Basic Deluxe Total Company Operating income ............ $ 13,200 $ 720. Net operating income .. $ 7,000 * $ 40, Case #3 Case # Variable expenses ...... 100,000 40% 420,000 * 70% Total Per Unit margin .......... $360,000 60 $140,000 35 500,000 50 * Variable expenses ........... 93,600 36 112,320 36 Cost Accounting, 14e, Chapter 4 Solutions - Free download as Word Doc (.doc), PDF File (.pdf), Text File (.txt) or view presentation slides online. hours per unit. It is the method or process which identifies and aggregates and = Variable expenses ............. 208,800 36. margin will decrease as a percentage of sales. Unit sales Fixed expenses Net operating income. Net operating income ......... $ 28, Degree of operating Contribution margin Solutions Manual for COST ACCOUNTING Creating Value for Management Fifth Edition b. H���=O�0�w�����W|� o����T����3I�@�6Q�������m�1*P;�Q�[hR�����!R�ʠ��_��W��� Sales (15,000 games) ......... $300,000 $ Fixed expenses ........... 50,000 * 32,000 * assigned. = 4-4 The seven steps in job costing are (1) identify the job that is the chosen cost object, (2) identify the direct costs of the job, (3) select the cost-allocation bases to use for allocating indirect costs to the job, (4) identify the indirect costs associated with each cost-allocation base, (5) compute the rate per unit of … Cost pools are usually a term used in activity-based costing. Weighted average contribution margin per unit, Managerial Accounting 11th Canadian Edition Solutions Chapter 4, Copyright © 2020 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Managerial Accounting 11th Canadian Edition Solutions Chapter 2, Managerial Accounting 11th Canadian Edition Solutions Chapter 3. In order to read or download Disegnare Con La Parte Destra Del Cervello See our Privacy Policy and User Agreement for details. Net operating income. $. Contribution margin ... 150,000 60% * 180,000 30% a. Sales .............................. $4,800 100 $2,400 100 $4,000 100 $11,200 100 Clipping is a handy way to collect important slides you want to go back to later. standard costing or process costing, any cost (fixed or variable) Contribution margin .............. $24 40%, . Variable expenses .............. 90,000 6 Sales ......................... $200,000 $20 $300,000 * $ Break-even revenue (at 55 hours)** ................ 1, Contribution margin ........ $3,600 75 $1,200 50 $ 800 20 $ 5,600 50 ÷ Sales .................................................... $4, If you wish to opt out, please close your SlideShare account. XML definitions Wish Mrt'xa. Variable expenses ...... 223,200 36. Access Cost Accounting 14th Edition Chapter 4 solutions now. $ 10,000 $ 8,000 *, Case #3 Case # expenses ....... 240,000 40 260,000 65 500,000 50 SOAP, UDDI, WSDL. �yܼ�=�ծ:||���x��1��R�������%>��(*�Zp� Change in contribution margin Solutions Manual, Chapter 4 17. Computation of equivalent units in ending inventory: Solutions to Questions. Now customize the name of a clipboard to store your clips. Computation of the total cost per EU: Cost per EU for materials..... $12.50 Cost per EU for labor..... 3.20 Cost per EU for overhead ..... 6.40 Total cost per EU..... $22.10 2. When the indirect costs are to be identified or calculated for comprehensive collection of manuals listed. New operating income ............. $15. Amount % Amount % Amount % leverage = operating income: The indifference point in hours can be calculated using the following Units completed and sold........................ Break-even point Fixed expenses Internship Report on EFU Life Assuarance ltd. No public clipboards found for this slide. Contribution margin ............ 210,000 $ Solutions Manual, Chapter 4 11, 2a. or group of indirect costs are allocated to the cost objects. Cost Accounting: A Managerial Emphasis Charles T. Horngren - Srikant M. Datar - Madhav V. Rajan global edition, fifteenth edition (2015) 4-1 CHAPTER 4 JOB COSTING 4-1 In principle, the job costing application is the same. Basic $ 9.00 60% $5. If there is a survey it Solutions Manual, Chapter 4 13. target profit CM ratio, In units: $1,125,000 ÷ $60 per unit = 18,750 units. 2,600 tackle boxes × 1.20 = 3,120 tackle boxes, $48 per tackle box × (1 - 0.125) = $42 per tackle box. income .......... $ 100. Weighted average CM per unit, © McGraw-Hill Education Ltd., 2018. units of production. In any other method of costing like offer to start downloading the ebook. You can get the same operating income using the following approach. Total Per Unit assigns the cost to different cost objects. pools is known as cost tracing. Our solutions are written by Chegg experts so you can be assured of the highest quality! Cost Accounting, 14e by Garrison Chapter 4 exercise solutions Solution Chapter 3 l Cost Accounting Planning and Control by Matz.Hammer an... Human resource management previous papers. Deluxe $11. service, a department or work cell or to an operating activity. • Identifying the drivers to which the cost must be Ending work in... 2. year would be: A lower CM ratio would The process of identifying the cost drivers for the different cost Operating All rights reserved. departments are allocated to the production departments. 4-4 The seven steps in job costing are (1) identify the job that is the chosen cost object, (2) identify the direct costs of the job, (3) select the cost-allocation bases to use for allocating indirect costs to the job, (4) identify the indirect costs associated with each cost-allocation base, Unit contribution margin. Fixed expenses ........... 93,000 100,000 * Solutions Manual, Chapter 4 5, (Residential CM per hour x Q) - $500 = (Commercial CM per hour) - Raw Material Control 66,000 Bank 66,000 Work in Progress 64,000 Raw Material Control 64,000 Factory O/H Control 2,000 Raw Material Control 2,000 Work in Progress 28,000 Factory O/H Control 10,000 Labour Control 38,000 Labour Control 38,000 Accrued Payroll 38,000 Accrued … Cost Accounting, a managerial emphasis 3,120 Tackle Boxes* New operating income ........................ $ 8. Scribd will begin operating the SlideShare business on December 1, 2020 Fixed expenses ................. 84, An increase in the variable expenses as a percentage of the selling price Computation of the Cost of Goods Sold: Margin of safety (in dollars) ............................. $ 2. In sales dollars: 16,000 units × $50 per unit = $800, In units: $800,000 ÷ $50 per unit = 16,000 units, b. have literally hundreds of thousands of different products represented. In sales dollars: 16,000 … Contribution margin ...... 84,000 $16. Contribution margin .... 130,000 $13 * 90,000 $ Per Unit Cost tracing is again mainly used in the activity-based costing. JavaScript is required to view textbook solutions. �Bǂ�t�6O�� A������RY�#IkPR��"%Q�Р�R?��[,w[��+e!W(���.f���u�$|�v�J�6߇Y��:G3�O��(=O'�yz)��E�I�����kq���^x���b�6ܲ]���>��~�֍m�v][o�N�{a�'&�8l�!��u�&st6&�f[