$ 90,000$ 40,000$ 35,000$ 15,000$ 4,000$ 5,000$ 20,000$ 1,000$ 2,500$ 105,000$ 6,000$ 7,000Direct laborAdvertisingFactory supervisionSales commissionsDepreciation, office equipmentIndirect materialsDepreciation, factory buildingAdministrative office salariesUtilities, factory equipmentDirect materialsInsurance, factoryProperty taxes, factoryWhat Is the total fixed cost?Multiple Choice$68,000$128.000$118.000$113,000

Total Fixed Costs are the costs which are to be paid or settled irrespective of the number of units…

Answered: $ 90,000 $ 40,000 $ 35,000 $ 15,000 $…

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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Use Table 3 to answer this question. XYZ Co uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system (Table 3). How much cost, in total, would be allocated in the first-stage allocation to the Polishing activity cost pool? Select one: a. $192,100 O b. none of the given answer. c. $215,400 O d. $254,600 e. $326,300
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10. Ramona Diaz Ltd. produces two products, P1 and P2, at its two departments: Machining and Assembly, as shown in the table below. The accountant tries to allocate overhead costs to the two products. If the accountant decides to allocate overhead based on labor hours, what is P1’s share of the total overhead costs? $180,000 $200,000 $220,000 $240,000
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! Required information The Ferre Publishing Company provided the following data for its three service departments and two operating departments. Service Departments Administration Costs $ 140,000 Number of employees Square feet of space occupied Hours of press time 60 15,000 Janitorial $ 105,000 35 10,000 Maintenance $ 48,000 140 20,000 Operating Departments Binding Printing $ 275,000 $ 430,000 315 210 40,000 100,000 30,000 60,000 Total $ 998,000 760 185,000 90,000 Administration is allocated based on number of employees; Janitorial based on space occupied; and Maintenance based on hours of press time. Required: Assuming the company uses the direct method rather than the step-down method, how much cost would be assigned to each operating department? Note: Please enter allocations from a department as negative and allocations to a department as positive. The line should add across to zero. Do not round intermediate calculations. Departmental costs before allocations Allocations:…
P 245,000 250,000 176,000 Direct materials Indirect materials Direct labor 111,000 74,000 58,000 112,000 Indirect labor Factory utilities Advertising costs Sales commissions Depreciation on administration building Salaries of administrative personnel Depreciation- delivery equipment Overtime pay- factory workers Rework cost on defective products Discovered during quality inspection 93,000 220,000 42,000 31,500 22,500
٣٠
ZAD1 Sunshine Gardens overhead expenses are: 0.50 Indirect material pounds per unit Indirect material cost per pound Indirect labor hours $ 1.00 1.00 $ 16.50 Indirect labor rate per hour Variable maintenance per unit $ 0.75 $ 0.20 Variable utilities per unit Supervisor salaries $10,000 Maintenance salaries $ 9,000 Insurance $ 3,000 Depreciation $ 1,500 Given production of 10,200; 11,300; 12,900; and 13,200 for each quarter of the next year, prepare a manufacturing overhead budget for each quarter.

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