Activity-based costing usesnumerous cost pools and numerous cost drivers.one plantwide pool and numerous cost drivers.Ⓒone plantwide pool and a single cost driver.O departmental pools and a single cost driver.Save for LaterOi2HC Sunland Company required production for June is 132000 units. To make one unit of finished product, three pounds of direct materialZ are required. Actual beginning and desired ending inventories of direct material Z are 205000 and 235000 pounds, respectively.How many pounds of direct material Z must be purchased?O 408000.O 396000.O 378000.O 426000.Save for LaterO47CAttempts: 0 of 1 used Submit Answer

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Description: Activity-based costing usesnumerous cost pools and numerous cost drivers.one plantwide pool and numerous cost drivers.Ⓒone plantwide pool and a single cost driver.O departmental pools and a single cost driver.Save for LaterOi2HC Sunland Company requ

Direct material purchase budget :— This budget is prepared to estimate the number of units and cost…

Business

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Activity-based costing uses numerous cost pools and numerous cost drivers. one plantwide pool and numerous cost drivers. one plantwide pool and a single cost driver. O departmental pools and a single cost driver. Save for Later

Activity-based costing uses numerous cost pools and numerous cost drivers. one plantwide pool and numerous cost drivers. one plantwide pool and a single cost driver. O departmental pools and a single cost driver. Save for Later

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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implementing an activity-based costing system that has four activity cost pools: Travel, Pickup and Delivery, Customer Service, and Other. The activity measures are miles for the Travel cost pool, number of pickups and deliveries for the Pickup and Delivery cost pool, and number of customers for the Customer Service cost pool. The Other cost pool has no activity measure because it is an organization-sustaining activity. The following costs will be assigned using the activity-based costing system Driver and guard wages Vehicle operating expense Vehicle depreciation. Customer representative salaries and i expenses office expenses Driver and guard wages Vehicle operating expense Vehicle depreciation Customer representative salaries and expenses office expenses Administrative expenses Administrative expenses Total cost The distribution of resource consumption across the activity cost pools is as follows. Pickup and Delivery 35% 5% $1,000,000 510,000 390,000 Driver and guard wages Vehicle…
3. Provide the justification why more companies are refining their costing systemby using Activity Based Costing. explain the answers with proper examples. Thank you.
Which of the following statements is true? O The first step in activity-based costing is to assign overhead costs to products using cost drivers ABC usually results in less appropriate management decisions Activity-based costing allocates overhead to multiple activity cost pools and assigns the cost pools to products using cost drivers O Traditional costing systems use multiple predetermined overhead rates
The greatest advantage associated with activity-based costing (relative to a traditional allocation with a single allocation base) is that: It allocates all allocation bases based on multiple pools of activities. It uses multiple cost pools. Each cost pool has its own activity measure. It uses multiple cost pools but only a single activity measure to improve the precision of estimates. It uses a single cost pool but multiple allocation bases to improve the precision of estimates.
6. Which of the following statements is true? .Direct labor costs are usually included in the costs that are allocated to activity cost pools in an activity-based costing system. ll. The first stage allocation in a ABC system is the process of assigning overhead costs to activity cost pool. |||. Direct material costs are usually included in the costs in the costs that are allocated to activity cost pools in an activity based costing system
What is the right cost hierarchy in Activity-Based-Costing ABC Select one: O a. Organization, facilities, products, customers, batch level and then unit level O b. Organization, facilities, customers, products, batch level and then unit level O c. Organization, products, facilities, customers, batch level and then unit level O d. Organization, customers, products, facilities, batch level and then unit level
Process costing is an effective method to identify resource and logistics costs. Please respond to the following: Discuss the specific steps you would take to design a process costing system that effectively identifies resource and logistics costs of a manufactured product.
How to allocate indirect costs to multiple departments using an ABC cost driver?
Activity-based costing can be beneficial in allocating selling and administrative expenses to various products for managerial decision making. Which of the following would be the best allocation base for help desk costs? a. number of sales employees Ob. number of products sold c. number of calls Od. square footage of the help desk office
Job Costing• Process Costing• Operation Costing (Hybrid Costing)• Activity-based Costing Based on your chosen costing article, how useful was the cost information to the internal users in the organisation? Discuss with examples from your costing article
Activity-based costing (ABC) is a costing technique that uses a two-stage allocation process. Which of the following statements best describes these two stages? Multiple Choice Direct costs are allocated to the production departments based on a predetermined overhead rate. The costs are assigned to departments, and then to the products based upon their use of activity resources. The costs are assigned to activities, and then to the products based upon their use of the activities. Indirect costs are assigned to activities, and then to the products based upon the direct cost resources used by the activities.