A Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity-based costing system: Cost: Wages and salaries. Depreciation Utilities Total MENU TOW OF CINECITANGGUN Distribution of resource consumption: Assembly 20% 15% 5% Wages and salaries Depreciation Utilities ****** Answer. (Click to select) ***¨¨¨¨¨¨¨¨¨¨¨¨..…......... (Click to select) Activity Cost Pools Setting Up Other 60% 20% 35% 50% 55% 40% Q. How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool? $103,200 $130,200 $93,200 $120,200 $466,000 $180,000 $200,000 $846,000 Total 100% 100% 100%

A Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity-based costing system: Cost: Wages and salaries. Depreciation Utilities Total MENU TOW OF CINECITANGGUN Distribution of resource consumption: Assembly 20% 15% 5% Wages and salaries Depreciation Utilities **** Answer. (Click to select) *¨¨¨¨¨¨¨¨¨¨¨¨..…......... (Click to select) Activity Cost Pools Setting Up Other 60% 20% 35% 50% 55% 40% Q. How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool? $103,200 $130,200 $93,200 $120,200 $466,000 $180,000 $200,000 $846,000 Total 100% 100% 100%

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 9MC: Which is not a step In activity-based costing? A. identify the activities performed by the...

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From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences: a. A product, sales territory, department, or activity to which costs are traced is called a (direct cost, cost object). b. Advertising costs are usually viewed as (period, product) costs. c. Factory overhead costs combined with direct labor costs are called (prime, conversion) costs. d. Feedback is often used to (improve, direct) operations. e. A sacrifice made to obtain some benefit is a (cost, expense). f. The balance sheet of a manufacturer would include an account for (cost of goods sold, work in process inventory). g. The implementation of automatic, robotic factory equipment normally (increases, decreases) the direct labor component of product costs.
1 viyalization-sustaining activity. The following COSTS will be assigned using the activity-based Costing system. Driver and guard wages Vehicle operating expense Vehicle depreciation Customer representative salaries and expenses oints Office expenses Administrative expenses Total cost $ 920,000 350,000 230,000 260,000 120,000 420,000 $2,300,000 eBook The distribution of resource consumption across the activity cost pools is as follows: Hint Pickup and Travel Delivery Customer Service Other Totals Driver and guard wages 50% 35% 10% 5% 100% Print Vehicle operating expense 70% 5% 0% 25% 100% Vehicle depreciation 60% 15% 0% 25% 100% Customer representative salaries and 0% 0% 90% 10% 100% expenses Office expenses 0% 20% 30% 50% 100% Administrative expenses 0% 5% 60% 35% 100% Mc Graw Hill Required: Complete the first stage allocations of costs to activity cost pools. Driver and guard wages Vehicle operating expense Vehicle depreciation Customer representative salaries and expenses Office…
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 PoolBudgeted Cost Product AProduct BProduct Activity 1 7,500 10,500 21,500 Activity 2 8,500 16,500 9,500 Activity 3 4,000 2,500 3,125 How much overhead will be assigned to Product B using activity-based costing? 85,000 60,000 112,000
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Which is not a step In activity-based costing? A. identify the activities performed by the organization B. identify the cost driver(s) associated with each activity C. compute a cost rate per production D. assign costs to products by multiplying the cost driver rate by the volume of the cost driver units consumed by the product
Summarized data for Backdraft Co. for its first year of operations are as follows: A. Prepare an income statement under absorption costing B. Prepare an income statement under variable costing
Summarized data for Walrus Co. for its first year of operations are: A. Prepare an income statement under absorption costing B. Prepare an income statement under variable 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: Budgeted Activity Activity Cost Pool Activity 1 Activity 2 Activity 3 Budgeted Cost Product A Product B 6,300 7,300 2,800 Product C $73,000 $48,000 $88,000 20,300 8,300 1,925 9,300 15,300 1,300 How much overhead will be assigned to Product B using activity-based costing?