Homework Answers
Answer- 4)-The overhead rate used to calculate overhead to the services will be= $6 per CPU minute and $150 per legal hours used.
Explanation- Overhead rate for overhead cost support = Overhead costs/Total CPU minutes
= $300000/(40000 CPU minutes+10000 minutes)
= $300000/$50000 CPU minutes
= $6 per CPU minute
Overhead rate for legal support = Legal support costs/Total legal hours used
= $300000/(200 hours+800 hours)
= $150000/1000 hours
= $150 per legal hour used
Add Answer to:
If Gant allocates overhead using activity based costing (with CPU minutes the cost driver for computer...
5. IT Gant allocates overhead using activity based costing (with CPU minutes the cost driver for...
5. IT Gant allocates overhead using activity based costing (with CPU minutes the cost driver for computer support and legal hours used the cost driver for legal support), the overhead allocated to the se will be compute using the overhead rates from #19 above): Audit overhead Tax overhead Data for Questions 3,4 and 5 Gant Accounting performs two types of services, Audit and Tax. Gant's ou support, $300,000; and legal support, $150,000. Information on the two s AUDIT $600,000 40,000...
If Gant allocates overhead using activity based cost os overhead using activity based costina (with CPU...
If Gant allocates overhead using activity based cost os overhead using activity based costina (with CPU minutes the cost driver for computer end rates used to allocate support and legal hours used the cost driver for legal support) the overhead rates used to an overhead to the services will be: per CPU Minute and Per legal Hour Used support, $300,000; and legal support, $150,000. Information on the two services is: AUDIT $600,000 40,000 200 Direct labor costs CPU minutes Legal...
Gant Accounting performs two types of services, Audit and Tax. Gant's overhead cost consist of computer...
Gant Accounting performs two types of services, Audit and Tax.
Gant's overhead cost consist of computer support, $300,000; and
legal support, $150,000.
audit. tax
direct labor cost. $600,000 $900,000
CPU minutes. 40,000 10,000
Legal hours used. 200 800
If Gant allocates overhead using activity based costing (with CPU minutes the cost driver for computer support and legal hours used the cost driver for legal support), the overhead rates used to allocate overhead to the services will be: per CPU...
2. The most likely relevant facility-level cost driver for heating costs in the factory is Data...
2. The most likely relevant facility-level cost driver for heating costs in the factory is Data for Questions 3,4 and 5 Gant Accounting performs two types of services. Audit and Tax, Gant's overhead costs consist of computer support, $300,000. und legal support, $150.000. Information on the two services is: Direct labor costs CPU minutes Legal hours used AUDIT $600,000 40,000 200 TAX $900,000 10,000 800 If Gant allocates overhead using the traditional approach based upon direct labor cost, the overhead...
a.) Gant Accounting performs two types of services, Audit and Tax. Gant's overhead costs consist of...
a.) Gant Accounting performs two types of services, Audit and Tax. Gant's overhead costs consist of computer support, $300,000 (with a cost driver of CPU minutes); and legal support, $150,000 (with a cost driver of Legal hours used). Information on the two services is: Audit Tax Direct labor cost $50,000 $100,000 CPU minutes 30,000 20,000 Legal hours used 300 700 Overhead applied to audit services using activity-based costing is b.) Edmiston Company reported the following year-end information: beginning work in...
Gant Accounting performs two types of services, Audit and Tax. Gant's overhead costs consist of computer...
Gant Accounting performs two types of services, Audit and Tax. Gant's overhead costs consist of computer support, $234000; and legal support, $114000. Information on the two services is: Audit Tax Direct labor cost $50000 $100000 CPU minutes 40000 10000 Legal hours used 800 Gant Accounting performs tax services for Cathy Lane. Direct labor cost is $1200; 600 CPU minutes were used; and 1 legal hour was used. What is the total cost of the Lane job using activity-based costing? 200...
Gant Accounting performs two types of services, Audit and Tax. Gant’s overhead costs consist of computer...
Gant Accounting performs two types of services, Audit and Tax. Gant’s overhead costs consist of computer support, $312000; and legal support, $156000. Information on the two services is: Audit Tax Direct labor cost $50000 $100000 CPU minutes 40000 10000 Legal hours used 200 800 Overhead applied to audit services using activity-based costing is $187200. $156000. $312000. $280800.
Gant Accounting performs two types of services, Audit and Tax, Gant's overhead costs consist of computer...
Gant Accounting performs two types of services, Audit and Tax, Gant's overhead costs consist of computer support, $276000; and legal support, $138000. Information on the two services is: Direct labor cost CPU minutes Legal hours used Audit $50000 40000 200 Tax $100000 10000 800 Overhead applied to audit services using traditional costing is $276000. d $248400. $138000. $16560
Question 15 Gant Accounting performs two types of services, Audit and Tax. Gant's overhead costs consist...
Question 15 Gant Accounting performs two types of services, Audit and Tax. Gant's overhead costs consist of computer support, $312000; and legal support, $153000. Information on the two services is Direct labor cost CPU minutes Legal hours used Audit Tax $50000 100000 40000 10000 200 500 Gant Accounting performs tax services for Cathy Lane. Direct labor cost is $1200, 600 CPU minutes were used, and legal hour was used. What is the total cost of the Lane job using activity...
Multiple Choice Question 147 Gant Accounting performs two types of services, Audit and Tax, Gant's overhead...
Multiple Choice Question 147 Gant Accounting performs two types of services, Audit and Tax, Gant's overhead costs consist of computer support, $360000; and legal support, $177000. Information on the two services is: Audit Tax Direct labor cost $50000 $100000 CPU minutes 40000 10000 Legal hours used 200 800 Gant Accounting performs tax services for Cathy Lane. Direct labor cost is $1200; 600 CPU minutes were used; and 1 legal hour was used. What is the total cost of the Lane...
5. IT Gant allocates overhead using activity based costing (with CPU minutes the cost driver for computer support and legal hours used the cost driver for legal support), the overhead allocated to the se will be compute using the overhead rates from #19 above): Audit overhead Tax overhead Data for Questions 3,4 and 5 Gant Accounting performs two types of services, Audit and Tax. Gant's ou support, $300,000; and legal support, $150,000. Information on the two s AUDIT $600,000 40,000...
If Gant allocates overhead using activity based cost os overhead using activity based costina (with CPU minutes the cost driver for computer end rates used to allocate support and legal hours used the cost driver for legal support) the overhead rates used to an overhead to the services will be: per CPU Minute and Per legal Hour Used support, $300,000; and legal support, $150,000. Information on the two services is: AUDIT $600,000 40,000 200 Direct labor costs CPU minutes Legal...
Gant Accounting performs two types of services, Audit and Tax.
Gant's overhead cost consist of computer support, $300,000; and
legal support, $150,000.
audit. tax
direct labor cost. $600,000 $900,000
CPU minutes. 40,000 10,000
Legal hours used. 200 800
If Gant allocates overhead using activity based costing (with CPU minutes the cost driver for computer support and legal hours used the cost driver for legal support), the overhead rates used to allocate overhead to the services will be: per CPU...
2. The most likely relevant facility-level cost driver for heating costs in the factory is Data for Questions 3,4 and 5 Gant Accounting performs two types of services. Audit and Tax, Gant's overhead costs consist of computer support, $300,000. und legal support, $150.000. Information on the two services is: Direct labor costs CPU minutes Legal hours used AUDIT $600,000 40,000 200 TAX $900,000 10,000 800 If Gant allocates overhead using the traditional approach based upon direct labor cost, the overhead...
Gant Accounting performs two types of services, Audit and Tax. Gant's overhead costs consist of computer support, $234000; and legal support, $114000. Information on the two services is: Audit Tax Direct labor cost $50000 $100000 CPU minutes 40000 10000 Legal hours used 800 Gant Accounting performs tax services for Cathy Lane. Direct labor cost is $1200; 600 CPU minutes were used; and 1 legal hour was used. What is the total cost of the Lane job using activity-based costing? 200...
Gant Accounting performs two types of services, Audit and Tax, Gant's overhead costs consist of computer support, $276000; and legal support, $138000. Information on the two services is: Direct labor cost CPU minutes Legal hours used Audit $50000 40000 200 Tax $100000 10000 800 Overhead applied to audit services using traditional costing is $276000. d $248400. $138000. $16560
Question 15 Gant Accounting performs two types of services, Audit and Tax. Gant's overhead costs consist of computer support, $312000; and legal support, $153000. Information on the two services is Direct labor cost CPU minutes Legal hours used Audit Tax $50000 100000 40000 10000 200 500 Gant Accounting performs tax services for Cathy Lane. Direct labor cost is $1200, 600 CPU minutes were used, and legal hour was used. What is the total cost of the Lane job using activity...
Multiple Choice Question 147 Gant Accounting performs two types of services, Audit and Tax, Gant's overhead costs consist of computer support, $360000; and legal support, $177000. Information on the two services is: Audit Tax Direct labor cost $50000 $100000 CPU minutes 40000 10000 Legal hours used 200 800 Gant Accounting performs tax services for Cathy Lane. Direct labor cost is $1200; 600 CPU minutes were used; and 1 legal hour was used. What is the total cost of the Lane...
Most questions answered within 3 hours.
-
Consider the reaction, C3 H8 + O2 --> CO2 + H2O. How many
moles of O2...
asked 1 hour ago -
You and your opponent both roll a fair die. If you both roll the
same number,...
asked 1 hour ago -
In a study of the accuracy of fast food drive-through orders,
Restaurant A had 257 accurate...
asked 1 hour ago -
Identify and describe in detail the four categories of
institutions that could be included in a...
asked 1 hour ago -
In python
class Customer:
def __init__(self, customer_id, last_name, first_name, phone_number, address):
self._customer_id = int(customer_id)
self._last_name =...
asked 1 hour ago -
What is an example of a limitation in implementing a new
ERP system and how it...
asked 1 hour ago -
In a section of 9.7cm of an artery with a radius of 2.6mm there
is a...
asked 1 hour ago -
the two carboxylic acid groups of aspartic acid have different
acidities with pKa values of 2.1...
asked 1 hour ago -
Would CuCO3 aqueous salt combined with calcium chloride
form a solid precipitate? If so, what would...
asked 1 hour ago -
How do ECM Solutions assist in embedding a culture of continuous
improvement in an organization? (Project...
asked 2 hours ago -
Directions
These directions introduce the idea of Essential Questions.
Since this may be a new concept...
asked 2 hours ago -
1.b. Fiscal policy is said to suffer from ‘crowding out’.
Explain what this means and why...
asked 2 hours ago