23 A company has provided the following data from its activity-based costing accounting system:HelpIndirect factory wagesFactory equipment depreciation$ 24,000$ 201,000Distribution of Resource Consumption across Activity Cost Pools:Activity Cost PoolsIndirect factory wagesProductCustomer OrdersProcessing46%OtherTotalFactory equipment depreciation45%98100%100%60%27813%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 theProduct Processing activity cost pool.b. Determine the total amount of indirect factory wages and factory equipment depreciation costs that would NOT be assigned toproducts.Complete this question by entering your answers in the tabs below.Required ARequired BDetermine the total amount of indirect factory wages and factory equipment depreciation costs that would be allocated to theProduct Processing activity cost pool.Product ProcessingActivity Cost PoolIndirect factory wagesFactory equipment depreciationRequired B >< Required ANext

Solution 1: Product processing cost pool Indirect factory wages (24000*45%) 10800 factory…

the following data from its activity-based costing accounting system: Indirect factory wages $ 24,000 $ 201,000 Factory equipment depreciation Distribution of Resource Consumption across Activity Cost Pools: Product Activity Cost Pools Indirect factory wages Customer Orders Processing Other Total 46% 45% 1008 1008 98 Factory equipment depreciation 60% 278 138 The "Other" activity cost pool consists of the costs of idlo

the following data from its activity-based costing accounting system: Indirect factory wages $ 24,000 $ 201,000 Factory equipment depreciation Distribution of Resource Consumption across Activity Cost Pools: Product Activity Cost Pools Indirect factory wages Customer Orders Processing Other Total 46% 45% 1008 1008 98 Factory equipment depreciation 60% 278 138 The "Other" activity cost pool consists of the costs of idlo

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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