Match the activity with the most appropriate cost driver. Group of answer choices   fringe benefits   electricity   building depreciation   cost drivers: Direct labor hours, Square feet, Machine hours

Q: ts caused by work delays   d. Materials-handling costs   e. Materials-procurement and inspection…

A: Given: The data is given as below,

Q: What would be the classification of depreciation of office building as to (1) variability, (2)…

A: Fixed costs: Fixed costs are those costs that do not change with the production process or with the…

Q: In developing an ABC system, what is the last step? Identify the primary activities and estimate a…

A: The question is based on the concept of Cost Accounting.

Q: Which is an allowed method to measure progress towards complete satisfaction of a performance…

A: The performance obligation (PO) is satisfied through transferring the promised good or the service…

Q: Cost: Salary of marketing manager     Decision: Project discontinuance: manager to be…

A: Relevant cost means  that cost which helps for decision making. conditions :1. It should be future…

Q: atch each item with the correct statement below. A process that answers the question "How many…

A: The question is based on the concept of Cost Accounting

Q: The table below shows a subcontracting work having 3 work activities. DIRECT COST BALANCED BID…

A: The question is based on the concept of profit calculation in different situation of subcontracting…

Q: Which of the following is not an example of a cost that varies in total as the nunber of units…

A: The cost can be classified into two categories i.e fixed cost and variable cost. The  FIxed cost…

Q: Select the graph (A through L) that best matches the numbered (1 through 7) italicized descriptions…

A: Given:

Q: Step 1: You are provided data on costs related to alternative of using neighboring factory off-time…

A: Thre are fwo types of cost in any industry one is the fixed cost and the othwr is the variable cost.…

Q: For situations provide the following information: a. An estimate of the non-value-added cost caused…

A: A non-value-added cost is that cost which is added to the total cost of a product or service but…

Q: Which among the following alternative methods of costing is related to the best use of physical…

A: Since you have asked multiple questions, we will answer the first full question for you. Please…

Q: Which of the following would be the most appropriate basis for allocating the costs of plant…

A: Definition: Property, plant, and equipment: These assets are long-lived economic resources which are…

Q: Identify each of the following costs as either a product cost (PROD) or a period cost (PER).…

A:

Q: What are the benefits of Activity-based costing: a.All of the answers are correct b.It assists in…

A: Activity-based costing is a cost accounting method which groups each operation into an activity and…

Q: Which of the following cost is until the completion of manut operations Select one: O a.…

A: Predetermined cost As the name suggests that predetermined costs are previously determined. Normal…

Q: Which element of the value chain would depreciation on a factory be classified as? Design…

A: Depreciation on factory would be classified as production

Q: For the purpose of calculating CCA on office equipment and furniture, the costs are all grouped into…

A: Class 1:  It includes building which are acquired after 1987.     Class 10.1:  The class 10.1 deals…

Q: Define value chain and classification of costs for “Utility costs for the plant assembling the…

A: Value Chain:

Q: Electirical costs to light the production facility, is it a indirect material or direct material?…

A: Direct material: Material which is used in manufacturing process and also inseparable from the…

Q: The cost of fire insurance for a manufacturing plant is generally considered to be a:     period…

A: Product costs: Product costs are the costs which are incurred in the production of the goods. These…

Q: On a Cost of Quality report, which of the following cost items should be classified as an internal…

A: Internal failure costs :                Internal failure cost are those cost that a company incurs…

Q: a. An estimate of the non-value-added cost caused by each activity b. The root caused of the…

A: Non-Value-added costs: Are the costs which are incurred to perform the inefficient performance of…

Q: For situations 1 trough 6, provide the following information: a. An estimate of the non-value-added…

A: Since you have posted a question with multiple sub parts, we will solve the first 3 sub parts for…

Q: Putting an X in the appropriate spot, classify the costs highlighted in yellow as: Direct Material,…

A: The classification of the costs as highlighted in yellow is done as following along with the…

Q: REQUIRED a) Using the high-low method, determine the fixed and variable components of the…

A: Solution:- a)Calculation of variable cost per unit and fixed costs using High low method as…

Q: What are some possible activity bases Cold Stone Creamery could use to allocate each cost?

A: Activity-based costing is method that is widely used in cost accounting that firstly identifies…

Q: 2. Equivalent units of production (A) will always be greater than or equal to the physical units (B)…

A: "Since you have asked multiple questions, we will solve only first question for you. If you want any…

Q: Which of the following costs may be classified as fixed costs? i Direct labour ii Depreciation…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Identify each of the following costs as either a product cost (PROD) or a period cost (PER).…

A:

Q: Determine whether each of the following costs should be classified as product costs or period costs.…

A: Product cost means the cost of producing one unit of finished goods. Period cost means the cost that…

Q: Insurance expense incurred on a factory building would be treated as a Group of answer choices…

A: Cost is the value spent to make or buy a product. Value spent can be in the form of raw materials,…

Q: Which of the following is a part of Prime Cost? a. Direct Labour b. Indirect Wages c. Rent of…

A: Prime cost includes all the direct costs such as direct material, direct labor, and direct expenses.…

Q: assess if task costing or process costing would be a more suitable method of accounting. • *An…

A: solution : concepts involved task costing               Task costing is a method of costing where…

Q: Which of the following activity bases would be appropriate to use for materials handling?     A.…

A: Activity-based costing (ABC) method: The costing method which allocates overheads to the products…

Q: a- Which site should the contractor select? b- When do the costs of two sites are equals (After how…

A: The decision regarding choosing the one alternative over the another is one of the difficult task…

Q: Which of the following is an example of a variable cost? a.Insurance on the production equipment…

A: Variable cost are those cost which changes according to the level of Production. In other words in…

Q: The costs of direct materials are classified as:   Conversion cost Manufacturing cost Prime cost A)…

A: Manufacturing cost and Prime cost is included in the cost of direct materials but it does not…

Q: lease solve this MCQs How would property taxes paid on a factory building be classified in a…

A: Fixed costs: Fixed costs are the predetermined expenses that remain costant throughout a specific…

Q: What would be the classification of depreciation of office building as to (1) variability, (2)…

A: Variable Cost : Cost which changes with change in production. It increase with increase in…

Q: Required a. Determine the avoidable cost per unit of making the bike frames, assuming that Sturdy is…

A: Avoidable cost refers to those cost of the company which is eliminated or not incurred when a…

Q: Identify the following as elements of first cost or annual operating cost: (a) direct materials, (b)…

A: Cost: It can be defined as the total amount that is spent by a business in manufacturing a product.

Q: Classify each of the following as either one-time or recurring costs: a. training personnel b.…

A: One time costs are those costs which has to be incurred only one time but recurring costs are those…

Q: Identify a cost driver that may be used to assign each cost pool to each line of snowmobiles.…

A: 1). Machine setup, indirect materials  - Number of setups.2). Inspections  - Number of…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.