Homework Answers
a) Activity rate =155000/1000 = 155 per meeting hour
b) Overhead cost:
=(2.36*247)+(47.73*40)+(75*70)
=7742.12
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Data concerning three of the activity cost pools of French Company, an accounting firm, have been...
Data concerning three of the activity cost pools of Brevo LLC, a legal firm are presented...
Data concerning three of the activity cost pools of Brevo LLC, a legal firm are presented below: Activity Cost Pools Research legal issues Meeting with clients Preparing documents Total Activity Total Cost $20,900 550 research hours $154,791 1,053 meeting hours $90,400 5,650 documents The activity rate for the "meeting with clients" activity cost pool is closest to: $147 per meeting hour $154,791 per meeting hour $37 per meeting hour $68 per meeting hour
4. Data concerning three of the activity cost pools of Brook LLC, a legal firm, have...
4. Data concerning three of the activity cost pools of Brook LLC, a legal firm, have been provided below: Activity Cost Pools Researching legal issues. Meeting with clients ....... Preparing documents ...... Total Cost $29,920 $665,500 $116,820 Total Activity 680 research hours 5,324 meeting hours 6,490 documents The activity rate for the "meeting with clients" activity cost pool is closest to: 5. Matt Company uses activity-based costing. The company has two products: A and B. The annual production and sales...
question 3 and 4 3. Data concerning three of the activity cost pools of Coutes LLC,...
question 3 and 4
3. Data concerning three of the activity cost pools of Coutes LLC, a legal firm, have been provided below Activity Cost Pools Researching legal issues. Meeting with clients ........ Preparing documents ...... Total Cost S29,920 $665,500 $116,820 Total Activity 680 research hours 5,324 meeting hours 6,490 documents The activity rate for the "meeting with clients' activity cost pool is: Answer: $125 per meeting hour 110 points) 4.665.00 $125 5324 4. Westin Company uses activity-based costing to...
Doles Corporation uses the following activity rates from its activity-based costing to assign overhead costs to...
Doles Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products. Activity Cost Pools Activity Rate Setting up batches $ 72.02 per batch Processing customer orders $ 29.08 per customer order Assembling products $ 13.51 per assembly hour Data concerning two products appear below: Product K52W Product X94T Number of batches 67 54 Number of customer orders 47 32 Number of assembly hours 420 163 Required: How much overhead cost would be assigned to...
Data concerning three of Kilmon Corporation's activity cost pools appear below: Activity Cost Pools Assembling products...
Data concerning three of Kilmon Corporation's activity cost pools appear below: Activity Cost Pools Assembling products Designing products Setting up batches Estimated Overhead Cost $ 77,010 $ 593,364 $ 45,650 Expected Activity 4,530 assembly hours 3,012 product design hours 830 batch set-ups Required: Compute the activity rates for each of the three cost pools. (Round your answers to 2 decimal places.) Activity Rate Activities Assembling products Designing products Setting up batches
QUESTION 13 Activity-based costing systems conform to Generally Accepted Accounting Principles and can therefore be used...
QUESTION 13 Activity-based costing systems conform to Generally Accepted Accounting Principles and can therefore be used for both internal and external reporting. O True O False QUESTION 14 Hane Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activity Cost Pools Activity Rate Assembling products.... Processing customer orders... Setting up batches... $8.90 $31.23 $43.72 per assembly hour per customer order per batch Data for one of the company's products follow: Product U94W Number...
Senff Corporation uses the following activity rates from its activity-based costing to assign overhead costs to...
Senff Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activity Cost Pools Setting up batches Processing customer orders Assembling products Activity Rate $86.75 per batch $77.49 per customer order $12.41 per assembly hour Data concerning two products appear below. Number of batches Number of customer orders Number of assembly hours Product V912 70 21 493 Product V211 13 10 698 How much overhead cost would be assigned to Product V91Z using the...
Doles Corporation uses the following activity rates from Its activity-based costing to assign overhead costs to...
Doles Corporation uses the following activity rates from Its activity-based costing to assign overhead costs to products. Activity Cost Pools Setting up batches Processing customer orders Assembling products Activity Rate $70.62 per batch $27.68 per customer order $12.81 per assembly hour Data concerning two products appear below. Product K52W Product X94T Number of batches 68 55 Number of customer orders 48 33 Number of assembly hours 421 164 Required: How much overhead cost would be assigned to each of the...
Doles Corporation uses the following activity rates from its activity-based costing to assign overhead costs to...
Doles Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products. Activity Cost Pools Setting up batches Processing customer orders Assembling products Activity Rate $66.72 per batch $23.78 per customer order $10.81 per assembly hour Data concerning two products appear below: Number of batches Number of customer orders Number of assembly hours Product KS2W 67 47 420 Product X941 54 32 163 Required: How much overhead cost would be assigned to each of the...
Doles Corporation uses the following activity rates from its activity-based costing to assign overhead costs to...
Doles Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products. Activity Cost Pools Setting up batches Processing customer orders Assembling products Activity Rate $66.52 per batch $23.58 per customer order $10.71 per assembly hour Data concerning two products appear below: Number of batches Number of customer orders Number of assembly hours Product K52W 65 45 Product X94T 52 30 418 161 Required: How much overhead cost would be assigned to each of the...
Data concerning three of the activity cost pools of Brevo LLC, a legal firm are presented below: Activity Cost Pools Research legal issues Meeting with clients Preparing documents Total Activity Total Cost $20,900 550 research hours $154,791 1,053 meeting hours $90,400 5,650 documents The activity rate for the "meeting with clients" activity cost pool is closest to: $147 per meeting hour $154,791 per meeting hour $37 per meeting hour $68 per meeting hour
4. Data concerning three of the activity cost pools of Brook LLC, a legal firm, have been provided below: Activity Cost Pools Researching legal issues. Meeting with clients ....... Preparing documents ...... Total Cost $29,920 $665,500 $116,820 Total Activity 680 research hours 5,324 meeting hours 6,490 documents The activity rate for the "meeting with clients" activity cost pool is closest to: 5. Matt Company uses activity-based costing. The company has two products: A and B. The annual production and sales...
question 3 and 4
3. Data concerning three of the activity cost pools of Coutes LLC, a legal firm, have been provided below Activity Cost Pools Researching legal issues. Meeting with clients ........ Preparing documents ...... Total Cost S29,920 $665,500 $116,820 Total Activity 680 research hours 5,324 meeting hours 6,490 documents The activity rate for the "meeting with clients' activity cost pool is: Answer: $125 per meeting hour 110 points) 4.665.00 $125 5324 4. Westin Company uses activity-based costing to...
Data concerning three of Kilmon Corporation's activity cost pools appear below: Activity Cost Pools Assembling products Designing products Setting up batches Estimated Overhead Cost $ 77,010 $ 593,364 $ 45,650 Expected Activity 4,530 assembly hours 3,012 product design hours 830 batch set-ups Required: Compute the activity rates for each of the three cost pools. (Round your answers to 2 decimal places.) Activity Rate Activities Assembling products Designing products Setting up batches
QUESTION 13 Activity-based costing systems conform to Generally Accepted Accounting Principles and can therefore be used for both internal and external reporting. O True O False QUESTION 14 Hane Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activity Cost Pools Activity Rate Assembling products.... Processing customer orders... Setting up batches... $8.90 $31.23 $43.72 per assembly hour per customer order per batch Data for one of the company's products follow: Product U94W Number...
Senff Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activity Cost Pools Setting up batches Processing customer orders Assembling products Activity Rate $86.75 per batch $77.49 per customer order $12.41 per assembly hour Data concerning two products appear below. Number of batches Number of customer orders Number of assembly hours Product V912 70 21 493 Product V211 13 10 698 How much overhead cost would be assigned to Product V91Z using the...
Doles Corporation uses the following activity rates from Its activity-based costing to assign overhead costs to products. Activity Cost Pools Setting up batches Processing customer orders Assembling products Activity Rate $70.62 per batch $27.68 per customer order $12.81 per assembly hour Data concerning two products appear below. Product K52W Product X94T Number of batches 68 55 Number of customer orders 48 33 Number of assembly hours 421 164 Required: How much overhead cost would be assigned to each of the...
Doles Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products. Activity Cost Pools Setting up batches Processing customer orders Assembling products Activity Rate $66.72 per batch $23.78 per customer order $10.81 per assembly hour Data concerning two products appear below: Number of batches Number of customer orders Number of assembly hours Product KS2W 67 47 420 Product X941 54 32 163 Required: How much overhead cost would be assigned to each of the...
Doles Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products. Activity Cost Pools Setting up batches Processing customer orders Assembling products Activity Rate $66.52 per batch $23.58 per customer order $10.71 per assembly hour Data concerning two products appear below: Number of batches Number of customer orders Number of assembly hours Product K52W 65 45 Product X94T 52 30 418 161 Required: How much overhead cost would be assigned to each of the...
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