Meester Corporation has an activity-based costing system with three activity cost pools--Machining, Order Filling, and Other. In the first stageallocations, costs in the two overhead accounts, equipment depreciation and supervisory expense, are alloceted to three activity cost poolsbased on resource consumption, Data used in the first stage allocations followOverhead costs:Equipment depreciationSupervisory expense$ 81,300$ 2,200Distribution of Resource Consumption Across Activity Cost Pools:Activity Cost PoolsMachiningOrder FillingOtherEquipment depreciationSupervisory expense0.500.300. 20e. 30e.500.20Mechining costs are assigned to products using machine-hours (MHs) and Order Filing costs are essigned to products using the number oforders. The costs in the Other activity cost pool are not assigned to products. Activity date for the companve o nroducts follawYou ae sren shargSkop ShareActivityMHs (Machining) Orders (Order Filling)Product Me1,6309,7801,3701,630Product H2< Prev21 of 50Next >What is the overhead cost essigned to Product H2 under activity-based costing? (Round your intermediate calculations to 2 decimal places.)Multple Choice$35.795$0040Skop Share$4291$0.AM

The question is based on the concept of Cost Accounting.

Meester Corporation has an activity-based costing system with three activity cost pools-Machining, Order Filling, and Other. In the first stage allocations, costs in the two overhead accounts, equipment depreciation and supervisory expense, are aloceted to three activity cost pools based on resource consumption, Data used in the first stage allocations follow: Overhead costs: Equipment depreciation Supervisory expense $ 81,300 $ 2,200 Distribution of Resource Consumption Across Activity Cost Pools:

Meester Corporation has an activity-based costing system with three activity cost pools-Machining, Order Filling, and Other. In the first stage allocations, costs in the two overhead accounts, equipment depreciation and supervisory expense, are aloceted to three activity cost pools based on resource consumption, Data used in the first stage allocations follow: Overhead costs: Equipment depreciation Supervisory expense $ 81,300 $ 2,200 Distribution of Resource Consumption Across Activity Cost Pools:

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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