Summit Ridge Inc. uses an ABC system with the following cost data: Costs Amount Wages and salaries $195,000 Depreciation $88,000 Utilities $97,000 Total $380,000 Category Assembly Packaging Other Wages/Salaries 0.50 35% 15% Depreciation 0.25 40% 35% Utilities 0.18 45% 37% How much total cost is allocated to the Assembly activity pool?

Summit Ridge Inc. uses an ABC system with the following cost data: Costs Amount Wages and salaries $195,000 Depreciation $88,000 Utilities $97,000 Total $380,000 Category Assembly Packaging Other Wages/Salaries 0.50 35% 15% Depreciation 0.25 40% 35% Utilities 0.18 45% 37% How much total cost is allocated to the Assembly activity pool?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
How much total cost would be allocated to the Assembly activity cost pool?
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How much total cost would be allocated to the assembly activity cost pool?
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