A local regional credit union, Metro Credit Union, has identified the major activities of the credit union, traceable costs, andphysical flow of driver units:ActivitiesTraceable CostsDriver UnitsOpen new accounts$30,000|1,000 accountsProcess deposits26,000400,000 depositsProcess withdrawals10,000200,000 withdrawalsProcess loan applications36,000|900 applications|The following activities are used by the Downtown branch and the East branch:DowntownEastNew accounts200400Deposits40,00015,00020,00018,000WithdrawalsLoan applications100160How much of the loan application cost will be assigned to the Downtown branch?O $ 6,400$10,400$3,000O $4,000

Introduction Activity based costing Activity based costing is not dependent on the traditional…

ical flow of driver units: vities Traceable Costs Driver Units n new accounts $30,000 1,000 accounts cess deposits 26,000 400,000 deposits ess withdrawals 10,000 200,000 withdrawals cess loan applications 36,000 900 applications following activities are used by the Downtown branch and the East branch: Downtown East v accounts 200 400 osits ndrawals 40,000 15,000 20,000 18,000 n applications 100 160 much of the loan application cost will be assigned to the Downtown branch? 6,400 10,400 -3,000 -4,000

ical flow of driver units: vities Traceable Costs Driver Units n new accounts $30,000 1,000 accounts cess deposits 26,000 400,000 deposits ess withdrawals 10,000 200,000 withdrawals cess loan applications 36,000 900 applications following activities are used by the Downtown branch and the East branch: Downtown East v accounts 200 400 osits ndrawals 40,000 15,000 20,000 18,000 n applications 100 160 much of the loan application cost will be assigned to the Downtown branch? 6,400 10,400 -3,000 -4,000

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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V - MN * 00 因今4 3. 01 n Chapters 8-10 Saved Help Save & Exit Subm Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $420,000 of indirect costs. The bankwide rate could be based on either direct labor hours (DLH) or the number of loans processed. The departmental rates would be based on direct labor hours for Consumer Loans and a dual rate based on direct labor hours and the number of loans processed for Commercial Loans. The following information was gathered for the upcoming period: Department DLH Loans Processed Direct Costs Consumer 000'0 $280,000 12,000 850 Commercial 0000 000 If Banc Corp. Trust uses a bankwide rate based on the number of loans processed, what would be the total costs for the Commercial Department? Multiple Choice 000'0 Graw < Prev 13 of 25 10:19 PM Type here to search (Gpツ 4/15/2021 近同回 F10 PrtSc +D -E3 Delete F7 F8 F11 F12 Ins 反 6- & 23 3. Backspac 7. 6 5. [C A G H. B N Alt Ctrl Alt Home
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Question Completion Status: QUESTION 7 Using the following information, calculate the monthly net profit Sales for the month Food costs 73,904 25% of Sales Labor costs 45% of Sales Rent and Insurance $1500/month Supplies $2217/month Other expenses $3791/month OA. $51,733 O B. $22,171 O C. $7508 OD. $14,663 QUESTION 8 Calculate the profit margin from the last problem O A. 17.5% OB. 19.84% OC. 18.29% Click Save and Submit to save and submit. Click Save All Answers to save all answers OD.22.22%
Problem 2-19A (Algo) Context-sensitive nature of cost behavior classifications LO 2-1 Vernon Bank's start-up division establishes new branch banks. Each branch opens with three tellers. Total teller cost per branch is $96,000 per year. The three tellers combined can process up to 85,000 customer transactions per year. If a branch does not attain a volume of at least 55,000 transactions during its first year of operations, it is closed. If the demand for services exceeds 85,00O transactions, an additional teller is hired and the branch is transferred from the start-up division to regular operations. Required a. What is the relevant range of activity for new branch banks? b. Determine the amount of teller cost in total and the average teller cost per transaction for a branch that processes 55,000, 65,000, 75,000, or 85,000 transactions. In this case (the activity base is the number of transactions for a specific branch), is the teller cost a fixed or a variable cost? c. Determine the…
+ I/ Magynt MN * 00 因 C. L山 Help Save & Exit 14 Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $396,000 of indirect costs. The bankwide rate could be based on either direct labor hours (DLH) or the number of loans processed. The departmental rates would be based on direct labor hours for Consumer Loans and a dual rate based on direct labor hours and the number of loans processed for Commercial Loans. The following information was gathered for the upcoming period: Department DLH Loans Processed Direct Costs Consumer $280,000 $180,000 16,000 Commercial 000'6 00E If Banc Corp. Trust uses a bankwide rate based on the number of loans processed, what would be the total costs for the Consumer Department? Multiple Choice 000'0 Mc Graw 11H 10:19 PM O Type here to search 4/15/2021 近人 F7 Esc PriSc Delete +D F12 反 F6 -D F8 F10 F11 F-1 64 sup 23 3. & Backs 5. 19 4. P. qE C G H. B. Alt Alt Ctrl Home
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6.2 Refer to Problem 6.1. Assume that the three patient services departments are adult services, pediatric services, and other services. The patient services revenue and hours of housekeeping services for each department are as follows: Department Revenue Housekeeping Hours Adult Services $3,000,000 1,500 Pediatric Services 1,500,000 3,000 Other Services 500,000 Total $5,000,000 500 5,000 a. What is the dollar allocation to each patient services department if patient services revenue is used as the cost driver? b. What is the dollar allocation to each patient services department if hours of housekeeping support is used as the cost driver? c. What is the difference in the allocation to each department. between the two drivers? d. Which of the two drivers is better? Why?