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Option C is the answer Activity cost drivers are the actions that trigger the cost to either increase or decrease. Specific units of work performed to satisfy the customer needs increase the cost of output thereby making it the cost driver. |
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QUESTION 16 Specific units of work performed to serve customer needs that consume costly resources are:...
An employer needs 20,000 units of work (in capacity units) to be performed and can hire as many labourers as needed. Assume that labourers’ only source of income is from this employment and that all income is spent on nutrition. For all payments up to $200 capacity is zero, and then begins to rise by 1.5 units for each additional dollar paid. This happens until an income of $800 is paid. After this point each additional dollar paid increases capacity...
QUESTION 20 An activity that is performed to support a specific product line is a: Not yet answered Marked out of 1.00 Select one: P Flag question O a. batch-level activity. O b. facility-level activity c. unit-level activity. O d. product-level activity. COVID 19 Co 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 $ 273,000 Depreciation 207,000 Utilities...
16. The Molding Department of Kennett Company has the following production data: beginning work in process 40,000 units (60% complete), started into production 680,000 units, completed and transferred out 690,000 units, and ending work in process 80,000 units (40% complete). Assuming conversion costs are incurred uniformly during the process, the equivalent units for conversion costs are: a. 770,000. b. 698,000 69200+80,000x407 C. 922,000. d. 690,000 e. none of these is the correct answer 17. Materials costs of $500,000 and conversion...
QUESTION THREE [25] EC, an engineering company, produces tools and components to customers' specific requirements. EC uses absorption costing to absorb overheads into the cost of each customer order. Selling prices are usually determined by adding a 30% mark up to the costs incurred in completing the order. EC has recently been asked to provide a quotation for a new customer. The details of the work have been discussed at a meeting with the customer and the following resource requirements...
QUESTION 2 (16 MARKS) A. A number of cost and measures of activity are listed below: Cost Descriptions Cost of heating a hardware store Windsheild wiper blades installed on autos Possible Measure of Activity RM Fixed/Variable at an auto assembly plant 3. Cost of tomato sauce used at a pizza shop Cost of shipping bags of fertilizer to a customer at a chemical plant Number of autos assembled Pizzas cooked Bags shipped Cost of electricity for production equipment at the...
QUESTION ONE [20] EC, an engineering company, produces tools and components to customers' specific requirements. EC uses absorption costing to absorb overheads into the cost of each customer order. Selling prices are usually determined by adding a 30% mark up to the costs incurred in completing the order. EC has recently been asked to provide a quotation for a new customer. The details of the work have been discussed at a meeting with the customer and the following resource requirements...
Management information system Please answer the question correctly QUESTION 16 Which of the following is the most widely used operating system in business? Linux Mac OS Windows Unix 2.5 points QUESTION 17 Which of the following is an open-source operating system? Unisys Windows Linux Mac OS 2.5 points QUESTION 18 Which of the following storage types is volatile? RAM ROM PROM All the choices are volatile. 2.5 points QUESTION 19 Which of the following best describes the...
QUESTION: This list of 75 KPIs every manager needs to know is also listed in your text on pages 264-265. After reviewing this list and the required resources for this module, consider which indicators would be most important for an industry of your choosing. Provide background information on the industry you chose, and why you think the KPIs you chose are important. Support your list with resources. Read Below!!!! Reference: Key Performance Indicators (KPIs) should be the vital navigation instruments...
Jeri Cooper, the sales manager of Brunners Corporation, is getting worried. Her last three bids were rejected in favor of a bid from a new competitor to the market. Now, she is putting together a bid for a potential new customer, and she wants to make sure the price is competitive, but still profitable. As the managerial accountant at Brunners, your job is to help Jeri prepare bids by providing the most accurate cost estimates. Brunners is a plastic injection...
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HA1-R12 (Home assignment #1 based on theRIchärdsbookOhipterawmarehouseoostn Calculate answers to all the questions below. Then go to Assessments Quizzes on Western Online and enter the answers into HA1-R12. Each answer is worth 2 points. You will have two attempts. Exercise 1. RO A warehouse manager is considering purchasin g an electric forklift for loading/unloading and handling of pallets on the dock, the operations that are currently performed with a hand pallet truck. The cost of a forklift is $20,000...