Scott cameras produces digital cameras and has decided to switch from a volume based system to an activity based system.Acott produced 100,000 digital cameras in the most recent quarter and has determined that total activity costs were:$3,000,00 materials cost,$500,000 labor costs,$50,000 inspection costs,and $500,000 packaging costs.It takes 30 minutes of labor to produce each camera,inspection are done for 20 percent of all cameras produced,and cameras packaged individually. What are the rates for each of these activities? a

Answers

Answer 1

The rates for each of the activities in Scott Cameras' switch from a volume-based system to an activity-based system are as follows:

- Materials cost rate: $30 per camera

- Labor cost rate: $10 per minute of labor

- Inspection cost rate: $5 per camera

- Packaging cost rate: $5 per camera

1. Calculate the total activity costs for each activity:

- Materials cost: $3,000,000

- Labor cost: $500,000

- Inspection cost: $50,000

- Packaging cost: $500,000

2. Determine the number of cameras produced in the most recent quarter: 100,000 cameras.

3. Calculate the rate for materials cost:

- Divide the total materials cost by the number of cameras produced:

$3,000,000 / 100,000 = $30 per camera

4. Calculate the rate for labor cost:

- Determine the total labor minutes required to produce all the cameras:

30 minutes per camera * 100,000 cameras = 3,000,000 minutes

- Divide the total labor cost by the total labor minutes:

$500,000 / 3,000,000 minutes = $10 per minute of labor

5. Calculate the rate for inspection cost:

- Determine the number of cameras that require inspection (20% of all cameras produced):

20% * 100,000 cameras = 20,000 cameras

- Divide the total inspection cost by the number of cameras requiring inspection:

$50,000 / 20,000 cameras = $5 per camera

6. Calculate the rate for packaging cost:

- Divide the total packaging cost by the number of cameras produced:

$500,000 / 100,000 = $5 per camera

These rates will be used in the activity-based system to allocate costs based on the specific activities involved in producing the digital cameras.

For more such questions on Materials, click on:

https://brainly.com/question/30418755

#SPJ8

Related Questions

Teamwork Skills
And what you can learn from it
Write a 250 word

Answers

Individuals that participate in teamwork gain a variety of essential skills, including improved communication, problem-solving, interpersonal, and leadership qualities. These abilities are applicable in many areas of life and may significantly contribute to personal and professional success.

Firstly, teamwork enhances communication skills. Working in a team requires effective and efficient communication to convey ideas, share information, and resolve conflicts. By engaging in collaborative projects, individuals learn to express their thoughts clearly, actively listen to others, and adapt their communication style to different team members. Secondly, teamwork cultivates problem-solving abilities. Teams often encounter challenges and obstacles that require creative and innovative solutions. Through collaboration, individuals learn to analyze problems from different perspectives, brainstorm ideas, and collectively develop strategies to overcome obstacles. This fosters critical thinking, adaptability, and resilience.

Thirdly, teamwork promotes interpersonal skills. Working closely with diverse team members helps individuals develop empathy, understanding, and respect for others' perspectives, backgrounds, and work styles. This leads to enhanced collaboration, effective conflict resolution, and the ability to build strong relationships.

Lastly, teamwork fosters leadership skills. Individuals have the opportunity to take on leadership roles within a team, allowing them to develop skills such as delegation, motivation, and decision-making. They learn to inspire and guide team members towards common goals, fostering a sense of accountability and achievement.

For more such questions on teamwork , visit:

https://brainly.com/question/11778757

#SPJ8

onsumer Economics: Tutorial
Part E
At what wage rate will there be excess labor supplied in the market?

Answers

Excess labor supply in the market occurs when the wage rate is above the equilibrium level.

Consumer economics refers to the study of how individuals and households make decisions about what they consume, how they save and invest, and how they allocate their resources.The wage rate at which there will be an excess supply of labor in the market is known as the equilibrium wage rate. This means that the quantity of labor demanded equals the quantity of labor supplied.

At a wage rate above the equilibrium level, there is a surplus of labor available as the quantity supplied of labor is greater than the quantity demanded for labor. On the other hand, at a wage rate below the equilibrium level, there is a shortage of labor as the quantity demanded of labor is greater than the quantity supplied for labor. Thus, the equilibrium wage rate is essential to maintain stability in the labor market.The equilibrium wage rate is determined by the forces of demand and supply.

The demand for labor arises from the demand for goods and services that labor produces. The supply of labor arises from the willingness of people to work at a particular wage rate. The equilibrium wage rate is the wage rate where the quantity of labor demanded is equal to the quantity of labor supplied in the market.Therefore, excess labor supply in the market occurs when the wage rate is above the equilibrium level.

For more such questions on labor

https://brainly.com/question/29522683

#SPJ8

Assume the following taxpayer information: The taxpayer is a South African manufacturing company (not a small business corporation as defined) with a 31 March 2023 year of assessment. Calculate the recoupment on the disposal of the machine BELOW. Information pertaining to manufacturing machine: Events Sold Purchased Tax value at date of sale Date 30 December 2022 1 August 2020 Amount R 605 000 R 490 000 R 98 000

Answers

The depreciation allowances allowed in prior years of R533 665 (recoupment amount)The recoupment amount is included in taxable income.

An asset disposed of in the year of assessment (2022) for proceeds exceeding its tax written down value (TWDV) triggers a recoupment of depreciation allowances. The recoupment is calculated by deducting the TWDV from the proceeds, but limited to the sum of depreciation allowances allowed in respect of the asset less any amount that has been recouped in a prior year.

Manufacturing machine sold R605 000 Purchased R490 000 Tax value at date of sale R98 000Calculate recoupment on the disposal of the machine;

The machine's TWDV is R71 335; this is calculated by taking the original cost of R490 000 less the depreciation allowances allowed in prior years of R34 665.R605 000 (proceeds) - R71 335 (TWDV) = R533 665 (recoupment amount)The recoupment amount is included in taxable income.

For more such questions on depreciation

https://brainly.com/question/29894489

#SPJ8

When an investor is not interested in owning their own business, why do they need to understand entrepreneurship?

Answers

Understanding entrepreneurship is important for investors, as it helps them evaluate investment opportunities and make informed decisions.

Why an Investor Need to Understand Entrepreneurship?

Even if an investor is not interested in owning their own business, understanding entrepreneurship is still essential. It allows investors to assess the potential of entrepreneurial ventures they may invest in, evaluate the skills and capabilities of entrepreneurs, and make informed investment decisions.

Understanding entrepreneurship helps investors navigate the business landscape, identify innovative and profitable opportunities, and comprehend the risks and challenges associated with entrepreneurial ventures, thereby maximizing their chances of making successful investments.

Learn more about entrepreneurship on:

https://brainly.com/question/1027717

#SPJ1

Other Questions

"Youare scheduled to receive annual payments of $10,000 for each of thenext 25 years.Your discount rate is 8.5 percent. What is the difference inthe present value if you receive thesepayments Sketch the graph of f by hand and use your sketch to find the absolute and local maximum and minimum values of f. (Enter your answers as a comma-separated list. If an answer does not exist, enter DNE.) f(x)=2x^2, 7 x 2 absolute maximum value _______absolute minimum value _______local maximum value(s) ________local minimum value(s) ________ which meal contains food form all food groups represented in my plate The value of a company can be calculated by discounting the companys future cash flows using the weighted average cost of capital.In view of the above statement, discuss whether or not the use of derivative products to hedge a companys exposure to currency and interest rate risk is beneficial to the shareholders of the company. 13. 5. You are watching a bat fly out from the bottom of a well. The bat flies in a helical path so that its position vector is given by r =5cos( 32 t) ^ +5sin( 32 t) ^ +4t k^ . The origin x=0,y=0,z=0 is fixed at the center of the well, and the z-axis is directed upward from the bottom of the well. Note that t=0 when the bat is at the bottom of the well. The well is of depth 20 m. How long does it take before the bat exits the well? Please give your answer in s. 3.12 Create a curve that uses a quadratic parametricapproach with three interpolated control points. Theequations which describe the curve are:$$f_x(u) = c_0 u^2 + c_1 u + c_2 $$and$$f_y(u) = c_3 u^2 Write a short pitch for a game or animated TV show. It would help if you gave some idea of how the game works or what the show is about. It would be best if you also discussed the art style of your game or show. Eloquent Media Ltd. completed the following transactions: /10Sept. 14, 2019 Provided services to Inga Corporation on account, $3,000, terms 30 days.Nov. 1, 2019 Accepted a one-year, 12% note from Inga Corporation to settle its account.Dec. 31, 2019 Accrued interest on the note from Inga Corporation. ( Round to the nearest dollar.)Nov. 1, 2020 Received amount due from Inga Corporation.Record entries for the above transactions. 1. Discuss the scenario that the turbo-alternator presents to the protection engineer. 2. Tripping the main circuit breaker is not enough protection for a generator. Explain.3. What are the various faults to which a turbo-alternator is likely to be subjected?4. Differentiate between longitudinal and transverse differential protection. The pluralist view of power in action can be summed up as follows:a. Interests compete for political power until one group dominates the playing field.b. Interests compete for political power, resources, and money, but no one dominates the playing field.c. Interest groups compete for political power until one group wins by garnering the most resources.d. Interest groups don't really compete The microstructure of Iron-Carbon alloy affects its mechanical properties. Spheroidite is the most ductile followed by coarse pearlite, fine pearlite and martensite. In terms of microstructure, briefly explain the reason. (30 m) Figure. Solid state transformation in Austenite Steel. Which relationship is of most concern to the nurse because of its importance in the formation of the personality?1. Peer2. Sibling3. Parent-child4. Heterosexual Hi, I am not getting the correct output for the following code. The question is this:Create a C# program that prompts the user for three names of people and stores them in an array of Person-type objects. There will be two people of the Student type and one person of the Teacher type.o To do this, create a Person class that has a Name property of type string, a constructor that receives the name as a parameter and overrides the ToString () method.o Then create two more classes that inherit from the Person class, they will be called Student and Teacher. The Student class has a Study method that writes by console that the student is studying. The Teacher class will have an Explain method that writes to the console that the teacher is explaining. Remember to also create two constructors on the child classes that call the parent constructor of the Person class.o End the program by reading the people (the teacher and the students) and execute the Explain and Study methods.o When defining all the properties, use property concept of C#class Test{public static void Main(string[] args){Person[] person = new Person[3];Console.Write("Enter Name 1 : ");string name = Console.ReadLine();Student s1 = new Student(name);Console.Write("Enter Name 2 : ");name = Console.ReadLine();Student s2 = new Student(name);Console.Write("Enter Name 3 : ");name = Console.ReadLine();Teacher t = new Teacher(name);person[0] = s1;person[1] = s2;person[2] = t;Console.WriteLine(person[0].toString());Console.WriteLine(person[1].toString());Console.WriteLine(person[2].Explain());}}class Person{public string Name;public Person(string N){Name = N;}public string toString(){return ("Name: " + Name);}}class Student : Person{public Student(string N) : base(N){}public void Study(){Console.WriteLine("The student is studying\n");}}class Teacher : Person{public Teacher(string N) : base(N){}public void Explain(){Console.WriteLine("The teacher is explaining\n");}}} In the balance sheet of the end of its first year of operations, Dunty lncorporated reported an aliowonce for uncolectibio accounts of 382 200 During the yeac, Dinty wrote oft $31300 of accounts receivable it had attemptod to collect and falled. Credit sales for the year were $2,390,000, and cash collections from credia customers totaled $1760.000. What bad debt expense would Dinty report in its firstyear income statement? Find the domains of the following functions. (1)y=1/x24x(2)y=ln(53x). The tenant mix is a vital aspect of commercial real estate. Whoselects the tenants, and why is it important to have the righttenant mix? What factors to consider when selecting thetenants? Cullumber Center began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Calculate weighted-average unit cost, (Round answers to 3 decimal places, e.g. 15.251.) July 1 July 6 July 11 July 14$ July 21$ July 27 Attempts: unlimite a person who studies the surface features of the earth 4) Creep (6 Points) Creep is a process that takes place at elevated temperatures. It is is of primary concern to the engineer when designing high-temperature turbines. a) Show schematically the displacement as a function of time (AL vs t) for a creeping polycrystalline material under 3 different tensile stresses, 01 11)When you must create several objects that share most of theirproperties and methods, _____.a.the best approach is to use methods rather than objectsb.the best approach is to use object litera