Case 1 Gargamon Co. is a company engaged in the manufacture
Case 1 Gargamon Co. is a company engaged in the manufacture of… Case 1Gargamon Co. is a company engaged in the manufacture of leather shoes.Below are company data for 2 years:Selling Price per unit $ 120 Manufacturing Cost Variable cost: Direct Materials $ 40 Direct Labor $ 5 Variable Overhead $ 10 Fixed per Year $ 250,000 Selling and administrative cost Variable per unit sold $ 10 Fixed per year $ 100,000 Year 1 Year 2 Units in beginning inventory – 1,000 Units produced during the year 10,000 8,000 Units sold during the year 9,000 9,000 Units in ending inventory 1,000 – (?)1 If the firm uses absorption costing, determine:a. Unit Product Cost each yearb. Income Statement every year2 If the company uses variable costing, determine:a. Unit Product Cost each yearb. Income Statement every year3 Reconciliation of absorption profit and variable costing Case 2Local laptop manufacturers, are trying to compare between their 2 best selling laptop series. The data obtained are as follows: 234 YS MaharaniPrice 3,500,000 3,000,000 Unit Penjualan 500 700 Variable Cost 1,500,000 2,000,000 Fixed Manufacturing Overhead 500,000,000 150,000,000 Fixed Selling and Adm perusahaan total 400,000,000 (?) Variable Costing Income Statement format that is organized by product line segment Case 3 :Macro Corporation makes a single product – fireproof document cabinets – that it sells to office supply distributors. The company uses a simple ABC system that is used for internal decision making. The company has an overhead department with the following total costs:Factory overhead : $500,000Sales and administration overhead : $300,000Total overhead cost: $800,000The company’s ABC system has an activity cost pool and activity measure:- Activity cost pool : Assembly unit, Order processing, Customer service, Others- Activity measure : Number of units, Order quantity, Number of customers, N/A The costs assigned to the ‘other’ activity cost pool do not have an activity measure; it consists of idle capacity costs and organizational maintenance costs. These costs are not allocated to products, orders, and customers.Macro Corp distributes manufacturing overhead and sales and administrative overhead into activity cost pools based on employee interviews. The results are as follows:Distribution of Resource Consumption among various activities VolumeOrderServiceOthersTotalFactory overhead50%35%5%10%100%Sales and administrative overhead10%45%25%20%100%Total activity1.000 unit250 orders100 customers (?) 1. Make a first-stage allocation of overhead costs into the activity cost pool2. Calculate the activity rate for the activity cost pool3. MyMart is one of the company’s customers. last year MyMart ordered 4 times and ordered 80 cabinet units during that year. Make a table showing the overhead costs for 80 units for an order of 4 times.4. The selling price for the document cabinet is $600. The direct materials cost per unit is $180, the direct labor cost is $51 per unit. What is the product margin for the 80 units of document cabinets ordered by MyMart? How much does MyMart benefit the company as a customer? (In percent %) Accounting Business Managerial Accounting ACCT 6374
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