How much indirect factory wages and factory equipment

Assignment Help Financial Accounting
Reference no: EM133001860

Ort Corporation has provided the following data from its activity-based costing accounting system:

Indirect factory wages $360,000

Factory equipment depreciation $100,000

Distribution of Resource Consumption across Activity Cost Pools:

Activity                                    Cost Pools                Customer Orders               Product Processing                 Other Total

Indirect factory wages                 60%                         30%                          10%                            100%

Factory equipment depreciation       20%                         60%                            20%                           100%

The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs that are not assigned to products.

Problem 1: How much indirect factory wages and factory equipment depreciation cost would NOT be assigned to products using the activity-based costing system?

a $0.

b. $56,000

c. $100,000

d. $360,000

Reference no: EM133001860

Questions Cloud

What rate per quarter is the investment promising : Fast Street Investment Company offers you an investment that promises to triple your money in 63 months. Interest is compounded quarterly.
Determine the total cost of the snow man project : Determine the total cost of the Snow Man project. Whispering Winds Delights manufactures a wide variety of holiday and seasonal decorative
Characteristics between mutual funds and managed products : What are the key differences in characteristics between mutual funds and managed products?
Deploying iot devices in the network : Addressing the most common issues associated to deploying IoT devices in the network - extending your threat mapping and counter measures searching
How much indirect factory wages and factory equipment : How much indirect factory wages and factory equipment depreciation cost would NOT be assigned to products using the activity-based costing system?
How might the expectations of higher oil price affect : How might the expectations of higher oil price affect the demand for loanable funds, supply of loanable funds and the interest rates of a country?
What is the current floating rate available for company b : Company A, a lower-rated firm, currently has access to floating interest rate funds at a margin of 1.7% over LIBOR and fixed-rate funds at 11%.
What is the standard deviation of the expected returns : What is the standard deviation of the expected returns for this stock? (Answer to the nearest tenth of a percent, but do not use a percent sign).
Which overapplied manufacturing overhead means that : Which Overapplied manufacturing overhead means that? the estimated manufacturing overhead cost was less than the applied manufacturing overhead cost.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Examine long-term borrowings in british airways balance

Examine long-term borrowings in British Airways's balance sheet and the related note. What, if any, convertible securities does the company have outstanding?

  What is the length of the firm cash conversion cycle

What is the length of the firm's cash conversion cycle? If annual sales are $4,380,000 and all sales are on credit, what is the firm's investment in accounts

  What amount should appear on the financial statements

Macon Enterprises purchased land for $2,000,000 in 2001. In 2015, an independent appraiser assessed the value at $3,400,000. What amount should appear on the financial statements in 2015 with respect to the land?

  How much of dividend will paid to each type of shareholder

Star Corporation, The company last paid a dividend on December 31, 2017. How much of the dividend will be paid to each type of shareholder?

  Adjusted trial balance using the adjustment information

Complete the work sheet for Ramey Company, dated December 31, 20--, through the adjusted trial balance using the following adjustment information:

  Find what should the coupon rate be on the bonds

If the bonds' par value is R1 000 and matures in 40 years, what should the coupon rate be on the bonds? Market for R835 at an interest rate of 12% that is paid.

  Delivers each paycheck to the appropriate employee

BIGBUCKS has five departments, each with a supervisor. The supervisor of each department triggers (initiates) the payroll process. Each department supervisor totals the hours for each employee. He notes these totals on a summary employee timesheet. T..

  Calculate the depreciation expense to be recorded in books

Max Enterprises, Calculate the depreciation expense to be recorded in the books of Max Enterprises for the year ending 31st December 2020.

  What depreciation expense will the company record

In the 6th year of the PP&E's life it produces 135 units. What Depreciation expense will the company record if it uses Units of Production depreciation method?

  Compute what are the expected return and standard deviation

Compute What are the expected return and standard deviation of a portfolio with 38% invested in Big Time Toys and the rest in Chemical Industries?

  What the journal entry to recognize the compensation

What the journal entry to recognize the compensation for 2016 is? On January 1, 2014, an entity granted 50,000 share options to the employees.

  Find and Calculate the Lerner index

Does the Lerner index make sense in this situation? Calculate the Lerner index if the marginal cost of producing Botox is $1.50 per vial.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd