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Activity-Based Essay

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Below is an essay on "Activity-Based" from Anti Essays, your source for research papers, essays, and term paper examples.

LEARNING FREE ONLINE ACCOUNTING (http://www.basiccollegeaccounting.com/) “Dedicated to helping Students & Teachers” Managerial Accounting Test Paper Questions (WITH ANSWERS) On ACTIVITY-BASED COSTING (ABC) E-BOOK

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QUESTION NO 1 Company XYZ has 2 fixed price contracts for 2 different clients. The company has enough capacity for both contracts but is uncertain whether they will be profitable. Data as follows: Customer Component Type Contract Value($) Contract Quantity Material cost/unit Moulding time/batch Batch Size Annual Budgeted overheads as follows: Activity Moulding Inspection Cost Driver Moulding hours Batches Cost driver volume/yr 2,000 150 20 Cost pool $150,000 $75,000 $125,000 AAA A999 $27,000 1,000 unit $15 5 hours 100 units BBB B999 $100,000 2,000 units $20 7.5 hours 50 units

Production Contracts Management Required:

(a) Calculate the activity based costs and profits for each contract (b) Calculate the profit for each job using Absorption costing. Absorb overheads using moulding hours.

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[If you need more questions and answers E-books on subjects like bookkeeping, financial accounting, costing/managerial accounting and financial management, pl visit http://www.basiccollegeaccounting.com ]

LEARNING FREE ONLINE ACCOUNTING (http://www.basiccollegeaccounting.com/) “Dedicated to helping Students & Teachers” Managerial Accounting Test Paper Questions (WITH ANSWERS) On ACTIVITY-BASED COSTING (ABC) E-BOOK

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QUESTION NO. 2 Company XYZ has 6 standard products from stainless steel and brass. The company’s most popular product is Product XX The following are Product XX’s data for next year budget: Activity Purchasing Setting Materials handling Inspection Machining costs Cost Driver Purchase orders Batches produced Materials movements Batches produced Machine hours 25 15,000 units Cost driver Cost volume/yr...

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Activity-Based. Anti Essays. Retrieved December 13, 2018, from the World Wide Web: http://parimatchstavki7.com/free-essays/Activity-Based-600243.html