Homework Answers
12.
Activity rate = cost pool / total activity
= $1195279/7333
= $163
Answer is option D.
13.
Cash collection in June
= 50% of June + 47% of may + 3 % of April
= ($180000*50%) + ($190000*47%) + ($170000*3%)
= $90000 + $89300 + $5100
= $184400
Answer is option D.
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12 & 13
12) Data concerning three of the activity cost pools of Salcido LLC, a...
13&14 on provided below l minth Total Activity 600 research hours Activity Cost Pool Researching legal...
13&14
on provided below l minth Total Activity 600 research hours Activity Cost Pool Researching legal issues Meeting with clients 5 .195279 The activity rate for the meeting with clients activity cost pool is closest to A) 591 per meeting hour 51.195279 permeting hour C) 572 per meeting hour D) 5161 por meeting hour 13) The BRS Corporation makes collections on sales according to the following schedule 50% in month of sale 47% in month following sale 396 in second...
#15 C) 572 per meeting hour D) $163 per meeting hour 13) The BRS Corporation makes...
#15
C) 572 per meeting hour D) $163 per meeting hour 13) The BRS Corporation makes collections on sales according to the following schedule: 50% in month of sale 47% in month following sale 39 in second month following sale The following sales have been budgeted: Sales April $ 170,000 May $ 190,000 June $ 180,000 Budgeted cash collections in June would be: A) $179,300 B) $180,510 C) $180,000 D) $184,400 14) Parwin Corporation plans to sell 28,000 units during...
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
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...
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...
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 French Company, an accounting firm, have been provided below: Activity Cost pools Total Cost Total activity Researching accounting issues $ 20,900 550 research hours Meeting with clients $155,000 1,000 meeting hours Preparing documents $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 5155 per meeting hour Ocho Corporation uses the following...
The Escobar Corporation uses activity-based costing. They have three cost pools, as follows. Activity Cost Pool...
The Escobar Corporation uses activity-based costing. They have three cost pools, as follows. Activity Cost Pool Polishing Finishing Other Activity Driver Machine Hours Batch Starts None Budgeted Cost Pool $100,000 $55,000 $112,000 Budgeted Activity Driver 1,600 500 n/a What are Escobar Corporation's activity rates for these activity cost pools? a. Polishing: $62.50 per machine hour; Finishing: $110 per batch start; Other: no rate b. Polishing: $100,000 per machine hour; Finishing: $55,000 per batch start; Other: $112,000 c. Polishing: $166.88 per...
1. Tatman Corporation uses an activity-based costing system with the following three activity cost pools: Activity...
1. Tatman Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Total Activity Fabrication 10,000 Machine-hours Order Processing 800 Orders Other N/A The other activity pool is used to accumulate costs of idle capacity and organization-sustaining costs. The company has provided the following data concerning its costs: Wages and Salaries 320,000 Depreciation 220,000 Occupancy 120,000 Total 660,000 The distribution of resource consumptions across activity cost pools is given below: (Activity Cost Pools/Order) Fabrication...
Meester Corporation has an activity-based costing system with three activity cost pools--Machining, Order Filling, and Other....
Meester Corporation has an activity-based costing system with three activity cost pools--Machining, Order Filling, and Other. In the first stage allocations, costs in the two overhead accounts, equipment depreciation and supervisory expense, are allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Overhead costs: Equipment depreciation Supervisory expense $87,000 $ 9,400 Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost Pools Order Filling 2.30 0.20 Machining 0.60 0.60 Equipment depreciation...
16. Johansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead...
16. Johansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for the next year: Direct materials $ 6,000 Direct labor $ 20,000 Rent on factory building $ 15,000 Sales salaries $ 25,000 Depreciation on factory equipment $ 8,000 Indirect labor $ 12,000 Production supervisor's salary $ 15,000 Jameson estimates that 20,000 direct labor-hours will be worked during the year. The predetermined overhead rate per...
13&14
on provided below l minth Total Activity 600 research hours Activity Cost Pool Researching legal issues Meeting with clients 5 .195279 The activity rate for the meeting with clients activity cost pool is closest to A) 591 per meeting hour 51.195279 permeting hour C) 572 per meeting hour D) 5161 por meeting hour 13) The BRS Corporation makes collections on sales according to the following schedule 50% in month of sale 47% in month following sale 396 in second...
#15
C) 572 per meeting hour D) $163 per meeting hour 13) The BRS Corporation makes collections on sales according to the following schedule: 50% in month of sale 47% in month following sale 39 in second month following sale The following sales have been budgeted: Sales April $ 170,000 May $ 190,000 June $ 180,000 Budgeted cash collections in June would be: A) $179,300 B) $180,510 C) $180,000 D) $184,400 14) Parwin Corporation plans to sell 28,000 units during...
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
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...
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...
Data concerning three of the activity cost pools of French Company, an accounting firm, have been provided below: Activity Cost pools Total Cost Total activity Researching accounting issues $ 20,900 550 research hours Meeting with clients $155,000 1,000 meeting hours Preparing documents $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 5155 per meeting hour Ocho Corporation uses the following...
Meester Corporation has an activity-based costing system with three activity cost pools--Machining, Order Filling, and Other. In the first stage allocations, costs in the two overhead accounts, equipment depreciation and supervisory expense, are allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Overhead costs: Equipment depreciation Supervisory expense $87,000 $ 9,400 Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost Pools Order Filling 2.30 0.20 Machining 0.60 0.60 Equipment depreciation...
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