$ 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
! 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:…
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.
Schedule of Activity Costs Quality Control Activities Process audits Training of machine operators Processing returned products Scrap processing (disposal) Rework Preventive maintenance Product design Warranty work Finished goods inspection Activity Cost $50,000 28,000 19,000 25,000 8,000 30,000 46,000 12,000 23,000 From the provided schedule of activity costs, determine the value-added costs. A.$177,000 B.$191,000 C.$156,000 D.$104,000
The following information relates to the Bell Tower Company: $120,000 40,000 85,000 310,000 395,000 83,000 Direct Material - used Sunk Costs Factory Overhead Conversion Costs Cost of Goods Sold Finished Goods - Beginning Cost of Goods Manufactured Work-in-Process - Beginning Question 5.4 The ending WIP is: O $64,000 O $23,000 O $122,000 O $21,000 372,000 64,000
1 for project
QQWTWV844 Corporation uses the step-down method to allocate service department costs to operating departments. The company has three service departments and two operating departments. Data concerning those departments follow: Service Departments Janitorial $72,750 Operating Departments Binding $355,000 295 30,000 30,000 Admin. $162,500 Maintenance $39,000 Printing $430,000 Costs # of employees Sq. feet occ. Hours of press time 60 33 132 190 4,000 10,000 15,000 90,000 60,000 QQWTWV844's Admin. Department's costs are allocated on the basis of number of employees; Janitorial Department's costs are allocated on the basis of square feet occupied; Maintenance Department's costs are allocated on the basis of press time hours used. (ID#86342) Q: What is QQWTWV844's total Binding Department's cost (including its beginning cost) after all allocations? A: $

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