Filters
Question type
Study Flashcards

Zee Corporation has provided the following data concerning its overhead costs for the coming year: Zee Corporation has provided the following data concerning its overhead costs for the coming year: The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year: The Other activity cost pool does not have a measure of activity;it is used to accumulate costs of idle capacity and organization-sustaining costs. The distribution of resource consumption across activity cost pools is given below: The activity rate for the Assembly activity cost pool is closest to: A) $2.70 per labor-hour B) $4.25 per labor-hour C) $4.05 per labor-hour D) $8.10 per labor-hour The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year: Zee Corporation has provided the following data concerning its overhead costs for the coming year: The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year: The Other activity cost pool does not have a measure of activity;it is used to accumulate costs of idle capacity and organization-sustaining costs. The distribution of resource consumption across activity cost pools is given below: The activity rate for the Assembly activity cost pool is closest to: A) $2.70 per labor-hour B) $4.25 per labor-hour C) $4.05 per labor-hour D) $8.10 per labor-hour The Other activity cost pool does not have a measure of activity;it is used to accumulate costs of idle capacity and organization-sustaining costs. The distribution of resource consumption across activity cost pools is given below: Zee Corporation has provided the following data concerning its overhead costs for the coming year: The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year: The Other activity cost pool does not have a measure of activity;it is used to accumulate costs of idle capacity and organization-sustaining costs. The distribution of resource consumption across activity cost pools is given below: The activity rate for the Assembly activity cost pool is closest to: A) $2.70 per labor-hour B) $4.25 per labor-hour C) $4.05 per labor-hour D) $8.10 per labor-hour The activity rate for the Assembly activity cost pool is closest to:


A) $2.70 per labor-hour
B) $4.25 per labor-hour
C) $4.05 per labor-hour
D) $8.10 per labor-hour

Correct Answer

verifed

verified

Spendlove Corporation has provided the following data from its activity-based costing system: Spendlove Corporation has provided the following data from its activity-based costing system: The company makes 430 units of product S78N a year,requiring a total of 1,120 machine-hours,40 orders,and 30 inspection-hours per year.The product's direct materials cost is $49.81 per unit and its direct labor cost is $12.34 per unit.The product sells for $129.90 per unit. According to the activity-based costing system,the product margin for product S78N is: A) $4,116.50 B) $29,132.50 C) $6,180.50 D) $5,161.30 The company makes 430 units of product S78N a year,requiring a total of 1,120 machine-hours,40 orders,and 30 inspection-hours per year.The product's direct materials cost is $49.81 per unit and its direct labor cost is $12.34 per unit.The product sells for $129.90 per unit. According to the activity-based costing system,the product margin for product S78N is:


A) $4,116.50
B) $29,132.50
C) $6,180.50
D) $5,161.30

Correct Answer

verifed

verified

Roshannon Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts-equipment expense and indirect labor-to three activity cost pools-Processing, Supervising, and Other-based on resource consumption. Data to perform these allocations appear below: Roshannon Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts-equipment expense and indirect labor-to three activity cost pools-Processing, Supervising, and Other-based on resource consumption. Data to perform these allocations appear below: In the second stage, Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. -What is the overhead cost assigned to Product P3 under activity-based costing? A) $30,000 B) $5,916 C) $5,640 D) $11,556In the second stage, Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Roshannon Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts-equipment expense and indirect labor-to three activity cost pools-Processing, Supervising, and Other-based on resource consumption. Data to perform these allocations appear below: In the second stage, Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. -What is the overhead cost assigned to Product P3 under activity-based costing? A) $30,000 B) $5,916 C) $5,640 D) $11,556Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Roshannon Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts-equipment expense and indirect labor-to three activity cost pools-Processing, Supervising, and Other-based on resource consumption. Data to perform these allocations appear below: In the second stage, Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. -What is the overhead cost assigned to Product P3 under activity-based costing? A) $30,000 B) $5,916 C) $5,640 D) $11,556 -What is the overhead cost assigned to Product P3 under activity-based costing?


A) $30,000
B) $5,916
C) $5,640
D) $11,556

Correct Answer

verifed

verified

Pedroni Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Machining, Order Filling, and Other. The costs in those activity cost pools appear below: Pedroni Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Machining, Order Filling, and Other. The costs in those activity cost pools appear below: Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. -What is the product margin for Product F2 under activity-based costing? A) $13,800 B) $11,262 C) $1,387 D) $19,000Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Pedroni Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Machining, Order Filling, and Other. The costs in those activity cost pools appear below: Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. -What is the product margin for Product F2 under activity-based costing? A) $13,800 B) $11,262 C) $1,387 D) $19,000Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. Pedroni Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Machining, Order Filling, and Other. The costs in those activity cost pools appear below: Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. -What is the product margin for Product F2 under activity-based costing? A) $13,800 B) $11,262 C) $1,387 D) $19,000 -What is the product margin for Product F2 under activity-based costing?


A) $13,800
B) $11,262
C) $1,387
D) $19,000

Correct Answer

verifed

verified

Yoke Corporation has provided the following data from its activity-based costing accounting system: Yoke Corporation has provided the following data from its activity-based costing accounting system: Distribution of Resource Consumption across Activity Cost Pools: 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 supervisory wages and factory utilities costs that would be allocated to the unit Processing activity cost pool.Show your work! b.Determine the total amount of supervisory wages and factory utilities costs that would NOT be assigned to products.Show your work! Distribution of Resource Consumption across Activity Cost Pools: Yoke Corporation has provided the following data from its activity-based costing accounting system: Distribution of Resource Consumption across Activity Cost Pools: 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 supervisory wages and factory utilities costs that would be allocated to the unit Processing activity cost pool.Show your work! b.Determine the total amount of supervisory wages and factory utilities costs that would NOT be assigned to products.Show your work! 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 supervisory wages and factory utilities costs that would be allocated to the unit Processing activity cost pool.Show your work! b.Determine the total amount of supervisory wages and factory utilities costs that would NOT be assigned to products.Show your work!

Correct Answer

verifed

verified

a.Allocations to the Unit Proc...

View Answer

Goold Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Machining, Order Filling, and Other. The costs in those activity cost pools appear below: Goold Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Machining, Order Filling, and Other. The costs in those activity cost pools appear below: Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. -What is the overhead cost assigned to Product R9 under activity-based costing? A) $624 B) $2,660 C) $8,000 D) $3,284Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Goold Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Machining, Order Filling, and Other. The costs in those activity cost pools appear below: Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. -What is the overhead cost assigned to Product R9 under activity-based costing? A) $624 B) $2,660 C) $8,000 D) $3,284Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. Goold Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Machining, Order Filling, and Other. The costs in those activity cost pools appear below: Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. -What is the overhead cost assigned to Product R9 under activity-based costing? A) $624 B) $2,660 C) $8,000 D) $3,284 -What is the overhead cost assigned to Product R9 under activity-based costing?


A) $624
B) $2,660
C) $8,000
D) $3,284

Correct Answer

verifed

verified

Capizzi 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 allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Capizzi 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 allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: -What is the overhead cost assigned to Product V2 under activity-based costing? A) $28,980 B) $5,600 C) $34,580 D) $40,000 Capizzi 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 allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: -What is the overhead cost assigned to Product V2 under activity-based costing? A) $28,980 B) $5,600 C) $34,580 D) $40,000Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Capizzi 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 allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: -What is the overhead cost assigned to Product V2 under activity-based costing? A) $28,980 B) $5,600 C) $34,580 D) $40,000 -What is the overhead cost assigned to Product V2 under activity-based costing?


A) $28,980
B) $5,600
C) $34,580
D) $40,000

Correct Answer

verifed

verified

Dillner Company 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: Dillner Company 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: The Other activity cost pool consists of the costs of idle capacity and organization-sustaining costs. You have been asked to complete the first-stage allocation of costs to the activity cost pools. -How much cost,in total,would be allocated in the first-stage allocation to the Customer Support activity cost pool? A) $353,000 B) $364,000 C) $338,000 D) $351,000 Dillner Company 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: The Other activity cost pool consists of the costs of idle capacity and organization-sustaining costs. You have been asked to complete the first-stage allocation of costs to the activity cost pools. -How much cost,in total,would be allocated in the first-stage allocation to the Customer Support activity cost pool? A) $353,000 B) $364,000 C) $338,000 D) $351,000The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs. You have been asked to complete the first-stage allocation of costs to the activity cost pools. -How much cost,in total,would be allocated in the first-stage allocation to the Customer Support activity cost pool?


A) $353,000
B) $364,000
C) $338,000
D) $351,000

Correct Answer

verifed

verified

Umanzor Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as follows: Processing, $42,700; Supervising, $26,900; and Other, $17,400. Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Umanzor Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as follows: Processing, $42,700; Supervising, $26,900; and Other, $17,400. Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: -What is the overhead cost assigned to Product S5 under activity-based costing? A) $58,968 B) $43,500 C) $18,830 D) $40,138 -What is the overhead cost assigned to Product S5 under activity-based costing?


A) $58,968
B) $43,500
C) $18,830
D) $40,138

Correct Answer

verifed

verified

Fogle Florist specializes in large floral bouquets for hotels and other commercial spaces. The company has provided the following data concerning its annual overhead costs and its activity based costing system: Fogle Florist specializes in large floral bouquets for hotels and other commercial spaces. The company has provided the following data concerning its annual overhead costs and its activity based costing system: The Other activity cost pool consists of the costs of idle capacity and organization-sustaining costs. The amount of activity for the year is as follows: -What would be the total overhead cost per delivery according to the activity based costing system? In other words,what would be the overall activity rate for the deliveries activity cost pool? (Round to the nearest whole cent. ) A) $4.71 B) $5.14 C) $3.43 D) $6.00 Fogle Florist specializes in large floral bouquets for hotels and other commercial spaces. The company has provided the following data concerning its annual overhead costs and its activity based costing system: The Other activity cost pool consists of the costs of idle capacity and organization-sustaining costs. The amount of activity for the year is as follows: -What would be the total overhead cost per delivery according to the activity based costing system? In other words,what would be the overall activity rate for the deliveries activity cost pool? (Round to the nearest whole cent. ) A) $4.71 B) $5.14 C) $3.43 D) $6.00The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs. The amount of activity for the year is as follows: Fogle Florist specializes in large floral bouquets for hotels and other commercial spaces. The company has provided the following data concerning its annual overhead costs and its activity based costing system: The Other activity cost pool consists of the costs of idle capacity and organization-sustaining costs. The amount of activity for the year is as follows: -What would be the total overhead cost per delivery according to the activity based costing system? In other words,what would be the overall activity rate for the deliveries activity cost pool? (Round to the nearest whole cent. ) A) $4.71 B) $5.14 C) $3.43 D) $6.00 -What would be the total overhead cost per delivery according to the activity based costing system? In other words,what would be the overall activity rate for the deliveries activity cost pool? (Round to the nearest whole cent. )


A) $4.71
B) $5.14
C) $3.43
D) $6.00

Correct Answer

verifed

verified

Dykema Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Processing, Supervising, and Other. The costs in those activity cost pools appear below: Dykema Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. -What is the overhead cost assigned to Product Q7 under activity-based costing? A) $1,650 B) $3,812 C) $18,000 D) $2,162Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below:Dykema Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. -What is the overhead cost assigned to Product Q7 under activity-based costing? A) $1,650 B) $3,812 C) $18,000 D) $2,162Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Dykema Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. -What is the overhead cost assigned to Product Q7 under activity-based costing? A) $1,650 B) $3,812 C) $18,000 D) $2,162 -What is the overhead cost assigned to Product Q7 under activity-based costing?


A) $1,650
B) $3,812
C) $18,000
D) $2,162

Correct Answer

verifed

verified

Ollivier Corporation has an activity-based costing system with three activity cost pools-Processing, Supervising, and Other. In the first stage allocations, costs in the two overhead accounts, equipment expense and indirect labor, are allocated to the three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Ollivier Corporation has an activity-based costing system with three activity cost pools-Processing, Supervising, and Other. In the first stage allocations, costs in the two overhead accounts, equipment expense and indirect labor, are allocated to the three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: -What is the overhead cost assigned to Product L7 under activity-based costing? A) $1,672 B) $9,022 C) $7,350 D) $19,000 Ollivier Corporation has an activity-based costing system with three activity cost pools-Processing, Supervising, and Other. In the first stage allocations, costs in the two overhead accounts, equipment expense and indirect labor, are allocated to the three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: -What is the overhead cost assigned to Product L7 under activity-based costing? A) $1,672 B) $9,022 C) $7,350 D) $19,000 Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Ollivier Corporation has an activity-based costing system with three activity cost pools-Processing, Supervising, and Other. In the first stage allocations, costs in the two overhead accounts, equipment expense and indirect labor, are allocated to the three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: -What is the overhead cost assigned to Product L7 under activity-based costing? A) $1,672 B) $9,022 C) $7,350 D) $19,000 -What is the overhead cost assigned to Product L7 under activity-based costing?


A) $1,672
B) $9,022
C) $7,350
D) $19,000

Correct Answer

verifed

verified

Ballweg 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 allocated to the three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Ballweg 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 allocated to the three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Finally, the costs of Machining and Order Filling are combined with the following sales and direct cost data to determine product margins. -What is the overhead cost assigned to Product T2 under activity-based costing? A) $5,150 B) $7,829 C) $15,500 D) $2,679 Ballweg 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 allocated to the three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Finally, the costs of Machining and Order Filling are combined with the following sales and direct cost data to determine product margins. -What is the overhead cost assigned to Product T2 under activity-based costing? A) $5,150 B) $7,829 C) $15,500 D) $2,679Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Ballweg 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 allocated to the three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Finally, the costs of Machining and Order Filling are combined with the following sales and direct cost data to determine product margins. -What is the overhead cost assigned to Product T2 under activity-based costing? A) $5,150 B) $7,829 C) $15,500 D) $2,679Finally, the costs of Machining and Order Filling are combined with the following sales and direct cost data to determine product margins. Ballweg 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 allocated to the three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Finally, the costs of Machining and Order Filling are combined with the following sales and direct cost data to determine product margins. -What is the overhead cost assigned to Product T2 under activity-based costing? A) $5,150 B) $7,829 C) $15,500 D) $2,679 -What is the overhead cost assigned to Product T2 under activity-based costing?


A) $5,150
B) $7,829
C) $15,500
D) $2,679

Correct Answer

verifed

verified

Capizzi 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 allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Capizzi 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 allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: -The activity rate for the Order Filling activity cost pool under activity-based costing is closest to: A) $4.00 per order B) $1.43 per order C) $1.00 per order D) $40.00 per order Capizzi 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 allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: -The activity rate for the Order Filling activity cost pool under activity-based costing is closest to: A) $4.00 per order B) $1.43 per order C) $1.00 per order D) $40.00 per orderMachining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Capizzi 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 allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: -The activity rate for the Order Filling activity cost pool under activity-based costing is closest to: A) $4.00 per order B) $1.43 per order C) $1.00 per order D) $40.00 per order -The activity rate for the Order Filling activity cost pool under activity-based costing is closest to:


A) $4.00 per order
B) $1.43 per order
C) $1.00 per order
D) $40.00 per order

Correct Answer

verifed

verified

Demora Corporation's activity-based costing system has three activity cost pools-Fabricating,Setting Up,and Other.The company's overhead costs have already been allocated to these cost pools as follows: Demora Corporation's activity-based costing system has three activity cost pools-Fabricating,Setting Up,and Other.The company's overhead costs have already been allocated to these cost pools as follows: Costs in the Fabricating cost pool are assigned to products based on machine-hours (MHs)and costs in the Setting Up cost pool are assigned to products based on the number of batches.Costs in the Other cost pool are not assigned to products.The following table shows the machine-hours and number of batches associated with each of the company's two products: Required: Calculate activity rates for each activity cost pool using activity-based costing. Costs in the Fabricating cost pool are assigned to products based on machine-hours (MHs)and costs in the Setting Up cost pool are assigned to products based on the number of batches.Costs in the Other cost pool are not assigned to products.The following table shows the machine-hours and number of batches associated with each of the company's two products: Demora Corporation's activity-based costing system has three activity cost pools-Fabricating,Setting Up,and Other.The company's overhead costs have already been allocated to these cost pools as follows: Costs in the Fabricating cost pool are assigned to products based on machine-hours (MHs)and costs in the Setting Up cost pool are assigned to products based on the number of batches.Costs in the Other cost pool are not assigned to products.The following table shows the machine-hours and number of batches associated with each of the company's two products: Required: Calculate activity rates for each activity cost pool using activity-based costing. Required: Calculate activity rates for each activity cost pool using activity-based costing.

Correct Answer

verifed

verified

Dillner Company 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: Dillner Company 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: The Other activity cost pool consists of the costs of idle capacity and organization-sustaining costs. You have been asked to complete the first-stage allocation of costs to the activity cost pools. -How much cost,in total,would be allocated in the first-stage allocation to the Order Size activity cost pool? A) $78,000 B) $93,000 C) $104,000 D) $91,000 Dillner Company 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: The Other activity cost pool consists of the costs of idle capacity and organization-sustaining costs. You have been asked to complete the first-stage allocation of costs to the activity cost pools. -How much cost,in total,would be allocated in the first-stage allocation to the Order Size activity cost pool? A) $78,000 B) $93,000 C) $104,000 D) $91,000The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs. You have been asked to complete the first-stage allocation of costs to the activity cost pools. -How much cost,in total,would be allocated in the first-stage allocation to the Order Size activity cost pool?


A) $78,000
B) $93,000
C) $104,000
D) $91,000

Correct Answer

verifed

verified

Brisky Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts-equipment depreciation and supervisory expense-to three activity cost pools-Machining, Order Filling, and Other-based on resource consumption. Data to perform these allocations appear below: Brisky Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts-equipment depreciation and supervisory expense-to three activity cost pools-Machining, Order Filling, and Other-based on resource consumption. Data to perform these allocations appear below: In the second stage, Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. -What is the product margin for Product I3 under activity-based costing? A) -$6,400 B) $3,040 C) $7,600 D) $3,820 Brisky Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts-equipment depreciation and supervisory expense-to three activity cost pools-Machining, Order Filling, and Other-based on resource consumption. Data to perform these allocations appear below: In the second stage, Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. -What is the product margin for Product I3 under activity-based costing? A) -$6,400 B) $3,040 C) $7,600 D) $3,820In the second stage, Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Brisky Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts-equipment depreciation and supervisory expense-to three activity cost pools-Machining, Order Filling, and Other-based on resource consumption. Data to perform these allocations appear below: In the second stage, Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. -What is the product margin for Product I3 under activity-based costing? A) -$6,400 B) $3,040 C) $7,600 D) $3,820 Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. Brisky Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts-equipment depreciation and supervisory expense-to three activity cost pools-Machining, Order Filling, and Other-based on resource consumption. Data to perform these allocations appear below: In the second stage, Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. -What is the product margin for Product I3 under activity-based costing? A) -$6,400 B) $3,040 C) $7,600 D) $3,820 -What is the product margin for Product I3 under activity-based costing?


A) -$6,400
B) $3,040
C) $7,600
D) $3,820

Correct Answer

verifed

verified

The following data have been provided by Mesa Corporation from its activity-based costing accounting system: The following data have been provided by Mesa Corporation from its activity-based costing accounting system: Distribution of Resource Consumption across Activity Cost Pools: 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 supervisory wages and factory utilities costs that would be allocated to the Machining activity cost pool.Show your work! b.Determine the total amount of supervisory wages and factory utilities costs that would NOT be assigned to products.Show your work! Distribution of Resource Consumption across Activity Cost Pools: The following data have been provided by Mesa Corporation from its activity-based costing accounting system: Distribution of Resource Consumption across Activity Cost Pools: 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 supervisory wages and factory utilities costs that would be allocated to the Machining activity cost pool.Show your work! b.Determine the total amount of supervisory wages and factory utilities costs that would NOT be assigned to products.Show your work! 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 supervisory wages and factory utilities costs that would be allocated to the Machining activity cost pool.Show your work! b.Determine the total amount of supervisory wages and factory utilities costs that would NOT be assigned to products.Show your work!

Correct Answer

verifed

verified

a.Allocations to the Machining...

View Answer

Roshannon Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts-equipment expense and indirect labor-to three activity cost pools-Processing, Supervising, and Other-based on resource consumption. Data to perform these allocations appear below: Roshannon Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts-equipment expense and indirect labor-to three activity cost pools-Processing, Supervising, and Other-based on resource consumption. Data to perform these allocations appear below: In the second stage, Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. -What is the product margin for Product P3 under activity-based costing? A) -$15,600 B) $2,844 C) $14,400 D) $8,484In the second stage, Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Roshannon Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts-equipment expense and indirect labor-to three activity cost pools-Processing, Supervising, and Other-based on resource consumption. Data to perform these allocations appear below: In the second stage, Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. -What is the product margin for Product P3 under activity-based costing? A) -$15,600 B) $2,844 C) $14,400 D) $8,484Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Roshannon Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts-equipment expense and indirect labor-to three activity cost pools-Processing, Supervising, and Other-based on resource consumption. Data to perform these allocations appear below: In the second stage, Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. -What is the product margin for Product P3 under activity-based costing? A) -$15,600 B) $2,844 C) $14,400 D) $8,484 -What is the product margin for Product P3 under activity-based costing?


A) -$15,600
B) $2,844
C) $14,400
D) $8,484

Correct Answer

verifed

verified

Petitte Corporation has provided the following data from its activity-based costing system: Petitte Corporation has provided the following data from its activity-based costing system: Data concerning the company's product K54A appear below: According to the activity-based costing system,the average cost of product K54A is closest to: A) $112.64 per unit B) $114.99 per unit C) $116.98 per unit D) $76.91 per unit Data concerning the company's product K54A appear below: Petitte Corporation has provided the following data from its activity-based costing system: Data concerning the company's product K54A appear below: According to the activity-based costing system,the average cost of product K54A is closest to: A) $112.64 per unit B) $114.99 per unit C) $116.98 per unit D) $76.91 per unit According to the activity-based costing system,the average cost of product K54A is closest to:


A) $112.64 per unit
B) $114.99 per unit
C) $116.98 per unit
D) $76.91 per unit

Correct Answer

verifed

verified

Showing 21 - 40 of 138

Related Exams

Exam 1

Managerial Accounting and Cost Concepts

166 Questions

Exam 2

Job-Order Costing

154 Questions

Exam 3

Process Costing

109 Questions

Exam 4

Cost-Volume-Profit Relationships

241 Questions

Exam 5

Variable Costing and Segment Reporting: Tools for Management

200 Questions

Exam 7

Profit Planning

106 Questions

Exam 8

Flexible Budgets and Performance Analysis

295 Questions

Exam 9

Standard Costs and Variances

178 Questions

Exam 10

Performance Measurement in Decentralized Organizations

93 Questions

Exam 11

Differential Analysis: The Key to Decision Making

153 Questions

Exam 12

Capital Budgeting Decisions

144 Questions

Exam 13

Statement of Cash Flows

108 Questions

Exam 14

Financial Statement Analysis

211 Questions

Exam 15

Least-Squares Regression Computations

22 Questions

Exam 16

Appendix B: Cost of Quality

42 Questions

Exam 17

The Predetermined Overhead Rate and Capacity

27 Questions

Exam 18

Further Classification of Labor Costs

20 Questions

Exam 19

Fifo Method

79 Questions

Exam 20

Service Department Allocations

46 Questions

Exam 21

Abc Action Analysis

15 Questions

Exam 22

Using a Modified Form of Activity-Based Costing to Determine Product Costs for External Reports

16 Questions

Exam 23

Predetermined Overhead Rates and Overhead Analysis in a Standard Costing System

105 Questions

Exam 24

Journal Entries to Record Variances

52 Questions

Exam 25

Transfer Pricing

21 Questions

Exam 26

Service Department Charges

41 Questions

Exam 27

The Concept of Present Value

12 Questions

Exam 28

Income Taxes in Capital Budgeting Decisions

36 Questions

Exam 29

The Direct Method of Determining the Net Cash Provided by Operating Activities

48 Questions

Exam 30

Pricing Products and Services

67 Questions

Exam 31

Profitability Analysis

71 Questions

Show Answer