26. Urban Products Co. incurs $1,050,000 of overhead costs each year in its three main departments, machining ($600,000), inspections ($300,000) and packing ($150,000). The machining department works 4,000 hours per year, there are 600 inspections per year, and the packing department packs 1,000 orders per year. Information about Urban's two products is as follows: brs Product Y 3,000 500 Product X 1,000 100 Machining hours Inspections Orders packed Direct labor hours CA 650 350 022 1,700 1,800 (D Using ABC, how much overhead is assigned to Product X this year? A) $363,462 B) $252,500 C) $525,000 D) $510,000 000.REIR 00 842 SETS dack hcts 0.12 27. One of Clay Company's activity cost pools is machine setups, with estimated overhead of $360,000. Clay produces sparklers (400 setups) and lighters (600 setups). How much of the machine setup cost pool should be assigned to sparklers? A) $144,000 B) $360,000 C) $216,000 D) $180,000 iong 000.1 DOI 022 001 28. Identifying and classifying activities is the uod gninh ob ouard bodong Eisbr0 ert st del ia EU odul ioe ib roilil no boacd anitecod fo A) first step under ABC. B) second step under ABC. C) last step under ABC. टदी D) None of these answers is correct. 29. The primary benefit of Activity-Based Costing is it provides A) enhanced control over overhead costs. B) more cost pools. C) better management decisions. D) more accurate product costing. D) 221000 30. Activity-based costing A) one plantwide pool and a single cost driver. B) numerous cost pools and numerous cost drivers. C) one uses plantwide pool and numerous cost drivers D) departmental pools and a single cost driver.
26. Urban Products Co. incurs $1,050,000 of overhead costs each year in its three main departments, machining ($600,000), inspections ($300,000) and packing ($150,000). The machining department works 4,000 hours per year, there are 600 inspections per year, and the packing department packs 1,000 orders per year. Information about Urban's two products is as follows: brs Product Y 3,000 500 Product X 1,000 100 Machining hours Inspections Orders packed Direct labor hours CA 650 350 022 1,700 1,800 (D Using ABC, how much overhead is assigned to Product X this year? A) $363,462 B) $252,500 C) $525,000 D) $510,000 000.REIR 00 842 SETS dack hcts 0.12 27. One of Clay Company's activity cost pools is machine setups, with estimated overhead of $360,000. Clay produces sparklers (400 setups) and lighters (600 setups). How much of the machine setup cost pool should be assigned to sparklers? A) $144,000 B) $360,000 C) $216,000 D) $180,000 iong 000.1 DOI 022 001 28. Identifying and classifying activities is the uod gninh ob ouard bodong Eisbr0 ert st del ia EU odul ioe ib roilil no boacd anitecod fo A) first step under ABC. B) second step under ABC. C) last step under ABC. टदी D) None of these answers is correct. 29. The primary benefit of Activity-Based Costing is it provides A) enhanced control over overhead costs. B) more cost pools. C) better management decisions. D) more accurate product costing. D) 221000 30. Activity-based costing A) one plantwide pool and a single cost driver. B) numerous cost pools and numerous cost drivers. C) one uses plantwide pool and numerous cost drivers D) departmental pools and a single cost driver.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:26. Urban Products Co. incurs $1,050,000 of overhead costs each year in its three main
departments, machining ($600,000), inspections ($300,000) and packing ($150,000).
The machining department works 4,000 hours per year, there are 600 inspections per
year, and the packing department packs 1,000 orders per year. Information about Urban's
two products is as follows:
brs
Product Y
3,000
500
Product X
1,000
100
Machining hours
Inspections
Orders packed
Direct labor hours
CA
650
350
022
1,700
1,800
(D
Using ABC, how much overhead is assigned to Product X this year?
A) $363,462
B) $252,500
C) $525,000
D) $510,000
000.REIR
00 842
SETS
dack
hcts
0.12
27. One of Clay Company's activity cost pools is machine setups, with estimated overhead
of $360,000. Clay produces sparklers (400 setups) and lighters (600 setups). How much
of the machine setup cost pool should be assigned to sparklers?
A) $144,000
B) $360,000
C) $216,000
D) $180,000
iong
000.1
DOI
022
001
28. Identifying and classifying activities is the
uod gninh
ob ouard
bodong Eisbr0
ert st
del
ia
EU
odul ioe ib roilil
no boacd anitecod fo
A) first step under ABC.
B) second step under ABC.
C) last step under ABC.
टदी
D) None of these answers is correct.
29. The primary benefit of Activity-Based Costing is it provides
A) enhanced control over overhead costs.
B) more cost pools.
C) better management decisions.
D) more accurate product costing.
D) 221000
30. Activity-based costing
A) one plantwide pool and a single cost driver.
B) numerous cost pools and numerous cost drivers.
C) one
uses
plantwide pool and numerous cost drivers
D) departmental pools and a single cost driver.
Expert Solution
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