Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $1,935 Training of machine operators
Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $1,935 Training of machine operators 732 Processing returned products 1,029 Scrap process (disposal) 581 Rework 1,169 Preventative maintenance 709 Product design 421 Warranty
work 702 Finished goods inspection 1,603 From the above schedule of activity costs, determine the prevention costs. Select the correct answer. $5,148 $3,481 $8,881 $5,400 Costello Industries Inc. manufactures only one product. For the year ended December 31,
2014, the contribution margin increased by $16,800 from the planned level of $718,200. The president of Costello Industries Inc. has expressed some concern about such a small increase and has requested a follow-up report. The following data have been gathered
from the accounting records for the year ended December 31, 2014: Actual Planned Difference—Increase (Decrease) Sales $1,425,000 $1,402,200 $22,800 Less: Variable cost of goods sold $540,000 $564,300 $-24,300 Variable selling and administrative expenses 150,000
119,700 30,300 Total $690,000 $684,000 $6,000 Contribution margin $735,000 $718,200 $16,800 Number of units sold 15,000 17,100 Per unit: Sales price $95 $82 Variable cost of goods sold 36 33 Variable selling and administrative expenses 10 7 Required: Hide
1. Prepare a contribution margin analysis report for the year ended December 31, 2014. Costello Industries Inc. Contribution Margin Analysis For the Year Ended December 31, 2014 Planned contribution margin $ Effect of change in sales: Sales quantity factor
$ Unit price factor Total effect of change in sales Effect of changes in variable cost of goods sold: Variable cost quantity factor $ Unit cost factor Total effect of changes in variable cost of goods sold Effect of changes in variable selling and administrative
expenses: Variable cost quantity factor $ Unit cost factor Total effect of changes in variable selling and administrative expenses Actual contribution margin.
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work 702 Finished goods inspection 1,603 From the above schedule of activity costs, determine the prevention costs. Select the correct answer. $5,148 $3,481 $8,881 $5,400 Costello Industries Inc. manufactures only one product. For the year ended December 31,
2014, the contribution margin increased by $16,800 from the planned level of $718,200. The president of Costello Industries Inc. has expressed some concern about such a small increase and has requested a follow-up report. The following data have been gathered
from the accounting records for the year ended December 31, 2014: Actual Planned Difference—Increase (Decrease) Sales $1,425,000 $1,402,200 $22,800 Less: Variable cost of goods sold $540,000 $564,300 $-24,300 Variable selling and administrative expenses 150,000
119,700 30,300 Total $690,000 $684,000 $6,000 Contribution margin $735,000 $718,200 $16,800 Number of units sold 15,000 17,100 Per unit: Sales price $95 $82 Variable cost of goods sold 36 33 Variable selling and administrative expenses 10 7 Required: Hide
1. Prepare a contribution margin analysis report for the year ended December 31, 2014. Costello Industries Inc. Contribution Margin Analysis For the Year Ended December 31, 2014 Planned contribution margin $ Effect of change in sales: Sales quantity factor
$ Unit price factor Total effect of change in sales Effect of changes in variable cost of goods sold: Variable cost quantity factor $ Unit cost factor Total effect of changes in variable cost of goods sold Effect of changes in variable selling and administrative
expenses: Variable cost quantity factor $ Unit cost factor Total effect of changes in variable selling and administrative expenses Actual contribution margin.
Download A+ Rated Solution CLICK HERE
Password shiv for unlock .doc, .xls, .zip file
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