(WIP) ACC 350 Exam 1 Study Material

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2. For each activity, identify an activity driver and calculate the activity driver rates. 3. Calculate the cost of the two products using ABC. 4. How did the cost of the two products change and why? 5. Discuss how the company would go about improving profitability.
solutions ACC 350 In-Class Problems – Chapter 5 Problem #1 – Identify Activity Level The company below manufactures trucks and has the following activities: Activity Level 1. Work on assembly line Unit Labor hours Potential Activity Driver 2. Set-up production machinery Batch # of Setups/Setup hours 3. Operate production machines Unit Machine hours 4. Maintenance of production machinery Unit Machine hours 5. Inspect products Batch* # of Inspections/Inspection hours 6. Receive Raw Materials Batch # of Receipts 7. Factory heating, lighting & air conditioning 8. Set up an inventory part number in the information system. Facility Product Square footage # of different parts 9. Prepare a production order Batch # of production orders 10. Advertising the product Product # of different products 11. Customer returns Customer # of returns 12. Rent on manufacturing plant Facility Square Footage 13. Move materials Batch # of moves 14. Prepare an engineering change order Product # of different products 15. Provide a “help” line for ten largest customers. Customer # of calls/# of hours on the phone For each activity, identify the activity level (unit, batch, product, customer or facility) and list a potential activity driver. *This (as well as other batch activities) would be a unit-level activity if each unit required inspection.
Page 1 and 2: Sarah Takash ACC 350 spring 2018 Ex
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Page 17 and 18: Ptt e. chs . Review 1132 Problems C
Page 19 and 20: P . 7 per - 3 solutions Ch. 2 Revie
Page 21 and 22: P . be 7-5 COMPUTATIONAL QUESTION 1
Page 23 and 24: P . Efg 7-7 Inventory balances for
Page 25 and 26: P . a. 7-9 8. The following informa
Page 27 and 28: 1=7-11 See Inventory balances for t
Page 29 and 30: P . 7-13 f- 8. The following inform
Page 31 and 32: p . Be 7-15 #2 - COGM / COGS Hanks
Page 33 and 34: a. t 7- it Solutions ACC 350 In-Cla
Page 35 and 36: P . soft 7-19 InClass Problems - Ch
Page 37 and 38: 20. Cost hierarchy Pg. 16 Sarah All
Page 41 and 42: 29. Steps: Pg. 20 Sarah Allison Tak
Page 47 and 48: Solutions ACC 350 Practice problem
Page 49 and 50: Problem #2 - Activity Based Costing
Page 51: Problem #3 - Activity Based Costing
Page 55 and 56: Requirements: 1. Determine the plan
Page 57 and 58: Problem #3 - Activity Based Costing
Page 59 and 60: Standard: ($42,500 * .50) / 15,000
Page 61 and 62: Solutions Milwaukee Company Problem
Page 63 and 64: d. Determine the gross margin (per
Page 65 and 66: InClass Problems - Chapter 4 Requir
Page 67 and 68: Requirements: a. Determine the plan
Page 69 and 70: $1,715,071 $1,854,929 # of Units 50
Page 71 and 72: $1,715,071 $1,854,929 # of Units 50
Page 75: Summary of Article Pg. 27 Sarah All

(WIP) ACC 350 Exam 1 Study Material

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