Answer:
Product V91Z overhead: $12,614.93
Product V21I overhead: $ 9,050.44
<u>Missing Information:</u>
Product V91Z Product V21I
Number of batches 70 13
Number of customer orders 21 10
Number of assembly hours 493 698
Question
Overhead per product using ABC method
Explanation:
<em>We multiply the activity rate of each activity with the level for each product.</em>
Then, we add all three cost together to get the total overhead per product.
Product V91Z
70 x $84 + 21 x $75.15 + 493 x $10.46 = $12,614.93
Product V21I
13 x $84 + 10 x $75.15 + 698 x $10.46 = $9,050.44
Answer:
Correct option is (e)
Explanation:
There are three levels of distribution intensities: intensive, selective and exclusive. Intensive distribution is when producer covers all possible distribution channels to make the product available. Selective distribution is when the producer selects a few distributors to make the product available particularly to a target customer that the producer has already identified.
Exclusive distribution is done for high end brands where only selective distributors are involved so as to make the product exclusive and not available in abundance. This type of distribution is done for products that are limited edition or unique in nature.
So Anbinh fashion should choose exclusive distribution for its one of a kind designer jewelry.
Answer:
September 9, petty cash fund is established
Dr Petty cash 440
Cr Cash 440
September 30, petty cash fund expenses
Dr Merchandise inventory 44
Dr Postage expenses 54
Dr Miscellaneous office expenses 144
Dr Cash short and over 10
Cr Petty cash 252
September 30, petty cash fund reimbursement
Dr Petty cash 252
Cr Cash 252
October 1, petty cash fund increased to $485
Dr Petty cash 45
Cr Cash 45