Riemay, SA

question 31

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:

Premature Harvesting

The process of collecting or using resources before they have reached an optimal level of growth or value, which can lead to inefficiency or resource depletion.

Good Intentions

Refers to the desire to bring about positive outcomes or avoid harm, regardless of the actual results of the actions taken.

Desirable Outcomes

Refers to the expected or hoped-for results of actions, policies, or strategies that are considered beneficial or advantageous.

Fallacy Of Composition

The erroneous belief that what is true for a part is necessarily true for the whole.