Exercise 7-15 (Static) Comprehenslve Activity-Based Costing Exercise [LO7-2, LO7-3, LO7-4, LO7-5] Advanced Products Corporation has supplied the following data from its activity-based costing system:...


Exercise 7-15 (Static) Comprehenslve Activity-Based Costing Exercise [LO7-2, LO7-3, LO7-4, LO7-5]<br>Advanced Products Corporation has supplied the following data from its activity-based costing system:<br>Overhead Costs<br>Wages and salaries<br>Other overhead costs<br>$ 300,000<br>100,000<br>$ 400,000<br>Total overhead costs<br>Total Activity for the<br>Activity Cost Pool<br>Supporting direct labor<br>Order processing<br>Customer support<br>Other<br>Activity Measure<br>Number of direct labor-hours<br>Number of customer orders<br>Number of customers<br>This is an organization-<br>sustaining activity<br>Year<br>20, 900 DLHS<br>400 orders<br>200 customers<br>Not applicable<br>Distribution of Resource Consumption Across Activities<br>Supporting Direct<br>Labor<br>40%<br>Customer<br>Support<br>Orden<br>Processing<br>Other<br>Total<br>Wages and salaries<br>Other overhead costs<br>30%<br>20%<br>10%<br>100%<br>100%<br>30%<br>10%<br>20%<br>40%<br>During the year, Advanced Products completed one order for a new customer, Shenzhen Enterprises. This customer did not order any<br>other products during the year. Data concerning that order follow:<br>Data Concerning the Shenzhen Enterprises Order<br>Units ordered<br>Direct labor-hours<br>Selling price<br>Direct materials<br>10 units<br>2 DLHS per unit<br>$ 300 per unit<br>$180 per unit<br>$ 50 per unit<br>Direct labor<br>Required:<br>1. Prepare a report showing the first-stage allocations of overhead costs to the activity cost pools.<br>2. Compute the activity rates for the activity cost pools.<br>3. Calculate the total overhead costs for the order from Shenzhen Enterprises including customer support costs.<br>4. Calculate the customer margin for Shenzhen Enterprises.<br>Complete this question by entering your answers in the tabs below.<br>Required 1<br>Required 2<br>Required 3<br>Required 4<br>Prepare a report showing the first-stage allocations of overhead costs to the activity cost pools.<br>Direct Labor<br>Order<br>Customer<br>Support<br>Processing<br>Support<br>Other<br>Totals<br>Wages and salaries<br>Other overhead costs<br>Total cost<br>$<br>0.<br>2$<br>%24<br>Reguired.2<br>

Extracted text: Exercise 7-15 (Static) Comprehenslve Activity-Based Costing Exercise [LO7-2, LO7-3, LO7-4, LO7-5] Advanced Products Corporation has supplied the following data from its activity-based costing system: Overhead Costs Wages and salaries Other overhead costs $ 300,000 100,000 $ 400,000 Total overhead costs Total Activity for the Activity Cost Pool Supporting direct labor Order processing Customer support Other Activity Measure Number of direct labor-hours Number of customer orders Number of customers This is an organization- sustaining activity Year 20, 900 DLHS 400 orders 200 customers Not applicable Distribution of Resource Consumption Across Activities Supporting Direct Labor 40% Customer Support Orden Processing Other Total Wages and salaries Other overhead costs 30% 20% 10% 100% 100% 30% 10% 20% 40% During the year, Advanced Products completed one order for a new customer, Shenzhen Enterprises. This customer did not order any other products during the year. Data concerning that order follow: Data Concerning the Shenzhen Enterprises Order Units ordered Direct labor-hours Selling price Direct materials 10 units 2 DLHS per unit $ 300 per unit $180 per unit $ 50 per unit Direct labor Required: 1. Prepare a report showing the first-stage allocations of overhead costs to the activity cost pools. 2. Compute the activity rates for the activity cost pools. 3. Calculate the total overhead costs for the order from Shenzhen Enterprises including customer support costs. 4. Calculate the customer margin for Shenzhen Enterprises. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare a report showing the first-stage allocations of overhead costs to the activity cost pools. Direct Labor Order Customer Support Processing Support Other Totals Wages and salaries Other overhead costs Total cost $ 0. 2$ %24 Reguired.2
Jun 11, 2022
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