Needing most help with the excel sheet PLEASEEE Consider the following data for

Q: Needing most help with the excel sheet PLEASEEE Consider the following data for

Solution a: Solution b: Solution c: Computation of allocation rate of each activity Actvity Annual cost Activity Base Total units Allocation rate Receive speciman $10,000.00 Nos of tests 5000 $2.00 Equipment setup $25,000.00 Nos of minutes per tests 32500 $0.77 Run test $100,000.00 Nos of minutes per tests 29500 $3.39 Record results $10,000.00 Nos of minutes per tests 11000 $0.91 Transmit results $5,000.00 Nos of minutes per tests 15000 $0.33

ID: 2398125 • Letter: N

Question

Needing most help with the excel sheet PLEASEEE

Consider the following data for a clinical laboratory: Activity Data Activity Annual Costs Cost Driver Test A Test B Test C Test D Receive specimen $10,000 No. of tests 2,000 1,500 1,000 500 Equipment set-up 25,000 No. of mins. per test 5 5 10 10 Run test 100,000 No. of mins. per test 1 5 10 20 Record results 10,000 No. of mins. per test 2 2 2 4 Transmit results 5,000 No. of mins. per test 3 3 3 3 Total costs $150,000

a. Using ABC techniques, determine the allocation rate for each activity.

b. Now, using this allocation rate, estimate the total cost of performing each test.

c. Verify that the total annual costs aggregated from individual test costs equal the total annual costs of the laboratory given in the table above.

Problem 6.7 Total Units Allocation Rate Annual Costs Receive specimen Equipment set up Run test Record results Transmit results $10,000.00 5,000 $2.00 #DIV/0! #DIV/0! #DIV/O! #DIV/0! $10,000.00 # of tests # of tests/# min per test min per test Test A Test B $2.00 Receive specimen (per test) Equipment set up Run test Record results Transmit results Cost per test $2.00 $2.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! 5 Number of tests Tie out 2,000 1,500 #DIV/0! #DIV/0 ! (Ctrl) ?

Explanation / Answer

Solution a:

Solution b:

Solution c:

Computation of allocation rate of each activity Actvity Annual cost Activity Base Total units Allocation rate Receive speciman $10,000.00 Nos of tests 5000 $2.00 Equipment setup $25,000.00 Nos of minutes per tests 32500 $0.77 Run test $100,000.00 Nos of minutes per tests 29500 $3.39 Record results $10,000.00 Nos of minutes per tests 11000 $0.91 Transmit results $5,000.00 Nos of minutes per tests 15000 $0.33

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Needing most help with the excel sheet PLEASEEE Consider the following data for

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