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Murri Corporation has an activity-based cos...
Business, 24.03.2020 05:24, jesusdelao
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Murri Corporation has an activity-based costing system with three activity cost pools-Processing, Supervising, and Other. The company's overhead costs, which consist of factory utilities and indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources. Costs in the Processing cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the other cost pool are not assigned to products. Data concerning the two products and the company's costs and activity-based costing system appear below:
Factory Utilities(total): 29000
Indirect Labor(total): 7000
Distribution of Resource Consumption Across Activity Cost Pools:
Processing Setting Up Other Processing Setting up Other
Factory Utilities .4 .1 .5
Indirect Labor .5 .2 .3
MHs Batches
Product X7 2,900 700
Product L4 7,100 300
TOTAL 10,000 1,000
Product X7 Product L4
Sales (total) $54,000 $85,100
Direct Materials (total) $19,100 $33,500
Direct Labor (total) $26,300 $35,000
a) Assign overhead cost to activity cost pools using activity-based costing.
b) Calculate activity rates for each activity cost pool using activity-based costing.
c) Determine the amount of overhead cost that would be assigned to each product using activity-based costing.
d) How much out of the cost would NOT be assigned to products using the activity-based costing system?
e) Determine the product margins for each product using activity-based costing.
Answers: 3
Business, 22.06.2019 03:30, emmanuelcampbel
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Answers: 3
Business, 22.06.2019 07:30, xmanavongrove55
Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a. what is the firm’s labor demand function? b. if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c. now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]
Answers: 3
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