Assignment on Cost Accounting
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Assignment on Accounting Costs
KOM Ltd. has just finished their 2012 annual budget. KOM Standard and KOM Expert are their two offerings. The budget is based on a total production and sales level of 1000 pieces of Standard and 500 units of Expert, as shown in table 1.
KOM Expert Total KOM Standard
12.000.000 6.000.000 18.000.000 in sales
6.000.000 4.000.000 10.000.000 in direct material costs
Direct labor cost $2.000.000 $1.000.000 $3.000.000 $3.000.000 $3.000.000 $3.000.000 $3.000.000 $3.000.000 $3.000
indirect manufacturing
2,000.000.00
The cost of indirect logistics was $1.000,000.00.
The total cost of manufacture was $16.000.000.
Admin/indirect sales
1.500.000 dollars
Profit of $500,000.00
1st Table
a) Describe why only the total indirect cost was planned, rather than the indirect cost per product.
b) When you’re told that the manufacturing department utilizes direct materials as the allocation basis, the logistics department uses direct labor costs, and the sales/admin department uses total production costs, calculate all the indirect allocation rates.
c) Assume that all departments’ indirect expenses are split 50 percent fixed and 50 percent variable. Discuss what the lowest selling price for the product Standard should be under various scenarios.
d) By the end of 2012, KOM has discovered that activity will be lower than anticipated. For the year 2012, they predict only 800 units of Standard and 300 units of Expert to be sold. Calculate their overall profit forecast for 2012.
If at all feasible, provide the entire answer in a.doc file.
RUBRIC
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