Case 18 - 1 Problems in Full Cost Accounting

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BM 220 -- MANAGEMENT ACCOUNTING AND CONTROL

Answers: B.Campfire Outfitters Drivers Cost Centers Purchasing Cost 450 675.00 3,600 72.00 75.00 1,600.00 225.00 Engineering Cost 650 975.00 5,200 104.00 125.00 3,200.00 375.00 Backpacks Cost 800 1,200.00 7,200 144.00 250.00 700.00 125.00 661.75 1,194.75 4,275.50 625 6.84 875 6.20 Tents Cost 1,100 1,650.00 9,900 198.00 200.00 700.00 75.00 926.45 1,672.65 5,422.10 1,000 5.65 Sleeping Bags Cost 1,000 1,500.00 9,100 182.00 150.00 750.00 100.00 1,058.80 1,911.60 5,652.40 2,500 Total 4,000 = (sqft / total sq ft) x 6000 35,000 =(c. Ft / total c.ft )x700

Square feet - Rent Cubic feet - Heating Cost Electricity Indirect Labor Supplies Purchasing Engineering Total Cost

2,647 =( DL/ DL total )x total purch. Cost 4,779

2,647.00

4,779.00

Direct Labor hours Overhead rate per Direct labor per unit Rent Heating cost 6,000.00 700.00

Answers: C. Brainerd Company Drivers Data Processing Cost 1,875.00 Library Services Information Retrieval Cost 8,125.00 Cost 5,000.00 Cost Centers Report Writing Cost 5,000.00 1,200 300 1,500 6,800.00 112.50 1,900.00 8,812.50 2,900.00 487.50 250.00 3,637.50 750.00 300.00 1,050 300.00 300 4,000.00 5,500 1,400 1,925.00 8,400 11,550 13800 375.00 150.00 525.00 2,400 750 3,150 Project A Project B Project C Total

Square feet - Rent Expense Direct information retrieval labor Direct report preparation 1.) Total Direct Cost Indirect labor Utilities expense Other cost 2.) Total Indirect Cost 3.) Indirect labor rates 4.) Full Costs per project

1,500

6,500

4,000

4,000

16000

Direct Labor hours - information retrieval labor Direct Labor hours -report preparation Total Direct labor hours Overhead rate per Direct labor per unit Rent Expense Utilities Expense Total Indirect labor cost

80 20.00 100.00 formula 20000 Sq ft / total sq ft x 20,000.00 1200 Sq ft / total sq ft x 1,200.00 13,800.00 DL hrs per project/ total DL hrs x 13,800.00

25.00 10 35

160 50 210

345

5.)...
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