A key difference between using multiple production department rates and activity-based costing is a. the multiple...
A key difference between using multiple production department rates and activity-based costing is
a. the multiple production department rate method is used to distribute general and administrative costs to production departments and activity-based costing is used to distribute overhead costs to production activities
b. the multiple production department rate method is used to distribute overhead costs to production departments and activity-based costing is used to distribute overhead costs to production activities
c. the multiple production department rate method is used to distribute general and administrative costs to production departments and activity-based costing is used to distribute general and administrative costs to production activities
d. the multiple production department rate method is used to distribute overhead costs to production activities and activity-based costing is used to distribute overhead costs to production departments
Homework Answers
Answer -
A key difference between using multiple production department rates and activity-based costing is -
The multiple production department rate method is used to distribute overhead costs to production departments and activity-based costing is used to distribute overhead costs to production activities.
Hence, Option - (B) is Correct.
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A key difference between using multiple production department rates and activity-based costing is a. the multiple...
Instructions 1. Determine the multiple production department factory overhead rates, using direct labor hours for the...
Instructions 1. Determine the multiple production department factory overhead rates, using direct labor hours for the Stamping Department and machine hours for the Plating Department. 2. Determine the product factory overhead costs, using the multiple production department rates in (1) PR 4-3A Activity-based and department rate product costing and Obj. 3,4 product cost distortions ards, Black and Blue Sports Inc. manufactures two products: snowboards and skis. The factory over- d $65 head incurred is as follows: Indirect labor Cutting Department...
Activity-based and department rate product costing and product cost distortions Instructions Amount Descriptions Factory Overhead Rates...
Activity-based and department rate product costing and product cost distortions Instructions Amount Descriptions Factory Overhead Rates Factory Overhead Costs Instructors Black and Sue Sports Inc. manufactures two products onboards and is the factory overhead incurred is as follows: 1 Indirect labor 350700 15600000 Cutting Department 3 Finishing Department 19200000 S855000.00 The activity base associated with the two production departments is direct labor hours. The Indirect labor can be assigned to two different activities as follows: Activity Base Budgeted Activity Cost...
When activity-based costing is used to apply overhead to products, support department costs are referred to...
When activity-based costing is used to apply overhead to products, support department costs are referred to as a.department activity costs b.support activity costs c.activity-based department costs d.multiple activity costs In the process of applying overhead using multiple production department rates, overhead costs are directly traced to support and production departments and are then allocated to production departments based on the amount of support activity used by each department. True False The physical units method and the weighted average method are...
When multiple production department rates are used to apply overhead to products, overhead costs are a....
When multiple production department rates are used to apply overhead to products, overhead costs are a. combined with all other support department costs using a single rate and then allocated to products with multiple rates. b. first directly traced or distributed to the products using multiple rates. C. expensed as period costs and direct labor and direct materials are traced to the products using multiple production department rates. Od. first directly traced or distributed to support and production departments and...
Activity-Based And Department Rate Product Costing and Product Cost Distortions Black and Blue Sports Inc. manufactures...
Activity-Based And Department Rate Product Costing and Product Cost Distortions Black and Blue Sports Inc. manufactures two products: snowboards and skis. The factory overhead incurred is as follows: Indirect labor Cutting Department Finishing Department $507,000 156,000 192,000 Total $855,000 The activity base associated with the two production departments is direct labor hours. The indirect labor can be assigned to two different activities as follows: Activity Activity Base Budgeted Activity Cost $237,000 270,000 Production control Number of production runs Number of...
**Please show work** Activity-Based And Department Rate Product Costing and Product Cost Distortions Black and Blue...
**Please show work** Activity-Based And Department Rate Product Costing and Product Cost Distortions Black and Blue Sports Inc. manufactures two products: snowboards and skis. The factory overhead incurred is as follows: Indirect labor $507,000 Cutting Department 156,000 Finishing Department 192,000 Total $855,000 The activity base associated with the two production departments is direct labor hours. The indirect labor can be assigned to two different activities as follows: Activity Budgeted Activity Cost Activity Base Production control $237,000 Number of production runs...
A key aspect to the multiple production department rate method for overhead application is a. choosing...
A key aspect to the multiple production department rate method for overhead application is a. choosing an appropriate cost driver for each production department b. choosing an appropriate cost driver for each product manufactured c. choosing an appropriate number of support departments to include in overhead d. determining the amount of support activity used by the entire production facility
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...
3. Determine the activity rates, assuming that the indirect labor is associated with activities rather than...
3. Determine the activity rates, assuming that the indirect labor is associated with activities rather than with the production departments. Round per unit amounts to the nearest whole cent. Activity Activity Rate Production Control $ 474 per prod. run Materials Handling $ 36 per move Cutting Department $ 26 per dih Finishing Department 32 per dih 4. Determine the total and per-unit cost assigned to each product under activity-based costing. Round the per unit amounts to the nearest whole cent....
Instructions 1. Determine the multiple production department factory overhead rates, using direct labor hours for the Stamping Department and machine hours for the Plating Department. 2. Determine the product factory overhead costs, using the multiple production department rates in (1) PR 4-3A Activity-based and department rate product costing and Obj. 3,4 product cost distortions ards, Black and Blue Sports Inc. manufactures two products: snowboards and skis. The factory over- d $65 head incurred is as follows: Indirect labor Cutting Department...
Activity-based and department rate product costing and product cost distortions Instructions Amount Descriptions Factory Overhead Rates Factory Overhead Costs Instructors Black and Sue Sports Inc. manufactures two products onboards and is the factory overhead incurred is as follows: 1 Indirect labor 350700 15600000 Cutting Department 3 Finishing Department 19200000 S855000.00 The activity base associated with the two production departments is direct labor hours. The Indirect labor can be assigned to two different activities as follows: Activity Base Budgeted Activity Cost...
When multiple production department rates are used to apply overhead to products, overhead costs are a. combined with all other support department costs using a single rate and then allocated to products with multiple rates. b. first directly traced or distributed to the products using multiple rates. C. expensed as period costs and direct labor and direct materials are traced to the products using multiple production department rates. Od. first directly traced or distributed to support and production departments and...
Activity-Based And Department Rate Product Costing and Product Cost Distortions Black and Blue Sports Inc. manufactures two products: snowboards and skis. The factory overhead incurred is as follows: Indirect labor Cutting Department Finishing Department $507,000 156,000 192,000 Total $855,000 The activity base associated with the two production departments is direct labor hours. The indirect labor can be assigned to two different activities as follows: Activity Activity Base Budgeted Activity Cost $237,000 270,000 Production control Number of production runs Number of...
3. Determine the activity rates, assuming that the indirect labor is associated with activities rather than with the production departments. Round per unit amounts to the nearest whole cent. Activity Activity Rate Production Control $ 474 per prod. run Materials Handling $ 36 per move Cutting Department $ 26 per dih Finishing Department 32 per dih 4. Determine the total and per-unit cost assigned to each product under activity-based costing. Round the per unit amounts to the nearest whole cent....
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