User Account

All Pages

The working on engagements activity cost pool

Assignment Help Managerial Accounting
Reference no: EM13490071

Finkel& Robbins PLC, a consulting firm, uses an activity-based costing in which there are three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system:

Costs:

Wages and salaries...........     $800,000

Travel expenses..............      275,000

Other expenses...............     160,000

Total............................     $860,000

Distribution of resource consumption:

Activity Cost Pools

Working on     Business          

Engagements Development Other   Total

 

Wages and salaries         40%      30%   30%     100%

Travel expenses        55%      35%   10%     100%

Other expenses          15%      45%   40%     100%

 Required:

a. How much cost, in total, would be allocated to the Working On Engagements activity cost pool?
b. How much cost, in total, would be allocated to the Business Development activity cost pool?
c. How much cost, in total, would be allocated to the Other activity cost pool?

Reference no: EM13490071

Questions Cloud

Prepare a merchandise purchases budget for april : Prepare a Merchandise Purchases Budget for April, May and June, prepare a Cash Budgets for April, May and June and prepare a Budgeted Income Statement for the Quarter.
Explain how many pi-bonds does squalene have : Squalene is an important acyclic hydrocarbon whose molecular formula is C30H50. How many pi-bonds does squalene have. explain and show calculation
What is the coefficient of thernmal expansion of material : A span of a bridge is 200.00m at 10.0c Its length increases to 200.25m when the temperature increases to 40.0c. what is the coefficient of thernmal expansion of the material
Calculate total budgeted overhead cost of each production : Using the following methods, apply overhead from the service departments to the production departments and calculate the total budgeted overhead cost of each production department after the allocation.
The working on engagements activity cost pool : the Working On Engagements activity cost pool and how much cost, in total, would be allocated to the Business Development activity cost pool?
Determine the volurm of the piece of copper : A piece of copper with a mass of 1.0kg and density of 8900kg/m^3 is suspended from a string and conpietely in a contaner with water. determine the volurm of the piece of copper
State how much kilojoules done during a synthesis of ammonia : Calculate the work in kilojoules done during a synthesis of ammonia in which the volume contracts from 8.8L to 4.3L at a constant external pressure of 46 atm
Deteminethe total energy of this mass spring system : A 2kg mass attached to a spring undergces simple hamonic motion with an aamplitude of 0.1 m. Deteminethe total energy of this mass spring system
Compute customer margin for the lason family : Activity-based costing system, compute the customer margin for the Lason family. Round off all calculations to the nearest whole cent.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Best estimate of the total variable cost per unit

Green Company's variable expenses are 75% of sales. At a sales level of $400,000, the company's degree of operating leverage is 8. At this sales level, fixed expenses are

  Describe the cost flow in job order costing system

The three product cost elements?direct materials, direct labor, and overhead? Flow through job order costing system in structured, orderly fashion. Specific accounts and subsidiary ledgers are employed to verify and record cost information.

  Multiple changes in cash conversion cycle

Garrett Industries turns over its inventory 6 times each year, it has an average collection period of 45 days and an average payment period of 30 days. Calculate the firm's cash conversion cycle, its daily cash operating expenditure, and the amoun..

  Write about the financial statement analysis

Write about Best buy about their Financial Statement Analysis

  Question on account balances

For each of the balances above would the account normally be a credit or debit balance? Enter the closing journal entries as of December 31st. What would the new balances of each account be?

  Determining the process costing

During May, the number of equivalent full units of materials applied to units produced by Department Q totaled 50,000, computed as follows: beginning inventory, 7,000 equivalent full units; units started and completed in May, 35,000 equivalent ful..

  Advantages and disadvantages of job order costing

What would be some particular examples of advantages and disadvantages of job order costing?

  Analyze two managerial plans

A cost behavior analysis indicates that 75% of the cost of goods sold are variable. 50% of the selling expenses are variable, and 25% of the administrative expenses are variable.

  Advise managers whether or not this contract is profitable

Advise managers whether or not this contract is profitable. Evaluate any additional information that managers need to consider before accepting or rejecting this contract

  Measurement in the context of accounting

Measurement in the context of accounting The diverse measurement methods developed for different kinds of assets propose that standard setters are confused regarding the nature of the attribute which is to be measured

  Who are the stakeholders and what are the ethical issues

What are the ethical issues and what is your recommendation to the financial officer of your company

  Variable costing-financial reporting

Why is variable costing not allowed for financial reporting purposes?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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