1 answer

Trimmer Lawn USA provides lawn care and landscaping services to commercial clients. Trimmer Lawn USA uses...

Question:

Trimmer Lawn USA provides lawn care and landscaping services to commercial clients. Trimmer Lawn USA uses activity-based cost
Wages and salaries $ 300,000 52,000 Depreciation Supplies a 110,000 238,000 Other overhead $ 700,000 Total overhead costs
John Gibson, controller of Trimmer Lawn USA, has established four activity cost pools and the following budgeted activity for
Trimmer Lawn USA provides lawn care and landscaping services to commercial clients. Trimmer Lawn USA uses activity-based costing to bid on jobs and to evaluate their profitability, Trimmer Lawn USA reports the following budgeted annual costs: Click the icon to view budgeted annual costs.) Click the icon to view additional information.) Read the requirements. Requirement 1. Allocate Trimmer Lawn USA's costs to the activity-cost pools and determine the activity rate for each pool. Start by allocating Trimmer Lawn USA's costs to the activity-cost pools. (Enter zero in any cell if no amount should be allocated to the activity-cost pool.) Estimating Lawn Landscape jobs care design Other Total Wages and salaries Depreciation Supplies Other overhead Total
Wages and salaries $ 300,000 52,000 Depreciation Supplies a 110,000 238,000 Other overhead $ 700,000 Total overhead costs
John Gibson, controller of Trimmer Lawn USA, has established four activity cost pools and the following budgeted activity for each cost pool: Activity Cost Pool Activity Measure Total Activity for the Year Estimating jobs Number of job estimates 200 estimates Lawn care Number of direct labor-hours 10,000 direct labor-hours Landscape design Number of design hours 600 design hours Other Facility-sustaining costs that are not allocated to jobs Not applicable Gibson estimates that Trimmer Lawn USA's costs are distributed to the activity-cost pools as follows: Estimating Landscape Jobs Lawn Care Design Other Total Wages and salaries 55% 25% 15% 100% Depreciation 20% 45% 10% 25% 100% Supplies 0% 100% 0% 0% 100% Other overhead 5% 40% 10% 45% 100% 5% Yancy Office Park, a new development in a nearby community, has contacted Trimmer Lawn USA to provide an estimate on landscape design and annual lawn maintenance. The job is estimated to require a single landscape desinn

Answers

1 Estimating jobs Lawn care Landscape design Other Total
Wages and Salaries (cost x respective percentage)         15,000              165,000          75,000         45,000 300,000
Depreciation         10,400                23,400           5,200         13,000     52,000
Supplies               -                110,000                -                 -   110,000
Other Overhead         11,900                95,200          23,800       107,100 238,000
Total         37,300              393,600        104,000       165,100 700,000
Cost Allocation Base Allocation Rate
2 Estimating Jobs         37,300 200 estimates $186.50 /estimate
Lawn Care       393,600 10,000 DLHs $39.36 /DLH
Landscape Design       104,000 600 design hours $173.33 /design hour
.

Similar Solved Questions

1 answer
Question 8 Given az = 6 and Olin 20p-1 + 3n find the third and fourth...
Question 8 Given az = 6 and Olin 20p-1 + 3n find the third and fourth term....
1 answer
ABC firm has a truck purchased 2 years ago at 175,000. The estimated residual value is...
ABC firm has a truck purchased 2 years ago at 175,000. The estimated residual value is $25,000. ABC drove 15,000 miles in the first year and 22,000 miles in the second year. It is estimated the truck has an estimated life of 300,00 miles. What is the value of accumulated depreciation in the second y...
1 answer
You purchase 1,000 share of 2nd Chance Co. stock on margin at a price of $46....
You purchase 1,000 share of 2nd Chance Co. stock on margin at a price of $46. Your broker requires you to deposit $25,000. A, Suppose you sell the stock at a price of $50. What is your return? WHat would your return have been had you purchased the stock without margin? With Margin? Without Margin? ...
1 answer
5. Which of the following statements is not true regarding the properties of alkanes? a. The...
5. Which of the following statements is not true regarding the properties of alkanes? a. The bp/mp increases with increase in length of the carbon chain b. The bp/mp increases with increase in branching in the isomeric alkanes c. Alkanes undergo combustion reaction with O2 releasing energy d. Alkane...
1 answer
Find the measure of the angle formed by the line & X-axis [y=2x+5] and [y=4/5x+2]
find the measure of the angle formed by the line & X-axis [y=2x+5] and [y=4/5x+2]...
1 answer
Consider a lottery with three possible outcomes: Payout          &nbs...
Consider a lottery with three possible outcomes: Payout             Probability $2000              .1 $1000           ...
1 answer
The comparative statements of financial position of Mikos Inc. as at December 31, 2017 and 2018,...
The comparative statements of financial position of Mikos Inc. as at December 31, 2017 and 2018, and its statement of earnings for the year ended December 31, 2018, are presented below: MIKOS INC. Comparative Statements of Financial Position December 31 2018 2017 Assets Cash $ 10,100 $ 18,100 Short-...
1 answer
A galvanic cell Cr(s)|Cr2+(aq) || Cu2+(aq)|Cu(s) is constructed using a completely immersed Cr electrode that weighs 35.4 g and a Cu electrode immersed in 462 mL of 1.00 M Cu2+(aq) solution. A steady...
A galvanic cell Cr(s)|Cr2+(aq) || Cu2+(aq)|Cu(s) is constructed using a completely immersed Cr electrode that weighs 35.4 g and a Cu electrode immersed in 462 mL of 1.00 M Cu2+(aq) solution. A steady current of 0.0795 A is drawn from the cell as the electrons move from the Cr electrode to the Cu ele...
1 answer
1. Using iterative solution, find the first eight output signal sample values for the following linear...
1. Using iterative solution, find the first eight output signal sample values for the following linear difference equation: with initial condition yl-18 and causal input nnun 2. Using iterative solution, find the first eight output signal sample values for the following linear difference equation: w...
1 answer
What is a particle accelerator? How do scientists use particle accelerators to study subatomic particles? What particle is exchanged to generate each of the four fundamental forces? What medical tech...
What is a particle accelerator? How do scientists use particle accelerators to study subatomic particles? What particle is exchanged to generate each of the four fundamental forces? What medical technologies (e.g. PET) rely on the physics of elementary particles? What are the benefits of noninvasive...
1 answer
Question 7 Not yet answered Marked out of 1.00 P Flag question Your weight is currently...
Question 7 Not yet answered Marked out of 1.00 P Flag question Your weight is currently stable. You have chosen to give up your daily 215-calorie moche latte coffee. About how much weight can you expect to lose over 5 years if nothing else changes? Select one: O a. 5 pounds O b. 21 pounds O c. 14 po...
1 answer
The switch in the circuit shown in the figure is first connected to point a for...
the switch in the circuit shown in the figure is first connected to point a for a long time and then switch is connected to point b. 1-what is the frequency of the oscillation of the circuit 2-what is the maximum charge on the capacitor 3-what is the maximum charge on the inductor 4-what is the tota...
1 answer
1. What is health literacy and how can it impact patients? 2. What are some strategies...
1. What is health literacy and how can it impact patients? 2. What are some strategies a healthcare system or clinic can employ to improve health literacy? 3. Do you believe creating documents for patients to interpret (i.e. consents) without taking into consideration health literacy is an ethical i...
1 answer
Please fill in rest of the table and explain. U 10 L 2. Fill in the...
Please fill in rest of the table and explain. U 10 L 2. Fill in the next to last line of the amortization table if payments are made quarterly, bu financial statements are prepared at the end of the 4 month: cash payment interest expense 0.02 amort.disc. date now (1) end of 3rd mo (2) end of 4th ...
1 answer
QUESTION 2 14.2858 poin An 8.0 kg object moving with an initial velocity of 8.0 m/s...
QUESTION 2 14.2858 poin An 8.0 kg object moving with an initial velocity of 8.0 m/s on a surface comes to rest due to friction after it travels a horizontal distance of 10 m. What is the coefficient of kinetic friction between the object and the surface? Use g 0.13 10 m/s 0.25 O 0.32 O 0.43 0.80...