Please answer me quickely! :Under activity-based costing, the process of assigning costs to cost objects is calledFirst stage allocation a ONone of the given answers .b OCalculation of ost object margin .cOThird stage allocation d OSecond stage allocation e OUnder traditional costing systems, which calculate a single predetermined overheadrate using volume-based drivers, the product margin oflow-volume products tends to beNone of the given answersa OAccurately calculated b OUnderstated cOOverstated d OCannot be judged due to insufficient information e O

"Since you have asked multiple questions, we will solve first question for you. If you want any…

:Under activity-based costing, the process of assigning costs to cost objects is called First stage allocation a O None of the given answers .b O Calculation of cost object margin.cO Third stage allocation d O Second stage allocation e O

:Under activity-based costing, the process of assigning costs to cost objects is called First stage allocation a O None of the given answers .b O Calculation of cost object margin.cO Third stage allocation d O Second stage allocation e O

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 13MC: Activity-based costing systems: A. use a single predetermined overhead rate based on machine hours...

See similar textbooks

Related questions

Q: In Ayayai Company, direct labor is $20 per hour. The c 2022, direct labor totaling $255,440 is…

A: FLEXIBLE BUDGETA flexible budget is a budget that is prepared for different levels of activity or…

Q: Next graph shows the latest return and interest rates for fixed income % government securities at…

A: Government bonds are the bonds which are issued by the government of a country. The risk on…

Q: Exercise 6-12 (Algo) Variable Costing Income Statement; Reconciliation [LO6-2, LO6-3] Whitman…

A: Direct Material cost per unit $12.00Direct Labor cost per unit $3.00Variable Factory Overhead cost…

Q: e quickely

A: Given : The Muzn Co. had operating cash flow of OMR 54,650. Depreciation was OMR 5600 Interest paid…

Q: 27. You get an interest-only mortgage loan of $215,000 at 8.25%. For the first 2 years, your monthly…

A: Given, Mortgage Loan =$215000 Rate =8.25%

Q: i need the answer quickly

A: S.NoMarginal CostingAbsorption Costing1.As the name suggests variable cost is considered in…

Q: i need the answer quickly

A: Accounting equation:The accounting equation refers to the statement that shows the total assets…

Q: :XYZ has provided the following data from its activity-based costing system Total Activity Total…

A: Formulas; Cost per activity=Total costTotal activity

Q: i need the answer quickly

A: Net Present Value - It is the difference between the present value of cash outflow and present value…

Q: A. Bob, Gary and Bob, who share profits and losses in the ratio of 4:4:2, respectively, decide to…

A: Bob, Gary & Crab share profits in the ratio of 4:4:2 and have decided to liquidate the…

Q: 1. Microtech Corporation is expanding rapidly, and it currently needs to retain all of its earnings,…

A: Following is the answer to the question.

Q: Wesley Company will issue a zero-coupon bond this coming month. The projected yield for the bond is…

A: In this question we require to compute the price of a zero coupon bond having maturity of 20 years.…

Q: A borrower took a mortgage loan 7 years ago for $160,000 at 10.25% interest for 30 years. He now…

A: Mortgage is loan contract that enables individuals or organization to purchase capital asset such as…

Q: 34. You get a 7.125% mortgage loan with front-end loan charges of $3,800. Will your APR be (a) less…

A: ANNUAL APR =RATE / INITIAL LOAN AMOUNT INITIAL LOAN AMOUNT = LOAN - FRONT END CHARGES…

Q: i need the answer quickly

A: The stock split increases the number of shares issued and outstanding. The stock split does not…

Q: The executive management team of Fett Company is discussing their budget for the next year. They…

A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…

Q: On January 1, the company purchased equipment that cost $10,000. The equipment is expected to be…

A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…

Q: a. Which of these projects would you accept? Why? b. What is the cost of the capital rationing…

A: The situation in which a firm can accept only a certain number of projects due to limitation of…

Q: Tshintsha (Pty) Ltd is a manufacturer of three types of inverters namely grid - tied, off-grid and…

A: The allocation of financial management office (FMO) expenses is a crucial aspect of budgeting for…

Q: Required information Use the following information for the Exercises below. (Algo) [The following…

A: Federal income taxes:- The internal revenue service imposes a tax known as the federal income tax on…

Q: Two weeks ago, Universal Holdings Inc. and Marston Manufacturing Company agreed to a merger in which…

A: Earnings per share Businesses all across the world are there to make money and increase shareholder…

Q: Required information [The following information applies to the questions displayed below.] On…

A: An amortization schedule is presented as a table that outlines key loan characteristics like payment…

Q: 29. You get a $310,000 mortgage loan at 6.75% interest. Your monthly payment (PI) is $1,650.…

A: Principal repayment = Total payment - Interest

Q: Laurance Corporation issued P 400,000, 7%, 20-year bonds on January 1, 2017, for P 360,7217 This…

A: Date Account Titles Debit Credit a )January 1, 2017 Cash $360,7217 Discount on Bonds Payable…

Q: 12-28 Selection of most profitable products. Isochlorine is produced in a chemical process that is…

A: The contribution margin may be explicit on a gross or per-unit basis. It represents progressive cash…

Q: On January 1, 2020, Wilson Co. signed a three year note with Chase Bank. The note was for $10…

A: FASB (Financial Accounting Standards Board) is a body that sets accounting standards in accordance…

Q: Computing Lease Payment-Lessor; Computing Right-of-Use Asset and Lease Liability-Lessee Information…

A: A lease is defined as a contractual agreement incorporated between two business entities where one…

Q: i need the answer quickly

A: The cost of goods available for sale equals the beginning value of inventory plus the cost of goods…

Q: XYZ Co. uses a 5,000 square foot factory space that it rents for $3,000a month for all its…

A: Absorption Costing , Activity Based Costing and Marginal Costing are different methods of absorption…

Q: What is the future value of a $1,200 investment, earning 10-percent interest per period, after two…

A: In the given question we require to compute the future value. Other details are : Present value of…

Q: Andretti Company has a single product called a Dak. The company normally produces and sells 84,000…

A: As per the guidelines, we are supposed to answer only the first 3 sub-parts of the question. As per…

Q: Algoma Steel processes a single type of steel. For the current period the following information is…

A: Algoma Steel Computation of Equivalent unit of Production Particulars Physical Units Material…

Q: Piper owns a vacation cabin in the Tennessee mountains. Without considering the cabin, she has gross…

A: The basic ideas and rules that control the levying, collecting, and handling of taxes in a certain…

Q: i need the answer quickly

A: Journal Entry :— It is an act of recording transactions in books of account when transaction…

Q: On January 1, 2016, Covid Corp., purchased debt securities for cash of P765,540 to be held as…

Q: Apex Corporation is considering the purchase of Pinnacle Company in a stock-for-stock exchange.…

A: Synergy benefit = $ 7 Million Earnings of Apex = $100 (50 *$2) Earnings of Pinnacle = $40 (40 *$1)…

Q: Vibrant Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following…

A: The budget is prepared to estimate the requirements for the period. The production budget is…

Q: You get a 20-year $600,000 mortgage loan at 7.5% interest. Use your financial calculator to…

A: We need to use financial calculator as instructed in above question for monthly payment and…

Question

Please answer me quickely!

:Under activity-based costing, the process of assigning costs to cost objects is called
First stage allocation a O
None of the given answers .b O
Calculation of ost object margin .cO
Third stage allocation d O
Second stage allocation e O
Under traditional costing systems, which calculate a single predetermined overheadrate using volume-based drivers, the product margin of
low-volume products tends to be
None of the given answers
a O
Accurately calculated b O
Understated cO
Overstated d O
Cannot be judged due to insufficient information e O

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2 Introduction

Step 3 solution

Step 4 Conclusion

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Which is not a step In activity-based costing? A. identify the activities performed by the organization B. identify the cost driver(s) associated with each activity C. compute a cost rate per production D. assign costs to products by multiplying the cost driver rate by the volume of the cost driver units consumed by the product
Under absorption costing, a unit of product includes which costs? A. direct material, direct labor, and manufacturing overhead B. direct material, direct labor, and variable manufacturing overhead C. direct material, direct labor, and fixed manufacturing overhead D. direct material, direct labor, and all variable manufacturing overhead
Carltons Kitchens three cost pools and overhead estimates are as follows: Compare the overhead allocation using: A. The traditional allocation method B. The activity-based costing method (Hint: the traditional method uses machine hours as the allocation base.)
When is an activity-based costing system better than a traditional allocation system?
Accumulating costs means that a. costs must be summed and entered on the income statement. b. each cost must be linked to some cost object. c. costs must be measured and tracked. d. costs must be allocated to units of production. e. costs have expired and must be transferred from the balance sheet to the income statement.
Activity-based costing systems: A. use a single predetermined overhead rate based on machine hours instead of on direct labor B. frequently increase the overhead allocation to at least one product while decreasing the overhead allocation to at least one other product C. limit the number of cost pools D. always result in an increase of at least one products selling price
For which cost concept used in applying (he cost-plus, approach to product pricing are fixed manufacturing costs, fixed selling and administrative expenses, and desired profit allowed for in determining the markup? A. Total cost B. Product cost C. Variable cost D. Standard cost
Please solve fast!!
Under activity-based costing, second stage allocation would involve: a. Calculating activity rates O b. Assigning costs to cost objects. O c. Assigning costs to cost pools O d. None of the given answers . O e. Defining activity measures
1..
The objective of activity-based costing (ABC) is to derive the O A. full OB. marginal OC. strategic O D. relevant cost of production.
Consider the following statements concerning activity-based costing. 1. Cost pools are linked to particular cost centres. 2. Total costs in a cost pool are charged to output using the relevant cost driver. Which of these statements is/are correct? A. 1 and 2 B. 2 only O C. 1 only D. Neither 1 nor 2