7. A company uses activity-based costing to determine the costs of its three products: A, B,...
7.
A company uses activity-based costing to determine the costs of
its three products: A, B, and C. The budgeted cost and activity for
each of the company's three activity cost pools are shown in the
following table:
| Budgeted Activity | |||||||||
| Activity Cost Pool | Budgeted Cost | Product A | Product B | Product C | |||||
| Activity 1 | $ | 70,000 | 6,000 | 9,000 | 20,000 | ||||
| Activity 2 | $ | 45,000 | 7,000 | 15,000 | 8,000 | ||||
| Activity 3 | $ | 82,000 | 2,500 | 1,000 | 1,625 | ||||
How much overhead will be assigned to Product B using activity-based costing?
Group of answer choices
$62,500
$70,000
$197,000
$78,000
$56,500
Homework Answers
Activity rate=Respective cost/Respective activity
Activity rate for:
Activity 1=70,000/(6000+9000+20,000)=$2
Activity 2=45000/(7000+15000+8000)=$1.5
Activity 3=82000/(2500+1000+1625)=$16
Hence overhead assigned to Product B=(2*9000)+(1.5*15000)+(16*1000)
=$56500
Add Answer to:
7.
A company uses activity-based costing to determine the costs of
its three products: A, B,...
A company uses activity-based costing to determine the costs of its three products: A, B, and...
A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Budgeted Activity Activity Cost Pool Budgeted Cost Product A Product B Product C Activity 1 $70,000 6,000 9,000 20,000 Activity 2 $45,000 7,000 15,000 8,000 Activity 3 $82,000 2,500 1,000 1,625 How much overhead will be assigned to Product B using activity-based costing?...
A company uses activity-based costing to determine the costs of its three products: A, B, and...
A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Activity cost pool budgeted cost product A product B product C Activity 1 70,000 6,000 9,000 20,000 Activity 2 45,000 7,000 15,000 8,000 Activity 3 82,000 2,500 1,000 1,625 How much overhead will be assigned to product B using activity-based costing?
A company uses activity-based costing to determine the costs of its three products: A, B, and...
A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Budgeted Activity Activity Cost Pool Budgeted Cost Product A Product B Product C Activity 1 $ 70,000 6,000 9,000 20,000 Activity 2 $ 45,000 7,000 15,000 8,000 Activity 3 $ 82,000 2,500 1,000 1,625 How much overhead will be assigned to Product B...
A company uses activity-based costing to determine the costs of its three products: A, B, and...
A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Activity Cost Pool Activity 1 Activity 2 Activity 3 Budgeted Cost $70,000 $45,000 $82,000 Budgeted Activity Product A Product B Product C 6,000 9,000 20,000 7,000 15,000 8,000 2,500 1,000 1,625 How much overhead will be assigned to Product B using activity-based costing?
6. A company uses activity-based costing to determine the costs of its three products: A, B,...
6. A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Budgeted Activity Activity Cost Pool Budgeted Cost Product A Product B Product C Activity 1 $ 70,000 6,000 9,000 20,000 Activity 2 $ 45,000 7,000 15,000 8,000 Activity 3 $ 82,000 2,500 1,000 1,625 What are the activity rates for the three...
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A company uses activity-based costing to determine the costs of its three products: A, B, and...
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A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Budgeted Activity Activity Cost Pool Budgeted Cost Product A Product B Product C Activity 1 $70,000 6,000 9,000 20,000 Activity 2 $45,000 7,000 15,000 8,000 Activity 3 $82,000 2,500 1,000 1,625 How much overhead will be assigned to Product B using activity-based costing?...
A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Activity Cost Pool Activity 1 Activity 2 Activity 3 Budgeted Cost $70,000 $45,000 $82,000 Budgeted Activity Product A Product B Product C 6,000 9,000 20,000 7,000 15,000 8,000 2,500 1,000 1,625 How much overhead will be assigned to Product B using activity-based costing?
A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Activity Cost Pool Activity 1 Activity 2 Activity 3 Budgeted Activity Budgeted Cost Product A Product B Product C $70,000 6,000 9,000 20,000 $45,000 7,000 15,000 8,000 $82,000 2,500 1,000 1,625 What are the activity rates for the three activities under activity-based costing?...
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