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Qinto Company sells two types of products: basic and deluxe. The company provides technical support for its products at a budgeted overhead cost of $333,000 per year. The company allocates technical support cost based on 11100 budgeted technical support calls per year 1. Compute the activity rate for technical support using activity-based costing. 2. During January, Qinto received 700 calls on its deluxe model and 150 calls on its basic model. Allocate technical support costs to each model

Qinto Company sells two types of products: basic and deluxe. The company provides technical support for its products at a budgeted overhead cost of $333,000 per year. The company allocates technical support cost based on 11100 budgeted technical support calls per year 1. Compute the activity rate for technical support using activity-based costing. 2. During January, Qinto received 700 calls on its deluxe model and 150 calls on its basic model. Allocate technical support costs to each model

FINANCIAL ACCOUNTING
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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Qinto Company sells two types of products: basic and deluxe. The company provides technical support for its products at a budgeted overhead cost of $333,000 per year. The company allocates technical support cost based on 11,100 budgeted technical support calls per year. 1. Compute the activity rate for technical support using activity-based costing. 2. During January, Qinto received 700 calls on its deluxe model and 150 calls on its basic model. Allocate technical support costs to each model. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the activity rate for technical support using activity-based costing. Technical support activity rate Numerator Denominator Required 1 Required 2 >
Transcribed Image Text:Qinto Company sells two types of products: basic and deluxe. The company provides technical support for its products at a budgeted overhead cost of $333,000 per year. The company allocates technical support cost based on 11,100 budgeted technical support calls per year. 1. Compute the activity rate for technical support using activity-based costing. 2. During January, Qinto received 700 calls on its deluxe model and 150 calls on its basic model. Allocate technical support costs to each model. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the activity rate for technical support using activity-based costing. Technical support activity rate Numerator Denominator Required 1 Required 2 >
Qinto Company sells two types of products: basic and deluxe. The company provides technical support for its products at a budgeted overhead cost of $333,000 per year. The company allocates technical support cost based on 11,100 budgeted technical support calls per year. 1. Compute the activity rate for technical support using activity-based costing. 2. During January, Qinto received 700 calls on its deluxe model and 150 calls on its basic model. Allocate technical support costs to each model. Complete this question by entering your answers in the tabs below. Required 1 Required 2 During January, Qinto received 700 calls on its deluxe model and 150 calls on its basic model. Allocate technical support costs to each model. Model Basic Deluxe Allocate technical support costs to each model Activity Usage Activity Rate < Required 1 Allocated Cost Required 2 >
Transcribed Image Text:Qinto Company sells two types of products: basic and deluxe. The company provides technical support for its products at a budgeted overhead cost of $333,000 per year. The company allocates technical support cost based on 11,100 budgeted technical support calls per year. 1. Compute the activity rate for technical support using activity-based costing. 2. During January, Qinto received 700 calls on its deluxe model and 150 calls on its basic model. Allocate technical support costs to each model. Complete this question by entering your answers in the tabs below. Required 1 Required 2 During January, Qinto received 700 calls on its deluxe model and 150 calls on its basic model. Allocate technical support costs to each model. Model Basic Deluxe Allocate technical support costs to each model Activity Usage Activity Rate < Required 1 Allocated Cost Required 2 >
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