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Overhead 12,240 Total 122,400 2. The company's actual labor cost is $102,000 for Procedure 1. Determine the actual cost of direct labor, direct materials, and overhead for each procedure, and the total cost of production for each procedure. Cost makeup of Procedure 1: Direct Labor Direct Materials Overhead Total Cost makeup of Procedure 2: Direct Labor Direct Materials Overhead Total 3. The company is planning a CSR initiative to recvde the indirect materials used in production during Procedure 1. The company is paid for any of the t Indirect materials it recycles, and it applies the income from these payments as a direct offset to the cost of the direct materials. These indirect materials normally makeup 80% of the overhead cost for Procedure 1. Determine what the maximum new cost (net of recycling revenues) of these indirect materials could be for Procedure 1 If this CSR initiative were to enable the company to mest its target gross profit percentage without changing
Cost makeup of Procedure 2:1 Direct Labor Direct Materials Overhead Total 3. The company is planning a CSR initiative to recycle the indirect materials used in production during Procedure 1. The company is paid for any of the indirect materials it recycles, and it applies the income from these payments as a direct offset to the cost of the direct materials. These indirect materials normally makeup 80% of the overhead cost for Procedure 1. Determine what the maximum new cost (net of recycling revenues) of these indirect materials could be for Procedure 1 if this CSR initiative were to enable the company to meet its target gross profit percentage without changing any other costs. Maximum new cost of P1 overhead materials: Check My W Strategic initiatives are action plans that management implements to achieve the strategic objectives. In other words, strategic objectives are different goals a company wants to achieve, and strategic initiatives are the plans a company makes to achieve those goals. Companies can use the balanced scorecard to address CSR objectives in a variety of ways. One way is to include CSR objectives and activities in a separate CSR performance perspective. Check My Work
ps://v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invokern&takeAssignmentSessionLocator &inprogress.... Sign in amework eBook Show Me How Profit Center Responsibility Reporting Championship Sports Inc. operates two divisions-the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 2019, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted: Sales-Winter Sports Division Sales-Summer Sports Division $31,920,000 35,264,000 19,152.000 Cost of Goods Sold-Winter Sports Division Cost of Goods Sold-Summer Sports Division 20,368,000 Sales Expense-Winter Sports Division 5,472,000 Sales Expense-Summer Sports Division 4,864,000 Administrative Expense-Winter Sports Division 3,192,000 Administrative Expense-Summer Sports Division 3.131.200 Advertising Expense 1.100,000 Transportation Expense 441,000 Accounts Receivable Collection Expense 197,400 Warehouse Expense 3.040.000 The bases to be used in allocating expenses, together with other information are as follows & Advertising expense-incurred at headquarters, allocated to divisions on the basis of usage: Winter Sports Division, $320,000: Summer Spor Division, $588,000 Transportation eiperse-alocated to dislers at a rate of $15 per bill of lading winter Sports Division, 14,000 bill of lading: Summer Sports Division 15.400 bile of lading
1Chegg.com ww.com/ilm/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator-&inprogress... A & Sign in eBook Show Me How Transportation Expense 441,000 Accounts Receivable Collection Expense 197,400 Warehouse Expense 3,040,000 The bases to be used in allocating expenses, together with other information, are as follows: a. Advertising expense-incurred at headquarters, allocated to divisions on the basis of usage: Winter Sports Division, $520,000; Summer Sports Division, $588,000. b. Transportation expense-allocated to divisions at a rate of $15 per bill of lading: Winter Sports Division, 14,000 bills of lading: Summer Sports Division, 15,400 bills of lading. c. Accounts receivable collection expense-incurred at headquarters, allocated to divisions at a rate of $7 per invoice: Winter Sports Division, 13,000 sales invoices; Summer Sports Division, 15,200 sales invoices. d. Warehouse expense-allocated to divisions on the basis of floor space used in storing division products: Winter Sports Division, 140,000 square feet; Summer Sports Division, 180,000 square feet. Prepare a divisional income statement with two column headings: Winter Sports Division and Summer Sports Division. Do not round your interim calculations. Championship Sports Inc. Divisional Income Statements, For the Year Ended December 31, 20Y9 Summer Sports Division Sales 35264.000 ✓ Cost of goods sold 20.565.000 Gross profit Winter Sports Division $1.920,000 ✓ 19.152.000 www
WORK eBook Show Me How Championship Sports Inc. Divisional Income Statements For the Year Ended December 31, 2019 Sales Cost of goods sold Gross profit Divisional selling and administrative expenses: Divisional selling expenses Divisional administrative expenses Total divisional selling and administrative expenses Operating income before support department allocations Support department allocations: Advertising expense Transportation expense Accounts receivable collection expense Warehouse expense Total support department affocations Operating income Check My Work Winter Sports Division 31,920.000 ✓ 19.152.000✔ 12.760.000 5.472.000 3.192.000 ✔ 8664000✔ 4104.000 520.000 210.000 $1000 1.350.000 2451.000 2911000 Summer Sports Division 35.264,000 20,368,000 14.395.000 4.564.000 1.131.200 7,995.200 ✓ 6.900.000✔ 188.000 211.000✔ 106.400 1710000✔ 2835400 421,400✔
www.gmanem.mmain.c.convoker takeAssignmentSessionLocator &inprogress. A & Show Me How eBook Provide supporting schedules for determining support department allocations. If required, round per unit amounts to two decimal places and final answers to the nearest dollar. Championship Sports Inc. Support Department Allocations For the Year Ended December 31, 20Y9 Winter Sports Division Summer Sports Division Total Advertising expense 520,000 ✓ 588.000 ✓ 1.108.000 ✓ Transportation rate per bill of lading Number of bills of lading Transportation expense 210.000 231.000 441.000 Accounts receivable collection rate Number of sales invoices Accounts receivable collection expense 91,000 106.400 ✓ 197,400✔ Warehouse rate per sq. ft. Number of square feet Warehouse expense 1.350.000 ✓ 1.710.000 ✔ Feedback Check My Wer 3.040.000
Print Item Cost of quality report A quality control activity analysis indicated the following four activity costs of a hotel: Inspecting cleanliness of rooms Processing lost customer reservations $87,400 174,800 Rework incorrectly prepared room service meal 131,100 43,700 Employee training Total $437,000 Sales are $4,600,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. X Open spreadsheet Prepare a cost of quality report. Round the percents of total quality cost to the nearest whole number and the percents of total sales to one decimal place. Cost of Quality Report Quality Cost Classification Quality Cost Percent of Total Sales Percent of Total Quality Cost 10 0.9 X 43,700 20 ✔ 1.9✔ *A* Prevention
Quality Cost Classification Percent of Total Quality Quality Cost Cost 10 ✓ 43,700 20 ✓ 87,400 30 ✔ 131,100. 40 ✓ 174,800 ✓ 100 ✓ 437,000 ✓ % Check My Work Classify each activity as either prevention, appraisal, internal failure or external failure. List the cost of each activity in a column called quality cost. In a separate column, determine the percent of each cost as compared to the total costs by dividing individual quality cost by the total. In another column, determine the percent of each cost as compared to total sales by dividing individual quality cost by the total sales amount. Stotal quality cost column should total to 100% Prevention. Appraisal Internal failure External failure Total Cost of Quality Report Feedback % % Percent of Total Sales 0.9 X % 1.9 ✔ 2.9✔ 96 3.8 ✔ % 29 X
Process Activity Analysis The Brite Beverage Company bottles soft drinks into aluminum cans. The manufacturing process consists of three activities: 1. Mixing: water, sugar, and beverage concentrate are mixed. 2. Filling: mixed beverage is filled into 12-oz. cans. 3. Packaging: properly filled cans are boxed into cardboard "fridge packs." The activity costs associated with these activities for the period are as follows: Mixing $505,000 Filling 447,500 4 Packaging 97,500 Total $1,050,000 The activity costs do not include materials costs, which are ignored for this analysis. Each can is expected to contain 12 ounces of beverage. Thus, after being filled, each can is automatically weighed. If a can is too light, it is rejected, or "kicked," from the filling line prior to being packaged. The primary cause of kicks is heat expansion. With heat expansion, the beverage overflows during filling, resulting in underweight cans. This process begins by mixing and filling 7,800,000 cans during the period, of which only 7.500.000 cans are actually packaged. 300,000 cans are rejected due to underweight licks. A process Improvement team has determined that cooling the cans prior to filling them will reduce the amount of overflows due to expansion. After this improvement, the number of kicks is expected to decline from 300.000 cans to 75,000 cans, thus increasing the number of filled cans to 7.725.000 (7,500,000-(300,000-75,000). a. Determine the total activity cost per packaged can under present operations. Round to the nearest cent. 0.14 per can
weighed. If a can is too light, it is rejected, or "kicked," from the filling line prior to being packaged. The pr ur Deverage. The cause of kicks is heat expansion. With heat expansion, the beverage overflows during filling, resulting in underweight cans. This process begins by mixing and filling 7,800,000 cans during the period, of which only 7,500,000 cans are actually packaged. 300,000 cans a rejected due to underweight kicks. A process improvement team has determined that cooling the cans prior to filling them will reduce the amount of overflows due to expansion. Aft improvement, the number of kicks is expected to decline from 300,000 cans to 75,000 cans, thus increasing the number of filled cans to 7,725,0m [7,500,000+ (300,000 - 75,000)]. < a. Determine the total activity cost per packaged can under present operations. Round to the nearest cent. $ 0.14 per can b. Determine the amount of increased packaging activity costs from the expected improvements. $ 0.013 X c. Determine the expected total activity cost per packaged can after mprovements. Round to three decimal places. $ per can Feedback N Check My Work Check My Work Previous