A continuous budget is a moving twelve-month budget.

Cost assignment is one of the key processes of the cost accounting system.

Brigade Builders, Inc. designs decks, gazebos, and play equipment for residential homes. The following was provided for the year ended September 30, 2018: ​ Direct labor $800,000 Direct material purchases 80,000 Administrative expenses 155,000 Overhead 95,000 Selling expenses 325,000 Beginning direct materials inventory 43,000 Beginning designs in process 21,000 Ending direct materials inventory 18,000 Ending designs in process 45,000 ​ The average design fee is $900. There were 3,500 designs processed during the year.Required: a. Prepare a statement of cost of services sold. b. Prepare an income statement. c. Discuss three differences between services and tangible products.

Describe the two major subsystems of the Cost Management System and briefly summarize their importance.

A company usually processes 20,000 orders at a total cost of $250,000. During the year, only 10,000 orders were processed. What is the cost of unused activity?

Cost management information benefits production, marketing, and customer service systems as well as being a crucial part of managerial decision making.

A(n) __________ method first traces costs to a department and then to products.

Describe the connection between planning, controlling, and feedback.

A correlation coefficient near +1 means that two variables are moving in the _________ direction.

Appleby Manufacturing uses an activity-based costing system. The company produces Model F and Model G. Information relating to the two products is as follows: ​ ​ Model F Model G Units produced 24,000 30,000 Machine hours 7,500 8,500 Direct labor hours 8,000 12,000 Material handling (number of moves) 4,000 6,000 Setups 5,000 7,000 Purchase orders 30 40 Inspections 10,000 14,000 Product line variations 8 12 ​ The following overhead costs are reported for the following activities of the production process: ​ Material handling $ 40,000 Labor-related overhead 120,000 Setups 60,000 Product design 100,000 Batch inspections 120,000 Central purchasing 70,000 ​ Jones manufacturing has used activity based costing to assign costs to Models F and G as given in the table below: ​ Activity Cost Pool Driver Pool Rate Model F Activity Model F Cost Model G Activity Model G Cost Total Material handling $40,000 10,000 $4 4,000 $16,000 6,000 $24,000 $40,000 Labor related overhead $120,000 20,000 $6 8,000 $48,000 12,000 $72,000 $120,000 Setups $60,000 12,000 $5 5,000 $25,000 7,000 $35,000 $60,000 Product design $100,000 20 $5,000 8 $40,000 12 $60,000 $100,000 Batch inspections $120,000 24,000 $5 10,000 $50,000 14,000 $70,000 $120,000 Central purchasing $70,000 70 $1,000 30 $30,000 40 $40,000 $70,000 total ​ ​ ​ ​ $209,000 ​ $301,000 $510,000 ​ Appleby Manufacturing wants to implement an approximately relevant ABC system by using the two most expensive activities for cost assignment. ​ Under this new approach, what cost would be assigned to materials handling?