This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Millenium Ideas Ltd. manufactures odd size sporting equipment sold over the internet. Two items, ... (Read 42 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
on: Jan 4, 2020
Millenium Ideas Ltd. manufactures odd size sporting equipment sold over the internet. Two items, Dive Masks and Fins are manufactured on a common assembly line. Although different direct materials are used, the direct labour cost is the same for each product line.
The plant-wide rate for allocating manufacturing overhead to its products is no longer acceptable. The production manager has heard about activity-based costing and has assembled some information for use in changing the cost system to a cost driver concept.
With the help of the accounting department, the manager has been able to establish the following relationships between production costs and some of the indirect manufacturing activities for August, along with the production data for the two product lines:

Activity   Cost Driver Allocation Rate Dive Masks Fins
Material handling Number of parts $1.00 per part 2,0001,300
MachiningMachine hours $15.00 per hour205300
AssemblyUnits began$1.60 per unit1,0001,300
InspectionNumber tested $2.00 per unit1001,200

Direct costs:
Dive MasksFins
Labour$12,000 $12,000
Materials$5,200 $2,600

Required:
Using activity-based costing determine the total production cost of each of the two product lines for August and the cost per unit assuming all units started were completed.
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mrsjacobs44 on Jan 4, 2020

janeli

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jan 4, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


mrsjacobs44

  • Member
  • Posts: 500
Reply 2 on: Jan 4, 2020
:D TYSM

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Species richness increases with island size. Species richness increases with island size.
Like most world-changing inventions, the printing press of fifteenth-century Europe took advantage o Like most world-changing inventions, the printing press of fifteenth-century Europe took advantage o
Schematic Diagram of Agitation Apparatus and other equipment (CHE415 Unit Operations) Schematic Diagram of Agitation Apparatus and other equipment (CHE415 Unit Operations)
Noid lights are usually purchased as an assortment so that one is available for any type or size ... Noid lights are usually purchased as an assortment so that one is available for any type or size ...
Size-exclusion chromatography (aka gel-filtration) Size-exclusion chromatography (aka gel-filtration)
Vermont Instruments manufactures two models of calculators. The finance model is the Fin-X and ... Vermont Instruments manufactures two models of calculators. The finance model is the Fin-X and ...
Video: What is Reverse Osmosis?

For a complete list of videos, visit our video library