x
Info
x
Warning
x
Danger

Solution for Cost Accounting: Foundations and Evolutions 8th Edition Chapter 4, Problem 16

by Michael R. Kinney, Cecily A. Raiborn
358 Solutions 19 Chapters 53448 Studied ISBN: 9781439044612 Accounting 5 (1)

Chapter 4, Problem Exercise 16 : Exercise 4-30   ...

Exercise 4-30

 

 

 

 

 

 

 

 

 

 

Insert amounts in the gray-shaded cells of columns C, E, and G.

 

If an answer is incorrect the word "Wrong" will appear.

 

 

 

 

 

 

 

 

a.

Cost of finding best suppliers

 

 

 

 

$   3,75,000

 

Number of phone calls made

 

 

 

 

      3,75,000

 

Cost per phone call

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost to issue purchase orders

 

 

 

$   1,87,500

 

Number of purchase orders issued

 

 

 

         46,875

 

Cost per purchase order

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost to review receiving reports

 

 

 

$   1,68,750

 

Number of receiving reports

 

 

 

 

         28,125

 

Cost per receiving report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost Assignment of Special Order:

 

 

Units

x

Rate

 

 

 

Phone calls made

       225

 

$   1.00

Wrong

 

 

Purchase orders issued

         50

 

$   4.00

Wrong

 

 

Receiving reports reviewed

         25

 

$   6.00

Wrong

 

 

Total cost assigned

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b.

Purchasing Department cost assigned

 

 

 

 

 

    to special order

 

 

 

 

$           575

 

Number of units

 

 

 

 

              100

 

Purchasing Department cost per unit

 

 

 

 

 

    (rounded to nearest cent)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

c.

Total costs

 

 

 

 

$   7,31,250

 

Total number of calls

 

 

 

 

      3,75,000

 

Cost per call (rate)

 

 

 

 

 

 

Number of calls for special order

 

 

 

              225

 

Cost assigned to special order

 

 

 

$             -  

 

 

 

 

 

 

 

 

 

Step-By-Step Solution

Chapter 4, Problem Exercise 16

View Solution
View Sample Solution
Unlimited Access Free
Signup & Access More than 10 Million+
  • Textbook Solutions
  • Flashcards
  • Homework Answers
  • Documents
All Chapters Solved

FAQ's

Is this a textbook?

We do not endorse or sell any Textbooks in this service. This is only a solution guide for the textbook shown. So, you will find all the answers to questions in the textbook, indexed for your ease of use. ExploreNow!

I am unable to find the book I need.

You can request for your textbook to be answered. While you may get the book resolved within 15-20 days’ subject to expert availability and can access it at no cost if you are premium member, We encourage you to use our Study Help service for the specific question or even a full chapter you currently, need within a 24-48-hour window.

My book is similar but not the same!

This may be due to different versions or editions of the same book. You can check the table of contents and match the questions in each chapter (As you can see, the questions are free to view for the entire book). You can subscribe if you decide the step-by-step solutions will be useful albeit the differences.

Not all questions are answered!

We try not to post guidebooks that are under progress. However, some guides are so high in demand that we have to post them as we work on them. If you find the notification stating, "An expert is currently solving this for you" in the answer section, you can contact customer support to know the status or even get an instant answer if you are a premium member.

The ISBN's are not matching!

Check if there are other ISBN's mentioned on the book cover page. If it still does not match, check the samples available to ensure you are on the right guide. 

Can I see some samples?

Every chapter in the book has the first three solutions displayed in full for free. Browse the chapters and questions to view the same. 

Is it possible to see a specific answer before I subscribe?

Contact customer support via Live Chat to request the same. They will assist you with the full answer if it is a simple question or a partial answer to assure you of the availability if it is a large solution.