Which of the following will give you the most accurate allocation between a cost's fixed component and variable component?
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Which of the following will give you the most accurate allocation between a cost's fixed component and variable component?
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- Which of the following best defines the allocation base Select one: O a. It is selected based on the volume of cost O b. It is a measure of activity used to allocate costs to a cost object O c. It is changing on a monthly base O d. It is chosen for each cost categoryComplete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio:(Round your answers to two decimal places when needed and use rounded answers for all future calculations).a. Using the step method to allocate the service center costs, What is the total cost of Programming and classes?b. Using the direct method of allocating service center costs, Compute the total cost of Individual Fitnessc.Using the algebraic method of allocating service center costs Determine the total costs of Programming and Classes
- Discuss two different criteria Mr. Smith can use to determine the sequence for allocating support department costs using the step-down method.Activity rates are determined by O a. dividing the cost budgeted for each activity pool by the actual activity base for that pool Ob. dividing the actual cost for each activity pool by the actual activity base for that pool Oc. dividing the cost budgeted for each activity pool by the estimated activity base for that pool Od. dividing the actual cost for each activity pool by the estimated activity base for that poolA. Service costing is a costing method used to compute the costs of services rendered.Provide the most suitable basis to calculate the cost for the following services:i) Audit ii) Hotel iii) Hospital
- What is the measured mile approach used for?a. Calculate budget spentb. Measure office overheadc. Calculate loss of productivityd. Measure unit costs on siteQ.Selecting cost-allocation bases that you believe are the most appropriate for allocating indirect costs to programs, calculate the budgeted indirect cost rates for medical supplies; rent and clinic maintenance; administrative costs for patient charts, food, and laundry; and laboratory services.Need help finding the Direct labor budget & MOH budget. I attached what i have so far.
- Mack Precision Tool and Die has two production departments, Fabricating and Finishing, and two service departments, Repair and Quality Control. Direct costs for each department and the proportion of service costs used by the various departments for the month of March follow: Department Fabricating Finishing Repair Quality Control Direct Costs Repair $ 149,600 112, 200 48,300 90,300 Required A 0 0.8 Required B Proportion of Services Used by Quality Control Fabricating Required: Use the step method to allocate the service costs, using the following: 0.2 0 a. The order of allocation starts with Repair. b. The allocations are made in the reverse order (starting with Quality Control). Complete this question by entering your answers in the tabs below. 0.6 0.1 Cost Allocation To: Finishing 0.2 0.1 Use the step method to allocate the service costs, using the following: The order of allocation starts with Repair. Note: Amounts to be deducted should be indicated by a minus sign. Do not round…Required: Rank the support departments based on the percentage of their services provided to other support departments. Use this ranking to allocate the support departments’ costs to the operating departments based on the step-down method.Matching Following are a number of key terms and concepts introduced in thechapter, along with a list of corresponding definitions. Match the appropriate letter for the key term or concept to each definition provided (items 1–12). Note thatnot all key terms and concepts will be used. Answers are provided at the end of thischapter.a. Cost–volume–profit analysisb. Cost formulac. Contribution margind. Contribution margin formatincome statemente. Linearity assumptionf. Contribution margin ratiog. Operating leverageh. Sales mixi. Break-even pointj. High–low techniquek. Managerial accountingl. Management processm. Variable costn. Fixed costo. Relevant rangep. Mixed (semivariable) costq. Cost behavior pattern____ 1. The proportion of total sales represented by various products or categoriesof products.____ 2. The difference between revenues and variable costs.____ 3. The concept that operating income changes proportionately more than revenues for any given change in revenues.____ 4. The…