McCaskey Corporation uses an activity-based costing system with the following threeactivity cost pools:Activity Cost PoolTotal Activitymachine-40,000 hours500 ordersFabricationOrder processingSt54OtherN/AThe Other activity cost pool is used to accumulate costs of idle capacity andorganization-sustaining costs.The company has provided the following data concerning its costs:Wages and salaries $469,000DepreciationOccupancy191,000120,000Total$780,000The distribution of resource consumption across activity cost pools is given below.Activity Cost PoolsOrderFabrication Processing OtherTotalWages and salaries20%60%20%100%DepreciationOccupancy20%25%55%100%20%45%35%100%The activity rate for the Fabrication activity cost pool is closest to:Multiple Choice$2.25 per machine-hour$4.88 per machine-hour

Name: McCaskey Corporation uses an activity-based costing system with the f
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: McCaskey Corporation uses an activity-based costing system with the following threeactivity cost pools:Activity Cost PoolTotal Activitymachine-40,000 hours500 ordersFabricationOrder processingSt54OtherN/AThe Other activity cost pool is used to accum

Total cost assigned to fabrication = Total costs x 20% = $780,000 x 20% = $156,000

Business

Accounting

McCaskey Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Total Activity machine- Fabrication Order processing 40,000 hours 500 orders N/A Other The Other activity cost pool is used to accumulate costs of idle capacity and organization-sustaining costs. The company has provided the following data concerning its costs: Wages and salaries $469,000 191,000 120,000 $780,000 Depreciation Occupancy Total The distribution of resource consumption across activity cost pools is given below: Activity Cost Pools Order Fabrication Processing Other 20% Total Wages and salaries Depreciation Occupancy 60% 20% 55% 35% 100% 100% 100% 20% 25% 45% 20% The activity rate for the Fabrication activity cost pool is closest to: Multiple Choice $2.25 per machine-hour $4.88 per machine-hour

McCaskey Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Total Activity machine- Fabrication Order processing 40,000 hours 500 orders N/A Other The Other activity cost pool is used to accumulate costs of idle capacity and organization-sustaining costs. The company has provided the following data concerning its costs: Wages and salaries $469,000 191,000 120,000 $780,000 Depreciation Occupancy Total The distribution of resource consumption across activity cost pools is given below: Activity Cost Pools Order Fabrication Processing Other 20% Total Wages and salaries Depreciation Occupancy 60% 20% 55% 35% 100% 100% 100% 20% 25% 45% 20% The activity rate for the Fabrication activity cost pool is closest to: Multiple Choice $2.25 per machine-hour $4.88 per machine-hour

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

A company has provided the following data from its activity-based costing accounting system: Indirect factory wages $552,000 Factory equipment depreciation $332,000 Distribution of Resource Consumption across Activity Cost Pools: 14 Activity Cost Pools Customer Product Orders Processing Other Total Indirect factory wages 55% 35% 10% 100% Factory equipment depreciation 30% 50% 20% 100% The "Other" activity cost pool consists of the costs of idle capacity and organization- sustaining costs, How much indirect factory wages and factory equipment depreciation cost would NOT be assigned to products using the activity-based costing system? Multiple Choice $552,000 $332.000 $121,600 $0
Multiple Choice $685 per order $675 per order $544 per order $665 per order
‏COVID 19 Co 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 : Costs : $ 273.000 Wages and salaries Depreciation 207.000 199,000 Utilities Total $ 679.000 Distribution of resource consumption Total 100 % Activity Cost Pools Assembly Setting Other Up Wages and salaries 60 20 % 20 % Depreciation 359 20 % 4596 Utilities 20 % 60 % 2096 How much cost , in total , would be allocated in the first stage allocation to the Assembly activity cost pool ? 100 % 100
Larner Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Rates $8.00 per direct labor-hour Activity Cost Pool Labor-related Machine-related Machine setups Production orders Shipments $9.00 per machine-hour $ 50.00 per setup $100.00 per order $ 180.00 per shipment General factory $9.00 per direct labor-hour Cost and activity data have been supplied for the following products: Direct materials cost per unit Direct labor cost per unit Number of units produced per year Direct labor-hours Machine-hours Machine setups Production orders Shipments Unit product cost Total Expected Activity J76 379 900 2,900 4 8 12 852 50 20 B52 4 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) 378 $ 4.50 $ 4.75 4,000 852 $ 45.00 $10.00. 500
kk. Subject :- Accounting
Hochberg Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Total Activity Fabrication 30,000 machine-hours Order processing 300 orders Other Not applicable The Other activity cost pool is used to accumulate costs of idle capacity and organization-sustaining costs. The company has provided the following data concerning its costs: Wages and salaries $340,000 Depreciation Occupancy Total 160,000 220,000 $720,000 The distribution of resource consumption across activity cost pools is given below: Activity Cost Pools Fabrication Order Processing Other Total Wages and salaries 30% 60% 10% 100% Depreciation 15% 50% 35% 100% Occupancy 15% 55% 30% 100% The activity rate for the Fabrication activity cost pool is: A) $5.30 per machine-hour B) $3.60 per machine-hour C) $7.20 per machine-hour D) $4.80 per machine-hour
XYZ Co. 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: Costs: Wages and salaries $160,000 Depreciation 320,000 Utilities 240,000 Total $ 720,000 Distribution of resource consumption: Activity Cost Pools Assembly Setting Up Other Total Wages and salaries 50% 40% 10% 100% Depreciation 10% 55% 35% 100% Utilities 15% 50% 35% 100% How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool? a. $212,000 O b. $148,000 O c. $360,000 O d. $376,000 O e. None of the given answer is correct.
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor. Machine processing Machine setups Production orders $ 160 per order Shipments $125 per shipment Product sustaining $850 per product Activity data have been supplied for the following two products: Number of units produced per year. Direct labor-hours Machine-hours Machine setups Production orders Shipments Product sustaining Activity Rates $ 11 per direct labor-hour $2 per machine-hour $50 per setup Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Total overhead cost K425 Total Expected Activity K425 M67 2,000 M67 200 1,150 3,200 15 15 30 3 Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system? 40 30 3 3 3 3
Merlin Company provides the following ABC costing information: Activities Total Costs Activity-cost drivers Account inquiry hours $200,000 10,000 hours Account billing lines $140,000 4,000,000 lines Account verification accounts $75,000 40,000 accounts Correspondence letters $25,000 4,000 letters Total costs $440,000 The above activities are used by Departments A and B as follows: Department A Department B Account inquiry hours 2,000 hours 4,000 hours Account billing lines 400,000 lines 200,000 lines Account verification accounts 10,000 accounts 8,000 accounts Correspondence letters 1,000 letters 1,600 letters Required: a. How much of the correspondence costs will be assigned to Department B? b. How much of the total costs will be assigned to Department A?
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Activity Rates Supporting direct labor $ 8 per direct labor-hour Machine processing $ 4 per machine - hour Machine setups $ 40 per setup Production orders $ 150 per order Shipments $ 120 per shipment Product sustaining $ 900 per product Activity data have been supplied for the following two products: Total Expected Activity K425 -M67 Number of units produced per year 200 2,000 Direct labor-hours 925 40 Machine - hours 2, 600 30 Machine setups 11 1 Production orders 11 1 Shipments 22 1 Product sustaining 1 1
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Activity Rate $7 per direct labor-hour $4 per machine-hour $ 45 per setup Production orders. $ 160 per order Shipments $ 130 per shipment Product sustaining $ 900 per product Activity data have been supplied for the following two products: Number of units produced per year Direct labor-hours Machine-hours Machine setups Production orders Shipments Product sustaining Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Total overhead cost $ K425 Total Expected Activity K425 M67 2,000 0 $ 200 1,000 3,000 5 5 Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system? M67 10 1 30 20 1 1 0 1 1
A company has provided the following data from its activity-based costing accounting system: Indirect factory wages Factory equipment depreciation S 27,000 $ 204,000 Distribution of Resource Consumption across Activity Cost Pools: Activity Cost Pools Indirect factory wages Factory equipment depreciation Product Processing 48% 25% Customer Orders Other 38 128 Total 100% 100% 63% The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs that are not assigned to products. Required: a. Determine the total amount of indirect factory wages and factory equipment depreciation costs that would be allocated to the Product Processing activity cost pool. b. Determine the total amount of indirect factory wages and factory equipment depreciation costs that would NOT be assigned to products. Complete this question by entering your answers in the tabs below. Required A Required B Determine the total amnount of indirect factory wages and factory equipment…