Question 1 To keep the equipment in top shape, Simple Company hired multiple maintenance engineers. Trevor has spent the following on maintenance for these engineers over the last eight months. Direct work hours are the strongest indicator of plant activity. Month Labor Maintenance Hours Cost 4,250 January February 35,750 4,750 4,500 38,000 41,750 March April Мay 4,000 3,750 3,250 1,100 35,000 35,750 32,500 32,000 June July August 3,500 35,500 Required: Determine the fixed and variable components of the maintenance expenses using the high- low technique and forecast for 2100 hours.
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- QUESTION 4 XYZ Inc. employed several maintenance engineers to keep the equipment running in peak condition. Over the past eight months, Travis incurred the following maintenance cost for these engineers. Plant activity is best measured by direct labor hours. ITT Direct Labor Hours Maintenance Cost Month January February 1,700 $14,300 $16,200 $16,700 $14,000 2,000 1,800 1,600 1,500 1,300 March April May $14,300 June S13,000 1,000 July August $12,200 1,400 $14,200 REQUIRED a) Using the high-low method, determine the fixed and variable components of the maintenance costs. b) Briefly explain advantage using ABC Costing in management Systems 7Question 1 Heng Hiong Fabrication Company has FOUR vendors supplying rubber gaskets (various sizes) to their shop floor. The table (below) shows delivery for the past 12 months. The weightage allocated to vendor evaluation is as follows: • On-time delivery (40%), • pricing (30%), • product quality (30%) a) Calculate the supplier performance score. b) Identify the best and worst performers. NOTE. Provide supporting argument. Show workings. Supplier Order delivery Quality (pcs) (Passed) Supplier-A 600 Supplier-B 400 Supplier-C 500 Supplier-D 500 570 400 490 485 On-time delivery 570 400 480 490 Price/unit $10.30 $11.00 $10.80 $10.50Required Information [The following information applies to the questions displayed below] Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,500 of raw materials on credit. b. Materials requisitions show the following materials used for the month. $ Job 201 a. b. C. Job 202 Total direct materials Indirect materials, Beginning Balance Total materials used Ending balance c. Time tickets show the following labor used for the month. Job 201 $ Job 202 Total direct labor Indirect labor 48,700 24, 100 72,800 9,120 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. Sold Job 201 for $165,260 on credit. $ 81,920 S Total labor used 77,500 g. Incurred the following actual other overhead costs for the month. Depreciation of factory $ 32,500 550 850 3,500 $ 37,400 39,700 13,100 52,800 24,700 Post entries for transactions a…
- Exercises The salary for a plant supervisor for a manufacturing facility is $120,000 per year. The plant's capacity is 300,000 units per year. Required 1. Prepare a table that shows how the cost of supervision behaves in total and on a per-unit basis as production increases from 0 to 250,000 units per year, using 50,000-unit increments. 2. How would you classify the behavior of the cost of supervision?B NOWv2 | Online teachir X + ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... Ⓒ Thomlin Company forecasts that total factory overhead for the current year will be $17,280,000 with 180,000 total machine hours. Year to date, the actual overhead is $8,220,000, and the actual machine hours are 82,200 hours. If Thomlin Company uses a predetermined factory overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is a. $328,800 underapplied Ob. $391,200 overapplied Oc. $328,800 overapplied Od. $391,200 underapplied 8:15 A 5/2/202 H U a 1 CRequired Information Use the following Informatlon to answer questlons. (Static) [The following information apples to the questions displayed below) Information on Kwon Manufacturing's activitles for Its first month of operatlons follows: 6. Purchased $100,000 of raw matertals on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials Indirect materials $ 48,200 23,600 71,800 8,620 S se,420 Total materials used c. Time tickets show the following labor used for the month. ces Job 201 Job 202 Total direct labor Indirect labor $39, 200 12,600 51,800 24,200 $ 76,000 Total labor used d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost e. Transferred Job 201 to Finished Goods Inventory 1. Sold Job 201 for $163,760 on credit. g. Incurred the following actual other overhead costs for the month Depreciation of factory equipnent Rent on factory building (payable)…
- 4 Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Direct materials. Direct labor Standard Quantity or Hours. 7.90 pounds 0.50 hours Standard Price or Rate $ 2.10 per pound. $ 5.00 per hour. During the most recent month, the following activity was recorded: a. 14,850.00 pounds of material were purchased at a cost of $2.00 per pound. b. All of the material purchased was used to produce 1,500 units of Zoom. c. 600 hours of direct labor time were recorded at a total labor cost of $4,200. Required: 1. Compute the materials price and quantity variances for the month. 2. Compute the labor rate and efficiency variances for the month. Standard Cost $ 16.59 $ 2.50 (For all requirements, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Round your intermediate…Current Attempt in Progress The controller of Oriole Industries has collected the following monthly cost data for use in analyzing the behavior of maintenance costs. Month January February March April May June Total Maintenance Costs $2,860 3,160 3,760 4,660 3,360 5,260 Total Machine Hours 320 370 520 670 520 720View Policies Current Attempt in Progress Wilson Company manufactures a line of lightweight running shoes. CEO Charles Wilson estimated that the company would incur $7,200,000 in manufacturing overhead during the coming year. Additionally, he estimated the company would operate at a level requiring 400,000 direct labor hours and 400,000 machine hours. (a) Assume that Wilson Company uses direct labor hours as its manufacturing overhead application base. Calculate the company's predetermined overhead rate. Company's predetermined overhead rate $ eTextbook and Media Save for Later /DLH Attempts: 0 of 4 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above. Submit Answer
- Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $132,000 Number of setups 120 Ordering materials 19,800 Number of orders 900 Machining 115,500 Machine hours 10,500 Receiving 26,400 Receiving hours 1,200 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y Units completed 4,000 8,000 Number of setups 80 40 Number of orders 300 600 Machine hours 6,000 4,500 Receiving hours 400 800 Required: 1. Determine the total overhead assigned to each product using the four activity drivers. Total Overhead Assigned Model X Model Y 2. Determine the total overhead assigned to each model using the two most expensive activities. The…Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $147,000 Number of setups 120 Ordering materials 12,000 Number of orders 600 Machining 109,200 Machine hours 9,100 Receiving 31,680 Receiving hours 1,320 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y Units completed 4,200 8,400 Number of setups 80 40 Number of orders 200 400 Machine hours 5,200 3,900 Receiving hours 440 880 REQUIRED:- 2. Determine the total overhead assigned to each model using the two most expensive activities. The costs of the two relatively inexpensive activities are allocated to the two expensive activities in proportion to their costs. Round interim…* 00 %24 %24 D. Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate comple Re Developing). Management has decided to allocate maintenance costs on the basis of machine-hours in each department and personnel costs on the basis of labor-hours worked by the employees in each. The following data appear in the company records for the current period: Maintenance Personnel Printing Developing Machine-hours 006 3,100 Labor-hours 00E T 006 006 Department direct costs $15,200 009 $ 009'ET$ 009 Required: Use the direct method to allocate these service department costs to the operating departments. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations.) XAnswer is not complete. Maintenance Personnel Printing Developing 3,600 X $ X 009 13,600 X Service department costs 13,600 Maintenance allocation (3,600) 13,600 X (009) Personnel allocation Total costs allocated $ 17.200 17,200 Mc Graw K…