____ are assigned using direct tracing and resource drivers. Materials Costs Resources Profits Products
____ are assigned using direct tracing and resource drivers.
Materials
Costs
Resources
Profits
Products
Homework Answers
Answer: Costs
The cost of the product can be assigned by direct tracing and resource drivers. Cost of each product can be identified when there is information about total manufacturing cost and no of units is produced. The cost of the product can also identified by the cost involved in an activity.
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____ are assigned using direct tracing and resource drivers.
Materials
Costs
Resources
Profits
Products
Sheddon Industries produces two products. The products' identified costs are as follows: Direct materials Direct labor...
Sheddon Industries produces two products. The products' identified costs are as follows: Direct materials Direct labor Product A $20,000 12,000 Product B $15,000 24,000 29 The company's overhead costs of $108,000 are allocated based on labor cost. Assume 4,000 units of product A and 5,000 units of Product B are produced. What amount of production costs would be assigned to Product A? (Do not round intermediate calculations.) Multiple Choice $68,000 $36.000 None of the answers are correct $111.000
The costs that are easiest to trace directly to products are a. direct materials and direct...
The costs that are easiest to trace directly to products are a. direct materials and direct labor. b. direct labor and overhead. c. direct materials and overhead. d. none of the above; all three costs are equally easy to trace to the product.
Costs drivers can typically be based on output volume or activity. Using volume based drivers to...
Costs drivers can typically be based on output volume or activity. Using volume based drivers to allocate indirect cost would generally result in more indirect costs being allocated to high volume products. All of the following are volume based cost drivers, except: Group of answer choices Direct labour hours Time taken to set-up machines Units of output Machine hours Direct material quantity (kg)
Hakara Company has been using direct labor costs as the basis for assigning overhead to its...
Hakara Company has been using direct labor costs as the basis for assigning overhead to its many products. Under this allocation system, product A has been assigned overhead of $23.76 per unit, while product B has been assigned $9.73 per unit. Management feels that an ABC system will provide a more accurate allocation of the overhead costs and has collected the following cost pool and cost driver information: Cost Pools Activity Costs Cost Drivers Activity Driver Consumption Machine setup $...
Hakara Company has been using direct labor costs as the basis for assigning overhead to its...
Hakara Company has been using direct labor costs as the basis for assigning overhead to its many products. Under this allocation system, product A has been assigned overhead of $27.90 per unit, while product B has been assigned $11.78 per unit. Management feels that an ABC system will provide a more accurate allocation of the overhead costs and has collected the following cost pool and cost driver information: Cost Pools Machine setup Materials handling Electric power Activity Costs Cost Drivers...
Hakara Company has been using direct labor costs as the basis for assigning overhead to its...
Hakara Company has been using direct labor costs as the basis for assigning overhead to its many products. Under this allocation system, product A has been assigned overhead of $28.26 per unit, while product B has been assigned $11.09 per unit. Management feels that an ABC system will provide a more accurate allocation of the overhead costs and has collected the following cost pool and cost driver information: Cost Pools Activity Costs Cost Drivers Activity Driver Consumption Machine setup $...
Class, resource demand is derived from demand for products and services that the resources produce. Demand...
Class, resource demand is derived from demand for products and services that the resources produce. Demand for products and services is a question of income and tastes. But resource demand is more passive in the sense that it is derived from the demand for the products the resource can produce. If a resource can’t be used in production of a desired product or service, there will not be any demand for it. Additionally, resources are often less mobile than products,...
Hakara Company has been using direct labor costs as the basis for assigning overhead to its...
Hakara Company has been using direct labor costs as the basis for assigning overhead to its many products. Under th allocation system, product A has been assigned overhead of $21.86 per unit, while product B has been assigned $13.35 per unit. Management feels that an ABC system will prov and has collected the following cost pool and cost driver information: ide a more accurate allocation of the overhead costs Ac tivity Driver Consumption 4,000 14,000 36, 000 Activity Costs Cost...
Hakara Company has been using direct labor costs as the basis for assigning overhead to its...
Hakara Company has been using direct labor costs as the basis for assigning overhead to its many products. Under this allocation system, product A has been assigned overhead of $28.26 per unit, while product B has been assigned $11.09 per unit. Management feels that an ABC system will provide a more accurate allocation of the overhead costs and has collected the following cost pool and cost driver information: Cost Pools Activity Costs Cost Drivers Activity Driver Consumption Machine setup $...
Hakara Company has been using direct labor costs as the basis for assigning overhead to its...
Hakara Company has been using direct labor costs as the basis for assigning overhead to its many products. Under this allocation system, product A has been assigned overhead of $30.25 per unit, while product B has been assigned $6.97 per unit. Management feels that an ABC system will provide a more accurate allocation of the overhead costs and has collected the following cost pool and cost driver information: points eBook Cost Pools Machine setup Materials handling Electric power Activity Costs...
Sheddon Industries produces two products. The products' identified costs are as follows: Direct materials Direct labor Product A $20,000 12,000 Product B $15,000 24,000 29 The company's overhead costs of $108,000 are allocated based on labor cost. Assume 4,000 units of product A and 5,000 units of Product B are produced. What amount of production costs would be assigned to Product A? (Do not round intermediate calculations.) Multiple Choice $68,000 $36.000 None of the answers are correct $111.000
Hakara Company has been using direct labor costs as the basis for assigning overhead to its many products. Under this allocation system, product A has been assigned overhead of $27.90 per unit, while product B has been assigned $11.78 per unit. Management feels that an ABC system will provide a more accurate allocation of the overhead costs and has collected the following cost pool and cost driver information: Cost Pools Machine setup Materials handling Electric power Activity Costs Cost Drivers...
Hakara Company has been using direct labor costs as the basis for assigning overhead to its many products. Under th allocation system, product A has been assigned overhead of $21.86 per unit, while product B has been assigned $13.35 per unit. Management feels that an ABC system will prov and has collected the following cost pool and cost driver information: ide a more accurate allocation of the overhead costs Ac tivity Driver Consumption 4,000 14,000 36, 000 Activity Costs Cost...
Hakara Company has been using direct labor costs as the basis for assigning overhead to its many products. Under this allocation system, product A has been assigned overhead of $30.25 per unit, while product B has been assigned $6.97 per unit. Management feels that an ABC system will provide a more accurate allocation of the overhead costs and has collected the following cost pool and cost driver information: points eBook Cost Pools Machine setup Materials handling Electric power Activity Costs...
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