Which of the above statements are true?
4,
He over head cost allocated to Beta by using activity-based costing procedures would be:
Which statement is true:
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At the economic order quantity | ||
a. Total annual inventor costs holding costs and ordering costs are all minimized | ||
Consider the following statements regarding traditional costing systems: | ||
a. I only. | Overhead costs are applied to products on the basis volume related measures | |
Answer 3 | ||
Costs incurred | 203,000.00 | A |
Total calls | 7,000.00 | B |
Cost per call | 29.00 | C=A/B |
Calls for wholesale operations | 2,940.00 | D |
Calls for retail operations | 4,060.00 | E=B-D |
Cost of Calls for retail operations | 117,740.00 | F=E*C |
Answer d | ||
4. Which of the following is classified as an inventory shortage cost? | ||
d. Spoilage | ||
Answer 5 | ||
Cannot answer as all the information not provided. | ||
6. Inventory holding costs typically include: | ||
e. Costs deterioration, theft, or spoilage and forgone interest on money tied up in inventory. | ||
Answer 7 | ||
Actual hours per order | 5.00 | G |
Standard hours per order | 4.00 | H |
Excess hour per order | 1.00 | I=G-H |
Number of orders | 26.00 | J |
Total Excess hours | 26.00 | K=I*J |
Cost per hour | 14.00 | L |
Total non value cost | 364.00 | M=K*L |
Answer c | ||
8. Consider the following statements | ||
b. II only | ||
9. An activity based costing system, direct material used would typically be classified as a | ||
a. Unit level cost |
At the economic order quantity Total annual inventor costs holding costs and ordering costs are all minimized Total an...
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