
Access over 20 million homework documents through the notebank

Get on-demand Q&A homework help from verified tutors

Read 1000s of rich book guides covering popular titles
I’m trying to study for my Business course and I need some help to understand this question.
TCO 4) Toshi Company incurred the following costs in manufacturing desk calculators.
Direct materials $14
Indirect materials (variable) 4
Direct labor 8
Indirect labor (variable) 6
Other variable factory overhead 10
Fixed factory overhead 28
Variable selling expenses 20
Fixed selling expenses 14
During the period, the company produced and sold 1,000 units.
a. What is the inventory cost per unit using absorption costing?
b. What is the inventory cost per unit using variable costing?
(Points : 30)
5.
(TCO
8) Musical Instruments Company manufactures two products (trumpets and
trombones). Overhead costs ($175,000) have been divided into three cost
pools that use the following activity drivers.
Product |
Number of setups |
Machine hours |
Packing orders |
Trumpets |
50 |
1,500 |
150 |
Trombones |
50 |
4,500 |
250 |
Cost per pool |
$60,000 |
$90,000 |
$25,000 |
Required (show all calculations) |
a. What is the allocation rate for trumpets per setup using activity-based costing? |
b. What is the allocation rate for trumpets per machine hours using activity-based costing? |
c. What is the allocation rate for trumpets per packing order using activity-based costing? |
6.
(TCO 5) The Baxter Corporation has the following budgeted and actual results.
Budgeted data | Actual results |
Unit sales | 25,000 | Unit sales | 26,000 |
Unit production | 25,000 | Unit production | 26,500 | |
Fixed overhead | Fixed overhead |
Supervision | $20,000 | Supervision | $19,000 | |||
Depreciation | $25,000 | Depreciation | $25,000 | |||
Rent | $12,500 | Rent | $12,500 |
Variable costs per unit | Variable costs |
Direct materials | $20.00 | Direct materials | $530,000 | |||
Direct labor | $25.00 | Direct labor | $640,000 | |||
Supplies | $0.25 | Supplies | $6,100 | |||
Indirect labor | $1.25 | Indirect labor | $30,000 | |||
Electricity | $0.15 | Electricity | $4,000 |
Required: |
|
Prepare a performance report for all costs, showing static budget variances (indicate F or U). |
This question has not been answered.
Create a free account to get help with this and any other question!
Brown University
1271 Tutors
California Institute of Technology
2131 Tutors
Carnegie Mellon University
982 Tutors
Columbia University
1256 Tutors
Dartmouth University
2113 Tutors
Emory University
2279 Tutors
Harvard University
599 Tutors
Massachusetts Institute of Technology
2319 Tutors
New York University
1645 Tutors
Notre Dam University
1911 Tutors
Oklahoma University
2122 Tutors
Pennsylvania State University
932 Tutors
Princeton University
1211 Tutors
Stanford University
983 Tutors
University of California
1282 Tutors
Oxford University
123 Tutors
Yale University
2325 Tutors