Which of the following activities would incur costs that could be tracked and allocated using Activity-Based...
Which of the following activities would incur costs that could be tracked and allocated using Activity-Based Costing?
Select one:
A. Machine set-ups
B. Customer billing process
C. Payroll preparation
D. Equipment maintenance and routine cleaning
E. All of the above
Homework Answers
Answer) E. All of the Above
Machine set-ups , customer billing, payroll preparation , equipment maintenance and routine cleaning could be tracked and allocated using activity based costing
A. Machine set-ups would incur costs that could be tracked and allocated using Activity-Based Costing.
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Which of the following activities would incur costs that could
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compute the total activity based costs allocated to product a and then compute the cost per...
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compute the total activity based costs allocated to product a
and then compute the cost per unit for product a. finally compute
the total activity based costs allocated to product b then compute
the cost per unit for product b
Daly Corp. is considering the use of activity-based costing. The following information is provided for the production of two product lines: (Cick the icon to view the information.) Daily plans to produce 200 units of Product A and 250 units...
Exercise 3B: Calculate rates of activity (Activity rates ) (value: 10 points) Pool Services, Inc. is a service company dedicated to the maintenance and cleaning of home pools. The owner understands that the costs depend on the amount of gallons of water in the pool, the distance to reach each customer and the total number of customers. It also depends on whether they are continuous use pools that require more maintenance or low-use pools that require more maintenance and the...
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International Steel Company has budgeted manufacturing overhead costs of $1,971,000. It has allocated overhead on a plant-wide basis to its two products (soft steel and hard steel) using machine hours, which are estimated to be 100,000 for the current year. The company has decided to experiment with activity-based costing and has created five activity cost pools and related activity cost drivers as follows: Activity Centre Material handling Purchase orders Product testing Machine set-up Machining Cost Driver Estimated Activity Number of...
Potter & Weasley Company had the following activities, estimated indirect activity costs, and allocation bases: Activities Account inquiry (hours) Account billing (lines) Account verification (accounts) Correspondence (letters) Potter & Weasley uses activity based costing. Indirect Activity Costs $85,500 $57,000 $35,250 $73,000 Allocation Base 3700 31,000 28,500 11,000 The above activities are used by Departments P and Q as follows: Department Q Department P 800 Account inquiry (hours) Account billing (lines) Account verification (accounts) Correspondence (letters) 400 10,000 6,000 1.000 4,000...
41. Activity-Based Costing Versus Traditional Approach, Activity-Based Management. Fine Finishing, Inc, produces a wood desk that sells for $500 and a wood table that sells for $900. Last year, total overhead costs of $6,000,000 were allocated based on direct labor costs. Direct labor costs totaled $2,000,000 last year, and the company produced 15,000 desks and 5,000 tables. Total direct labor and direct materials costs by product for last year were as follows: Desk Table Direct materials $1,575,000 $950,000 Direct labor...
Ripa Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have been allocated to the company's three activity pools as follows: Machining. $111,755; Order Filling, $175,800; and Fabrication, $135,405. Machining costs are assigned to products based on machine hours, Order Filling are assigned based on the number of orders, and Fabrication costs are assigned based on the number of machine setups required. Activity data are as follows: Machine Orders Setups Hours Product 750 255 1,560 X Product...
Mastery Problem: Activity-Based Costing WoolCorp Single Plantwide Rate Activity-Based Costing Final Question WoolCorp WoolCorp buys sheep's wool from farmers. The company began operations in January of this year, and is making decisions on product offerings, pricing, and vendors. The company is also examining its method of assigning overhead to products. You've just been hired as a production manager at WoolCorp. Currently WoolCorp makes two products: (1) raw, clean wool to be used as stuffing insulation and (2) wool yarn for...
(Ch4) Sleep Tight Company manufactures pillows using an activity-based costing system to allocate all manufacturing conversion costs. The company has identified "assembling" activity to which it has allocated estimated overhead of $13,860. It has determined the estimated use of cost drivers for that activity to be 4,200 parts. Each pillow consists of 4 parts. What is the cost of 'assembling' activity for each pillow? Select one: O a. $13.20 O b. All listed choices are incorrect. O c. $6.65 O...
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