Activity Measures Riverton Industries manufactures and sells two products: Product X2 and Product Y3. The company uses an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Cost Pools Estimated Overhead Cost Expected ($) Activity Product X2 Product Y3 Total Labor-related DLHS $220,000 9,000 Production Orders $50,000 1,200 orders Ordersize MHs $210,000 7,500 The activity rate for the Order Size activity cost pool under activity-based costing is: A. $18.55 per MH B. $14.48 per MH C. $23.50 per MH D. $28.00 per MH
Q: None
A: Step 1: Identify the weekly travel allowance amountStep 2: Determine the applicable income tax…
Q: What is the average collection period in days ? General accounting
A: Step 1: Definition of Accounts Receivable TurnoverAccounts Receivable Turnover is a financial ratio…
Q: Answer this question ?
A: Explanation of Gross Profit:Gross profit is the difference between a company's net sales and its…
Q: The manufacturing costs of Carrefour enterprises for the first
A: Step 1: Identify the high and low activity levels (units produced and total costs).Step 2: Calculate…
Q: Please given answer
A: Step 1: Definition of Cost RatioThe cost ratio under the retail inventory method is the proportion…
Q: PLEASE HELP. FILL ALL EMPTY CELLS AND FIX THE RED INCORRECT CELLS!
A: Transaction 1: Deposit received on December 5The store received $540 as a deposit, which is a…
Q: Department A had 15,000 units in work in process that were 60% completed as to labor and overhead at…
A: Explanation of Equivalent Units of Production:The Equivalent Units of Production is a concept used…
Q: None
A: We use the relative fair value method to allocate the purchase price of $625,000 among the acquired…
Q: Please give true answer this financial accounting question
A: Step 1: Define Direct Materials UsageDirect Materials Usage refers to the quantity of raw materials…
Q: I need help with accounting
A: Step 1: Definition of Dividend YieldDividend Yield is a financial ratio that shows how much a…
Q: Computing the gross profit percentage Edible Art earned net sales revenue of $75,050,000 in 2019.…
A: Explanation of Net Sales Revenue: Net sales revenue, which is $75,050,000 in this case, represents…
Q: Provide answer this question
A: Explanation of Operating Cycle:The Operating Cycle measures the time it takes for a company to…
Q: Question 1. Pearl Leasing Company agrees to lease equipment to Martinez Corporation on January 1,…
A: The value of the lease liability at lease commencement is the present value of the minimum lease…
Q: Provide answer general accounting
A: Step 1: Definition of Absorption CostingUnder absorption costing, all manufacturing costs, including…
Q: What is it's return on equity on these general accounting question?
A: To calculate the Return on Equity (ROE) for Sunrise Biotech, we use the formula: ROE = Profit Margin…
Q: Financial Accounting
A: Step 1: Define Work in Process CostsWork in process (WIP) costs represent the total production costs…
Q: Wacc
A: To calculate **Valencia Ventures Corporation's cost of common equity** and **Weighted Average Cost…
Q: None
A: Step 1: Determine the formula for the Price-Earnings (P/E) RatioStep 2: Calculate Earnings per Share…
Q: General accounting question
A: Explanation for a: The formula to calculate dividend yield is as follows:Dividend yield = Dividend…
Q: Do fast this question answer general Accounting
A: Step 1: Define Adjusted Gross EstateFederal estate tax liability is set based on the adjusted gross…
Q: Need help this question
A: Explanation: The formula to calculate gross margin is as follows:Gross margin = Sales - Cost of…
Q: General Accounting
A: Step 1: Definition of Write-offs and Net Realizable ValueWrite-offs: Write-offs represent the…
Q: Stark Enterprise has the following reconciliation of.... Please answer the financial accounting…
A: Step 1: Define Deferred Income Tax LiabilityDeferred income tax liability arises when temporary…
Q: Financial accounting
A: To calculate the required return for the market, we use the formula for the required return:Required…
Q: What was her capital gains yield? General accounting
A: The capital gains yield is calculated as the percentage increase in the price of the stock. The…
Q: Get correct answer general accounting
A: Total Fair Value: $150,000 + $400,000 + $200,000 = $750,000Land:Allocation Percentage=Fair Value of…
Q: Assume the following information
A: Concept of Variable CostsVariable costs are expenses that change directly with the level of…
Q: ?!
A: To calculate the **Cash Conversion Cycle (CCC)**, we need to compute three components:1. **Days…
Q: Frisco Company recently purchased 164,000 units of raw material for $642,000. Three units of raw…
A: To calculate the materials purchase price variance, we use the following formula: Materials Purchase…
Q: What is the return on assets ratio?
A: The question pertains to the determination of the ROA. Although there are multiple formulas, return…
Q: Can you please give me correct solution for this general accounting question?
A: (i) Break-Even Point in UnitsBreak-Even Units=(Fixed Costs+Desired Profit)/(Selling Price per…
Q: Hii expert please given correct answer general Accounting question
A: Step 1: Define Preferred StockPreferred stock is a mode of finance that a company uses to raise…
Q: Variable operation cost
A: To calculate the degree of operating leverage (DOL), we use the following formula: DOL = (% Change…
Q: R owns a condominium. The individual unit owners are assessed $10,000 each for an uninsured…
A: Under the HO-06 (Unit-Owners Form), there is a provision called Loss Assessment Coverage, which…
Q: Solve this?
A: Explanation of Variable Costs: Variable costs are expenses that change in proportion to production…
Q: Ans
A: To calculate the price-earnings (P/E) ratio, we need to find the earnings per share (EPS) and the…
Q: Hii expert please given correct answer financial accounting question
A: Step 1: Define Retained EarningsIncome after paying tax and distribution of profit there in the hand…
Q: What are the risks associated with foreign currency hedges? How can the company determine the…
A: Risks from Foreign Currency HedgesMarket Risk:The currency exchange rates may fluctuate in an…
Q: ???
A: To solve this problem step by step, we need to calculate the projected stock price one year from now…
Q: I want to this question answer general Accounting
A: Step 1: Define Total Direct Labor VarianceThe total direct labor variance measures the difference…
Q: To set the foundation for the course, you read about globalization in this week’s content and…
A: I stand **in favor of globalization** because of its ability to connect economies, foster…
Q: Pluto company beginning and ending inventory levels for January
A: Explanation of Units to Be Manufactured:The Units to Be Manufactured represent the total number of…
Q: Question: 5-1 Good Times Restaurant estimates the following costs for next year: fixed costs…
A: We have given, Fixed costs: $120,000Variable cost per meal: $15Selling price per meal: $35OpDesired…
Q: Determine the firm fixed cost?
A: Step 1: Meaning of fixed costFixed costs are the expenses that remain constant at different levels…
Q: General accounting question
A: The contribution margin (CM) can be calculated using the formula: Contribution Margin = Sales × CM…
Q: What was the variable cost per dog associated with zarena's water bill?
A: We have given: Highest bill: $3,800 for washing 400 dogsLowest bill: $2,400 for washing 200 dogsLet…
Q: Plug Products owns 80 percent of the stock of Spark Filter Company, which it acquired at underlying…
A: Step 1: Calculate Spark Filter's Net IncomeFrom the trial balance:Spark Filter's sales =…
Q: Don't Use Ai
A: Step 1: Payment timings10% of purchases is paid in the month of purchase.50% of purchases is paid in…
Q: Prime cost per unit?
A: Step 1: Definition of Prime CostPrime cost refers to the direct costs incurred in the production of…
Q: Need correct answer general Accounting question
A: Explanation: In the given case, we are required to calculate the income taxes payable from the data…
Need help with this financial accounting question
Step by step
Solved in 2 steps
- A company manufactures and sells two products: Product T8 and Product P4. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity:Paul company has two pro..accounting questionStrama, inc. Manufactures and sells two products: Product A6 and Product I5.
- Roca, Incorporated, manufactures and sells two products: Product M6 and Product X7. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Overhead Cost Activity Cost Pools Labor-related Production orders Order size Multiple Choice O $360,294 O $443.424 O $369,879 Activity Measures DLHs orders MHS O $249,264 $ 152,100 63,035 505,452 $ 720,587 The total overhead applied to Product X7 under activity-based costing is closest to: (Round your Intermediate calculations to 2 decimal places.) Expected Activity Product M6 Product X7 3,000 400 4,800 300 3,700 3,600 saved Total 7,800 700 7,300Chrzan, Incorporated, manufactures and sells two products: Product EO and Product NO. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Product E0 Product Ne Total direct labor-hours Activity Cost Pools Labor-related Production orders Order size The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Overhead Cost Multiple Choice $33.94 per MH $54.20 per MH Direct Expected Labor-Hours Production Per Unit 10.1 410 1,550 9.1 $51.98 per MH $21.40 per MH Activity Measures DLHS orders MHs Total Direct Labor- Hours $ 301,890 61,087 585,366 $948,343 The activity rate for the Order Size activity cost pool under activity-based costing is closest to: 4,141 14, 105 18,246 Product E 4,141 850 5,550 Expected Activity Product NO 14, 105 950 5,250 Total 18,246 1,800 10,800Saved Help Sav CH 07 i Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system cont following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Activity Rates $6 per direct labor-hour $ 4 per machine-hour $ 50 per setup $ 90 per order $ 14 per shipment $ 840 per product Production orders Shipments Product sustaining Activity data have been supplied for the following two products: Total Expected Activity K425 M67 Number of units produced per year Direct labor-hours 200 2,000 80 500 Machine-hours Machine setups Production orders 100 1,500 1 4 4 Shipments Product sustaining 1 10 1 Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system? DELL F3 prt sc home end F4 F5 F6
- Forner, Inc., manufactures and sells two products: Product Z1 and Product Z8. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Cost Pools Activity Measures Overhead Cost Product Z1 Product Z8 Total Labor-related DLHs $ 112,190 600 2,000 2,600 Machine setups setups 40,440 500 700 1,200 Order size MHs 609,770 3,000 3,200 6,200 $ 762,400 The activity rate for the Order Size activity cost pool under activity-based costing is closest to: Multiple Choice $56.10 per MH $293.23 per MH $76.24 per MH $98.35 per MHWeirick, Incorporated, manufactures and sells two products: Product T8 and Product P4. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Cost Pools Activity Measures Estimated Overhead Cost Expected Activity Product T8 Product P4 Total Labor-related DLHs $ 134,500 9,600 4,800 14,400 Production orders orders 63,430 1,300 200 1,500 Order size MHs 992,100 3,100 3,900 7,000 $ 1,190,030 The total overhead applied to Product P4 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $928,670 $552,747 $606,037 $1,055,530Forner, Incorporated, manufactures and sells two products: Product 21 and Product Z8. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Cost Pools Labor-related Machine setups Order size Multiple Choice Activity Measures DLHS setups MHS $7129 per MH Estimated Expected Activity Overhead Cost Product 21 Product 28 $ 109,600 51,690 808,470 $ 969,760 4,800 700 2,800 The activity rate for the Order Size activity cost pool under activity-based costing is closest to: 2,400 300 3,500 Total 7,200 1,000 6,300
- Strama, Inc., manufactures and sells two products: Product A6 and Product 15. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity Estimated Expected Activity Activity Overhead Activity Cost Pools Labor-related Production orders Measures Cost $181,138 39,624 173,147 Product A6 Product I5 1,800 Total DLHS 7,200 400 9,000 orders 600 1,000 Order size MHS 4,600 4,700 9,300 $393,909 The activity rate for the Order Size activity cost pool under activity-based costing is closest to: Multiple Cholce $23.74 per MH $100.63 per MH $43.77 per MH 自 。 92 F AQI 61 ype here to search DELLForner, Inc., manufactures and sells two products: Product Z1 and Product Z8. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity Estimated Expected Activity Activity Overhead Activity Cost Pools Labor-related Measures Cost Product Z1 Product Z8 Total DLHS $112,190 40,440 609,770 600 2,000 Machine setups Оrder size 2,600 1,200 6, 200 setups 500 700 MHs 3,000 3,200 $762,400 The activity rate for the Machine Setups activity cost pool under activity-based costing is closest to: Multiple Cholce $203.26 per setup $190.55 per setup $122.97 per setup 92 F AQI 61 nere to search DELL1