1 matt company uses activity-based costing the company has

Assignment Help Managerial Accounting

Reference no: EM13378704

1. Matt Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A is 9,000 units and of Product B is 6,500 units. There are three activity cost pools, with total cost and total activity as follows:

The activity-based costing cost per unit of Product A is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $4.82
B. $7.02
C. $2.32

		Total Activity
Activity Cost Pool	Total Cost	Product A	Product B	Total
Activity 1	$26,840	140	470	610
Activity 2	$42,705	880	290	1,170
Activity 3	$125,700	830	3,360	4,190

2. Activity rates from Quattrone Corporation's activity-based costing system are listed below. The company uses the activity rates to assign overhead costs to products:

Activity Cost Pools	Activity Rate
Processing customer orders	$93.46	per customer order
Assembling products	$2.78	per assembly hour
Setting up batches	$54.45	per batch

Last year, Product F76D involved 4 customer orders, 459 assembly hours, and 21 batches. How much overhead cost would be assigned to Product F76D using the activity-based costing system?
A. $1,143.45
B. $940.00
C. $2,793.31

3. Bossie Corporation 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	$294,000
Depreciation	284,000
Utilities	227,000
Total	$805,000

Distribution of resource consumption:
	Activity Cost Pools
	Assembly	Setting up	Other	Total
Wages and salaries	40%	30%	30%	100%
Depreciation	25%	10%	65%	100%
Occupancy	20%	75%	5%	100%

How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool?
A. $322,000
B. $234,000
C. $221,333

4. 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, $46,700; Supervising, $33,600; and Other, $24,200. 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:

	MHs (Processing)	Batches (supervising)
Product S5	18,400	1,250
Product F5	770	970
Total	19,170	2,220

What is the overhead cost assigned to Product S5 under activity-based costing? (Round your intermediate calculations to 2 decimal places.)
A. $44,896.00
B. $48,353.00
C. $18,925.00

Reference no: EM13378704

Questions Cloud

Describe the history current status and adoption : describe the history current status and adoption implications of a financial accounting standards board ongoing

Assume the marginal external cost mec of oil use is 23bbl : assume the marginal external cost mec of oil use is 23bbl in 2013. assume the mec is linear and is equal to 0bbl when

Dowell chemical corporation research 15-2 fasb codification : dowell chemical corporation research 15-2 fasb codification locate and extract relevant information and authoritative

A father wants to save for his eightyearold sons college : a father wants to save for his eight?year?old sons college expenses. the son will enter college 10 years from now. an

1 matt company uses activity-based costing the company has : 1. matt company uses activity-based costing. the company has two products a and b. the annual production and sales of

This problem is based on the specific factors model : this problem is based on the specific factors model. consider the economy of the shire that produces cereals and

A government data processing center has been plagued in : a government data processing center has been plagued in recent years by complaints from employees of back pain.

An analyst is trying to determine the net social benefits : an analyst is trying to determine the net social benefits generated by the citys public swimming pool. at the current

In a survey of 1000 voters 580 responded passively to a : in a survey of 1000 voters 580 responded passively to a question on state issued bond to cover education

User Account

All Pages