**Activity-Based Costing Overview:** A corporation adopts an activity-based costing system categorized into three main activity cost pools: Assembly, Setting Up, and Other. The financial data related to costs and distribution is presented below. **Cost Breakdown:** - **Wages and Salaries:** $466,000 - **Depreciation:** $180,000 - **Utilities:** $200,000 - **Total Cost:** $846,000 **Distribution of Resource Consumption:** The table below details the percentage distribution of each cost across the three activity cost pools. | | Assembly | Setting Up | Other | Total | |-------------------------|----------|------------|-------|-------| | **Wages and Salaries** | 20% | 60% | 20% | 100% | | **Depreciation** | 15% | 35% | 50% | 100% | | **Utilities** | 5% | 55% | 40% | 100% | **Question:** How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool? - **Answer Choices:** - $103,200 - $130,200 - $93,200 - $120,200 In this activity-based costing system, the task is to determine the total amount allocated to the Assembly pool based on the provided percentages.

Activity-Based Costing Overview: A corporation adopts an activity-based costing system categorized into three main activity cost pools: Assembly, Setting Up, and Other. The financial data related to costs and distribution is presented below. Cost Breakdown: - Wages and Salaries: $466,000 - Depreciation: $180,000 - Utilities: $200,000 - Total Cost: $846,000 Distribution of Resource Consumption: The table below details the percentage distribution of each cost across the three activity cost pools. | | Assembly | Setting Up | Other | Total | |-------------------------|----------|------------|-------|-------| | Wages and Salaries | 20% | 60% | 20% | 100% | | Depreciation | 15% | 35% | 50% | 100% | | Utilities | 5% | 55% | 40% | 100% | Question: How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool? - Answer Choices: - $103,200 - $130,200 - $93,200 - $120,200 In this activity-based costing system, the task is to determine the total amount allocated to the Assembly pool based on the provided percentages.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
Which one of the following is not a step in allocating the support department cost to the production department? Select one: a. Trace all the overhead cost b. Divide the departments in to support and producing departments c. Undertake a breakeven analysis d. Divide the company in departments
Please do not give solution in image format thanku
Objective: Consider that you are an analyst at Regeneron Pharmaceuticals. You need to decide how to allocate administrative overhead costs to Regeneron's main commercial products (Eylea, Dupixent, Kevzara and Praluent). Determine how to appropriately allocate the costs in the table below to each of the commercial products using an allocation methodology of your choice. Department2019 Annual Operating ExpenseTime spent supporting Commercial productsCommercial$200MM100%IT$100MM25%Facilities$150MM0%Finance$25MM20%Human Resources$75MM10% Use the supporting document Net Product Sales of REGN Products to facilitate your analysis. Provide a written summary of how you allocated the overhead costs to each product in an outline of no more than one page. As a starting point, it's recommended that you revisit the material we covered in Chapter 12. Guidance on calculations:Start off with Net Product Sales of REGN Products. Your objective pertains to 2019 expenses, so you should be reviewing 2019…
answer in text form please (without image)
1. Compute an activity rate for each activity using activity-based costing.
Garrell Corporation is conducting a time-driven activity-based costing study in its Customer Support Department. The company has provided the following data to aid in that study: Time-driven activity rate (cost per unit of activity) Activity cost pool: Receiving Calls Resolving Issues Settling Disputes Cost Object Data: Number of calls received Number of issues resolved Number of disputes settled Customer P 31 17 1 $5.46 $8.58 $13.26 Customer Q 21 10 Required: Using time-driven activity-based costing, determine the total Customer Support Department cost assigned to cach customer.
Please do not give solution in image format thanku
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Question Content Area Activity rates and product costs using activity-based costing Idris Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Activity BudgetedActivity Cost Activity Base Casting $640,000 Machine hours Assembly 125,000 Direct labor hours Inspecting 30,000 Number of inspections Setup 28,000 Number of setups Materials handling 20,000 Number of loads Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow: Activity Base Entry Dining Total Machine hours 7,500 12,500 20,000…
determine if a profit center manager of a division of a picture frame manufacturer had control over each of the following costs and expenses: 1. cost of materials used for the division's production development 2. sales goals for the divisions top selling product 3. cost of employees hourly wage in the department answers- a. yes yes yes b. yes no yes c. no no yes d. yes yes no e. no yes no f. no no no
Solve the questions answer of number 3 & 4