Mm.7.Subject:- account Figge and Mathews Public Limited Company, a consulting firm, uses an activity-based costing in which there are three activity costpools. The company has provided the following data concerning its costs and its activity based costing system:Costs:Wages and solariesTravel expensesOther expense8TotalDistribution of resource consumption:Wages and salariesTravel expensesOther expenses$465,000165,000225.000$855,000bCWorking OnEngagements50%40%10%Activity Cost Poolsbusiness Development20%40%50%Other30%20%40%Required:a. How much cost, in total, would be allocated to the Working On Engagements activity cost pool?b. How much cost, in total, would be allocated to the Business Development activity cost pool?c. How much cost, in total, would be allocated to the Other activity cost pool?Activity Cost PoolTotal CostWorking On EngagementsBusiness DevelopmentOtherTotal100%100%100%

Cost allocation is the process of identifying, accumulating and assigning costs to specific cost…

Figge and Mathews Public Limited Company. pools. The company has provided the following data concerning its costs and its activity based costing system: Costs: Wages and salaries Travel expenses Other expenses Total Distribution of resource consumption: Wages and salaries Travel expenses Other expenses $465,000 165,000 225.000 $855,000 A. h C Activity Cost Pool Working On Engagements Business Development Other Working On Engagements 50% 40% 10% Activity Cost Pools business Development 20% 40% 50% Other 201 20% 40% Required: a. How much cost, in total, would be allocated to the Working On Engagements activity cost pool? b. How much cost, in total, would be allocated to the Business Development activity cost pool? c. How much cost, in total, would be allocated to the Other activity cost pool? Total Cost Total 2008 100% 100%

Figge and Mathews Public Limited Company. pools. The company has provided the following data concerning its costs and its activity based costing system: Costs: Wages and salaries Travel expenses Other expenses Total Distribution of resource consumption: Wages and salaries Travel expenses Other expenses $465,000 165,000 225.000 $855,000 A. h C Activity Cost Pool Working On Engagements Business Development Other Working On Engagements 50% 40% 10% Activity Cost Pools business Development 20% 40% 50% Other 201 20% 40% Required: a. How much cost, in total, would be allocated to the Working On Engagements activity cost pool? b. How much cost, in total, would be allocated to the Business Development activity cost pool? c. How much cost, in total, would be allocated to the Other activity cost pool? Total Cost Total 2008 100% 100%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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