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Leto [7]
3 years ago
5

The rate of return is the _____.

Business
1 answer:
CaHeK987 [17]3 years ago
4 0

Answer:

c) percentage that shows how much gain or loss an investment makes.

Explanation:

The formula to compute the rate of return is shown below:

= (Current value - original investment) ÷ (original investment) × 100

The rate of return is always expressed in percentage form.

The rate of return represents the gain or loss with respect to the initial investment made over the specified period of time.

The difference of the amount comes in numerator side and initial investment comes in denominator side

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Naily [24]

Question: Casey’s Kitchens’ three cost pools and overhead estimates are as follows:

Cost Pool                            Cost Driver                  Est. Overhead  

Machine Setups                     Setups                          $250000

Assembly                        Numbers of Parts                 $300000

Machine Maintenance      Machine hours                  $<u>500000</u>

                               <u>Total</u>                                             $<u>1,050,000</u>

Cost Driver            Use per Product A    Use per Product B   Total

Setups                               7000                          3000               <u>10000</u>

Numbers of Parts            25000                        35000             <u>60000</u>

Machine hours                 10000                        40000             <u>50000</u>

The Question is the Extension of previous question in the book and the only required data from the previous question for this question is Number of units produced of A and B which is 20000 units and 50000 units.

Compare the overhead allocation using:

The traditional allocation method

The activity-based costing method

(Hint: the traditional method uses machine hours as the allocation base.)

Answer:

<h2><u>TRADITIONAL ABSORPTION COSTING</u></h2><h3></h3><h2>Step 1:  Identify Absorption Basis </h2>

Here absorption basis is Machine hours.

<h2>Step 2:  Find the Overhead Absorbed by total units of Product A and B.</h2>

The formula is as under:

Overhead Absorbed=Total Overhead * Absorption Basis Share/Total Absorption Basis

For Product A:

Overhead absorbed =$1,050,000 * 10000 Machine Hrs/50000 Machine Hrs= $210,000 overhead absorbed in 20000 units of product A.

For Product B:

Overhead absorbed =$1,050,000 * 40000 Machine Hrs/50000 Machine Hrs= $840,000 overhead absorbed in 50000 units of product B.

<h2>Step 3:  Divide the Overhead Absorbed by Number of units to compute Overhead per Unit </h2>

Overhead per unit of A= Overhead absorbed by A / Total units of A

Overhead per unit of A= $210,000/ 20,000 Units= $10.5 per Unit

Overhead per unit of B= Overhead absorbed by B / Total units of B

Overhead per unit of A= $840,000/ 50,000 Units= $16.8 per Unit

<h2>Step 4: Add the per unit prime cost to Overhead cost per unit calculated in the Step 3 to calculate the total unit cost of the product. </h2>

The prime cost per unit is not given in this question but let us assume that it is $10 per unit for product A and $20 per unit for product B.

Now

For product A:

Total Unit cost of product A= Overhead cost per unit for A + Prime cost per unit for A

Total Unit cost of product A= $10.5 per unit + $10 per unit= $20.5 per unit

For product B:

Total Unit cost of product B= Overhead cost per unit for B + Prime cost per unit for B

Total Unit cost of product B= $16.8 per unit + $20 per unit= $36.8 per unit

<u></u>

<h2><u>ACTIVITY BASED COSTING</u></h2><h2>Step 1: Identify cost pools and their relevant cost drivers.</h2>

Cost Pool                            Cost Driver                  Est. Overhead  

Machine Setups                     Setups                          $250000

Assembly                        Numbers of Parts                 $300000

Machine Maintenance      Machine hours                  $500000

<h2>Step 2: Assign the cost of each activity (cost pool) on a fair basis (cost drivers) to Product A and B</h2>

Cost assigned to total products of <u>X</u> = Cost pool*(units of cost driver consumed by total # of Products A / total units of relevant cost driver consumed)

<h2><u>For Product A:</u></h2>

Machine setup cost

$250,000 * (7000 setups  for A/ 10,000 total setups)= $175,000 for 20000 units of A

Assembly Cost

$300,000 * (25,000 number of parts for A/ 60,000 total number of parts)= $125,000 for 20000 units of A

Machine Maintenance

$500,000 * (10,000 machine hrs for A/ 50,000 total machine hrs)= $100,000 for 20000 units of A

Total Overhead cost assigned to 20000 units of Product A= $175,000 + $125,000 + $100,000=$400,000

<h2><u>For Product B:</u></h2>

Machine setup cost

$250,000 * (3000 setups  for B/ 10,000 total setups)= $75,000 for 50000 units of B

Assembly Cost

$300,000 * (35,000 number of parts for B/ 60,000 total number of parts)= $175,000 for 50000 units of B

Machine Maintenance

$500,000 * (40,000 machine hrs for B/ 50,000 total machine hrs)= $400,000 for 50000 units of B

Total Overhead cost assigned to 50000 units of Product B= $75,000 + $175,000 + $400,000=$650,000

<h2>Step 3:  Divide the Answer from the step 3 by total units of product A produced to calculate unit cost</h2>

Overhead cost per unit = Total Overhead cost assigned to total units of X / Total Units of X

Overhead cost per unit For Product A= $400,000/20000 Units=$20 per unit

Overhead cost per unit For Product B= $650,000/50000 Units=$13 per unit

<h2>Step 4: Add prime cost per unit to it to calculate total unit cost of each product A and B.</h2>

The prime cost per unit is not given in this question but let us assume that it is $10 per unit for product A and $20 per unit for product B.

Now

For product A:

Total Unit cost of product A= Overhead cost per unit for A + Prime cost per unit for A

Total Unit cost of product A= $20 per unit + $10 per unit= $30 per unit

For product B:

Total Unit cost of product B= Overhead cost per unit for B + Prime cost per unit for B

Total Unit cost of product B= $13 per unit + $20 per unit= $33 per unit

8 0
3 years ago
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