Jane Industries has two products: X and Y. The company uses activity-based costing. The estimated total cost and expected activity for each of the company's three activity cost pools are as follows: Activity Estimated Cost Expected Activity Cost Product X Product Y Total Activity 1 $24,500 420 110 580 Activity 2 $18,860 890 220 610 Activity 8 $15,800 520 270 790 The activity rate under the activity-based costing system for Activity 3 is closest to:

Jane Industries has two products: X and Y. The company uses activity-based costing. The estimated total cost and expected activity for each of the company's three activity cost pools are as follows: Activity Estimated Cost Expected Activity Cost Product X Product Y Total Activity 1 $24,500 420 110 580 Activity 2 $18,860 890 220 610 Activity 8 $15,800 520 270 790 The activity rate under the activity-based costing system for Activity 3 is closest to:

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 9MC: Which is not a step In activity-based costing? A. identify the activities performed by the...

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Paul Company has two products: A and B. The company uses activity-based costing. The estimated total cost and expected activity for each of the company's three activity cost pools are as follows: Activity Cost Pool Activity 1 Activity 2 Activity 3 Estimated Cost a. $28.87 O b. $19.47 C. $58.40 O d. $70.45 $22,000 16,240 14,600 Expected Activity Product B Product A 400 380 500 100 200 250 Total 500 580 750 The activity rate under the activity-based costing system for Activity 3 is closest to which of the following?
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Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data. Rounded Edge $ 34,800 11,600 Squared Edge $ 46,800 $ 81,600 31,200 Total Direct materials Direct labor Overhead (using plantwide rate) 42,800 41,400 79,400 120,800 2$ 245, 200 $ Total product cost $ 87,800 157,400 Units produced Product cost per unit 11,600 $ 7.57 15,600 $ 10.09 Northwest's controller wants to apply activity-based costing to allocate the $120,800 of overhead cost to the two products to see whether product cost per unit would change markedly from that above. The company's budgeted activity usage equals its actual activity usage for the period. The following additional information is collected. Rounded Edge 149 orders Activity Usage Squared Edge 471 orders Budgeted Cost Activity Cost Driver Purchase orders Activity Purchasing Depreciation of machinery Setup Total 620 orders $ 6,200 63,000 Machine hours 500 hours 1,500 hours 2,000 hours…