(WIP) ACC 350 Exam 1 Study Material

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. Determine the gross margin (per unit) of the regular and deluxe models using the current costing system. Regular: DM = $8 DL = $20/DLH * ¼ DLH = $5 MOH = $17.80 * ¼ DLH = $4.45 Total Product Cost = $17.45 Selling Price = $25 Gross Margin = $25 – $17.45 = $7.55 per unit Deluxe: DM = $10 DL = $20/DLH * 1 DLH = $20 MOH = $17.80 * 1 DLH = $17.80 Total Product Cost = $47.80 Selling Price = $60 Gross Margin = $60 – $47.80 = $12.20 per unit c. For each activity, calculate activity rates Activity Annual Cost Activity Driver Total Activity Rate Purchase Orders $246,000 # of POs 400 $615.00 Inspections $600,000 # of Inspections 750 $800.00 Production Set-ups $710,000 Setup Hours 500 $1,420.00 Machine Maintenance $450,000 MH 290,000 $1.55 Facility Costs $575,000 Per unit 520,000 $1.11
d. Determine the gross margin (per unit) of the regular and deluxe models using the ABC information. NOTE: Your answers may differ slightly based on your rounding. Activity Regular Deluxe Purchase Orders $123,000 $123,000 Inspections $400,000 $200,000 Production Set-ups $355,000 $355,000 Machine Maintenance $387,931 $62,069 Facility Costs $552,885 $22,115 $1,818,816 762,184 # of Units 500,000 20,000 $3.64 38.11 DM 8.00 10.00 DL (from part 2) 5.00 20.00 Total Product Cost 16.64 68.11 Selling Price $25.00 $60.00 Gross Margin $8.36 ($8.11)
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Sarah Takash ACC 350 spring 2018 Ex
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Pg. 1 Sarah Allison Takash ACC 350,
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Page 11 and 12: Pg. 9 Sarah Allison Takash ACC 350,
Page 13 and 14: Pg. 11 Sarah Allison Takash ACC 350
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 53 and 54: solutions ACC 350 In-Class Problems
Page 55 and 56: Requirements: 1. Determine the plan
Page 59 and 60: Standard: ($42,500 * .50) / 15,000
Page 61: Solutions Milwaukee Company Problem
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
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(WIP) ACC 350 Exam 1 Study Material

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