The document discusses implementing an activity-based costing system for Gallatin Carpet Cleaning. The company has four cost pools: cleaning carpets, travel to jobs, job support, and other costs. Total annual costs are $430,000. Costs are allocated to the pools based on resource consumption. An example job is analyzed that had $140 revenue but required 75 miles of travel, and it is concluded that remote jobs may not be profitable at the current flat rate pricing. Future pricing should account for travel costs to ensure profitability on all jobs.
We are the most advanced and awarded company in Australia. We have a large quantity of Car Hoist and designs, for car lift, vehicle hoist, and hoist save parts.
We are the most advanced and awarded company in Australia. We have a large quantity of Car Hoist and designs, for car lift, vehicle hoist, and hoist save parts.
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Aspects of Employment and Environment Paper and PowerPoint You are an accountant at a small accounting firm. One of your clients is looking to open a small river-rafting business. Your client will run the business operations from a mobile home office on a piece of land on the riverbank. Your client must decide the best location to start this business and has asked you to explain the accounting advantages of choosing the best location. Your client is also wondering if the business should build a permanent structure on the land, or use the mobile home they already own. Additionally, your client wants to know the insurance implications of this decision. How would the insurance implications of the location decision change the company’s risks and how might your client use insurance to better manage those risks? As a team, conduct research on three
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OpenText Live: Modeling your business processes to new ways of workingOpenText Portfolio
The COVID-19 pandemic has significantly impacted workplaces and workforces globally, effecting production, distribution, delivery and sales. It has transformed the way we work, forcing business to evaluate, explore and hopefully improve its business processes. OpenText ProVision is an end-to-end solution for enterprise and business architecture and business process analysis that enables the transformation and improvement of business processes, by allowing you to translate business strategy and operational objectives into successful enterprise change.
Join this webinar to learn how to model your business process to new ways of working, and learn how to communicate process changes and plans by leveraging a single source of truth within your organization, allowing for collective decision making. Understand how process modeling can turn ideas into action by quickly collaborating on changes and projections of working environments.
Encoursa Webinar: Developing Your First Cost and Price ProposalRobert E Jones
Contracts subject to the submission of cost or pricing data, (flexibly-priced contracts), require an acceptable basis of estimate including hours and dollars by line item, time-phased to match the project schedule, and sufficient detail to support the effort proposed. This course will dive into the complexity of those details and show you how to maximize profit and ensure regulatory compliance by preparing an adequate basis of estimate for every contract, regardless of type, when developing your cost and price proposal.
Proposal Template For Payroll Services PowerPoint Presentation SlidesSlideTeam
If your company needs to submit a Proposal Template For Payroll Services PowerPoint Presentation Slides look no further. Our researchers have analyzed thousands of proposals on this topic for effectiveness and conversion. Just download our template, add your company data and submit to your client for a positive response. http://bit.ly/32bWZlR
Target Costing and PricingExercise 8 Lovebug Company has de.docxjosies1
Target Costing and Pricing
Exercise 8:
Lovebug Company has determined that its new automotive hood screen would gain widespread customer acceptance if the company could price it at or under $30.
Anticipated labor hours and costs for each unit of the new product follow.
Direct Materials Cost
$5
Direct labor cost
Manufacturing labor:
Hours
0.2
Hourly labor rate
$10
Assembly labor:
Hours
0.5
Hourly labor rate
$15
Machine hours
1
The company currently uses the following three activity-based cost rates:
Machine handling
$0.30 per dollar of direct materials
Production
$5.00 per machine hour
Product delivery
$0.50 per unit
The company’s minimum desired profit is 40 percent over total production and delivery cost.
Compute the target cost for the new hood screen, and determine if the company should market it (Round to two decimal places).
Problem 5
Developing Transfer Prices
Sand Company has two divisions, Glass Division and Instrument Division.
For several years, Glass Division has manufactured a special glass container, which it sells to Instrument Division at the prevailing market price of $20.
Glass Division produces the glass containers only for Instrument Division and does not sell the product to outside customers.
Annual production and sales volume is 20,000 containers.
A unit cost analysis for Glass Division follows.
Cost Categories
Costs per Container
Direct Materials
$3.50
Direct labor, 1/4 hour
2.3
Variable overhead
7.5
Avoidable fixed costs: $30,000/20,000 units
1.5
Corporate overhead: $3.60 per direct labor hour
4.5
Variable shipping costs
1.2
Unit Cost
$20.50
Corporate overhead represents the allocated joint fixed costs of production- building depreciation, property taxes, insurance, and executives’ salaries.
A profit markup of 20 percent is used to determine transfer prices.
REQUIRED:
What would the appropriate transfer price for Glass Division to use in billing its transactions with Instrument Division?
If Glass Division decided to sell some containers to outside customers, would your answer to requirement 1 change?
Defend your response.
What factors concerning transfer price should management consider when transferring products between divisions?
Exercise 4:
Measures of Quality in a Service Business
Rehab Health Care, LLC, incurred the service-related activity costs for the month that follow.
Total sales
$40,000
Customer complaint processing
1,000
Employee training
400
Reinspection and retesting
500
Design review of service procedures
300
Technical support
200
Investigation of service defects
800
Sample testing of vendors
100
Inspection of supplies
150
Quality audits
250
Quality-related downtime
300
Prepare an analysis of the costs of quality for Rehab Health Care.
Categorize the costs as (a) costs of conformance, with subsets of prevention costs and appraisal costs, or (b) costs.
This complete presentation has a set of sixty six slides to show your mastery of the subject. Use this ready-made PowerPoint presentation to present before your internal teams or the audience. All presentation designs in this Expense Management PowerPoint Presentation Slides have been crafted by our team of expert PowerPoint designers using the best of PPT templates, images, data-driven graphs and vector icons. The content has been well-researched by our team of business researchers. The biggest advantage of downloading this deck is that it is fully editable in PowerPoint. You can change the colors, font and text without any hassle to suit your business needs. http://bit.ly/39vrTIB
Chamberlain college-of-nursing nr 447 week 4 assignment nursing care models p...mybrands1
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¬For more classes visits
www.snaptutorial.com
Aspects of Employment and Environment Paper and PowerPoint You are an accountant at a small accounting firm. One of your clients is looking to open a small river-rafting business. Your client will run the business operations from a mobile home office on a piece of land on the riverbank. Your client must decide the best location to start this business and has asked you to explain the accounting advantages of choosing the best location. Your client is also wondering if the business should build a permanent structure on the land, or use the mobile home they already own. Additionally, your client wants to know the insurance implications of this decision. How would the insurance implications of the location decision change the company’s risks and how might your client use insurance to better manage those risks? As a team, conduct research on three
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OpenText Live: Modeling your business processes to new ways of workingOpenText Portfolio
The COVID-19 pandemic has significantly impacted workplaces and workforces globally, effecting production, distribution, delivery and sales. It has transformed the way we work, forcing business to evaluate, explore and hopefully improve its business processes. OpenText ProVision is an end-to-end solution for enterprise and business architecture and business process analysis that enables the transformation and improvement of business processes, by allowing you to translate business strategy and operational objectives into successful enterprise change.
Join this webinar to learn how to model your business process to new ways of working, and learn how to communicate process changes and plans by leveraging a single source of truth within your organization, allowing for collective decision making. Understand how process modeling can turn ideas into action by quickly collaborating on changes and projections of working environments.
Encoursa Webinar: Developing Your First Cost and Price ProposalRobert E Jones
Contracts subject to the submission of cost or pricing data, (flexibly-priced contracts), require an acceptable basis of estimate including hours and dollars by line item, time-phased to match the project schedule, and sufficient detail to support the effort proposed. This course will dive into the complexity of those details and show you how to maximize profit and ensure regulatory compliance by preparing an adequate basis of estimate for every contract, regardless of type, when developing your cost and price proposal.
Proposal Template For Payroll Services PowerPoint Presentation SlidesSlideTeam
If your company needs to submit a Proposal Template For Payroll Services PowerPoint Presentation Slides look no further. Our researchers have analyzed thousands of proposals on this topic for effectiveness and conversion. Just download our template, add your company data and submit to your client for a positive response. http://bit.ly/32bWZlR
Target Costing and PricingExercise 8 Lovebug Company has de.docxjosies1
Target Costing and Pricing
Exercise 8:
Lovebug Company has determined that its new automotive hood screen would gain widespread customer acceptance if the company could price it at or under $30.
Anticipated labor hours and costs for each unit of the new product follow.
Direct Materials Cost
$5
Direct labor cost
Manufacturing labor:
Hours
0.2
Hourly labor rate
$10
Assembly labor:
Hours
0.5
Hourly labor rate
$15
Machine hours
1
The company currently uses the following three activity-based cost rates:
Machine handling
$0.30 per dollar of direct materials
Production
$5.00 per machine hour
Product delivery
$0.50 per unit
The company’s minimum desired profit is 40 percent over total production and delivery cost.
Compute the target cost for the new hood screen, and determine if the company should market it (Round to two decimal places).
Problem 5
Developing Transfer Prices
Sand Company has two divisions, Glass Division and Instrument Division.
For several years, Glass Division has manufactured a special glass container, which it sells to Instrument Division at the prevailing market price of $20.
Glass Division produces the glass containers only for Instrument Division and does not sell the product to outside customers.
Annual production and sales volume is 20,000 containers.
A unit cost analysis for Glass Division follows.
Cost Categories
Costs per Container
Direct Materials
$3.50
Direct labor, 1/4 hour
2.3
Variable overhead
7.5
Avoidable fixed costs: $30,000/20,000 units
1.5
Corporate overhead: $3.60 per direct labor hour
4.5
Variable shipping costs
1.2
Unit Cost
$20.50
Corporate overhead represents the allocated joint fixed costs of production- building depreciation, property taxes, insurance, and executives’ salaries.
A profit markup of 20 percent is used to determine transfer prices.
REQUIRED:
What would the appropriate transfer price for Glass Division to use in billing its transactions with Instrument Division?
If Glass Division decided to sell some containers to outside customers, would your answer to requirement 1 change?
Defend your response.
What factors concerning transfer price should management consider when transferring products between divisions?
Exercise 4:
Measures of Quality in a Service Business
Rehab Health Care, LLC, incurred the service-related activity costs for the month that follow.
Total sales
$40,000
Customer complaint processing
1,000
Employee training
400
Reinspection and retesting
500
Design review of service procedures
300
Technical support
200
Investigation of service defects
800
Sample testing of vendors
100
Inspection of supplies
150
Quality audits
250
Quality-related downtime
300
Prepare an analysis of the costs of quality for Rehab Health Care.
Categorize the costs as (a) costs of conformance, with subsets of prevention costs and appraisal costs, or (b) costs.
This complete presentation has a set of sixty six slides to show your mastery of the subject. Use this ready-made PowerPoint presentation to present before your internal teams or the audience. All presentation designs in this Expense Management PowerPoint Presentation Slides have been crafted by our team of expert PowerPoint designers using the best of PPT templates, images, data-driven graphs and vector icons. The content has been well-researched by our team of business researchers. The biggest advantage of downloading this deck is that it is fully editable in PowerPoint. You can change the colors, font and text without any hassle to suit your business needs. http://bit.ly/39vrTIB
Chamberlain college-of-nursing nr 447 week 4 assignment nursing care models p...mybrands1
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How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
The Art Pastor's Guide to Sabbath | Steve Thomason
Ash bus 630 week 3 dq 2 profitability
1. BUS 630 Week 3 DQ 2 Profitability
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Complete the following exercise and respond
to at least two of your fellow students'
postings. Gallatin Carpet Cleaning is a small,
family-owned business operating out of
Bozeman, Montana. For its services, the
company has always charged a flat fee per
hundred square feet of carpet cleaned. The
current fee is $28 per hundred square feet.
However, there is some question about
whether the company is actually making any
money on jobs for some customers-
particularly those located on remote ranches
that require considerable travel time. The
owner's daughter, home for the summer from
college, has suggested investigating this
question using activity-based costing. After
2. some discussion, a simple system consisting of
four activity cost pools seemed to be adequate.
The activity cost pools and their activity
measures appear below:
Activity Cost Pool
Activity
Measure
Activity
for the
Year
Cleaning carpets
Square
feet
cleaned
(00s)
20,000
hundred
square
feet
Travel to jobs
Miles
driven
60,000
miles
Job support
Number of
jobs
2,000 jobs
Other (costs of idle
capacity and
organization-sustaining
costs)
None
Not
applicable
The total cost of operating the company for the
3. year is $430,000, which includes the following
costs:
Wages
$
150,000
Cleaning
supplies 40,000
Cleaning
equipment
depreciation
20,000
Vehicle
expenses 80,000
Office expenses
60,000
President's
compensation 80,000
$
430,000
Resource consumption is distributed across
the activities as follows:
Distribution
of Resource
5. Job support consists of receiving calls from
potential customers at the home office,
scheduling jobs, billing, resolving issues, and
so on.
• Using Exhibit 7-5 as a guide, prepare the
first-stage allocation of costs to the activity
cost pools.
• Using Exhibit 7-6 as a guide, compute the
activity rates for the activity cost pools.
• The company recently completed a 5
hundred square foot carpet -cleaning job
at the Flying N ranch--a 75-mile round-trip
journey from the company's offices in
Bozeman. Compute the cost of this job
using the activity-based costing system.
• The revenue from the Flying N ranch was
$140 (5 hundred square feet @ $28 per
hundred square feet). Using Exhibit 7-11
as a guide, prepare a report showing the
margin from this job.
• What do you conclude concerning the
profitability of the Flying N ranch job?
Explain.
6. • What advice would you give the president
concerning pricing jobs in the future?
7. • What advice would you give the president
concerning pricing jobs in the future?
