please
answer all 4 multiple choice questionsHomework Answers
| 1st question : | ||
| Activity | Activity rate | |
| Moving materials ( 2700000 / 300 ) | 9000 | per move |
| Machining ( 2000000 / 10000 ) | 200 | per machine hour |
| Answer : Option d |
| 2nd question : |
| Answer : Option C [ Has customers as cost object ] |
| 3rd question : |
| Answer : Option d [ Assigning costs and overheads to activities ] |
| 4th question : |
| Answer : Option a [ Consumption ratio ] |
Add Answer to:
please
answer all 4 multiple choice questions
Ace Manufacturing identifies the following activities and drivers for...
Ace Manufacturing identifies the following activities and drivers for its operations: Activity Activity Driver Driver Quantity...
Ace Manufacturing identifies the following activities and drivers for its operations: Activity Activity Driver Driver Quantity Moving Materials Number of moves 200 Machining Machine hours 10,000 Ace estimates Moving Materials and Machining will cost $1,400,000 and $3,000,000 respectively. Ace's activity rates are: a.$70 per move and $3 per machine hour. b.$7 per move and $30 per machine hour. c.$700 per move and $3,000 per machine hour. d.$7,000 per move and $300 per machine hour.
1. An important difference between activity-based costing and traditional costing is that under activity-based costing, _____....
1. An important difference between activity-based costing and traditional costing is that under activity-based costing, _____. a.activities are not considered in determining product cost b.a plantwide overhead rate is used c.multiple overhead rates are calculated d.unit costs are less accurate 2. Activity-based customer costing: a.has a single driver for all customers. b.is not useful for companies with a JIT (just-in-time) structure. c.is not useful for companies with only one product. d.has customers as cost objects. 3. Which of the following...
1. An important difference between activity-based costing and traditional costing is that under activity-based costing, _____....
1. An important difference between activity-based costing and traditional costing is that under activity-based costing, _____. a.activities are not considered in determining product cost b.a plantwide overhead rate is used c.multiple overhead rates are calculated d.unit costs are less accurate 2. Activity-based customer costing: a.has a single driver for all customers. b.is not useful for companies with a JIT (just-in-time) structure. c.is not useful for companies with only one product. d.has customers as cost objects. 3. Which of the following...
Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Es...
Morgana Company identifies three activities in its manufacturing
process: machine setups, machining, and inspections. Estimated
annual overhead cost for each activity is $205,900, $411,200, and
$58,500, respectively. The cost driver for each activity and the
expected annual usage are number of setups 2,900, machine hours
25,700, and number of inspections 1,300.
Compute the overhead rate for each activity.
Machine setups
$
per setup
Machining
$
per machine hour
Inspections
$
per inspection
Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual...
Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $201,600, $413,100, and $84,600, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,800, machine hours 24,300, and number of inspections 1,800. Compute the overhead rate for each activity. Machine setups $ per setup Machining $ per machine hour Inspections $ per inspection
CALCULATOR PAINTER VERSION BACK NEXT Question 1 Morgana Company identifies three activities in its manufacturing process:...
CALCULATOR PAINTER VERSION BACK NEXT Question 1 Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $205,900, $265,100, and $78,400, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,900, machine hours 24,100, and number of inspections 1,600 Compute the overhead rate for each activity. Machine setups $ per setup Machining $ per machine hour Inspections per inspection
Question 1 --/1 View Policies Current Attempt in Progress Morgana Company identifies three activities in its...
Question 1 --/1 View Policies Current Attempt in Progress Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $177,500, $306,000, and $57,600, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,500, machine hours 25,500, and number of inspections 1,200. Compute the overhead rate for each activity. Machine setups $ per setup Machining per machine hour Inspections र per inspection...
5. Peter Company has the following pools, drivers and pool rates for its activity-based costing system:...
5. Peter Company has the following pools, drivers and pool rates for its activity-based costing system: Pool Driver Rate Machining Machine Hours $60 per machine hour Ordering of Parts Number of Orders $180 per order Design Design Hours $600 per design hour Customer Customers $2,200 per customer Other n/a n/a Becca Company placed an order with Peter for 1,800 units of a custom product. The order required $90,000 worth of direct material and $36,000 worth of direct labor. The order...
Direct labor or machine hours may not be the appropriate cost driver for overhead in all...
Direct labor or machine hours may not be the appropriate cost
driver for overhead in all areas of manufacturing due to the
complexities of many manufacturing processes. Many companies use
activity-based costing (ABC) which uses multiple drivers (items
that consume resources) rather than just one driver to apply
overhead to their activities. With ABC, a company can use a cost
driver that has a direct cause/effect relationship in its applied
overhead costs.
Waterways looked into ABC as a method of...
Direct labor or machine hours may not be the appropriate cost driver for overhead in all...
Direct labor or machine hours may not be the appropriate cost driver for overhead in all areas of manufacturing due to the complexities of many manufacturing processes. Many companies use activity-based costing (ABC) which uses multiple drivers (items that consume resources) rather than just one driver to apply overhead to their activities. With ABC, a company can use a cost driver that has a direct cause/effect relationship in its applied overhead costs. Waterways looked into ABC as a method of...
Morgana Company identifies three activities in its manufacturing
process: machine setups, machining, and inspections. Estimated
annual overhead cost for each activity is $205,900, $411,200, and
$58,500, respectively. The cost driver for each activity and the
expected annual usage are number of setups 2,900, machine hours
25,700, and number of inspections 1,300.
Compute the overhead rate for each activity.
Machine setups
$
per setup
Machining
$
per machine hour
Inspections
$
per inspection
CALCULATOR PAINTER VERSION BACK NEXT Question 1 Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $205,900, $265,100, and $78,400, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,900, machine hours 24,100, and number of inspections 1,600 Compute the overhead rate for each activity. Machine setups $ per setup Machining $ per machine hour Inspections per inspection
Question 1 --/1 View Policies Current Attempt in Progress Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $177,500, $306,000, and $57,600, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,500, machine hours 25,500, and number of inspections 1,200. Compute the overhead rate for each activity. Machine setups $ per setup Machining per machine hour Inspections र per inspection...
5. Peter Company has the following pools, drivers and pool rates for its activity-based costing system: Pool Driver Rate Machining Machine Hours $60 per machine hour Ordering of Parts Number of Orders $180 per order Design Design Hours $600 per design hour Customer Customers $2,200 per customer Other n/a n/a Becca Company placed an order with Peter for 1,800 units of a custom product. The order required $90,000 worth of direct material and $36,000 worth of direct labor. The order...
Direct labor or machine hours may not be the appropriate cost
driver for overhead in all areas of manufacturing due to the
complexities of many manufacturing processes. Many companies use
activity-based costing (ABC) which uses multiple drivers (items
that consume resources) rather than just one driver to apply
overhead to their activities. With ABC, a company can use a cost
driver that has a direct cause/effect relationship in its applied
overhead costs.
Waterways looked into ABC as a method of...
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