Fundamentals of Cost Accounting
5th Edition
ISBN: 9781259565403
Author: William N. Lanen Professor, Shannon Anderson Associate Professor, Michael W Maher
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 10, Problem 40E
Resources Used versus Resources Supplied
Conlon Enterprises reports the following information about resources:
Required
Compute unused setup and clerical resource capacity for Conlon Enterprises.
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_ _ _ _need distrebution the cost of service centers to the production center.
1.An activity that has a direct cause-effect relationship with the resources consumed is a(n)
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cost driver
overhead rate
cost pool
product activity
Costs that are common to many different activities within an organization are known as ____ costs.
Group of answer choices
organizational-level
unit-level
batch-level
product- or process-level
Chapter 10 Solutions
Fundamentals of Cost Accounting
Ch. 10 - How are activity-based costing and activity-based...Ch. 10 - Can activity-based management be implemented...Ch. 10 - Prob. 3RQCh. 10 - What are some ways in which customers affect a...Ch. 10 - How is computing the cost of customers the same as...Ch. 10 - Prob. 6RQCh. 10 - Prob. 7RQCh. 10 - Under what conditions should the cost of excess...Ch. 10 - In what ways does quality affect cost?Ch. 10 - What are the four categories in a cost of quality...
Ch. 10 - Prob. 11CADQCh. 10 - Prob. 12CADQCh. 10 - Consider a library that spends 25,000 to move most...Ch. 10 - Prob. 14CADQCh. 10 - Prob. 15CADQCh. 10 - You can get the cost of customers by first...Ch. 10 - Prob. 17CADQCh. 10 - Prob. 18CADQCh. 10 - Prob. 19CADQCh. 10 - Prob. 20CADQCh. 10 - Many if not most schools in the United States have...Ch. 10 - Prob. 22CADQCh. 10 - Prob. 23CADQCh. 10 - Prob. 24ECh. 10 - Prob. 25ECh. 10 - Cost Hierarchy for a Not-for-Profit Below are...Ch. 10 - Prob. 27ECh. 10 - Driver Identification Below are various activities...Ch. 10 - Activity-Based Costing of Customers Marvins...Ch. 10 - Activity-Based Costing of Customers Rock Solid...Ch. 10 - Activity-Based Costing of Customers Refer to the...Ch. 10 - Activity-Based Costing of Customers: Ethical...Ch. 10 - Prob. 33ECh. 10 - Activity-Based Costing of Suppliers Hult Games...Ch. 10 - Prob. 35ECh. 10 - Activity-Based Costing of Suppliers Kinnear...Ch. 10 - Activity-Based Costing of Suppliers Refer to the...Ch. 10 - Resources Used versus Resources Supplied Tri-State...Ch. 10 - Prob. 39ECh. 10 - Resources Used versus Resources Supplied Conlon...Ch. 10 - Prob. 41ECh. 10 - Prob. 42ECh. 10 - Assigning Cost of Capacity Mimis Fixtures...Ch. 10 - Assigning Cost of Capacity Curts Casting...Ch. 10 - Prob. 45ECh. 10 - Costs of Quality The following represents the...Ch. 10 - Trading-Off Costs of Quality Using the costs...Ch. 10 - Costs of Quality Nuke-It-Now manufactures...Ch. 10 - Prob. 49ECh. 10 - Cost of Quality: Environmental Issues Many...Ch. 10 - Prob. 51ECh. 10 - Prob. 52PCh. 10 - Activity-Based Reporting: Service Organization...Ch. 10 - Prob. 54PCh. 10 - Customer Profitability Carmel Company has a...Ch. 10 - Activity-Based Costing of Suppliers JFI Foods...Ch. 10 - Activity-Based Costing of Suppliers Consider the...Ch. 10 - Activity-Based Reporting: Manufacturing...Ch. 10 - Assigning Capacity Costs Cathy and Toms Specialty...Ch. 10 - Prob. 60PCh. 10 - Prob. 61PCh. 10 - Assigning Capacity Costs Mercia Chocolates...Ch. 10 - Prob. 63PCh. 10 - Prob. 64PCh. 10 - Prob. 65P
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- Explain how the cost of resources is assigned to activities. What is meant by the phrase unbundling the general ledger accounts?arrow_forwardDescribe the concept of a cost center and, using a specific organization, give an example of how this might be used to achieve the strategic goals of the organization.arrow_forwardGive an example of a common resource in an organization. List some of the opportunity costs associated with using the resource. Why might allocation of the cost of the common resource to its users be useful?arrow_forward
- For each of the following support departments, identify a cost driver that could be used for allocating the support department costs to the profit center:a. Legalb. Duplication servicesc. Electronic data processingd. Central purchasinge. Telecommunicationsf. Accounts receivablearrow_forwardWhich of the following is false when using ABC in a service industry? analyze operations accumulated overhead costs by activity cost pools identify activities identify and use cost drivers to assign the cost pools to productsarrow_forwardConcerning computer software to be sold, leased, or otherwise marketed, which of the following costs are inventoriable and thus included in cost of goods sold? a. maintenance and customer support costsb. design, coding, and testing costs incurred before technological feasibility is establishedc. costs of software developed for internal used. costs of disks, software duplication, and training materialsarrow_forward
- – Based on the assignment and what you know about managementaccounting, what do you believe is the purpose of a cost element? - What is one advantage of creating a vendor master record?arrow_forwardWhich of the following is NOT part of a firm’s Total Cost of Ownership for an information system? A. IT personnel costs B. Installation costs for hardware and software C. Real Estate (floor space), heating, and cooling costs of data centers, computer centers, and server farms D. System downtime costs E. Cost of (the firm’s) goods sold (CGS)arrow_forwardIn choosing the cost pool, the simplest allocation method isa. Plant-wide allocationb. Activity center allocationc. Departmental allocationd. Traditional approacharrow_forward
- Fixed costs depend on the: Select one: a. amount of resources acquired b. amount of resources used c. volume of sales d. volume of production Which of the following types of information are used in management accounting? Select one: a. financial information b. information focused on the long term c. nonfinancial information d. All of these answers are correct The production component of the value chain refers detailed planning, engineering, and testing of products and processes. Select one: True False The general term used to identify both the tracing and the allocation of accumulated costs to a cost object is: Select one: a. conversion costing b. cost assignment c. cost tracing d. cost accumulation. Period costs: Select one: a. are treated as expenses in the period they are incurred b. are directly traceable to products c. are also referred to as manufacturing overhead costs d. include direct labor Period costs: Select one: a. are treated as expenses in the period they are incurred b.…arrow_forwardMarketing costs and Maintenance costs are the examples of Select one: a. Revenue center O b. Cost center c. Investment center O d. Discretionary cost centerarrow_forwardWhat are the cost objects in RSD’s lean accounting system?arrow_forward
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