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After reviwing the terms and definitions identified in the “Principles of Professional Conduct” section of the preamble to the AICPA

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After reviwing the terms and definitions identified in the “Principles of Professional Conduct” section of the preamble to the AICPA Professional Code of Conduct. Select one of the principles (e.g., responsibilities, public interest, integrity, objectivity and independence, due care, or scope and nature of services) and compare a current event that demonstrates that principle being threatened or otherwise not adhered to.

 
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Determine the per-unit factory overhead allocated to the gasoline and diesel engines

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I need to b. Determine the per-unit factory overhead allocated to the gasoline and diesel engines under the multiple production department factory overhead rate method, using direct labor hours as the activity base for each department. If required, round all per-unit answers to the nearest cent.he management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication and Assembly. Management needs accurate product cost information in order to guide product strategy. Presently, the company uses a single plantwide factory overhead rate for allocating factory overhead to the two products. However, management is considering the multiple production department factory overhead rate method. The following factory overhead was budgeted for Firebolt:

1

Fabrication Department factory overhead

$561,600.00

2

Assembly Department factory overhead

241,500.00

3

Total

$803,100.00

Direct labor hours were estimated as follows:

Fabrication Department4,800hoursAssembly Department5,250

Total10,050hours

In addition, the direct labor hours (dlh) used to produce a unit of each product in each department were determined from engineering records, as follows:

Production DepartmentsGasoline EngineDiesel EngineFabrication Department3.1 dlh1.8 dlhAssembly Department1.83.1Direct labor hours per unit4.9 dlh4.9 dlh

 
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Train Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVs), the Mountain Monster and Desert Dragon

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owerTrain Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVs), the Mountain Monster and Desert Dragon, from a single manufacturing facility. The manufacturing facility operates at 100% of capacity. The following per-unit information is available for the two products:

1

Mountain Monster

Desert Dragon

2

Sales price

$5,400.00

$5,300.00

3

Variable cost of goods sold

3,255.00

3,400.00

4

Manufacturing margin

$2,145.00

$1,900.00

5

Variable selling expenses

1,065.00

946.00

6

Contribution margin

$1,080.00

$954.00

7

Fixed expenses

485.00

305.00

8

Income from operations

$595.00

$649.00

In addition, the following sales unit volume information for the period is as follows:

Mountain Monster

Desert Dragon

Sales unit volume5,3005,150

Required:

a. I need a contribution margin by product report. Calculate the contribution margin ratio for each. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.

The Amount Descriptions List:

Contribution margin

Contribution margin ratio

Cost of goods sold

Fixed expenses

Gross profit

Manufacturing margin

Revenues

Variable cost of goods sold

Variable selling expenses

(I need to put together kind of like a journal, it has 7 lines but I don’t input anything on the first line so 6 lines).

 
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ACC207 After Class Exercise – Chapter 5 Activity Based Costing

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ACC207Afer Class Exercise – Chapter 5AcTvity Based CosTngName ______________________________________Due 02/11 by 9 AM.Afer class exercises are to be completed on anINDIVIDUAL BASIS!Ways tosubmit this are to slide it under my door (Webster 217) or email completed word Fle tom.west@snhu.edu.Burn Not Sunscreen company is thinking about using AcTvity Based CosTng.±hey would like to comparethe simple system they are using with an ABC system.Burn Not produces two products, SP²30 andSP²45±he ³ollowing in³ormaTon relates to Burn Not.SP² 30SP² 45Units sold25,00035,000Selling Price$12.00$10.00Direct materials per unit$3.00$2.25Direct Labor cost per unit$1.40$1.50ProducTon runs2027Material moves5059Machine set ups1621Number o³ inspecTons1012Machine hours2,0003,000INDIREC± COS±S:AcTvityAcTvity costAcTvity cost driverProducTon scheduling$30,000ProducTon runsMaterial handling$25,000Material movesAssembly cost$165,000Machine hoursMachine set up$13,000Machine set upsInspecTon$50,000Number o³ inspecTonsUnder the Simple system, the Indirect costs were simply allocated to the product based onmachinehours1.How much is the indirect cost rate per machine hour._________________________2.Calculate the ±O±AL cost o³ the SP² 30 and SP²45 and the unit costunder a simple cost system.SP²30SP²45DM costDL cost²actory overhead±otal Cost/ units sold±otal Cost per unit

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