

units: 2,500

1,856,555.5 / 2,500 = 742,62

<u>Tape drives  </u>

4,000 x 18.2            =   72,800

   150 x 200            =   30,000

  800 x 80.65         =   64,520

     10  x 16,222.22   = 162,222.22

10,000 x 75               =<u> 600,000     </u>

Total Cost                    929.542,22‬

units: 4,000

929,542.22 / 4,000 = 232,39

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Credit Sales Salaries Payable $1,800

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Debit Selling expense $2,900

Credit Prepaid selling expense $2,900

To record expired selling expense.

Debit Cost of goods sold $5,300

Credit Merchandise Inventory $5,300

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Debit Sales revenue $ 609,000

Credit Sales returns and allowances $21,500

Credit Sales discounts $7,000

Credit Income summary $580,500

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Debit Income Summary $526,000

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Cost of goods sold             $257,300

Sales salaries expense          69,800

Utilities expense                    25,000

Selling expenses                   48,900

Administrative expenses    125,000

To close cost of goods sold and expenses to the income summary.

Debit Income Summary $54,500

Credit Retained Earnings $54,500

To close the income summary to retained earnings.

Debit Retained Earnings $53,000

Credit Dividends $53,000

To close the dividend to retained earnings.

Explanation:

a) Data and Calculations:

                                                    Debit       Credit

Merchandise inventory         $ 40,000

Prepaid selling expenses           7,600

Dividends                                 53,000

Sales                                                      $ 609,000

Sales returns and allowances 21,500

Sales discounts                          7,000

Cost of goods sold               252,000

Sales salaries expense          68,000

Utilities expense                    25,000

Selling expenses                   46,000

Administrative expenses    125,000

Analysis of additional Information:

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Selling expense $2,900 Prepaid selling expense $2,900

Cost of goods sold $5,300 Merchandise Inventory $5,300

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Merchandise inventory         $ 34,700

Prepaid selling expenses           4,700

Dividends                                 53,000

Sales Salaries Payable                                   1,800

Sales                                                      $ 609,000

Sales returns and allowances 21,500

Sales discounts                          7,000

Cost of goods sold               257,300

Sales salaries expense          69,800

Utilities expense                    25,000

Selling expenses                   48,900

Administrative expenses    125,000

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