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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? |
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). |
Tutor Answer
Europe(Continental)