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Savatey [412]
3 years ago
7

Poskey Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following

data concerning its costs and its activity based costing system: Costs: Wages and salaries $ 349,000 Depreciation 290,000 Utilities 199,000 Total $ 838,000 Distribution of resource consumption: Activity Cost Pools Assembly Setting Up Other Total Wages and salaries 65% 20% 15% 100% Depreciation 35% 20% 45% 100% Utilities 15% 75% 10% 100% How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool?
Business
1 answer:
MrRa [10]3 years ago
6 0

Answer:

\left[\begin{array}{cccccc}&Cost&Assembly&Setting Up&Other&Total\\wages&349,000&226,850&69,800&52,350&349,000\\Depreciation&290,000&101,500&58,000&130,500&290,000&Utilities&199,000&29,850&149,250&19,900&199,000&Total&838,000&358,200&277,050&202,750&838,000&\end{array}\right]

Explanation:

We mulitply each line by the stated percent of each activity

<u>for example</u>

Setting Up % x Utilities= Utilities cost assigned to setting up

199,000x 75% = 149,250

Assembly % Depreciation= Depreciation cost assigned to assembly

35% x 290,000 = 101,500

This process must be done to assign each portion of cost.

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In Agile projects early risk planning, assessment and response planning is done at a high level, and more detailed and timely ri
kkurt [141]

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TRUE

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"In the __________ strategy, you can manipulate _________ to match supply and demand. a. Chase; inventory level b. Chase; invent
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Answer:

a. Chase; inventory level

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3 years ago
Down Under Boomerang, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.
Sedbober [7]

Answer:

Explanation: please refer to the explanation section

Initial fixed asset Investment = 2.33million = 2 330 000

Modified Accelerated Cost recovery System

The Fixed Asset Falls under the 3 year MACRS class the project the asset which states that Asset Depreciation range Midpoint is 4 years or less  The period for this project is 3 years

Estimated annual sales = $1735000

costs = $640,000

Initial Net working Capital  investment = $300,000

Residual Value (Value of the fixed asset at the end) = $255,000

a. Projected Cash flows

Year 0

Cash outflows = 2 330 000 - 300 000 - 255 000 = 2375000

                                year 1       year 2         year 3

Estimated sales 1735000 1735000     1735000

costs                  -640000    -640000      -640000

Depreciation     -791666.67  -791666.67    -791666.67

Residual Value<u>                     255000 </u>

Net sales          303333.33     303333.33  558333.33

Tax  25%  -<u>75833.33 -75833.33 -139583.33</u>

Net Cash flows  <u>227500           227500              418750</u>

Depreciation = (2330 00 + 300 000 -255000)/3= 791666.67

Tax =  Net sales x 25%

b Net Present Value (Required rate Return = 9%)

PV  =  227500/(1+0.09)^1 + 227500/(1 + 0.09)^2 + 418750/(1+0.09)^3

Present Value of cash flows = 723549.63

Net Present Value = 723549.63 - 2630 000 = -1906450.37

The net present Value is Negative indicating the project will not bring positive returns

5 0
3 years ago
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