Multiple Choice$6.49$5.63$3.92$5.20 Foster Florist specializes in large floral bouquets for hotels and other commercial spaces. The company has provided the following data concerning its annual overhead costs and itsactivity based costing system:Overhead costs:Wages and salariesother expenses$ 128,00064,000Total$ 192,000Distribution of resource consumption:Activity Cost PoolsMakingBouquets60%DeliveryotherTotalWages and salariesother expenses30%10%100%45%50%5%100%The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs.The amount of activity for the year is as follows:Activity Cost PoolMaking bouquetsDeliveryActivity57,390 bouquets12,500 deliveriesWhat would be the total overhead cost per delivery according to the activity based costing system? In other words, what would be the overall activity rate for the deliveries activity costpool? (Round to the nearest whole cent.)

Activity-Based Costing: It is a costing method that identifies and assigns activities of an…

Answered: Multiple Choice $6.49 $5.63 $3.92

Business

Finance

Multiple Choice $6.49 $5.63 $3.92

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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31 Landor Appliance Corporation makes and sells electric fans. Each fan regularly sells for $42. The following cost data per fan is based on a full capacity of 150,000 fans produced each period. Direct materials Direct labor Manufacturing overhead (70% variable and 30% unavoidable fixed) A special order has been received by Landor for a sale of 25,000 fans to an overseas customer. The only selling costs that would be incurred on this order would be $4 per fan for shipping. Landor is now selling 120,000 fans through regular channels each period. Assume that direct labor is an avoidable cost in this decision. What should Landor use as a minimum selling price per fan in negotiating a price for this special order? Multiple Choice $211 per fan 58 $9 $ 10 $27 per fan
Multiple Choice $10,280 $5,630 $9,350 $4,650
Bobzien, Incorporated, manufactures and sells two products: Product B7 and Product Z5. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Product B7 Product Z5 Total direct labor-hours Expected Production 300 800 Activity Cost Pools Labor-related Production orders Order size Direct Labor- Hours Per Activity Measures DLHs orders MHs The direct labor rate is $15.10 per DLH. The direct materials cost per unit is $136.20 for Product B7 and $204.40 for Product Z5. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Expected Activity Estimated Overhead Cost Unit 5.0 3.0 $ 39,585 26,884 462, 768 $ 529,237 Total Direct Labor- Hours 1,500 2,400 3,900 Product B7 Product Z5 1,500 2,400 500 600 4,600 4,700 Total 3,900 1,100 9,300 The unit product cost of Product Z5 under activity-based costing is…
10
Dallavalle Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials $ 93 Fixed costs per year: $ 320,000 $2,144,000 $1,364,000 Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 32,000 units and sold 31,000 units. The company's only product is sold for $238 per unit. Assume that the company uses an absorption costing system that assigns $10 of direct labor cost and $67 of fixed manufacturing overhead to each unit that is produced. The unit product cost under this costing system is:
Item Qty. Price Extension Socks 4 $15 $60 T-shirt 3 $60 $180 bags 2 $80 $160 the tax percentage is 15%,Calculate the total amount a. 600$ b. 230$ c. none of all d. 460$ Clear my choice
Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs. Cost $6,000 $7,100 Materials costs. Conversion costs. A total of 7,100 units were started and 6,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Percent Complete 65% 45% Cost $125,800 $207,300 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to:
Fabrick Company's quality cost report is to be based on the following data: Lost sales due to poor quality Quality data gathering, analysis, and reporting Net cost of spoilage Re-entering data because of keying errors Test and inspection of in-process goods Final product testing and inspection Statistical process control activities Returns arising from quality problems Downtime caused by quality problems What would be the total appraisal cost appearing on the quality cost report? $ 15,200 $ 64,700 $ 68,300 $ 20,700 $ 19,500 $ 43,800 $36,300 $ 33,100 $ 65,000
A company issues 6% bonds with a par value of $100,000 at par on January 1. The market rate on the date of issuance was 5%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is: Multiple Choice $6,000. $5,000 $3.000. 2500 aw 9:12 P pe here to search 96% 3/21/20
Information for Hobson Corporation for the current year ($ in millions): Income from continuing operations before tax Loss on discontinued operation (pretax) Temporary differences (all related to operating income): Accrued warranty expense in excess of expense included in operating income Depreciation deducted on tax return in excess of depreciation expense Permanent differences (all related to operating income): Nondeductible portion of entertainment expense The applicable enacted tax rate for all periods is 25%. How much tax expense on income from continuing operations would be reported in Hobson's income statement? Note: Round the final answer to 2 decimal places. $ 230 10 85 175 20
Multiple Choice $161 per unit $82 per unit $87 per unit $78 per unit
On October 15, Cross Eyeglasses had a balance of $4,390 in its Social Security tax payable account and $1,026.69 in its Medicare Tax Payable account. It posted credit entries of $4,390 to Social Security tax payable and $1,026.69 to Medicare tax payable on its October 31 pay date. If Cross Eyeglasses is a monthly schedule depositor, what entry should appear on November 15 for the remittance of the month's FICA taxes?

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