INTMD MANAGERL ACCT
INTMD MANAGERL ACCT ACCT 383
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This 1 page Class Notes was uploaded by Amparo Flatley on Sunday September 27, 2015. The Class Notes belongs to ACCT 383 at Iowa State University taught by Staff in Fall. Since its upload, it has received 15 views. For similar materials see /class/214476/acct-383-iowa-state-university in Accounting at Iowa State University.
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Date Created: 09/27/15
Chapter 7 Review Company Manufactures kits for sh ponds The new ABC system includes the following cost pools cost drivers and estimated costs for manufacturing activities Activity Cost Driver Cost Allocation Rate Material handling Number of parts 100 per part Forming Molding hours 4000 per hour Molding setup Number of batches 5000 per batch Packing and shipping Weight 135 per pound Inspection Finished kits 1000 per kit Direct labor Finished kits 2000 per kit Direct materials Finished kits 10000 per kit The company manufactures 10 kits per batch Each kit requires 20 parts and two hours in molding and weighs 30 pounds A Calculate the total ABC manufacturing cost per batch B Calculate the total ABC cost per f1nished kit C Suppose the managers want to allocate marketing costs and customer service to each product Total marketing costs for the period were 15000 and customer service costs were 25000 Number of batches produced was 1000 Calculate the total ABC costs per batch and cost per kit including the costs of marketing and customer service
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