6)Which of the following is a cost pool used with the activity-based costing method? a)production setups...
6)Which of the following is a cost pool used with the activity-based costing method?
a)production setups
b)total selling and administrative overheads
c)total factory overheads
d)direct material dollars
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Homework Answers
Cost pool is the basis, based on which overheads are allocated by department or service center.
Selling aand administrative expenses, fixed costs and direct material dollars are costs.
Production ssetups is a cost pool, based on which overheads are allocated.
Correct Option is a) Production setups
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6)Which of the following is a cost pool used with the
activity-based costing method?
a)production setups...
The following data regarding the activity-based costing system at the Company Co. is available: Activity Pool...
The following data regarding the activity-based costing system at the Company Co. is available: Activity Pool Base Budgeted Activity Budgeted Cost Machine set up # of setups 2867 $26651 Orders # of orders 924 $80603 Shipping Hours of shipping time 2081 $40657 In addition, prior to adopting an activity based costing system, Company Co. applied overhead based on direct labour hours. The budgeted total labour hours for the year was 50450. If one job required 427 direct labour hours, 41...
The following data regarding the activity-based costing system at the Herman Company is available Activity Pool...
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Activity Cost Pool Activity Rate Labor-related per DLH Machine-related per MH Machine setups per setup Production...
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Chapter 6 Activity Based Costing Poldberg Co. uses activity based costing for all of its overhead costs. The company has provided the following data concerning its annual overhead costs and its activity based costing system Overhead costs: Wages & Salaries Factory Supplies $806,000 488.000 $1.294,000 Total Distribution of resource consumption Activity Cost Pools Wages and salaries Factory Supplies Clean Up 22% 48% Inspection 60% 20% Other 18% 32% Total 100% 100% The amount of activity for the year is as...
6. Sarah Corporation has provided the following data from its activity-based costing system: Activity Cost Pool...
6. Sarah Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Assembly .................. $387,000 25,000 machine-hours Processing orders ........ $68,510 1,700 orders Inspection $129,117 1,930 inspection-hours The company makes 240 units of product T91H a year, requiring a total of 550 machine-hours, 90 orders, and 40 inspection-hours per year. The product's direct materials cost is $16.98 per unit and its direct labor cost is $12.09 per unit. According to the activity-based...
Compute the activity rate for each activity cost pool. Required information [The following information applies to...
Compute the activity rate for each activity cost pool.
Required information [The following information applies to the questions displayed below.] Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools: Activity Cost Pool Labor-related Machine-related Machine setups Production orders Product testing Packaging General factory Estimated Overhead Cost $ 19,600 $ 7,000 $ 23,400 $ 16,500 $ 22,400 $ 62,900 $ 60,000 Expected Activity 10,000 direct labor-hours 7,000 machine-hours 600...
cách). 1. Activity-based costing differs from a traditional costing system in all of the following aspects...
cách). 1. Activity-based costing differs from a traditional costing system in all of the following aspects EXEPT: A) Direct materials, direct labor, and shipping costs are directly assigned to cost objects. B) Numerous overhead cost pools are used in ABC system. C) Most but not all manufacturing costs are assigned to products. D) Non-manufacturing as well as manufacturing costs may be assigned to products. 2. In activity-based costing, the activity rate for an activity cost pool is computed by dividing...
Activity Cost Pool Labor-related Machine-related Machine setups Production orders Shipments General factory Activity Rates $ 6.00...
Activity Cost Pool Labor-related Machine-related Machine setups Production orders Shipments General factory Activity Rates $ 6.00 per direct labor-hour $ 10.00 per machine-hour $ 50.00 per setup $ 100.00 per order $ 120.00 per shipment $ 10.00 per direct labor-hour Cost and activity data have been supplied for the following products: Direct materials cost per unit Direct labor cost per unit Number of units produced per year $ $ 378 4.50 5.00 2,000 B52 $26.00 $ 6.00 100 Direct labor-hours...
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Pro blem 2 (Supplemental Problem #2)-Activity-based costing versus traditional costing sunglasses. The company uses a normal cos based on direct labor hours Lovelace Company produces only two products: reading glasses and sung system and overhead costs are currently allocated using a plant-wide overhead rate products. Itants have recommended that the company use activity-based costing to charge overhead to he company expects to produce 4,000 reading glasses and 8,000 sunglasses this year. Each pair of reading glasses requires two direct labor...
Churchill Products is considering updating its cost system to an activity-based costing system and is interested...
Churchill Products is considering updating its cost system to an activity-based costing system and is interested in understanding the effects. The company’s cost accountant has identified three overhead cost pools along with appropriate cost drivers for each pool. Cost Pools Costs Activity Drivers Utilities $ 320,000 64,000 machine-hours Scheduling and setup 310,000 620 setups Material handling 795,000 1,590,000 pounds of material The company manufactures three models of water basins (Oval, Round, and Square). The plans for production for the next...
The following data regarding the activity-based costing system at the Herman Company is available Activity Pool Machine set up Orders Shipping Budgeted Activity 304 144 204 Budgeted Cost S1216 1243 1444 ase # of setups # of orders Hours Herman completed a total of 10 jobs during the period, of which the last job just completed for a customer required 2 setups, 6 orders, and 2.6 hour of shipping time. How much cost will be assigned to the job by...
Chapter 6 Activity Based Costing Poldberg Co. uses activity based costing for all of its overhead costs. The company has provided the following data concerning its annual overhead costs and its activity based costing system Overhead costs: Wages & Salaries Factory Supplies $806,000 488.000 $1.294,000 Total Distribution of resource consumption Activity Cost Pools Wages and salaries Factory Supplies Clean Up 22% 48% Inspection 60% 20% Other 18% 32% Total 100% 100% The amount of activity for the year is as...
6. Sarah Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Assembly .................. $387,000 25,000 machine-hours Processing orders ........ $68,510 1,700 orders Inspection $129,117 1,930 inspection-hours The company makes 240 units of product T91H a year, requiring a total of 550 machine-hours, 90 orders, and 40 inspection-hours per year. The product's direct materials cost is $16.98 per unit and its direct labor cost is $12.09 per unit. According to the activity-based...
Compute the activity rate for each activity cost pool.
Required information [The following information applies to the questions displayed below.] Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools: Activity Cost Pool Labor-related Machine-related Machine setups Production orders Product testing Packaging General factory Estimated Overhead Cost $ 19,600 $ 7,000 $ 23,400 $ 16,500 $ 22,400 $ 62,900 $ 60,000 Expected Activity 10,000 direct labor-hours 7,000 machine-hours 600...
cách). 1. Activity-based costing differs from a traditional costing system in all of the following aspects EXEPT: A) Direct materials, direct labor, and shipping costs are directly assigned to cost objects. B) Numerous overhead cost pools are used in ABC system. C) Most but not all manufacturing costs are assigned to products. D) Non-manufacturing as well as manufacturing costs may be assigned to products. 2. In activity-based costing, the activity rate for an activity cost pool is computed by dividing...
Activity Cost Pool Labor-related Machine-related Machine setups Production orders Shipments General factory Activity Rates $ 6.00 per direct labor-hour $ 10.00 per machine-hour $ 50.00 per setup $ 100.00 per order $ 120.00 per shipment $ 10.00 per direct labor-hour Cost and activity data have been supplied for the following products: Direct materials cost per unit Direct labor cost per unit Number of units produced per year $ $ 378 4.50 5.00 2,000 B52 $26.00 $ 6.00 100 Direct labor-hours...
Pro blem 2 (Supplemental Problem #2)-Activity-based costing versus traditional costing sunglasses. The company uses a normal cos based on direct labor hours Lovelace Company produces only two products: reading glasses and sung system and overhead costs are currently allocated using a plant-wide overhead rate products. Itants have recommended that the company use activity-based costing to charge overhead to he company expects to produce 4,000 reading glasses and 8,000 sunglasses this year. Each pair of reading glasses requires two direct labor...
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