Eccles Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costingsystem:Costs:$ 286,000Wages and salariesDepreciationUtilities270,000231,000Total$ 787,000Distribution of resource consumption:Activity Cost PoolsSetting UpAssemblyotherTotalWages and salariesDepreciation45%30%25%100%35%20%45%100%Utilities10%65%25%100%How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool? Multiple Choice$233,633$246,300$354,150$78,700

Activity-based costing is a costing method where the indirect cost is assigned to the jobs or…

system: Costs: Wages and salaries Depreciation $ 286,000 270,000 231,000 $ 787,000 Utilities Total Distribution of resource consumption: Activity Cost Pools Setting Up 30% Assembly other Total Wages and salaries Depreciation 45% 25% 100% 35% 10% 20% 45% 100% Utilities 65% 25% 100% How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool?

system: Costs: Wages and salaries Depreciation $ 286,000 270,000 231,000 $ 787,000 Utilities Total Distribution of resource consumption: Activity Cost Pools Setting Up 30% Assembly other Total Wages and salaries Depreciation 45% 25% 100% 35% 10% 20% 45% 100% Utilities 65% 25% 100% How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool?

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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Help Save & Exit Submit TB MC Qu. 7-52 (Algo) Eccles Corporation uses an activity-based costing... Eccles Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system: Costs: Wages and salaries Depreciation Utilities $ 318,000 247,000 206,000 $ 771,000 Total Distribution of resource consumption: Activity Cost Pools Setting Up Assembly Other Total Wages and salaries Depreciation Utilities 30% 10% 45% 25% 100% 30% 20% 60% 100% 50% 30% 100% How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool? Multiple Choice, hp
Exercise 7-4 (Algo) Second-Stage Allocation [LO7-4] Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Machine processing Machine setups Number of units produced per year Direct labor-hours Activity Rate $ 11 per direct labor-hour $5 per machine-hour $ 45 Production orders Shipments $ 120 per shipment Product sustaining $ 900 per product Activity data have been supplied for the following two products: Machine-hours Machine setups Production orders Shipments Product sustaining per setup $ 160 per order Total Expected Activity K425 M67 2,000 200 1,025 2,600 7 7 14 3 50 40 3 3 3 3 Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system?
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