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2 years ago

sells general merchandise directly from the manufacturer at a discount; items may be discontinued or have certain product flaws.

1 answer:

3 0

Outlet stores offer general stuff at a reduced price that is sold directly from the manufacturer; certain items may have been discontinued or have manufacturing defects.

Customers might get daily deals and lower pricing at an outlet store. Outlet stores actually started out as locations where merchants offered discounted or damaged goods for sale. Outlets have evolved into stores that satisfy consumer demand for name-brand goods that are reasonably priced and of high quality. In contrast, a retail store's purpose is to sell high-quality goods at retail prices, therefore there aren't many discounts unless there is a sale or special occasion. The quality of the products sold at an outlet store is related.

To learn more about chain stores here

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Data provided in the question

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3 years ago

Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on

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Answer:

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1. Overhead rate using the traditional (plantwide) approach is:

= $1.84

2. The overhead rates using activity-based costing approach are:

Machining = $72.49

Machine setup = $211.69

3. The difference in allocation between the two approaches:

Differences:

ABC approach $121,808 $178,188 $299,996

Using plantwide $110,400 $189,520 $299,920

Differences $11,408 -$11,332 $76

Explanation:

a) Data and Calculations:

Total estimated overhead costs = $300,000

Machining activity = $195,000

Machine setup activity = $105,000

Standard Custom Total

Direct labor costs $60,000 $103,000 $163,000

Machine hours 1,400 1,290 2,690

Setup hours 96 400 496

Overhead rate based on direct labor costs = $1.84 ($300,000/163,000)

Overhead rates using activity-based costing approach:

Machining = $72.49 ($195,000/2,690)

Machine setup = $211.69 ($105,000/496)

Allocation of overhead costs:

Standard Custom Total

Using plantwide $110,400 $189,520 $299,920

Using ABC:

Machining $101,486 $93,512 $194,998

Machine setup 20,322 84,676 104,998

Total costs $121,808 $178,188 $299,996

Differences:

ABC approach $121,808 $178,188 $299,996

Using plantwide $110,400 $189,520 $299,920

Differences $11,408 -$11,332 $76

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3 years ago