Homework Answers
| Total overhead = $468000 | ||||||
| Traditional costing method of allocation on Direct Labor Cost. | ||||||
| Ratio of Audit services based on DLC = 50000/(50000+100000) = 1/3 | ||||||
| Overhead applied to audit services using traditional costing is: | ||||||
| 468000 * (1/3) = $156000 | ||||||
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TACT 2101 21 CALCULATOR BACK NEXT Multiple Choice Question 143 Gant Accounting performs two types of...
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Current Attempt in Progress Gant Accounting performs two types of services, Audit and Tax. Gant's overhead...
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Gant Accounting performs two types of services, Audit and Tax. Gant's overhead cost consist of computer...
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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
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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...
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