in an activity cost pool : 1- the costs have a cause- and -effect relationship with...
in an activity cost pool :
1- the costs have a cause- and -effect relationship with the cost allocation base for that activity
2- each pool pertains to a narrow and focused set of costs
3- costs in a cost pool can always be traced directly to products
4-
a measure of the activity performed serves as the cost allocation base
5-the cost pools are homogeneous over time
Homework Answers
Solution: the cost pools are homogeneous over time
Explanation: The activity cost pool refers to a "bucket" wherein the costs are accumulated are connected to a single activity measure in an activity-based costing (ABC) system. It is among the most common forms of homogeneous pools in costing
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in an activity cost pool :
1- the costs have a cause- and -effect relationship with...
An activity that has a direct cause-effect relationship with the resources consumed is a(n) cost pool....
An activity that has a direct cause-effect relationship with the
resources consumed is a(n)
cost pool.
cost driver.
overhead rate.
product activity.
ection 1 .) An activity that has a direct cause-effect relationship with the resources consumed is...
ection 1 .) An activity that has a direct cause-effect relationship with the resources consumed is (1 afn) O cost driver overhead rate. cost pool. product activity 2) Just-in-time strives to eliminate inventories by using a pull approach (1pts) True False 3) For the nubby tires, the company has 400 requisitions. 200 setups, and 200 inspections. The smooth tires require 600 requisitions, 300 setups, and 400 inspections. Instructions (3 notermine the nuachandrata for each activity Type here to search hp
Which of the following cost and cost allocation bases have a strong cause and effect relationship?...
Which of the following cost and cost allocation bases have a strong cause and effect relationship? a. administration costs and cubic feet b. setup costs and square feet c. machine depreciation and output units d. machine maintenance and setup hours
(Ch4) The first step in activity-based costing is to Select one: O a. assign manufacturing overhead...
(Ch4) The first step in activity-based costing is to Select one: O a. assign manufacturing overhead costs for each activity cost pool to products. O b. identify and classify the major activities involved in the manufacture of specific products. O c. calculate the activity-based overhead rate per cost driver. O d. identify the cost driver that has a strong correlation to the activity cost pool. (Ch4) Activity-based costing Select one: O a. uses direct labor as its primary cost driver....
EX 4-12 Activity cost pools, activity rates, and product costs using Obj. 4 activity-based costing B....
EX 4-12 Activity cost pools, activity rates, and product costs using Obj. 4 activity-based costing B. Ovens, $93.80 Caldwell Home Appliances Inc. is estimating the activity cost associated with producing ovens per unit and refrigerators. The indirect labor can be traced into four separate activity pools, based on time records provided by the employees. The budgeted activity cost and activity-base informa- tion are provided as follows: Activity Pool EXCEL TEMPLATE Activity Cost Activity Base Procurement Scheduling Materials handling Product development...
Activity Cost Pools, Activity Rates, and Product Costs using Activity-Based Costing Caldwell Home Appliances Inc. is...
Activity Cost Pools, Activity Rates, and Product Costs using Activity-Based Costing Caldwell Home Appliances Inc. is estimating the activity cost associated with producing ovens and refrigerators. The indirect labor can be traced into four separate activity pools, based on time records provided by the employees. The budgeted activity cost and activity-base information are provided as follows: Activity Activity Pool Cost Activity Base Procurement $145,410 Number of purchase orders Scheduling 10,560 Number of production orders Materials handling 28,400 Number of moves...
The most preferable allocation base is one that meets the criteria of: Fairness Cause and effect Correct! ...
The most preferable allocation base is one that meets the criteria of: Fairness Cause and effect Correct! Benefits received Ability to bear Question 2 A company allocates its corporate overhead to the divisions based on division sales (i.e., a division with 20% of the total company sales is allocated 20% of the corporate overhead). This is an example of: Fairness Cause and effect Benefits received Ability to bear Correct! Question 3 A company allocates its human resources department...
Activity Cost Pool Activity Measure Estimated Overhead $ Purchasing Number of Orders $12,000.00 Material Handling Number...
Activity Cost Pool Activity Measure Estimated Overhead $
Purchasing Number of Orders $12,000.00 Material Handling Number of
Receipts $15,000.00 Production orders Set-up Hours $20,250.00
Inspection Inspection Hours $16,000.00 Frame assembly Assembly
Hours $8,000.00 Machine related Machine Hours $30,000.00 Total
Manufacturing Overhead costs $101,250.00.
To complete an "activity-based" cost structure, you are required
to apply manufacturing overhead to each of the briefcase products
on the activity cost pool data provided. Note that the Activity
Cost Pools are determined by management and...
EX 18-12 Activity Cost Pools, Activity Rates, and Product Costs Using Activity-Based Costing Obj. 4 Caldwell...
EX 18-12 Activity Cost Pools, Activity Rates, and Product Costs Using Activity-Based Costing Obj. 4 Caldwell Home Appliances Inc. is estimating the activity cost associated with producing ovens and refrigerators. The indirect labor can be traced into four separate activity pools, based on time records provided by the employees. The budgeted activity cost and activity-base information are provided as follows: Activity Pool Cost Activity Activity Base Procurement Scheduling Materials handling Product development Total cost $ 12,600 90,000 11,000 50,000 $163,600...
Create Activity Tables for Ovens and Refrigerators. Hipster Home Appliances Inc. is estimating the activity cost...
Create Activity Tables for Ovens and Refrigerators.
Hipster Home Appliances Inc. is estimating the activity cost associated with producing ovens and refrigerators. The indirect labor can be traced into four separate activity pools, based on time records provided by the employees. The budgeted activity cost and activity-base information are provided as follows: Activity Activity Pool Cost Activity Base Procurement 66,000.00 Number of purchase orders 12000 Number of production orders 3,28000 Number of moves 3 Scheduling Materials handling Product development Total...
An activity that has a direct cause-effect relationship with the
resources consumed is a(n)
cost pool.
cost driver.
overhead rate.
product activity.
ection 1 .) An activity that has a direct cause-effect relationship with the resources consumed is (1 afn) O cost driver overhead rate. cost pool. product activity 2) Just-in-time strives to eliminate inventories by using a pull approach (1pts) True False 3) For the nubby tires, the company has 400 requisitions. 200 setups, and 200 inspections. The smooth tires require 600 requisitions, 300 setups, and 400 inspections. Instructions (3 notermine the nuachandrata for each activity Type here to search hp
(Ch4) The first step in activity-based costing is to Select one: O a. assign manufacturing overhead costs for each activity cost pool to products. O b. identify and classify the major activities involved in the manufacture of specific products. O c. calculate the activity-based overhead rate per cost driver. O d. identify the cost driver that has a strong correlation to the activity cost pool. (Ch4) Activity-based costing Select one: O a. uses direct labor as its primary cost driver....
EX 4-12 Activity cost pools, activity rates, and product costs using Obj. 4 activity-based costing B. Ovens, $93.80 Caldwell Home Appliances Inc. is estimating the activity cost associated with producing ovens per unit and refrigerators. The indirect labor can be traced into four separate activity pools, based on time records provided by the employees. The budgeted activity cost and activity-base informa- tion are provided as follows: Activity Pool EXCEL TEMPLATE Activity Cost Activity Base Procurement Scheduling Materials handling Product development...
Activity Cost Pool Activity Measure Estimated Overhead $
Purchasing Number of Orders $12,000.00 Material Handling Number of
Receipts $15,000.00 Production orders Set-up Hours $20,250.00
Inspection Inspection Hours $16,000.00 Frame assembly Assembly
Hours $8,000.00 Machine related Machine Hours $30,000.00 Total
Manufacturing Overhead costs $101,250.00.
To complete an "activity-based" cost structure, you are required
to apply manufacturing overhead to each of the briefcase products
on the activity cost pool data provided. Note that the Activity
Cost Pools are determined by management and...
EX 18-12 Activity Cost Pools, Activity Rates, and Product Costs Using Activity-Based Costing Obj. 4 Caldwell Home Appliances Inc. is estimating the activity cost associated with producing ovens and refrigerators. The indirect labor can be traced into four separate activity pools, based on time records provided by the employees. The budgeted activity cost and activity-base information are provided as follows: Activity Pool Cost Activity Activity Base Procurement Scheduling Materials handling Product development Total cost $ 12,600 90,000 11,000 50,000 $163,600...
Create Activity Tables for Ovens and Refrigerators.
Hipster Home Appliances Inc. is estimating the activity cost associated with producing ovens and refrigerators. The indirect labor can be traced into four separate activity pools, based on time records provided by the employees. The budgeted activity cost and activity-base information are provided as follows: Activity Activity Pool Cost Activity Base Procurement 66,000.00 Number of purchase orders 12000 Number of production orders 3,28000 Number of moves 3 Scheduling Materials handling Product development Total...
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