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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?

(Points : 30) 

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).

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(Top Tutor) Daniel C.
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School: Rice University
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