Riemay, SA

question 17

Essay

Riemay, SA., has done a cost analysis for its production of sports cards. The following activities and cost drivers have been developed: Following are the actual costs of producing 35,000 cards:
60 labour hours; 500 machine hours; 5 batches; 30 purchase orders The following variances were given in the activity performance report: Required:
Find the missing values.
Prepare an activity-based performance report in good form

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Definitions:

Demographic Group

A segment of the population defined by certain characteristics such as age, race, gender, or income, used in statistical analysis and marketing.

Economic Life Cycle

The different stages an individual goes through from dependence to independence, potentially to wealth accumulation, and finally to retirement and dependence once more, in terms of earning and spending.

Savings Rates

The portion of disposable income that individuals, businesses, or economies save rather than spend on consumption, usually expressed as a percentage.

Permanent Income

A person’s normal income.